Dubai house prices fell in the two months to the end of August as the city’s property correction continued. According to new figures from broker CBRE, average house prices in Dubai dropped by another 2 per cent during the period, equating to a 6 per cent fall compared with the same period a year earlier. […]
The scale of Chinese investment in the Australian residential property market continues to polarise public opinion. Chinese buyers are often blamed for driving up house prices in Australia and causing the current affordability crisis. However, Chinese offshore purchases are surprisingly low. Based on Foreign Investment Review Board (FIRB) approval figures, ABS data, and our own […]
BEIJING, CHINA – AUGUST 27: A Chinese day trader reacts as he watches a stock ticker at a local brokerage house on August 27, 2015 in Beijing, China. A dramatic sell-off in Chinese stocks caused turmoil in markets around the world, driving indexes lower and erasing trillions of dollars in value. China’s government has implemented […]
When it comes to interest rates, what goes down eventually must go up. And as interest rates begin moving back up to more “normal” levels, that could spell trouble for home prices. When the bottom fell out of the housing market in 2007, the Federal Reserve responded by pushing borrowing rates to record low levels. […]
The UK’s housing market is accelerating once again amid strong demand and a lack of supply, according to reports. The Royal Institution of Chartered Surveyors has doubled its forecast for price rises this year from 3 per cent to 6 per cent, and says average stock levels on its members’ books stand at 30-year […]
Housing markets are prone to the bandwagon effect, they continue rising when the fundamentals vanish, a year, maybe two years before. Stock market and commodity price volatility and declines are currently chronicled ad-nausea by the press without seeing the dramatic upswing of international property price falls. What is alarming is the pace of price declines. Even countries […]
Dubai Land Department will introduce a new system in ranking its real estate brokers. The property brokers will mainly being ranked based on its performance. The National AE says that the the director of real estate licensing Ali Abdulla Al Ali revealed during the Cityscape Global conference that this new system in ranking real estate brokers […]
In order to achieve better living standards for her citizens, every emerging country has to go through several phases. Unfortunately, the focus is mainly on quantity and not quality. People care only about today and not for the future. For sustainable growth and better standards of living, it is a basic requirement to include quality […]
Almost four in five Europeans (79%) thinks it is increasingly difficult to enter the housing market as a first-time buyer, a survey by ING showed. Luxembourg tops the list, with 94% of people saying first-time buyers face growing challenges, while the UK comes in second, with 89% expressing concerns. Ian Bright, senior economist at ING, […]
NAIROBI (Reuters) – Kenya’s shilling weakened close to its all-time low in early trading on Tuesday, weighed down by corporate dollar demand and the U.S. currency’s strength on global markets, traders said. At 0722 GMT, the shilling traded at 106.60/70 close to the low of about 107, compared with 106.15/35 on Monday’s close. “There is […]
