Dubai Property Market Sentiment Worse Than Last Year The Core Savills reveals that there were misconceptions about oversupply in the emirate but rents could continue to soften. Only about 33% of people in Dubai believe the Emirate’s property market has shown signs of recovery, indicating worse sentiment than last year, according to a survey by […]
Rents Decline for Every Apartment Size in Manhattan Rents fell last month for Manhattan apartments of all sizes, the 1st across-the-board price decline in at least 4 years, as a construction boom brought more buildings to market and allowed some tenants to leave for bigger or newer units. For studios, which held their own last year […]
Abu Dhabi Rents to Dip in 2017 on New Supply Thousands of new apartments and potentially decreased housing allowances are expected to weigh on the market Average apartment and villa rents in Abu Dhabi are expected to weaken further this year after declining in Y 2016 due to new supply and uncertainty related to state […]
Key facts for November 2016: Manhattan’s median monthly rent grew 1.9 percent year-over-year to $3,245, led by 6.4 percent growth in Upper Manhattan. Upper Manhattan rentals also had the smallest share of inventory discounted (29.9 percent). Median resale price in Manhattan rose 0.5 percent year-over-year to $979,791, the slowest pace of price growth since January […]
Fed Welcomes Uptick in Inflation US consumer prices rose more than expected in August as healthcare costs recorded their biggest gain in 32.5 years, pointing to a steady build-up of inflation that could allow the US Fed to raise interest rates this year. The cost of living last month was also pushed up by continuing […]
Dubai Real Estate May Become as Unaffordable as London Residents could be permanently priced out of the market, according to Cluttons Dubai is at risk of becoming as unaffordable for local residents as parts of the UK capital London unless cheaper property is provided, according to Cluttons. Faisal Durrani, the property consultancy’s head of research, […]
Dubai, Abu Dhabi Apartment Rents Fall in July $JJL Declines were recorded for all apartment unit sizes last month, according to Bayut.com Apartment rents in Dubai and Abu declined an average of 2 and 6% respectively in July from 1-H of the year, according to Bayut.com. In its monthly report, the property site said the […]
Dubai Rents Fall 6%, Brexit Hits Investor Confidence Regional security and political issues such as Europe usher in wave of uncertainty The price of apartment rents in Dubai fell by 6% in 1-H of Y 2016 as global and political issues hit investor and buyer confidence, a report by real estate website Bayut.com has found. Dubai’s […]
Dubai Real Estate Investment + 7.5% in 1-H Emirati and Indian investors led the real estate investment market, according to DLD Total real estate investment in Dubai increased 7.555 Y-Y to Dhs 57-B ($15.5-B) in 1-H of Y 2016, according to the emirate’s land department. Investment in the emirate’s property market totalled Dhs 53-B ($1.44-B) […]
The New Gold Rush in Washington State is Farm Land Prices for high-quality farmland across the State of Washington are up 47% in the last 4 years, mirroring similar increases in home prices and rents. Many people know about home prices and rents soaring across the Puget Sound region and Washington State, but they might […]
Dubai Real Estate: Residential Property Prices Drop 1.1% in Q-2 ValuStrat said there were signs of an early recovery in some areas Residential property prices in the Dubai real estate market showed a 1.1% annual decline in Q-2 of Y 2016, according to ValuStrat’s Price Index. The firm said its data indicated an early recovery […]
US Housing Starts Missed Expectations in May US housing starts missed in May as the construction of multi-family housing units dropped, but gains in building permits signaled a possible rebound that would support economic growth in Q-2. Groundbreaking fell 0.3% to a seasonally adjusted annual pace of 1.16-M units, the US Commerce Department said Friday. […]
Parents’ Basement, the Dwelling of Choice for Millennials In Y 2014, Americans 18 to 34 anni were a little bit likelier to be living in their parents’ home than with a spouse or partner in their own household, according to a Pew Research Center analysis of US Census Bureau data, released Tuesday. It is the 1st […]
Top Locations for Renting, Buying Property in Dubai & Abu Dhabi Despite price declines, yields remained high in both Emirates UAE real estate markets were stable in Q-1 of Y 2016 as major developers continued to launch mega projects, according to property site www.Bayut.com The company said there were welcome signs of recovery in the […]