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SYDNEY/LONDON (Reuters) – Realtors in Australia, Britain and Canada are bracing for a surge of new interest in their already hot property markets, with early signs that wealthy Chinese investors are seeking a safe haven from the turmoil in Shanghai’s equity markets. Sydney realtor Michael Pallier said in the past week alone he has sold … Read more
House prices in the UK unexpectedly surged in June with a shortage of homes on the market driving the pace of increases to the fastest level in nine months. The Royal Institute of Chartered Surveyors reported that the average stock of houses per surveyor had fallen to the lowest level since it started collecting this … Read more
Taylor Scott International, conducted a property market survey in Nairobi for the first quarter 2014. The company collected a total number of 1792 surveys collected across a range of different venues. The majority of people who participated belong to the middle and upper class .The main objective of this survey was to identify property ownership … Read more
“For more than 30 years, consistently falling mortgage interest rates have helped spur more home sales. But in about a year’s time, that decades-long tailwind will likely shift to a housing headwind.” Sales will be hit hard, according to a worried analysis from Zillow. But not yet. Home sales have been hot, by post-Financial Crisis … Read more
Faced with predictions that Dubai home prices may drop as much as 20 percent this year, analysts say the emirate’s real estate developers and lenders are better prepared than when a crash in 2008 brought the city to the brink of bankruptcy. Standard & Poor’s this week estimated that values may fall by as much … Read more
By Kosta Kioleoglou Kenya remains the largest economy in East Africa with significant potential to further capitalize on regional markets and strengthen its position as the region’s economic powerhouse. With the recent discovery of oil, gas and coal representing a great opportunity for its overall development, Kenya is now viewed as the economic engine of … Read more
The Australian real estate market is in the grip of the biggest housing bubble in the nation’s history and Melbourne will be at the epicentre of an historic “bloodbath” when it bursts, according to two housing economists. A bloodbath in the housing market, however, appears a near certainty due to the magnitude of falls required … Read more
An estimated £16.2billion-worth of mortgages was handed out in May, marking a five-month high, figures from the Council of Mortgage Lenders (CML) showed. Writing on the CML’s website, CML economist Mohammad Jamei said: “As we expected, activity in the housing market is showing signs of a modest recovery.” He added that the low mortgage rates … Read more
SHANGHAI–China’s housing sales in the first five months of the year rose 5.1% year-over-year, a reversal from the 2.2% decline recorded in the first four months as lower borrowing costs and relaxed mortgage requirements lured home buyers back into the market. Housing sales in January to May totaled 2.07 trillion yuan ($333 billion), according to … Read more
Apartment lease rates fell 2.4% while sale prices decreased 1.5% in first 6 weeks of Q2 Dubai is expected to create over 277,000 new jobs in the run up to the Expo 2020. (Patrick Castillo) Residential rents and prices continue to decline in the first six weeks of second quarter compared to first quarter 2015, … Read more