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British Land shows recovery in property values

The value of British Land’s portfolio has recovered after slumping last year, indicating that confidence is beginning to return to the UK property market. The property company, which is the second largest in the UK, said its net asset value per share, the preferred measure of performance used by property companies, had dipped 0.4pc to […]

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The darkening shadows over the UK commercial property market

Big commercial property groups seem to be getting cagey about prospects for the UK property market. Some of that’s overblown worry due to Brexit. But there are also some more substantive concerns that are definitely worth paying attention to. Meanwhile, even as the professionals get jittery, local councils are piling into the property market like […]

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Tight supply, higher prices weigh on U.S. home sales

U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. The National Association of Realtors said on Wednesday existing home sales declined 3.7 percent to a seasonally adjusted annual rate of 5.48 million units last month after hitting […]

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What’s hot in Dubai’s housing sales market?

A look into the sales performance of off-plan and completed properties The Dubai Land Department (DLD) recently announced that the value of real estate transactions in the first 45 days of the year hit Dh42 billion, nearly half of last year’s Dh91 billion. An interesting feature of recent residential transactions has been the increasing number […]

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UK average annual rents fall for first time in six years

Buying frenzy ahead of 2016 stamp duty hike pushed up supply of new homes for letting by 10%, Countrywide figures show Rents in Britain have recorded their first annual drop for six years, according to the UK’s biggest estate and lettings agency. In February, the average rent in Britain was £921 a month, £5 lower […]

Market expectations 2017: It is time to act Read more

Market expectations 2017: It is time to act

For several months now, people have been speculating as to what is going to happen during the year 2017. Despite the different opinions, everybody agrees that this year is full of challenges. The period of speculating has finished and now we are living the reality. Since the beginning of the year the news about the […]

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Dubai’s property market is in for another tough year

Dubai: The UAE’s real estate sector is in for another difficult year according to the credit rating agency S&P, a sentiment which goes counter to the majority view among real estate consultancies that market sentiments are improving. S&P builds its case around the fact residential prices and rents in Dubai will decline by “another 5-10 […]

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Softening housing market slows London office conversions

Developers are pulling back from converting central London offices into homes as the housing market in the capital slows.   Conversions of central London offices into homes under contentious “permitted development rights” have slumped in the past year, while withdrawals of such applications have increased sharply, according to figures from Colliers International, a property agency. […]

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Kenya : Will 2017 Fair Any Better?

The world witnessed changes, unexpected overthrows, the Brexit referendum, the US elections, wars, terrorism, signs of instability in Europe, a wind of change for the Asian markets and Africa tried to overcome challenges amid a global storm in the year 2016. For many analysts, this was a preparatory period, a rehearsal before what is expected […]