The real estate sector is expected to soar to great heights this year as players aim at providing affordable middle-class accommodation, according to a statement from property portal, Lamudi Uganda. One of the factors that could spur the sector’s fortune this year is the country’s rapid population growth, which has created demand for infrastructure and […]
Property market posts first monthly fall in more than a year, while homeowners refinance. Off-the-plan homes and small properties such as townhouses and apartments are in hot demand across Auckland as entry-level buyers target more affordable options. But latest QV figures show the city’s house values have posted the first month-on-month fall in over a […]
The number of property transactions in the nation has tumbled, rents have been muted and inflation expectations have waned — all of which has prompted a growing number of analysts and economists to turn bearish on property prices, which have been recovering since Prime Minister Shinzo Abe came to power in 2012. Deutsche Bank AG’s […]
A number of historic buildings have attracted foreign investments in business capital Milan on the strength of low rates, international liquidity and structural reforms on the way in Italy. The Palazzo Turati, recently used as a conference center, will be reportedly sold to Sofaz for 97 million euros (more than 105 million U.S. dollars) in […]
Many new condo developments that launched sales over the past few years will begin to see closings, new rental buildings will continue to hit the market in both Brooklyn and Manhattan, and progress in their lease-ups, and a shifting macro-economic climate — from interest rate hikes to stock market jitters — will have an effect […]
Average Dubai property prices fell by 11 percent last year while average rental rates saw only a slight dip of 1 percent, according to a new analysis. Real estate consultancy Asteco’s latest market report for the emirate said residential sales registered across-the-board declines, with villa prices down 11 percent year-on-year and apartment prices down 8 […]
House price growth has hit a 17 month-high, as the supply of new properties being put up for sale tightens. UK house prices rose 9.7pc in the year to January, up from 9.5pc a month earlier, according to the Halifax. This is the biggest jump since in July 2014, when prices rose by more than […]
According to PwC’s Emerging Trends in Real Estate report for Europe in 2016, the five leading cities for investment prospects in 2016 are Berlin at No 1, followed by Hamburg, Dublin, Madrid and Copenhagen. The German capital is being tipped for this year “based on its young population and its growing reputation as a technology […]
Knight Frank has joined property players reporting stagnation of rents in top market segments.The Knight Frank Prime Global Rental Index shows rent for Nairobi’s high-end property market did not increase between March and September of 2015 as a result of increased supply. “The high-end rental market was relatively slow in the period due to a […]
As if nosediving sales tax revenues and a looming budget deficit were not enough, a swathe of successful lawsuits from business owners protesting their property values have handed Houston City Council another fiscal headache. Mayor Sylvester Turner lamented what his finance director projects as a $16 million drop in property tax collections during the current […]
