Real Estate

Bloomberg UK house price growth rises to a six-year high in December, rounding off a strong 2020 for the market that defied a wider economic downturn. Values climbed 7.3% from a year earlier to an average of 230,920 pounds ($312,800), Nationwide Building Society said on Wednesday. They increased 0.8% from a month earlier. The housing market has boomed in 2020 ...

Bloomberg A measure of home prices in 20 US cities rose in October by the most since 2014 as ultra-low mortgage rates and increased buyer appetite for more space depleted housing inventory. The S&P CoreLogic Case-Shiller index of property values climbed 7.95% from the same month the previous year, data showed. The median forecast in a Bloomberg survey of economists ...

Bloomberg UK home prices could slump as much as 5% next year as unemployment rises and government incentives end, according to mortgage lender Halifax. House prices surged the most since 2016 this year as demand for more space, state support for wages and a temporary reduction in a property transaction tax offset the economic damage from the Covid-19 pandemic. That ...

Bloomberg The surge in UK property prices will persist into next year as housing needs outweigh economic uncertainty, according to Rightmove. It predicts asking prices will climb 4% in 2021 as this year’s unprecedented demand spills into the coming months. Currently there is a logjam of 650,000 properties in the market, with prices up 6.6% compared to this time last ...

DUBAI / WAM Dubai’s real estate sector represents one of the main economic sectors in economic growth, and it actively contributes to the growth of its economy. Over the past years, the emirate has achieved record rates of economic growth driven by the economic initiatives and packages that the Dubai Government is undertaking to raise economic growth and stimulate various ...

Dubai / WAM Dubai Land Department (DLD) announced that the first virtual edition of the International Property Show (IPS) in partnership with Invest in Dubai Real Estate (IIDRE) is set to welcome a diverse international audience and bring the global real estate community together, through the IIDRE programme, from November 11-20. As one of the highlights of the 10-day virtual ...

Manama / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, on Monday announced that it has acquired 32 industrial properties totaling approximately 3.5 million square feet across four major US markets for a total capitalisation of over $280 million. According to the company’s press release, the properties grow Investcorp’s wider US industrial real ...

Bloomberg Wealthy buyers of mansions and penthouse apartments in London are finding that the pandemic isn’t throwing bargains their way. Luxury homes that changed hands for more than $13 million in the second quarter sold at an average 95% of their asking prices, according to latest data from broker Knight Frank. That was the smallest discount since the end of ...

Dubai / WAM Union Properties announced on Tuesday its financial results for the three-month period ended on September 30, with a net profit of AED509.2 million (approximately 12 fils per share), while the profit for the nine-month period of the current year reached to AED348.8 million (approximately 8 fils per share). With these realised profits, the group has cleared all ...

Bloomberg UK house prices rise at their strongest annual pace since 2016 last month as Britons’ changing work patterns and a tax reduction on purchases fanned a resurgence. Average house prices rise 7.3% in September from a year earlier to a record average of 249,870 pounds ($323,000), mortgage lender Halifax said on Wednesday. On the month alone, prices gained 1.6 ...