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On June 23, 2016, the history of Europe, and the world, changed drastically, marking the beginning of a new era following the UK referendum, which saw the country’s citizens vote to withdraw from the European Union (EU). Their decision will see the creation a whole new economic environment, not just for the UK, but for … 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
Property experts have suggested that Britain’s shock decision to leave the EU in Thursday’s referendum could actually be good for the UK property market – at least in the short term. Many estate agents think that the falling pound will result in a huge influx of foreign investors who are keen to take advantage of … 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
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
*Every market goes through all the four phases. The only element that varies between markets is the time each phase takes. Still, it is just a matter of time before the next recovery or boom. Timing is everything. GRAPHIC | NATION ** By KOSTA KIOLEOGLOU Over the years, real estate has come to be been … 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
Many new condo developments that launched sales over the past few years will begin to see closings, new rental buildings will continue to hit the market in both Brooklyn and Manhattan, and progress in their lease-ups, and a shifting macro-economic climate — from interest rate hikes to stock market jitters — will have an effect … Read more
Interest in real estate is creating a fallacy that the economy is growing and life is easy. The trend has now been for someone to buy a small parcel of land in the sun-scorched and dusty bush areas that ‘have potential to grow’ and wait for three or so years for the parcel to ‘appreciate’ … Read more
House prices in England and Wales rose by 0.5% in August to reach an average of £184,682, according to the latest figures from the Land Registry. Despite the month-on-month increase, the annual rate of growth slowed to 4.2% – its lowest level since November 2013. This was just under half the recent peak of 8.5% … Read more