Dear median-income Vancouver household looking to buy real estate in the city where you work and play: It will take you more than six years to save for a five percent down payment on a median-priced home. And once you’ve reached that goal, carrying that median-priced home will consume 81 percent of your gross […]
London based research firm Variant Perception’s bold claim that Australian property is now the biggest housing bubble of all time has stirred emotions. But if talk of the “Big Short of Blacktown” has inspired you take the other side of the Australia’s crazy obsession with property, you’re probably asking how you can be the unlikely hedge fund hero. […]
The problem is that, most of the people would not admit the fact that they make lifetime decisions based on the above. This wrong strategy increases the risk exposure as it has very big chances of achieving negative results and possible losses. Unless we stay realistic and distinguish between what we really know from what […]
Insane. That’s how Jonathan Tepper, chief executive officer at research firm Variant Perception, described Australia’s housing sector in a word, painting the picture of a market that’s strikingly similar to that of the U.S. prior to the financial crisis. A local 60 Minutes segment that aired on Sunday titled “Home Groans” chronicled some of the eye-popping […]
Last year is one that economists around the world will remember for a long time. It was the year English Point Marina apartments in Nyali, Mombasa. According to the latest data released by the Kenya National Bureau of Statistics, the real estate sector’s year-on-year growth at the end of third quarter of 2015 was 5.4 […]
Property developers sold 322 new private residential units in January, down from 384 in December, according to data released by the Urban Redevelopment Authority SINGAPORE: Sales of private homes fell 16 per cent in January from the previous month as developers scaled back property launches. Excluding executive condominiums (ECs), developers sold 322 new units last month, down from […]
VICTORIA — British Columbia introduced tax changes in its provincial budget Tuesday to help buyers and builders of new homes valued up to $750,000, while targeting people able to afford properties priced above $2 million. Housing policy experts and the NDP panned the tax measures as inadequate, saying bolder action was needed to help young […]
Turnover of Irish residential property is barely 50 per cent of what is considered “normal” in a healthy housing market. According to GeoDirectory, the State’s largest property database, there were just 43,428 residential property transactions last year from a total housing stock of more than two million. This equates to a national turnover rate of […]
In a new book, economist Elli Kraizberg tears down conventional wisdom and reveals 90 factors that really explain why prices are soaring . “Real estate accounts for 19% of gross domestic product directly and another 13% indirectly. Real estate accounts for not less than 40% of the public’s total wealth. It is unlikely that you […]
Real estate adviser Savills reveals London and the south east average loan-to-value ratios have been boosted by property price increases. According to the research, British mortgaged owner occupiers have an average outstanding loan-to-value of 48 per cent, but this ranges from 39 per cent in London to 60 per cent in the North East of […]
