Taylor Scott International, conducted a property market survey in Nairobi for the first quarter 2015. The company collected a total number of 1792 surveys collected across a range of different venues. The majority of people who participated belong to the middle and upper class .The main objective of this survey was to identify property ownership […]
Faced with predictions that Dubai home prices may drop as much as 20 percent this year, analysts say the emirate’s real estate developers and lenders are better prepared than when a crash in 2008 brought the city to the brink of bankruptcy. Standard & Poor’s this week estimated that values may fall by as much […]
Beginning of this month, the Monetary Policy Committee brought their bi-monthly meeting earlier by one month and announced a large increase (almost 20%) of the CBR (central bank rate), from 8.5% to 10%. The main reason for this decision was the need to implement a policy in order to try to stop the country’s […]
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 […]
