Saturday , September 18 2021

Real Estate

US new-home sales rise more than forecast after winter setback

Bloomberg US new-home sales rebounded sharply in March to the highest since 2006, suggesting that the housing market is back on track after winter storms impeded demand in February. Purchases of new single-family homes increased 20.7% last month to a 1.02 million annualised pace after an upwardly revised 846,000 rate ...

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Home prices soar in frenzied US market drained of supply

Bloomberg Last year’s pandemic housing rush is now this year’s end-of-lockdown feeding frenzy. Across the US, house hunters are fighting for scraps in a market picked clean of listings during the key spring homebuying season. Bidding wars are the norm. Strategies like waiving inspections to secure deals, common for years ...

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UK underestimating cost to make homes climate-friendly

Bloomberg The UK government has “significantly underestimated” how much it will cost to decarbonise heating in British homes, a touchstone of its net zero promise. The simple step of insulating Britain’s drafty homes is essential before gas boilers can be replaced with low carbon technology like heat pumps. The cost ...

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Dubai records AED7.3bn worth of real estate deals in February

DUBAI / WAM Dubai’s real estate market recorded 3,787 sales transactions worth AED7.43 billion in February 2021, a 13.8 percent increase from January 2021 in terms of volume and 8.9 percent rise in terms of value, according to the 12th edition of Mo’asher, Dubai’s official sales price index that was ...

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Sharjah real estate deals hit AED3.5 billion in February

SHARJAH / WAM Sharjah Real Estate Registration Department in Sharjah revealed that the volume of real estate transactions in the emirate reached 1,818 transactions with a value of AED3.5 billion in February 2021. Abdul Aziz Ahmed Al Shamsi, Director-General of the Department, explained that the number of sales transactions in ...

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