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Tight supply, higher prices weigh on U.S. home sales

U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. The National Association of Realtors said on Wednesday existing home sales declined 3.7 percent to a seasonally adjusted annual rate of 5.48 million units last month after hitting […]

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What’s hot in Dubai’s housing sales market?

A look into the sales performance of off-plan and completed properties The Dubai Land Department (DLD) recently announced that the value of real estate transactions in the first 45 days of the year hit Dh42 billion, nearly half of last year’s Dh91 billion. An interesting feature of recent residential transactions has been the increasing number […]

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UK average annual rents fall for first time in six years

Buying frenzy ahead of 2016 stamp duty hike pushed up supply of new homes for letting by 10%, Countrywide figures show Rents in Britain have recorded their first annual drop for six years, according to the UK’s biggest estate and lettings agency. In February, the average rent in Britain was £921 a month, £5 lower […]

Market expectations 2017: It is time to act Read more

Market expectations 2017: It is time to act

For several months now, people have been speculating as to what is going to happen during the year 2017. Despite the different opinions, everybody agrees that this year is full of challenges. The period of speculating has finished and now we are living the reality. Since the beginning of the year the news about the […]

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Dubai’s property market is in for another tough year

Dubai: The UAE’s real estate sector is in for another difficult year according to the credit rating agency S&P, a sentiment which goes counter to the majority view among real estate consultancies that market sentiments are improving. S&P builds its case around the fact residential prices and rents in Dubai will decline by “another 5-10 […]

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Softening housing market slows London office conversions

Developers are pulling back from converting central London offices into homes as the housing market in the capital slows.   Conversions of central London offices into homes under contentious “permitted development rights” have slumped in the past year, while withdrawals of such applications have increased sharply, according to figures from Colliers International, a property agency. […]