AUSTRALIA has roughly “six weeks” to prevent a housing market collapse caused by the banks’ crackdown on foreign investor lending, a US defence think tank has warned. In an article titled “Australia Risks Strategic Setback From a Significant Foreign Direct Investment Drop Due to Changes in Bank Policies”, the Washington-based International Strategic Studies Association warns […]
Brexit is having an uneven impact on the U.K. housing market, with pro-Remain areas such as London taking the brunt of falling confidence, according to estate-agency chain Haart. Using data on registrations, sales and listing across 20 local branches, it found that regions that supported Britain exiting the European Union have seen more buoyant property-market […]
China’s booming property market is showing further signs of cooling with official data finding another step down in price inflation and more cities reporting price declines in July. In the 70 cities surveyed by the National Bureau of Statistics (NBS), 51 reported price gains in new houses, down from 55 in June and a peak […]
Damac Properties chairman said the property market in Dubai “remains solid”, with healthy interest in its growing portfolio of luxury villas and apartments. Hussain Sajwani, chairman of Damac Properties, speaking after the developer announced a 37 percent drop in its quarterly net profit – $241.4 million for the three months to June 30 – said […]
Property broker JLL has said the UK’s vote to leave the European Union will delay the Dubai housing market’s recovery by six months. After two years of falling house prices, JLL had previously forecast, the residential market in the emirate would start to recover either towards the middle of this year or later. However, with […]
The first real signs of distress in the market for luxury London apartments are starting to emerge, as investors who agreed to buy homes off-plan are starting to sell them on for less than they agreed to pay for them. Property websites are now advertising many unfinished flats being offered for sale by the buyers […]
Investment into UK commercial property slumped to its lowest level in two years and prices for British real estate began to fall during the period right around the country’sreferendum on EU membership. Investors bought £9.8bn of property during the second quarter of 2016, an 18 per cent drop from the previous quarter — when volumes […]
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 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 […]
KUALA LUMPUR, July 8 ― The Malaysian property market is expected to pick up in the second-half of the year with healthy recovery signs shown by the industry. iProperty Group Managing Director and Chief Executive Officer Georg Chnmiel said the local property market looked likely to accelerate again in the second half after players began […]
