Dubai’s property market is currently experiencing an unprecedented boom, with 2024 poised to be a record year in terms of sales figures and property values. The demand for property, especially in the luxury segment, is driving prices up across the board in the city. Local real estate firms are reporting a surge in property sales,
Real Estate
Economists have long been puzzled by the disparity between the overall health of the economy and the negative perceptions many Americans have about their own financial situations. However, recent evidence suggests that this phase of prolonged pessimism, referred to as the “vibecession,” may finally be reaching its conclusion. According to Michael Pearce, deputy chief U.S.
Despite the economic turmoil over the past year, China’s property market continues to struggle and has not yet hit rock bottom, according to Standard Chartered CEO Bill Winters. Winters highlighted the challenging investing environment in China, pointing out that both consumer confidence and international investor confidence remain relatively low. The underlying cause of this lack
Nobel Prize-winning economist Joseph Stiglitz recently criticized the Federal Reserve, advocating for a more aggressive approach to monetary policy. Stiglitz argues that the Fed has been “going too far, too fast” with its tightening policies, exacerbating the issue of inflation in the process. This call for a half-point interest rate cut comes ahead of the
Real estate markets across the nation are experiencing a shift as the supply of homes for sale is increasing. Data from Realtor.com shows that active listings in August saw a substantial 36% jump compared to the previous year. This marks the 10th consecutive month of annual growth in inventory. Despite the rise, the supply of
London landlords are facing challenges in the buy-to-let market, with many opting to sell their properties amidst anticipated tax hikes from the U.K. Labour government. Data from property portal Rightmove shows that almost one-third of homes currently for sale in the capital were previously rented out, indicating a shift in the investment sector. While it’s
The mortgage industry has experienced a significant shift in recent times, with demand now heavily skewed towards refinancing. This change comes as interest rates continue to decline for the fifth consecutive week. According to the Mortgage Bankers Association’s latest data, total mortgage application volume saw a modest increase of just 1.6% last week compared to
The housing market in China is currently facing significant challenges, with government stimulus measures failing to provide the necessary support. Despite various efforts to prop up the sector, including lowering homeowner borrowing costs, the housing market crash is far from over, according to Haibin Zhu, chief China economist at JPMorgan. Home prices are expected to
REA Group, a property listings company controlled by Rupert Murdoch’s News Corp, has expressed interest in potentially acquiring U.K. property portal Rightmove. This move aims to create a global digital real estate business, expanding the reach and influence of both companies. The announcement of this potential takeover offer caused a significant increase in the share
In recent years, there has been a noticeable shift towards renting among Americans for various reasons. According to a report by Intuit Credit Karma, more people are opting to rent items such as cars, apartments, clothing, and furniture due to factors like affordability and flexibility. The rental industry has expanded to include a wide range