Last year is one that economists around the world will remember for a long time. It was the year English Point Marina apartments in Nyali, Mombasa. According to the latest data released by the Kenya National Bureau of Statistics, the real estate sector’s year-on-year growth at the end of third quarter of 2015 was 5.4 […]
Property developers sold 322 new private residential units in January, down from 384 in December, according to data released by the Urban Redevelopment Authority SINGAPORE: Sales of private homes fell 16 per cent in January from the previous month as developers scaled back property launches. Excluding executive condominiums (ECs), developers sold 322 new units last month, down from […]
VICTORIA — British Columbia introduced tax changes in its provincial budget Tuesday to help buyers and builders of new homes valued up to $750,000, while targeting people able to afford properties priced above $2 million. Housing policy experts and the NDP panned the tax measures as inadequate, saying bolder action was needed to help young […]
Turnover of Irish residential property is barely 50 per cent of what is considered “normal” in a healthy housing market. According to GeoDirectory, the State’s largest property database, there were just 43,428 residential property transactions last year from a total housing stock of more than two million. This equates to a national turnover rate of […]
In a new book, economist Elli Kraizberg tears down conventional wisdom and reveals 90 factors that really explain why prices are soaring . “Real estate accounts for 19% of gross domestic product directly and another 13% indirectly. Real estate accounts for not less than 40% of the public’s total wealth. It is unlikely that you […]
Real estate adviser Savills reveals London and the south east average loan-to-value ratios have been boosted by property price increases. According to the research, British mortgaged owner occupiers have an average outstanding loan-to-value of 48 per cent, but this ranges from 39 per cent in London to 60 per cent in the North East of […]
No, cooling measures will not be lifted. Property prices will continue to drop while mortgage rates rise this year. Here are five trends that both property buyers and sellers must watch out for as the Year of the Monkey comes rolling in. 1. Cooling measures are here to stay. Although developers have intensified their call for […]
The Bank of Japan’s adoption of negative interest rates two weeks ago hasn’t provided a lasting boost to stock investors or weakened the currency, but it has spurred some optimism for the housing market. With interest rates and bond yields dropping to record lows due to the BOJ’s decision, the Japanese people are starting to […]
A controversial sales technique called “shadow flipping” allows realtors to score two or even three times their standard commission on a single house by reassigning the sale to different owners at ever higher prices. But it’s a practice that has left the original sellers feeling scammed. How does it work? An increasing number of real estate […]
Foreign real estate sales in Turkey are set to rise by up to 6% in 2016, a leading property body predicts. In the first 11 months of 2015, 22,830 homes were purchased by foreign buyers according to TurkStat and the Istanbul Constructors Association believes total foreign investments in real estate could hit $5.5billion for 2015. […]
