Mumbai // The slide in the Indian rupee over the past month is threatening to dampen a recent surge in demand from India for buying homes in Dubai, analysts say. The Indian rupee has fallen sharply against the US dollar, and consequently the dirham, to trade at 18 rupees against the dirham compared to 17.3 […]
The lower Australian dollar makes property cheaper for foreign buyers and could increase the bubble prices being paid for apartments in areas of Sydney and Melbourne. The dollar sank below US70¢ on Wednesday, for the first time since April 2009, and Deutsche Bank chief economist Adam Boyton predicts the dollar will keep falling to US60¢ by the end of 2016, and even past […]
Australia’s big four banks are among the largest and most profitable financial institutions in the world. Despite this, it is mathematically impossible that these banks, primarily focused on domestic retail operations, could be as big and profitable as they currently are without one of the following taking place: either each of these banks, in their […]
Prices have fallen but high deposit required means low risk of crisis. As China’s equity markets cool down and its currency is devalued, attention will return to the question of whether the country’s property market is heading for a fall. In my view, the boom days are over, but with buyers required to put at […]
House prices rose faster in July as demand from buyers picked up, but the number of homes for sale fell to a record low, according to the latest monthly report from surveyors. The number of properties coming on to the market has now fallen for six months in a row, the Royal Institution of Chartered […]
British house prices grew in July at their slowest annual pace since the end of last year but the market is being supported by rising wages and a lack of homes to buy, mortgage lender Halifax said on Thursday. Halifax said the year-on-year rate of growth in the three months to July slowed to 7.9 […]
There’s just no let up in New Zealand house prices, with prices rising at their fastest pace since 2007. Prices rose 10.1 per cent in the three months to July 31 from a year earlier, according to an index by Quotable Value, a government-owned property research company. This was up from a 9.3 per cent […]
House prices in the UK edged up by 0.4% in July, rising to a new high of £195,621, figures from Nationwide show. The society also estimated that homebuyers paid a combined £275m less in tax in the first six months of the year as a result of changes to stamp duty in December. After a […]
House prices in Britain are continuing to rise as a supply shortage squeezes the market, with official figures confirming prices have now surpassed their pre-recession peak to reach an eight-year high. Figures published by the Land Registry reveal the average house price in England and Wales increased in value by 5.4 per cent in June […]
The slump that hit China’s property market this year could hit the country’s banks according to ratings agency Standard & Poor’s, in the latest warning to the world’s second largest economy. While the housing market in China has started to see some recovery of late, with data released at the start of the month showing […]
