Real Estate

Dubai / Emirates Business Dubai Land Department (DLD) will organise Dubai Property Show (DPS) – Mumbai and Luxury Property Show (LPS) – Shanghai, where the former will be held from December 7-10 in Bandra Kurla Complex in Mumbai, India, and the latter on December 7 – 9 in the Shanghai Exhibition Centre in Shanghai, China. HE Majida Ali Rashid, CEO ...

Bloomberg London’s decade-long housing boom may have been cooled by Brexit, but the property market in the rest of the UK is largely shrugging it off. While home prices in the capital have risen only 1.7 percent since the June 2016 vote, those in Birmingham, Britain’s second-biggest city, have jumped almost 15 percent, according to Hometrack. Manchester is close behind ...

Bloomberg Hong Kong’s housing market is suffering its worst declines since 2016 — by multiple measures. New-home sales this month are on track to be the lowest by volume since January or February of that year, according to Midland Realty data. Meanwhile, used-home prices have fallen for eight weeks, the longest losing streak since 2016, according to the Centa-City Leading ...

Bloomberg London’s biggest office landlords face an unprecedented situation: a political fork in the road that could send the real estate market in polar opposite directions. Developers such as Land Securities Group Plc, British Land Co and Great Portland Estates Plc bet on the way the market will look years in the future when they green light plans to buy ...

Bloomberg Sales of previously owned US homes rose in October for the first time in seven months, suggesting demand is stabilising at a lower level as available properties become less scarce. Contract closings increased from the prior month to an annual rate of 5.22 million, the National Association of Realtors said. That compared with economists’ projections for sales of 5.2 ...

Dubai / WAM The Dubai Land Department (DLD), the main sponsor of “RecExpo 2018,” has organised the fourth edition of the event in the capital of Azerbaijan, Baku. The three-day event complements the local economy in Azerbaijan and the growing demand for foreign investment. The RecExpo is considered the only international real estate exhibition to be held in Azerbaijan, witnessing ...

Bloomberg Discounts on London homes are creeping out further from the center as prices remain out of reach for many people and uncertainty surrounding Brexit starts to damp demand for homes in the capital’s cheaper neighbourhoods. “Vendors in outer boroughs are catching up and becoming more realistic about pricing,” said Simon Rubinsohn, chief economist at the Royal Institution of Chartered ...

Bloomberg Confidence among US homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrain demand, adding to signs of a cooling housing market that will weigh on the Federal Reserve’s debate over how far to raise interest rates. The National Association of Home Builders/Wells Fargo Housing Market Index dropped eight points in November to ...

Bloomberg London’s stock of completed but unsold homes has surged by almost half this year as Brexit uncertainty and affordability issues dog the housing market. The number in the capital jumped to 2,374 units as of September 30, the most on record and up from 1,595 at the end of 2017, according to data compiled by Molior London. The borough ...

Bloomberg UK asking prices fell from a year earlier for the first time since 2011, led by declines in London and among the most expensive properties. Asking prices slipped 0.2 percent to 302,023 pounds ($387,000), according to Rightmove. Prices were 1.7 percent lower compared with October, the biggest drop for the month since 2012, the property website said on Monday. ...