By John Stepek We’re going to be getting plenty of house price data in the next few days — we get Nationwide house prices for June on Friday, and data on mortgage approvals tomorrow — so I’ll be coming back to this topic later in the week. But today I wanted to highlight a couple of interesting data […]
In New Zealand, high interest rates have sent property prices sliding nearly 18 percent since November 2021. New townhouses in Auckland, New Zealand. Because of soaring interest rates in the country, houses for sale now sit on the market for an average of 47 days, with some languishing for many months.Credit…Ruth McDowall for The New […]
Dubai saw 88 deals totalling US$1.66 billion for homes worth over US$10 million in the first quarter, followed by Hong Kong with 67 deals worth US$988 million Dubai continues to be a magnet for the world’s wealthy, attracting 5,200 high-net-worth individuals last year, according to Henley & Partners Dubai’s ultra-luxury property market is booming amid […]
Inflation and the BOE are increasing strains on the market The UK housing market is facing new hurdles after being rocked by the worst cost-of-living crisis in a generation, economic uncertainty and soaring borrowing costs. The pressure is building fast amid a fresh jump in mortgage rates and a rush by lenders to pull products as bond yields rise to levels last seen […]
Building society warns of ‘strengthening headwinds’ with high interest rates continuing for longer UK house prices fell at the fastest annual rate in nearly 14 years in May, as Nationwide building society warned that “headwinds” for the housing market were likely to increase in the coming months as high inflation fuels expectations of further interest rate […]
