Posts tagged with Property

Office Space Demand to Shrink
May 2020 , by in Latest News, News/Views

With the lockdown looking at yet another extension, lease rentals between Rs 250 and Rs 300 a sq ft per month may come under pressure as per property experts. The rents could decline by at least 20% to 30% as companies cut costs and retrench employees. Corporates occupying large floor plates may ... Read more...

Canadian Real Estate Shows Resilience
May 2020 , by in INTERNATIONAL

Home prices are holding up during the coronavirus pandemic despite lockdowns. The most recent sign of resiliency comes from the Teranet-National Bank House Price Index for April, a composite of 11 major markets, is up 5.3 per cent from a year earlier. It’s up 1.3 cent compared to the previous mont... Read more...

UK Property Prices Plunge By Up To 13%
May 2020 , by in INTERNATIONAL

Surveyors have urged the government to give home buyers a stamp duty holiday amid fears that UK house prices could crash by as much as 13 per cent as confidence dries up due to the coronavirus pandemic. The Royal Institution of Chartered Surveyors (Rics) reiterated its calls to scrap the tax on prop... Read more...

Dubai Developer Nakheel Slashes Salaries
May 2020 , by in INTERNATIONAL

Dubai property developer Nakheel has slashed salaries by as much as 50% as it tries to weather the coronavirus crisis, according to media agencies. Dubai has faced a slowdown in its property sector for most of the previous decade as the global financial crisis and weak oil prices left the regional b... Read more...

Moscow Apartment Sales Surge
Apr 2020 , by in INTERNATIONAL

Apartment sales in Moscow jumped by a nearly a third last month as Russians rushed to protect their money as the rouble crashed, according to official data. The federal service for property registration, said on Tuesday that a total of 14,801 sales of already built apartments, the secondary market, ... Read more...

No Huge Impact on Texas Real Estate
Apr 2020 , by in INTERNATIONAL

Texas home sales are still on the rise despite the COVID-19 pandemic. With many people losing their job or being furloughed due to the virus, home sales in Amarillo and across Texas are still doing well. The states real estate market took a bad turn south at that point in time, but even through t... Read more...

Australian Government Eases Open Home Norms
Apr 2020 , by in INTERNATIONAL

Up to 10 people at a time will be allowed to attend open homes in Western Australia after the state government eased restrictions implemented in response to the coronavirus pandemic. Real estate agents across the state have only been able to show one person through a property at a time in the fou... Read more...

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