Real Estate

Bloomberg The UK’s booming property market is headed for a slowdown as a squeeze on living standards and rising interest rates sap demand, according to Nationwide Building Society. The average price of a home rises 0.7% in October, the mortgage lender said, even after the ending of a temporary tax cut imposed by the government last year. Economists had expected ...

Bloomberg Real estate investors acquired a record 18% of US homes sold in the third quarter of 2021, wagering $64 billion that home prices and rents will continue to surge. Investors bought more than 90,000 homes in three months through September, up 10% from the prior quarter and 80% from a year earlier, according to a report by Redfin Corp. ...

DUBAI / WAM Emaar Development PJSC, the leading build-to-sell property development business, majority-owned by Emaar Properties, achieved strong performance during the first nine months (January to September) of 2021, with a strong contribution by exceptional inventory sales, and reinforced by recent successful launches creating value for the future. The developer reported its highest ever property sales of AED20.943 billion in ...

SHARJAH / WAM The real estate sector in the emirate of Sharjah has shown significant growth during Q3 2021, as the monetary value of real estate transactions amounted to AED5.7 billion by the end of September, through 16,781 transactions, according to a report issued by the Sharjah Real Estate Registration Department. These numbers marked a growth rate of 22.7 percent ...

Bloomberg A shortage of homes for sale and a buoyant labour market are expected to underpin the UK housing market as consumers come under pressure from soaring inflation and higher interest rates, according to Halifax. The average cost of a home rises 0.9% in October to a record $365,000, the mortgage lender said. That left values 8.1% higher than a ...

Bloomberg Toronto home sales posted their first increase in six months as the end-of-summer holidays finally brought buyers some new supply, though it still wasn’t enough to alleviate a historically tight market or keep prices from continuing their upward march. The number of Toronto homes changing hands climbed a seasonally adjusted 0.7% in September, the first rise from one month ...

Abu Dhabi / WAM The Department of Municipalities and Transport (DMT) has announced that the 2021 first-half report for real estate transactions in Abu Dhabi reached AED23.57 billion. The H1 recorded value was achieved through 7,046 transactions, including transactions and mortgages of land, buildings and real estate units of all kinds. The report showed that the real estate sector in ...

Bloomberg US household net worth surged to a fresh record in the second quarter as Americans enjoyed an ebullient stock market and largest-ever increase in value of their real estate holdings. Household net worth increased by $5.8 trillion, or 4.3%, to $141.7 trillion in the second quarter, a Federal Reserve report showed. The advance included a $3.5 trillion gain in ...

ABU DHABI / WAM Shuaa Capital psc, the leading asset management and investment banking platform in the region, on Monday announced its intention to complete and deliver ₤2 billion worth of property projects in London through its wholly-owned subsidiary Northacre. Northacre is currently focused on completing its two key projects: No.1 Palace Street and The Broadway, both of which are ...

DUBAI / WAM Dubai’s real estate market is witnessing continuous growth and increased investment attractiveness on the cusp of the largest international event in the region, Expo 2020 Dubai. According to the 18th edition of Mo’asher, Dubai’s official sales price index, launched by Dubai Land Department (DLD) in cooperation with Property Finder, August 2021 is the second-highest month since December ...