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Italy’s Property Market hotting up for 2017

Last autumn, Italian house sales increased by nearly 17%, following on from a strong performance in the double digits in the first half of 2016. Summer 2016 saw the highest number of completed house sales for four years, a picture that could be seen across the country, not just in the hot spot Tuscany, which […]

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Can the rental market deflate China’s housing bubble?

Apartment blocks in Beijing © Reuters New policies should reduce imperative of homeownership Chinese home prices have climbed so much and so fast that cities like Beijing and Shanghai now rank among the world’s least affordable property markets. The high cost of living has reduced the competitiveness of local economies by making it difficult for young […]

Nairobi built shiny new business districts but not enough tenants have shown up Read more

Nairobi built shiny new business districts but not enough tenants have shown up

The Upper Hill neighborhood in Kenya’s capital Nairobi is set to transform into an upmarket, regional financial hub. Once a residential district, it is now the headquarters of banks, insurance companies, embassies, government ministries thanks to millions of dollars spent on redevelopment. It is also home to The Pinnacle: a 70-story, 300-meter (984 feet) twin […]

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Homebuilders Soar as U.K.’s May Stokes Slowing Property Market

Homebuilders soared in London trading after the U.K. government said it would extendthe Help to Buy program, under which the government lends buyers up to 40 percent of the cost of a new home. The Conservatives, under pressure to increase homebuilding, will set aside 10 billion pounds ($13.3 billion) to help people buy properties, stimulating the […]

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Housing market speeds towards ‘crisis point’ as average price rises £10,000 in a year

House prices in the UK increased by £10,000 in the last year on average, according to official figures, with estate agents warning that affordability of houses is reaching “crisis point”. The average property price in June was £223,257, compared to £214,000 in June 2016, the Office for National Statistics said. On a month-by-month basis, house […]

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Property market eases as buyers take breather

Housing prices in Sydney and Melbourne rebounded more than 2 per cent in June but fell or were flat over the quarter as the cities’ five-year bull market slowly runs out of steam. In other capital cities, housing prices were patchy with the ­exception of the long-depressed Perth market where values rose 1.3 per cent […]

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Estate agents say election is chilling UK housing market

The UK’s snap general election has chilled the housing market, according to a survey of estate agents and surveyors. House sales fell in May for the second month running, according to a monthly survey by the Royal Institute for Chartered Surveyors, and 8 per cent more respondents reported falling rather than rising sales. Many of the […]