Here’s how international markets are reacting. Images: Getty More Australia has shut down auctions and open houses, significantly impacting the number of homes hitting the market. Beyond that, however, it’s too early to know just what impact the Covid-19 pandemic has had on house prices. The most recent figures show Australian property values rising 0.7 per […]
Last week, New Zealand started lifting its lockdown restrictions, kickstarting its frozen housing market. Transactions that were on hold are now completing (or “settling”, as it’s known), and buyers can view homes. Its property market is very similar to Britain’s, which could soon be thawing as we come out of lockdown. So can New Zealand show us the future […]
Coronavirus hits the market just as it started to recover from slowdown after 2016 Brexit vote The UK housing market has come to a sudden halt, with sales expectations dropping to their lowest level in more than 20 years after estate agents closed their doors in the nationwide coronavirus lockdown. The score for sales expectations […]
The Greek housing market has doubtlessly slowed down this year, with the sale price growth rate declining for six consecutive months. Based on data from the first quarter of 2020, the slowdown marks are clear, as most areas observed a lower pace of price growth compared to the fourth quarter of last year. Across Greece prices grew at an annual […]
According to Property Finder, the total is the highest number of sales transactions recorded in Q1 in Dubai since 2017 Property Finder said mortgage registrations this year are consistently higher than 2019 on a weekly basis. Dubai saw a total of 10,243 real estate transactions, in Q1 2020, a 9.74 percent increase compared to Q1 […]
As Britain enters the most serious phase yet in its fight to tackle the coronavirus crisis, the traditional “spring selling season” in the housing market has been all but forgotten. The government’s crisis measures to limit the spread of Covid-19 mean estate agents, prospective buyers and surveyors are barred from making home visits — bringing the […]
JLL head of research Dana Salbak said that the tenants should ‘definitely’ push for lease negotiations in 2020 The JLL data shows that “primary” areas – such as Downtown Dubai and Dubai Marina – saw further declines but continued to perform above average, while secondary locations, such as Motor City, JVT and JVC, saw steeper […]
By MARGARET NJUGUNAH, NAIROBI, Kenya, Feb 3 – House prices maintained a downward trend in the fourth quarter of 2019, according to the Kenya Bankers Association House Price Index (KBA-HPI). The report attributed the performance to an overall slowdown in the performance of the economy, which in turn tightened disposable income growth among potential home buyers. During the period under review, house […]
Halifax shows rate of growth at 4.1%, partly due to sales delayed amid 2019 uncertainty UK house prices are rising at their fastest annual rate for nearly two years, according to Halifax, prompting claims that the property market is heading into the crucial spring season in reasonable shape. Halifax said house prices rose by 0.4% in […]
Paris will have the hottest luxury housing market in 2020, according to Knight Frank. Global consultancy firm Knight Frank forecasted how the world’s top-tier luxury real-estate markets will perform in 2020. Paris will be the world’s hottest luxury housing market in 2020, with prices expected to grow by 7%, according to the report. High-end real-estate in the French […]
