Real Estate

Bloomberg The UK housing market will cool this year as uncertainty around Brexit hits the economy, according to PricewaterhouseCoopers LLP. Home-price inflation will slow to 3.7 percent from 7 percent in 2016, and London will be the most severely impacted, PwC said in a report published Tuesday. The changes reflect the wider economic picture as inflation and Brexit take their ...

Bloomberg London home starts rose to the highest in 18 months even as the number of unsold properties under construction climbed amid uncertainty surrounding Brexit. Construction began on 6,962 units during the second quarter, according to a report by Molior London seen by Bloomberg News. That’s 42 percent higher than a year earlier and the most since the fourth quarter ...

ABU DHABI / WAM Aldar Properties is on track to hand over its Ansam project on Yas Island during the fourth quarter of 2017, while making strong progress across a number of other developments in key destinations. Situated on the west side of Yas Island, construction of the Andalusian-style apartment development, Ansam, is entering its final stages. Building facade works ...

Dubai/ Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager of renowned destinations across the emirate, announced the launch of sale of new units in the next phase of the Remraam community development, strategically located within Dubailand, at an attractive price starting from AED448,000. The off-plan units, comprising one and two- bedroom apartments, will be ...

Bloomberg First it was the collapsing oil price. Now it’s Britain’s quest to leave the European Union. There’s little respite for the country’s worst-performing property market. Home prices in Aberdeen, Britain’s oil hub on Scotland’s northeast coast, have fallen more than 10 percent over the past three years as the North Sea energy industry slumped. Now it’s the political backdrop ...

Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager of renowned destinations across the emirate, has announced an investment of AED10 million for planned enhancements in the popular Remraam community, strategically located in Dubailand. Dubai Properties has awarded the contract to build 450 new free visitor parking spaces within the community to Gulf ...

Bloomberg Manhattan homebuyers found deals they couldn’t refuse in the second quarter, driving up sales of previously owned properties by the most in more than two years. Purchases of resale homes jumped 16 percent from a year earlier to 2,597, according to a report by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. Buyer interest was fueled by ...

Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager of renowned destinations across the emirate, announced the release of additional units to the third edition of the Arabella Townhouses (Arabella 3). A strategic decision, prompted by popular demand, now offers buyers and investors another chance to own property in one of the most ...

Bloomberg One of the world’s hottest housing markets is now cooling fast, sparking concern that a bubble is bursting after the rapid price increases over the past years. Average nationwide house prices fell seasonally adjusted 0.7 percent in June, declining for a second month, Real Estate Norway, Eiendomsverdi and Finn.no said on Wednesday in Oslo. Annual nationwide gains slowed to ...

Bloomberg Analysts love them, investors loathe them. Three out of the seven Indonesian stocks which have unanimous buy recommendations from analysts are residential developers and all of them have fallen by at least 16 percent this year. Predictions that lower interest rates in Indonesia and last month’s decision by Standard & Poor’s to raise its sovereign rating to investment grade ...