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 […]
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 […]
Mark Carney made headlines, and plenty of waves, with his comments on the possible effect of a no-deal Brexit on house prices. He said that they could fall by a third if we failed to strike a deal with the EU. Certainly, you would have to say that the governor of the Bank of England is as […]
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 […]
Over the last 18 months, many people believed that the only reason the real estate market was slowing down was the election period and the wait and see attitude of buyers and investors. A year has passed since, it is also nine months since the ‘hand shake’, which officially marked the end of the election […]
