AJMAN / WAM The value of real estate transactions in the Emirate of Ajman amounted to AED793 million in February, according to the monthly report issued by the Department of Lands and Real Estate Regulation. The report noted the stable performance of the emirate’s property market. The month witnessed the ...
Read More »Abu Dhabi records AED74b in real estate transactions in 2020
ABU DHABI / WAM The value of real estate transactions in Abu Dhabi in 2020 totalled AED74 billion, with 19,000 transactions being executed, including sales and mortgages of land, buildings and real estate units for all types of land use, a rise of 28 percent compared to 2019, which recorded ...
Read More »US home builders urge Biden to help slow housing inflation
Bloomberg The biggest US homebuilders group urged the Biden administration to help increase lumber supply, saying record-high costs threaten to price potential home buyers out of the market and curb construction. The administration needs to remove import tariffs on Canadian lumber and urge producers to boost output, the National Association ...
Read More »Dubai records 51414 real estate deals worth AED175b in 2020
DUBAI / WAM Dubai’s real estate market continued to be attractive to local and global investors in 2020, with the sector recording 51,414 transactions representing a value of over AED175 billion, according to the annual transaction report issued by the Dubai Land Department (DLD). The report revealed that real estate ...
Read More »UK mortgage approvals post best year since 2007 on tax cut
Bloomberg UK lenders approved more mortgages in 2020 than in any year since before the financial crisis, as house hunters sought to take advantage of a temporary tax cut. The stamp duty holiday, which allows buyers to save as much as 15,000 pounds propelled the housing market into high gear ...
Read More »New-home sales in London slump as virus curbs deter investors
Bloomberg New-home sales in London are plummeting as lockdowns hurt demand and investors hold back from building apartments. Sales of newly built homes totaled 4,190 in the fourth quarter, down 27% from a year earlier, according to preliminary data compiled by researcher Molior London. The figures are based on transactions ...
Read More »Ajman real estate deals reach AED8.9b in 2020
AJMAN / WAM The annual real estate report issued by the Department of Land and Real Estate Regulation in Ajman highlighted the stable performance of the emirate’s real estate market, noting that real estate transactions in 2020 totalled AED8.9 billion. Nasser Al Marzouqi, Deputy Director-General of the Department, stressed that ...
Read More »Denmark’s housing market at its tightest since pre-2008 crisis
Bloomberg Not since the lead-up to the 2008 financial crisis has Denmark’s housing market faced a similar gap between supply and demand, according to the home finance unit of Nordea Bank Abp. The number of residential properties for sale has plunged to its lowest in over a decade, Nordea Kredit ...
Read More »UK house price growth rises to six-year high
Bloomberg UK house price growth rises to a six-year high in December, rounding off a strong 2020 for the market that defied a wider economic downturn. Values climbed 7.3% from a year earlier to an average of 230,920 pounds ($312,800), Nationwide Building Society said on Wednesday. They increased 0.8% from ...
Read More »Home prices in 20 US cities see biggest rise since 2014
Bloomberg A measure of home prices in 20 US cities rose in October by the most since 2014 as ultra-low mortgage rates and increased buyer appetite for more space depleted housing inventory. The S&P CoreLogic Case-Shiller index of property values climbed 7.95% from the same month the previous year, data ...
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