NAIROBI (Reuters) – Kenya’s shilling weakened close to its all-time low in early trading on Tuesday, weighed down by corporate dollar demand and the U.S. currency’s strength on global markets, traders said. At 0722 GMT, the shilling traded at 106.60/70 close to the low of about 107, compared with 106.15/35 on Monday’s close. “There is […]
Mumbai // The slide in the Indian rupee over the past month is threatening to dampen a recent surge in demand from India for buying homes in Dubai, analysts say. The Indian rupee has fallen sharply against the US dollar, and consequently the dirham, to trade at 18 rupees against the dirham compared to 17.3 […]
The lower Australian dollar makes property cheaper for foreign buyers and could increase the bubble prices being paid for apartments in areas of Sydney and Melbourne. The dollar sank below US70¢ on Wednesday, for the first time since April 2009, and Deutsche Bank chief economist Adam Boyton predicts the dollar will keep falling to US60¢ by the end of 2016, and even past […]
This was supposed to be the year when normality returned to the global economic landscape. Growth was looking more established and the legacy of the financial crisis was dimming. The US central bank and the Bank of England looked poised to affirm the recovery by finally starting to raise interest rates after keeping them for […]
With home ownership a fading dream for an increasing number of Australians, it’s time to bust some myths about the housing market. Here are the top five by urban and regional planning and policy experts at the University of Sydney, Professor Peter Phibbs and Professor Nicole Gurran. 1. Affordability issues will be solved by constructing […]
There’s just no let up in New Zealand house prices, with prices rising at their fastest pace since 2007. Prices rose 10.1 per cent in the three months to July 31 from a year earlier, according to an index by Quotable Value, a government-owned property research company. This was up from a 9.3 per cent […]
House prices in the UK edged up by 0.4% in July, rising to a new high of £195,621, figures from Nationwide show. The society also estimated that homebuyers paid a combined £275m less in tax in the first six months of the year as a result of changes to stamp duty in December. After a […]
House buyers borrowed more money in June than in any month since the financial crisis, as the pre-election lull in the market was swept aside by buyers surging back to the market. Home purchase loans came to a total of £20.5bn in June, according to the Council of Mortgage Lenders – the highest level seen […]
Singapore’s housing market, which has posted seven straight quarterly declines in home prices, may face harder times ahead. The latest housing data point on Wednesday showed home sales slumped 42 percent in June from a month earlier to the lowest this year — fueling concerns of further declines in prices that have already recorded the […]
The UK housing market appears to be “waking up” after a quiet period in spring, the Council of Mortgage Lenders (CML) has said. It said homeowners took out 49,000 loans in May, the highest number since December last year. That compares with 48,300 loans taken out in April. Separate figures from the Office for National […]
