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Sydney posts strongest growth in 31 years

Sydney’s housing market is on track to recoup the 15 per cent loss in prices suffered during the 18-month downturn early next year and reach a new record high by March. Property prices in the harbour city surged 2.7 per cent in November, the highest monthly growth rate since 1988, while Melbourne property values grew […]

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Singapore property market faces risks from unsold units, uncertain economy: MAS

SINGAPORE: Singapore’s property market faces “potential downside risks” from a large supply of unsold units in the medium term and an uncertain economy, said the Monetary Authority of Singapore (MAS) on Thursday (Nov 28). In its annual Financial Stability Review, the central bank urged prospective buyers, especially households that are highly-leveraged, to be mindful of […]

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UK house prices rise despite uncertainty over Brexit and election

UK house prices rebounded in November despite continued uncertainty around the outcome of Brexit and the upcoming general election, according to Britain’s biggest mortgage lender. The average price of a home rose 1% to £234,625 last month, Halifax said, marking the largest monthly rise since February. It signals a slight recovery after two months of declines and […]

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NY property buying rules get bent in ‘scary’ market

New York developers have taken the rare step of easing down payments for residential properties to entice buyers in a sluggish market. The hard-and-fast rule for those hoping to own a New York City apartment was that they must come up with 20 per cent of the purchase price in cash, a formidable barrier to […]

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Brexit bargains: London’s luxury homes take big price cuts

Wealthy buyers are benefiting from political uncertainty — especially if they are paying in dollars Five-bedroom house in Belgravia has cut its original asking price by £1m to £8.95m Aleksandra Wisniewska  For the Financial Times  OCTOBER 24 2019 Brexit uncertainty hangs over London’s luxury property market like a fog. Since the referendum in June 2016, […]

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Firm woos Kenyans to put money in Greece real estate

SUMMARY Property consulting and engineering services firm Avakon Kenya has stepped up its efforts to have Kenyans invest in Greece’s real estate through the European nation’s residence-by-investment programme. Avakon Kenya’s managi ng partner, Kosta Kioleoglou, said Greece’s Golden Visa Programme, which provides access across Europe with a minimum investment in property of €250,000, is one […]