Read more

Sydney housing market fourth on global bubble index

Sydney has the fourth riskiest housing market in the world after surging in value over the last three years, according to a bank report.   The report, the UBS Global Real Estate Bubble Index, said housing markets in major cities around the world are overheating just a few years after the global financial crisis saw […]

Read more

Australia six weeks from a housing collapse, US report warns

AUSTRALIA has roughly “six weeks” to prevent a housing market collapse caused by the banks’ crackdown on foreign investor lending, a US defence think tank has warned. In an article titled “Australia Risks Strategic Setback From a Significant Foreign Direct Investment Drop Due to Changes in Bank Policies”, the Washington-based International Strategic Studies Association warns […]

Read more

London Bears the Brunt as Brexit Divides U.K. Housing Market

Brexit is having an uneven impact on the U.K. housing market, with pro-Remain areas such as London taking the brunt of falling confidence, according to estate-agency chain Haart. Using data on registrations, sales and listing across 20 local branches, it found that regions that supported Britain exiting the European Union have seen more buoyant property-market […]

Read more

Dubai property market ‘remains solid’, says Damac chairman

Damac Properties chairman said the property market in Dubai “remains solid”, with healthy interest in its growing portfolio of luxury villas and apartments. Hussain Sajwani, chairman of Damac Properties, speaking after the developer announced a 37 percent drop in its quarterly net profit – $241.4 million for the three months to June 30 – said […]

Read more

Buy It With Cash, Mortgage It Later

Anthony Corbisiero wanted a quick sale on his studio pied-à-terre in West Chelsea, as he planned to use a portion of the proceeds for his daughter’s looming college expenses. So he and his wife, Julie, who live in Bay Ridge, Brooklyn, were thrilled when three bids emerged within a week. Two were all cash. “The […]