The Australian real estate market is in the grip of the biggest housing bubble in the nation’s history and Melbourne will be at the epicentre of an historic “bloodbath” when it bursts, according to two housing economists. A bloodbath in the housing market, however, appears a near certainty due to the magnitude of falls required […]
For reasons I have yet to fully appreciate, there is a lot of confusion about the state of residential real estate in the U.S. Simply by looking at some of the data we can clear up a lot of the muddle. The short explanation is that housing, along with the rest of the economy, has […]
Basic principles of economics say that for any country a widening current account deficit and a rising debt level will eventually herald a weaker currency. The Kenyan economy has been growing for the last years but its account deficit and debt level are growing fast as well. On top of that, the need to support […]
Kenya is a country of big contradictions. Its capital city, Nairobi, consists of an impressive urban environment. Within a few minutes, one can get completely contradictory views of the city. It is a mixture of extreme luxury and extreme poverty. Karen is one of the high end areas of Nairobi but to get there, one […]
Analysts said stronger population growth and higher employment combined with a shortage of housing would drive house prices above £1m by 2030, which is double the current average of £490,000 The average London home will cost more than £1m by 2030, according to new analysis, as strong jobs growth and a chronic housing shortage continues […]
In its report for the first quarter of 2015 released Tuesday, Colliers International said the National Capital Region’s office and industrial markets are showing signs of recovery. Colliers’ survey of 462 office buildings across the region showed an overall vacancy rate of 11.2 per cent, down slightly from 11.3 per cent in the fourth […]
Dubai: All talk of demand for property in Dubai being in terminal decline is greatly exaggerated, industry insiders said on the first day of the International Property Show. “In the first quarter of this year, Damac Properties is looking at somewhere north of Dh2.7 billion in off-plan sales — and that’s similar to what we […]
Every year the demand for housing in Istanbul, the most densely inhabited city in Turkey, grows in line with its continuously expanding population. The rising demand for housing is met by the existing housing stock plus new housing production. Residential property prices in Turkey rose strongly in 2014, gaining more than 16 percent in nominal […]
The Greek property market has been facing a strong recession for five years, and national real estate prices have hit the lowest levels of the last decade. According to Taylor Scott International’s annual report for the year 2014, property values in Greece have dropped over 50% since the onset of the crisis. According market reports, […]
The entry-level housing market may be on the upswing. The pace of new construction is one of many gauges of the state of the current housing market, along with home prices and the volume of sales. Moreover, the kinds of new homes under construction can tell us about the health of the housing recovery. The […]
