Dubai’s property market is currently experiencing unprecedented growth, with sales figures and property values reaching record highs in 2024. However, not everyone is celebrating this boom. Hussain Sajwani, chairman of Dubai property giant Damac, has expressed concerns about the negative consequences of this rapid expansion. Sajwani acknowledges that the increasing demand for property, especially in
Real Estate
Sales of ultra-luxury homes have seen a significant surge in New York, Miami, and Palm Beach, Florida, during the second quarter. According to a report from real estate firm Knight Frank, the number of homes selling for $10 million or more increased by 44% in Palm Beach, 27% in Miami, and 16% in New York.
Joseph Stiglitz, an acclaimed economist and Nobel Prize winner, has recently criticized the Federal Reserve for their monetary policy decisions and called for a half-point interest rate cut. Stiglitz argues that the Fed has been too aggressive in tightening policy, exacerbating inflation issues in the economy. He believes that a larger rate cut is necessary
The real estate market is currently experiencing a shift in dynamics, with the supply of homes for sale increasing rapidly. According to a report from Realtor.com, active listings in August rose by 36% compared to the previous year, marking the 10th consecutive month of annual growth. However, despite this surge in supply, it is important
The real estate market in London is currently experiencing a significant shift, with landlords selling their buy-to-let properties at unprecedented rates. Recent data from property portal Rightmove revealed that almost one-third of homes for sale in the capital were previously rented out, indicating a substantial increase in rental property sales. This trend is not limited
Manhattan, New York, is famous for its exorbitant prices when it comes to real estate. The median price per square foot in the city is a staggering $1,500, making it one of the most expensive places to live in the world. However, there are alternative options available in popular Mediterranean destinations that offer significantly more
Despite efforts by the Chinese government to stimulate the housing market, JPMorgan economist Haibin Zhu believes that these measures have not been effective in boosting the sector. As a result, the housing market crash in China is far from over, with home prices not expected to stabilize until at least 2025. Recent data released by
In a bold and strategic move, Rupert Murdoch-owned REA Group has announced its contemplation of a potential takeover offer for U.K. property portal Rightmove. This move aims to establish a global digital real estate business under the control of Murdoch’s News Corp. The Australian property listings company has not engaged in any discussions with Rightmove
The traditional concept of ownership is undergoing a significant shift in American society. With affordability concerns at the forefront, more individuals are opting to rent various goods and services instead of purchasing them outright. According to a recent report by Intuit Credit Karma, the rental industry has experienced exponential growth, encompassing everything from cars, apartments,
In the current real estate market, the dream of buying a home seems to be slipping out of reach for many aspiring homeowners. The combination of higher mortgage rates and a limited supply of houses has resulted in soaring prices, making it difficult for buyers to enter the market. According to the National Association of