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We are in a unique housing market: never before has the acceleration of house prices at the top of the scale left so many so far behind. Prices in Hackney, east London, for example, have increased by a staggering 939 per cent between 1995 and 2015. Compare that to Blackpool, where that number is 100 per cent. … Read more
ANALYSIS: The real estate markets in Vancouver and Toronto are at it again, positing record sales and double-digit price gains. Surprised? I thought not. Still, you wouldn’t be alone in asking the question: What will it take to stop the meteoric appreciation that risks pricing an entire generation out of those markets? If you start … Read more
Residential real estate prices in Dubai may have started bottoming out in certain areas, a new report has found. The monthly ValuStrat price index for Dubai’s residential market found that – on average – there were minute indications of an early recovery in some areas in February. Compared to a 100 point base in January … Read more
Lower-priced homes sell quickly while inventory on the higher end piles up A two-bedroom house in Los Angeles listed for $585,000 received 10 offers in the first week it hit the market, with the winner agreeing to pay $640,000. Meanwhile, a four-bedroom house a few miles away, priced at $3 million, sat on the market … Read more
The year 2015 will run in the minds of economists around the world for many years to come. It was the year that saw some major political, economic, military and cultural events take place around the world. The collapse of oil prices, the rebound of the US dollar, the slowdown of the Chinese economy, the … Read more
FOMO, or the fear of missing out, has become an increasingly popular acronym of late, joining the ranks of QE, POMO, ZIRP and NIRP in the everyday vernacular of people in financial markets. In the investment world, FOMO is about spurring people to make investment decisions quickly, and some times irrationally, based on the premise … Read more
What does Wang Shi, founder and chairman of China Vanke, the world’s biggest home builder by revenue, make of China’s overheated property market? When prospective buyers enter the 900-home development “Seaside Home” along an avenue of Grecian columns, their eyes are meant to be drawn to three athletes, chiselled from fake bronze. At “Starry Olympic … Read more
Last year is one that economists around the world will remember for a long time. It was the year English Point Marina apartments in Nyali, Mombasa. According to the latest data released by the Kenya National Bureau of Statistics, the real estate sector’s year-on-year growth at the end of third quarter of 2015 was 5.4 … Read more
Investment in Manchester commercial property hit a total of £1.2bn in 2015, a three per cent increase on the £992m recorded in 2014. According to the latest research from CoStar Group, the leading commercial property information provider a total £67.5 bn was invested in UK commercial real estate in 2015 making it the second strongest … Read more
Property prices in the Pilbara town of Karratha have halved to their lowest level in 11 years as the mining town suffers a double blow from falling iron ore and oil prices. Desperate sellers are slashing asking prices by more than $100,000 and some homeowners have been left nursing losses of nearly $300,000 on properties … Read more