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Economic slowdown decreases house prices by 0.61pc in Q419

By MARGARET NJUGUNAH, NAIROBI, Kenya, Feb 3 – House prices maintained a downward trend in the fourth quarter of 2019, according to the Kenya Bankers Association House Price Index (KBA-HPI).   The report attributed the performance to an overall slowdown in the performance of the economy, which in turn tightened disposable income growth among potential home buyers.   During the period under review, house […]

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UK house prices rising at fastest rate since February 2018

Halifax shows rate of growth at 4.1%, partly due to sales delayed amid 2019 uncertainty UK house prices are rising at their fastest annual rate for nearly two years, according to Halifax, prompting claims that the property market is heading into the crucial spring season in reasonable shape. Halifax said house prices rose by 0.4% in […]

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How the world’s top 15 luxury housing markets will perform in 2020

Paris will have the hottest luxury housing market in 2020, according to Knight Frank. Global consultancy firm Knight Frank forecasted how the world’s top-tier luxury real-estate markets will perform in 2020. Paris will be the world’s hottest luxury housing market in 2020, with prices expected to grow by 7%, according to the report. High-end real-estate in the French […]

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Dubai sees ‘first signs of growing confidence’ in property market

Chestertons delivers upbeat analysis on 2020 real estate prospects in Dubai amid slowing price declines and stabilizing rental rates. Dubai’s real estate market could be seeing the first signs of growing market confidence, according to new research. Chestertons said this is a result of a notable slowdown in apartment sales price declines and the stabilization […]

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Rics: Political chaos pushes London house prices down in November

Brexit has cast uncertainty over the housing market in 2019 (via Getty Images) Political uncertainty held back London house prices in November, a new survey has shown, with gauges of demand and sales stuck in negative territory. Property company owners are hoping that today’s General Election will provide a clearer political and economic picture that […]

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Sydney posts strongest growth in 31 years

Sydney’s housing market is on track to recoup the 15 per cent loss in prices suffered during the 18-month downturn early next year and reach a new record high by March. Property prices in the harbour city surged 2.7 per cent in November, the highest monthly growth rate since 1988, while Melbourne property values grew […]

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Singapore property market faces risks from unsold units, uncertain economy: MAS

SINGAPORE: Singapore’s property market faces “potential downside risks” from a large supply of unsold units in the medium term and an uncertain economy, said the Monetary Authority of Singapore (MAS) on Thursday (Nov 28). In its annual Financial Stability Review, the central bank urged prospective buyers, especially households that are highly-leveraged, to be mindful of […]

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UK house prices rise despite uncertainty over Brexit and election

UK house prices rebounded in November despite continued uncertainty around the outcome of Brexit and the upcoming general election, according to Britain’s biggest mortgage lender. The average price of a home rose 1% to £234,625 last month, Halifax said, marking the largest monthly rise since February. It signals a slight recovery after two months of declines and […]