Property prices in Greece may have plunged in recent years, but a comparison with other crisis-riven countries in the eurozone suggests that the market has some distance to slide yet before it bottoms out. Data from the World Bank, the International Monetary Fund and the SNL Financial property service company show that compared to other […]
Foreign buyers are not yet returning to the French property market with the latest figures from Notaires showing that numbers have dropped almost threefold in the last decade. Overseas buyers made up just 1% of property sales in 2015 compared to the peak of 2.8% in 2006, just before the global economic crisis. This number […]
The housing market ended 2015 with a bang as property prices rose at the fastest pace since January last year, official figures show. The biggest rises were recorded in commuting towns within reach of London as homebuyers increasingly search for more affordable housing outside the capital, according to the latest figures by the Land of Registry. […]
Dubai’s property market is predicted to have a tough year in 2016 as oil prices weigh on the market The managing director of Dubai-based property developer Damac has said he is ready “go on TV naked and resign” if the Dubai real estate market crashes as predicted. Ziad El Chaar made the comments when speaking […]
Indication that the property business in Nigeria would still be lucrative despite wobbling economic indices is still high giving the pass mark it received from Mr. Herbert Chapel, a property business expert from the United Kingdom. Chapel, who is in Nigeria to develop his property business, said that research has shown that Nigeria is the […]
By Vincent Achuka The shocking admission last week by the real estate industry that the housing sector has finally been hit by a glut has raised fears about whether one of the country’s four key drivers of economic growth is driven by demand as previously thought, or through illegal money. Experts have time and again […]
Melbourne is now officially home to the hottest capital city housing market in Australia. According to the latest CoreLogic RP Data capital city house price index, residential property prices in Australia’s second largest city rose by 11.0% in the 12 months to January, displacing the mantle Sydney has held for much of the past three […]
SINGAPORE (BLOOMBERG) – Singapore’s office landlords are among the world’s most luckless right now, and they have builders to blame. The market already has an empty feel to it, and as developers add more space in a slowing economy, property owners’ misery could keep compounding. Over the past year, the city’s three big office real […]
Property prices in the Pilbara town of Karratha have halved to their lowest level in 11 years as the mining town suffers a double blow from falling iron ore and oil prices. Desperate sellers are slashing asking prices by more than $100,000 and some homeowners have been left nursing losses of nearly $300,000 on properties […]
Expectations around rising Auckland house prices have plummeted due to new housing measures introduced last year, ASB says. The rest of New Zealand has also experienced a decline in net price rise expectations, surprising the bank’s economists, especially with interest rates so low. ASB’s housing confidence survey for the three months to January shows 54 per […]
