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Dubai house prices plummet 11% in 2015, rents hold up, says Asteco

Average Dubai property prices fell by 11 percent last year while average rental rates saw only a slight dip of 1 percent, according to a new analysis. Real estate consultancy Asteco’s latest market report for the emirate said residential sales registered across-the-board declines, with villa prices down 11 percent year-on-year and apartment prices down 8 […]

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Kenya:Knight Frank too expects Nairobi rents to stagnate

Knight Frank has joined property players reporting stagnation of rents in top market segments.The Knight Frank Prime Global Rental Index shows rent for Nairobi’s high-end property market did not increase between March and September of 2015 as a result of increased supply. “The high-end rental market was relatively slow in the period due to a […]

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Houston: Drop in property values gives city bigger fiscal headache

As if nosediving sales tax revenues and a looming budget deficit were not enough, a swathe of successful lawsuits from business owners protesting their property values have handed Houston City Council another fiscal headache. Mayor Sylvester Turner lamented what his finance director projects as a $16 million drop in property tax collections during the current […]

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Buy to rent investment strategy

For many people, buy-to-let looks an attractive income investment but if you are considering investing in property – or improving your returns on a buy-to-let that you already own – it’s important to do things right. People buy property for different reasons. Those who want to create a steady income and build wealth are focused […]

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Greece: House prices set to fall further

Property prices in Greece may have plunged in recent years, but a comparison with other crisis-riven countries in the eurozone suggests that the market has some distance to slide yet before it bottoms out. Data from the World Bank, the International Monetary Fund and the SNL Financial property service company show that compared to other […]

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Housing market ends 2015 with a bang with property prices up by an annual 6.4% in December

The housing market ended 2015 with a bang as property prices rose at the fastest pace since January last year, official figures show. The biggest rises were recorded in commuting towns within reach of London as homebuyers increasingly search for more affordable housing outside the capital, according to the latest figures by the Land of Registry. […]