Two months ago, Pierre E. Debbas, a partner at the boutique law firm Romer Debbas, was representing a couple buying a Manhattancondominium who wanted the option to back out of the deal if Donald J. Trump won the election. After Mr. Debbas explained that no seller would agree to such a contingency, they signed the […]
Cheap mortgages were never going to last forever, but few expected this. A spike in Treasury yields since last week’s election has had a rapid impact on home lending rates. The average 30-year fixed-mortgage rate was 4.02% on Tuesday, up nearly half a percentage point since the election, according to Mortgage News Daily. That marks the fastest […]
DONALD Trump’s victory as the President-elect of the United States will drive more foreign investors to the safehaven of the Australian property market. REA Group chief economist Nerida Conisbee said the uncertainty that came with the Trump victory meant people were likely to look to markets such as Australia. “Australia will be a beneficiary of […]
London property prices are set to fall next year as uncertainty about Britain’s exit from the European Union damps the U.K. housing market, according to the Centre for Economics and Business Research. London, and especially the priciest areas of the capital’s housing market, will be most affected, with prices dropping 5.6 percent in 2017, according […]
The “China property bubble” has come back to a headline-making theme but a quick look at the data uncovers a more nuanced picture, and how this time might be a bit different. Source: Analysis by Real Estate Foresight, based on data from SouFun-CREIS The chart above illustrates the cyclicality of the housing markets, with an […]
HONG KONG (Reuters) – A wave of restrictions imposed on housing markets in major Chinese cities last week have unnerved some buyers and developers, cutting the area of new homes sold in places such as Beijing and Shenzhen by more than half. More than 20 cities have imposed measures, including higher mortgage downpayments, to cool […]
All the obstacles facing Singapore’s property market might not be cleared, but one dark cloud over the luxury end has disappeared, analysts said. Singapore’s extremely-high-end properties are now cheap compared with similar luxury properties in other major capital cities, according to Brandon Lee, a property analyst at JPMorgan in Singapore. After a 15-25 percent drop […]
Bank of England says approvals in August were at lowest level since November 2014, but unsecured borrowing continues to rise. The number of mortgages being approved fell in August, figures show, in the latest sign that the housing market has cooled since the Brexit vote. The Bank of England said mortgage approvals, seen by economists […]
When it comes to overpriced real estate, Vancouver’s “bubble risk” is unmatched on the planet, according to a report by Swiss bank UBS. The rise in Vancouver’s average housing prices compared with the growth in average wages, rents and other economic factors make it the most likely to experience a sudden downward correction compared with 17 other large cities […]
Sydney has the fourth riskiest housing market in the world after surging in value over the last three years, according to a bank report. The report, the UBS Global Real Estate Bubble Index, said housing markets in major cities around the world are overheating just a few years after the global financial crisis saw […]
