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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
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
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
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