The property market in Dubai seems to be on an unstoppable upward trajectory, with record-breaking sales figures and soaring property values projected for 2024. This meteoric rise in demand, particularly in the luxury segment, has triggered a ripple effect, driving prices not only of residential properties but across all sectors in the city. However, amidst
Real Estate
Sales of ultra-luxury homes have seen a significant surge in New York, Miami, and Palm Beach, Florida, in the second quarter of the year. According to a report from real estate firm Knight Frank, the number of homes that sold for $10 million or more in these markets jumped 44% in Palm Beach, 27% in
Nobel Prize-winning economist Joseph Stiglitz has recently criticized the Federal Reserve’s monetary policy, calling for a half-point interest rate cut at the upcoming meeting. Stiglitz argues that the central bank has been too aggressive with its tightening measures, exacerbating the inflation problem. He believes that the Fed’s decision to keep interest rates near zero for
The real estate market has seen a significant increase in the supply of homes for sale, with active listings growing by 36% nationwide compared to last year. This marks the 10th consecutive month of annual growth in inventory levels. However, despite this rise, the supply of homes is still 26% lower than pre-pandemic levels in
The property market in London is experiencing a significant shift as landlords are rushing to sell their buy-to-let properties at record rates. Data from property portal Rightmove shows that almost one-third of homes currently for sale in the capital were previously rented out. This trend is not limited to London alone, as 18% of all
Sicily, Italy is a well-known tourist destination boasting rich history, beautiful beaches, and charming hilltop towns. With over 6 million visitors annually, Sicily offers great value for real estate investments. In fact, for the price of a 500 square foot apartment in NYC, you can purchase a property over 7,000 square feet in Sicily. The
China’s housing market has been struggling, with government stimulus and support measures failing to provide the necessary boost. According to Haibin Zhu, chief China economist at JPMorgan, the housing market crash is far from over, and home prices are unlikely to stabilize until at least 2025. Data from China Index Academy shows that the average
REA Group, a property listings company under the ownership of media mogul Rupert Murdoch’s News Corp, made headlines with its announcement of a potential takeover offer for U.K. property portal Rightmove. This move is seen as a strategic step towards creating a global digital real estate business, leveraging the strengths and resources of both companies
In today’s society, the concept of ownership is undergoing a significant shift. More Americans are choosing to rent various goods and services, including cars, apartments, clothing, and furniture due to reasons such as affordability and flexibility. According to a report by Intuit Credit Karma, 28% of adults now regularly rent items, and when housing is
The American Dream of buying a home is becoming increasingly out of reach for many individuals due to higher mortgage rates and a shortage of homes on the market. The median sales price for homes has risen to $422,600, a 4.2% increase from the previous year. This surge in prices has created a financial strain