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Greek property market: Homesharing, tourism driving local property market recovery

Hotels are among the properties attracting buying interest. Three-quarters of the estate agencies and property management companies surveyed in Attica reported strong interest in tourism-related assets. Property investors are firmly focused on apartments in central Athens and tourism properties such as holiday homes and hotels, according to a National Bank of Greece report. The 200 […]

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Property market: Mildly positive and ‘less painful’

At a talk entitled, “The key driver for property demand will always be affordability” during the Star property.my Fair 2018 in KLCC, the audience was asked about Budget 2019. “How many of you here thinks Budget 2019 is positive for you?” No one raised their hands. Perhaps they have yet to feel the effects of […]

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UK property market at its weakest for six years, says Rics

Surveyors body expects prices to fall in the south and south-east over next three month.  Houses for sale in Norwich. Rics forecasts property prices in East Anglia will remain flat over the next 12 months. Photograph: Jason Bye/Alamy The UK property market is at its weakest for six years, with prices flat or falling across half the […]

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PROPERTY MARKET KENYA: 2018 SECOND HALF OVERVIEW

The volume of construction material imports such as iron, steel bars and rods declined by 4.9 per cent during the first quarter of 2018. PHOTO| FOTOSEARCH In Summary Affordable housing is not going to change the fact that the current property market, the one that attracted billions of dollars is going down. Low cost housing […]

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Mortgage Rates Are Pushing U.S. Homes Out of Reach

This is how housing markets turn. Slowly. Six years of home-price gains outpacing wage growth; bidding wars replaced by sales at the asking price; days or weeks on the market turning into months; rising mortgage rates. First-time shoppers start to get priced out, making it harder for move-up buyers to sell, and the slowdown ripples […]

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Dubai property rents, prices to fall further over next 12 months – JLL

New report says developers are focused on the sale of existing inventories in Dubai by offering increasingly generous payment plans to investors Despite the introduction of 10-year residency visas for certain categories of retirees, the residential market has continued to soften. Further declines in Dubai property rents and sale prices are projected over the next […]

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Prime London housing market hit by Brexit

The number of high-end London homes being placed on the market has dropped by a quarter as wealthy owners hold off selling ahead of the UK’s departure from the EU. In upmarket areas of the capital, the number of homes being placed on the market for £2m or more was down 25 per cent in […]

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Property speculators head north as London market slumps

UK property speculators who buy and sell homes in quick succession have shifted their focus north as the housing market in London and the south-east begins to slump. Some 11 of the top 15 destinations for “flipping” homes — buying and selling within 12 months — were in the north of England last year. None […]

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Greek Property Market on Slow but Steady Upward Path

Greece’s housing market is gradually improving, holding the 48th spot among 57 global markets on residential and commercial property consultancy Knight Frank’s Global House Price rankings. The London-based agency released second trimester data for the year and according to Central Bank of Malta figures, prices increased by 17 percent year-on-year with only seven countries and territories (12 […]

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Experts warn of ‘debt bomb’ as housing downturn worsens

AUSTRALIA is facing a “debt crisis” — and the property market and our entire economy are at risk as a result. That’s according to the sobering 60 Minutes segment Bricks and Slaughter which aired last night, revealing the country’s property downturn was just the tip of the iceberg. According to reporter Tom Steinfort, the current slump is actually “more […]