From the beginning of this year, local as well as global financial circumstances have created a very volatile financial environment around the world. Kenya who had recently been upgraded to a middle income economy, with its main support of growth being the real estate sector has been facing some serious turbulence that effected most of […]
For several years now, Kenya’s Real Estate Market has been creating wealth for several investors. Today, the property market in Kenya is representing almost 10% of the country’s Gross Domestic Product and has successfully attracted the majority of investment interest. Thousands of Kenyans are enjoying the positive results of their property investments while millions are […]
New homes purchased up to the end of October 2019 will remain exempt from local property tax (LPT) under a Bill the Government plans to pass into law this week. The proposed legislation would extend the exemption on homes bought from builders and developers, already in place since 2013, for an additional three years beyond […]
ArthaYantra Corporation, a web-based full service financial advisor, in its annual buy versus rent (ABRS) report, said Mumbai and Delhi remain the most expensive cities for both buying and renting a residential property out of 8 top cities it surveyed. While Chennai and Pune are mostly affordable for rentals, people with an annual income of […]
The average cost of a property in London rose above £500,000 for the first time in October. Land Registry figures showed that the cost of homes in England and Wales rose by 5.6% in the year to October, up 0.4% from the previous month. London saw the biggest rise in the last 12 months, with […]
Canyon Lake Ranch was once a playground for Christian day campers, and then was a corporate retreat with water-skiing, barbecues and cowboy shoot-’em-up shows. Hawks now circle above 108 sunbaked acres occupied by copperhead snakes, a few coyotes and the occasional construction truck. Soon this ranch will be a gated subdivision of 99 mini-mansions designed […]
T he housing market isn’t crashing, but it is cooling, which could force the Reserve Bank of Australia to cut interest rates again, Citi economists say. Stretched valuations that have fuelled speculation of an impending crash had been driven by under supply in the market, which peaked at 49,000 dwellings in 2013-14, versus the RBA’s […]
During the 22nd Kenya Homes Expo held at the Kenyatta International Convention Centre (KICC) in Nairobi last month, a strange feeling clouded the atmosphere. There was something missing from this year’s expo in comparison with the last 5 years. For the first time since the Real Estate Market started its amazing course, producing millions of […]
Higher prices and tighter inventory are straining the recovering housing market. Sales of existing homes ran at a seasonally adjusted annual rate of 5.36 million in October, the National Association of Realtors said Monday. That was down 3.4% from 5.55 million in September, a level which marked the second-best in eight years. Sales were 3.9% […]
Warm temperatures and low interest rates are factors real estate industry experts say contributed to the continued strong housing market through October in Wisconsin. Both existing home sales and the median sale price were higher last month than in October 2014, according to the most recent assessment of the housing market by the Wisconsin Realtors Association (WRA). […]
