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Weak shilling slowing economic growth prospects, says report

Kenya’s economy is staring at a major slowdown on the impact of the weakening shilling, economists at Standard Chartered have forecast, citing falling demand among businesses. No new jobs were created in August in the clearest pointer to the dipping confidence on positive outlook. The predictions are informed by slowing momentum as shown by Kenyan […]

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What will China’s Black Monday mean for the UK?

This was supposed to be the year when normality returned to the global economic landscape. Growth was looking more established and the legacy of the financial crisis was dimming. The US central bank and the Bank of England looked poised to affirm the recovery by finally starting to raise interest rates after keeping them for […]

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The five great myths about the Sydney housing market

With home ownership a fading dream for an increasing number of Australians, it’s time to bust some myths about the housing market. Here are the top five by urban and regional planning and policy experts at the University of Sydney, Professor Peter Phibbs and Professor Nicole Gurran. 1. Affordability issues will be solved by constructing […]

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Australia’s housing market is looking a lot like the US, Ireland and Spain before the global financial crisis.

Australia’s big four banks are among the largest and most profitable financial institutions in the world. Despite this, it is mathematically impossible that these banks, primarily focused on domestic retail operations, could be as big and profitable as they currently are without one of the following taking place: either each of these banks, in their […]

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China:What next? A China housing crash?

Prices have fallen but high deposit required means low risk of crisis. As China’s equity markets cool down and its currency is devalued, attention will return to the question of whether the country’s property market is heading for a fall. In my view, the boom days are over, but with buyers required to put at […]

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NZ house prices rise the most since 2007

There’s just no let up in New Zealand house prices, with prices rising at their fastest pace since 2007. Prices rose 10.1 per cent in the three months to July 31 from a year earlier, according to an index by Quotable Value, a government-owned property research company. This was up from a 9.3 per cent […]