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UK:Buy-to-let surge ‘raising house prices’

Surveyors are witnessing a surge of demand from buy-to-let investors which they expect to push up house prices. Buy-to-let investors face a 3% surcharge on stamp duty from April. The Royal Institution for Chartered Surveyors (Rics) said the number of homes coming onto the market was insufficient to meet demand from landlords aiming to beat […]

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Turkey foreign property demand ‘to rise 6% in 2016’

Foreign real estate sales in Turkey are set to rise by up to 6% in 2016, a leading property body predicts. In the first 11 months of 2015, 22,830 homes were purchased by foreign buyers according to TurkStat and the Istanbul Constructors Association believes total foreign investments in real estate could hit $5.5billion for 2015. […]

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Uganda: Real Estate Sector to Rebound

The real estate sector is expected to soar to great heights this year as players aim at providing affordable middle-class accommodation, according to a statement from property portal, Lamudi Uganda. One of the factors that could spur the sector’s fortune this year is the country’s rapid population growth, which has created demand for infrastructure and […]

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New Zealand : Auckland house prices dip

Property market posts first monthly fall in more than a year, while homeowners refinance. Off-the-plan homes and small properties such as townhouses and apartments are in hot demand across Auckland as entry-level buyers target more affordable options. But latest QV figures show the city’s house values have posted the first month-on-month fall in over a […]

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8 predictions for the New York real estate market in 2016

Many new condo developments that launched sales over the past few years will begin to see closings, new rental buildings will continue to hit the market in both Brooklyn and Manhattan, and progress in their lease-ups, and a shifting macro-economic climate — from interest rate hikes to stock market jitters — will have an effect […]