Beginning of this month, the Monetary Policy Committee brought their bi-monthly meeting earlier by one month and announced a large increase (almost 20%) of the CBR (central bank rate), from 8.5% to 10%. The main reason for this decision was the need to implement a policy in order to try to stop the country’s […]
House sellers are refusing to slash their prices as they know that demand for properties is exceeding supply, research shows. New figures show it is once again a seller’s market, with discounts on properties slumping to a five-year low. The price of the average house advertised online last month had only been reduced by 6.05 […]
Homes in pricier cities could be out of reach of more buyers The housing market could be in for a bumpy ride as mortgage rates climb. Home buyers and sellers heading into the busy summer season have been eyeing mortgage rates wondering how long the good times can last. The national housing market has been […]
Households in the UK perceived that the value of their home rose in June and are more confident that they will continue on an upward trend, the latest house price sentiment index shows. Some 23.7% of the 1,500 households surveyed across the UK said that the value of their home had risen over the last […]
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 […]
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 […]
For reasons I have yet to fully appreciate, there is a lot of confusion about the state of residential real estate in the U.S. Simply by looking at some of the data we can clear up a lot of the muddle. The short explanation is that housing, along with the rest of the economy, has […]
Mortgage experts are predicting a “gentle recovery” in activity in the UK housing market as new figures show lending rose slightly. Gross mortgage lending rose by 2% in May compared with April to £16.2bn, according to the Council of Mortgage Lenders (CML). This, and economic indicators, signalled a “limited” increase in activity in the coming […]
China’s property market is showing further signs of stabilising, with prices in some cities rising strongly last month as government measures to boost demand feed through. Of the 70 cities tracked by official data, 20 experienced an increase in new home prices last month, the highest level in more than a year. The average price […]
The total value of the world’s property markets hit a record high of $US13.6 trillion in 2014, up 4 per cent year on year, as investors poured cash into real estate assets around the world. Buyers spent $US771 billion on real estate deals in 2014, just short of the previous record set before the global […]
