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Buy It With Cash, Mortgage It Later

Anthony Corbisiero wanted a quick sale on his studio pied-à-terre in West Chelsea, as he planned to use a portion of the proceeds for his daughter’s looming college expenses. So he and his wife, Julie, who live in Bay Ridge, Brooklyn, were thrilled when three bids emerged within a week. Two were all cash. “The […]

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UK commercial property investment slumped around Brexit vote

Investment into UK commercial property slumped to its lowest level in two years and prices for British real estate began to fall during the period right around the country’sreferendum on EU membership. Investors bought £9.8bn of property during the second quarter of 2016, an 18 per cent drop from the previous quarter — when volumes […]

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Dubai’s realty brokers could feel the Brexit punch

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 […]

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Kenya : What Brexit Means to the Property Market

“Brexit is expected to affect all markets, and people are wondering how this will affect the Kenyan economy as well as the property market. In general, it is important to understand that such unexpected changes result in both economic and financial shifts. Usually, economic shifts happen slowly while financial shifts happen overnight and can be […]

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U.K’s Housing Market Feels Effects of Brexit Vote

  Brexit hit the U.K. housing market hard in June, a survey of property brokers showed on Thursday. The Royal Institute of Chartered Surveyors said that after Britons voted to leave the European Union on June 23, its members reported weakening demand, a drop in the number of homes put up for sale, and a […]

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Britain’s housing market remains strong

Short-term jitters aside, a combination of economic fundamentals and political imperatives is likely to sustain values in Britain’s housing market over the long term. I spent the weekend after Brexit in London commiserating with some friends who had been in the midst of selling their home in Vauxhall to upgrade to a bigger place. They […]