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London Homeowners Test the Waters in Brexit-Hit Housing Market

Asking prices for London homes rose this month as owners tested a fragile market before the spring selling season. Values gained 3.4 percent from January to 614,182 pounds ($788,000), property-website Rightmove said in a report published Monday. The seasonal boost still left asking prices in the capital 2.1 percent lower than a year earlier. “It […]

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Greek Property Market Outlook 2019

Due to the Greek economic slump, which began in 2008-2009, Real Estate faced a huge decline. For almost a decade prior to the global financial crisis of 2007–2008, the real estate market and property values increased with an impressive ratio. The main reason for this incredible performance of the real estate sector was the unlimited and […]

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Asia’s property markets join the global slump

From Hong Kong to Singapore and Australia, lower house prices and higher mortgage rates are denting consumer confidence Deep in a provincial region of northwestern Turkey, it looks like a mirage – hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle. Meant to provide luxurious accommodations […]

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Greek property market: Homesharing, tourism driving local property market recovery

Hotels are among the properties attracting buying interest. Three-quarters of the estate agencies and property management companies surveyed in Attica reported strong interest in tourism-related assets. Property investors are firmly focused on apartments in central Athens and tourism properties such as holiday homes and hotels, according to a National Bank of Greece report. The 200 […]

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Dubai property rents, prices to fall further over next 12 months – JLL

New report says developers are focused on the sale of existing inventories in Dubai by offering increasingly generous payment plans to investors Despite the introduction of 10-year residency visas for certain categories of retirees, the residential market has continued to soften. Further declines in Dubai property rents and sale prices are projected over the next […]

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Value of UK property market falls £26.9bn as house prices stagnate

Britain’s housing market is now worth a combined £8.2 trillion, according to Zoopla CREDIT: JASON ALDEN/BLOOMBERG  The value of Britain’s housing market has fallen by £26.9bn, or 0.33pc, since the start of the year, as growth in the North East and Wales has failed to counteract falling prices in many other regions across the country. The nation’s homes decreased […]

Nairobi built shiny new business districts but not enough tenants have shown up Read more

Nairobi built shiny new business districts but not enough tenants have shown up

The Upper Hill neighborhood in Kenya’s capital Nairobi is set to transform into an upmarket, regional financial hub. Once a residential district, it is now the headquarters of banks, insurance companies, embassies, government ministries thanks to millions of dollars spent on redevelopment. It is also home to The Pinnacle: a 70-story, 300-meter (984 feet) twin […]

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Although numbers do not lie, sometimes the market trend is not as crystal clear. Reading the latest available reports on Kenyan economy and the real estate sector, I really find it hard to get a clear position on the status of the market trend. The reason is that it’s towards the end of 2016, and […]

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The Greek real estate market – 2016

The Greek housing market will recover at a slower pace than the Greek economy unless measures to boost demand and reduce oversupply are taken   2016 The Greek housing market collapsed from 2009 onwards, mainly driven by the drop of GDP per capita, the shrinkage of residential lending and the rise in taxation, dragging investments and […]