GEORGE TOWN: Property hunters should take advantage of the low bank interest rates to buy properties now as a hedge against inflation. Eco World (North) general manager Khoo Teck Chong said the current rates were among the lowest in the history of housing loans in the country. “This should spur buying which would help […]
Dubai: Further turbulence for global currencies could have consequences for those UAE real estate agents heavily reliant on overseas investors for their deals. The pound’s weakening, in particular, will effectively mean that UK-based investors are less likely to shop around for assets in dollar-pegged currencies. (The British currency is down 7.3 per cent for the […]
“Brexit is expected to affect all markets, and people are wondering how this will affect the Kenyan economy as well as the property market. In general, it is important to understand that such unexpected changes result in both economic and financial shifts. Usually, economic shifts happen slowly while financial shifts happen overnight and can be […]
Brexit hit the U.K. housing market hard in June, a survey of property brokers showed on Thursday. The Royal Institute of Chartered Surveyors said that after Britons voted to leave the European Union on June 23, its members reported weakening demand, a drop in the number of homes put up for sale, and a […]
Short-term jitters aside, a combination of economic fundamentals and political imperatives is likely to sustain values in Britain’s housing market over the long term. I spent the weekend after Brexit in London commiserating with some friends who had been in the midst of selling their home in Vauxhall to upgrade to a bigger place. They […]
Mark Boud, senior vice president of Metrostudy, discusses potential long-term implications of Brexit on U.S. housing. On June 23, 2016, the British voted by a slim margin to withdraw from the European Union (EU). Those voting to exit the EU cited negative pressures felt regarding immigration and sovereignty. Those wanting to remain in the […]
Canadian Finance Minister Bill Morneau said on Wednesday that the country’s expensive housing market is a “very real issue” and the government was “looking at all evidence” as it considers whether it needs to move again to tighten mortgage regulations. Noting that the Vancouver market was “very strong” and the Toronto market was “strong … […]
Uncertainty over the EU referendum has driven the biggest fall in the number of people trying to buy a property since the financial crisis and deterred sellers from putting their homes on the market, according to the latest report from surveyors. The fall in buyer inquiries is expected to lead to a drop in […]
Just a few days ago, the Kenya Bankers Association released the House Price Index for the first quarter of 2016. The 1.4 % increase of the index presented reflected an uptick in house prices during the first quarter of 2016, with the movement representing a not very promising future for the country’s most popular sector […]
Brigitte Blackman, a real estate agent in inner Sydney, says her property listings have slumped 20 per cent from a September peak, and the phones at her Potts Point office are no longer ringing off the hook. As Australia barrels towards an election on July 2, political uncertainty is weighing on the nation’s $6.4 trillion […]
