Bloomberg London’s housing market is in its worst slump since the depths of the financial crisis eight years ago, part of a broader slowdown that may continue. The Royal Institution of Chartered Surveyors said its price balance for the city fell to the lowest since February 2009 last month. It declined to minus 49, indicating that a greater percentage ...
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Damac unveils Kenda Villas at Akoya Oxygen
Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, on Wednesday showcased the new Kenda Villas, a range of extraordinary stone villas in one of Dubai’s most prestigious golf communities. Set in their own private enclave of the international golf community, AKOYA Oxygen, Kenda Villas are available in various sizes and arrangements to ...
Read More »Hong Kong home prices near peak as risks mount
Bloomberg Hong Kong housing prices are close to their peak and economically “unsustainable,†said Cusson Leung, managing director at J.P. Morgan Chase & Co.’s Asia Pacific equity research unit. Price increases in the world’s most expensive home market have outpaced Hong Kong’s gross domestic product growth “significantly†since 2009, and any external shocks could trigger tighter liquidity in the ...
Read More »dar wasl apartments launched in Jumeirah
DUBAI / Emirates Business wasl Properties, the leading property management company and a subsidiary of wasl Asset Management Group, launched its exceptional dar wasl apartments following the release of the villas at the same project last year. The upscale community offers a collection of premium high-quality residences in the heart of Jumeira – one of the most coveted neighbourhoods ...
Read More »Australian regulators too late to tackle home boom
Bloomberg Jonathan Tepper, the founder of a London-based research firm who a year ago warned that Australia had one of the biggest housing bubbles in history, has attacked regulators for acting too late to cool the market as they ignored their own warning signs and were hostile to suggestions property was too expensive, according to the Weekend Australian. The ...
Read More »Bloom Properties to lease 225 residential flats in Abu Dhabi
Abu Dhabi / Emirates Business Bloom Properties, a Bloom Holding subsidiary dedicated to developing sustainable and integrated urban communities, announced the leasing of 225 exclusive upscale residential apartments in Bloom Marina, the premium waterfront destination located in Abu Dhabi’s Marina Al Bateen area. Bloom Residences consists two residential buildings adjacent to future EDITION Hotel, with expansive marina and city ...
Read More »DAMAC Properties awards AED58.4mn contract for villas
Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, recently awarded a contract worth AED 58.4 million for the main structure works of villas at Mulberry cluster in AKOYA Oxygen, a 55-million-square-foot lush green development in Dubailand. The main structure works contract has been awarded to Towers Technology Contracting Co LLC – Dubai. ...
Read More »Aussie millennials have second lowest home ownership level
Bloomberg Australian millennials have the second-lowest level of home ownership for their peer group, an HSBC Holdings Plc survey found, just ahead of an oil-rich absolute monarchy. Only 28 percent of Australians aged between 19 and 36 own a home, the survey of more than 9,000 people in nine countries showed. That was well below France on 41 percent ...
Read More »Australia regulators may increase lending curbs amid home boom
Bloomberg Australian regulators may take further steps to rein in mortgage lending amid growing concern booming home prices pose a risk to the financial system. Restrictions on interest-only loans announced last week were a “tactical response†to growth in lending to property investors, Australian Prudential Regulation Authority Chairman Wayne Byres said in a speech in Sydney on Wednesday. The ...
Read More »Toronto home prices jump 33% in March as market tightens
Bloomberg Toronto’s residential housing market showed no signs of cooling last month, with the average sale price soaring a record 33 percent from a year ago, pushing the cost of a detached home in the heart of the city to almost C$1.6 million ($1.2 million). In Toronto and surrounding suburbs prices climbed by a third in every major housing ...
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