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The majority of developers and investors in the big cities are building properties that are out of range for the average Kenyan family leading to the paradox of having an oversupply in a market that has a huge housing deficit. BY KOSTA KIOLEOGLOU Many people argue about the efficiency of the Kenyan real estate market … Read more
Photo: AFP The Paris property market is the second most attractive in Europe for property investment among the super rich, a new study reveals. The study, carried out by estate agency Knight Frank, looked at the most attractive cities around the world for real estate investment among ultra high-net-worth individuals (those with a household wealth … Read more
The blue economy aims to move beyond business as usual and to consider economic development and ocean health as compatible propositions. Blue economy is ideal for a long-term strategy aimed at supporting sustainable and equitable economic growth through oceans-related sectors and activities such as tourism, fisheries, renewable energy, and maritime transport. The blue economy … Read more
Britain’s biggest property website Rightmove has shrugged off fears of a slowing housing market as it posted a double-digit rise in revenues and profits and revealed it attracted a record number of customers last year. The company, which makes money by charging estate agents and house builders to advertise their properties, said the industry faced … Read more
U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. The National Association of Realtors said on Wednesday existing home sales declined 3.7 percent to a seasonally adjusted annual rate of 5.48 million units last month after hitting … Read more
London property rents fell for the first time in six years in July, a major U.K. estate agency said on Monday, with landlords opting to rent out rather than sell houses in the wake of the U.K.’s vote to leave the European Union (EU). Rents in the capital city fell by 0.5 percent over the … Read more
Dubai: Further turbulence for global currencies could have consequences for those UAE real estate agents heavily reliant on overseas investors for their deals. The pound’s weakening, in particular, will effectively mean that UK-based investors are less likely to shop around for assets in dollar-pegged currencies. (The British currency is down 7.3 per cent for the … Read more
Property price growth is expected to slow in UK and Europe as consumer confidence falls. The British vote to leave the European Union has brought the British pound down to a 31-year low, meaning UK house prices are now cheaper for foreign investors, buying in foreign currency. Property analysts in the UK also predict a … Read more
Uncertainty over the EU referendum has driven the biggest fall in the number of people trying to buy a property since the financial crisis and deterred sellers from putting their homes on the market, according to the latest report from surveyors. The fall in buyer inquiries is expected to lead to a drop in UK … Read more
Just a few days ago, the Kenya Bankers Association released the House Price Index for the first quarter of 2016. The 1.4 % increase of the index presented reflected an uptick in house prices during the first quarter of 2016, with the movement representing a not very promising future for the country’s most popular sector … Read more