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‘Dubai: Land Department’ Will Introduce New System In Ranking ‘Real Estate Brokers’

Dubai Land Department will introduce a new system in ranking its real estate brokers. The property brokers will mainly being ranked based on its performance. The National AE says that the the director of real estate licensing Ali Abdulla Al Ali revealed during the Cityscape Global conference that this new system in ranking real estate brokers […]

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Kenyan shilling loses more ground, close to all-time low

NAIROBI (Reuters) – Kenya’s shilling weakened close to its all-time low in early trading on Tuesday, weighed down by corporate dollar demand and the U.S. currency’s strength on global markets, traders said. At 0722 GMT, the shilling traded at 106.60/70 close to the low of about 107, compared with 106.15/35 on Monday’s close. “There is […]

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Lower Australia dollar to inflate Sydney, Melbourne property prices

The lower Australian dollar makes property cheaper for foreign buyers and could increase the bubble prices being paid for apartments in areas of Sydney and Melbourne. The dollar sank below US70¢ on Wednesday, for the first time since April 2009, and Deutsche Bank chief economist Adam Boyton​ predicts the dollar will keep falling to US60¢ by the end of 2016, and even past […]

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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 […]