Dubai’s red-hot property market is bracing for a slowdown

Just nine months after buying their first property in Dubai, Dina Habib and Karim Yusuf are already planning their next move within the city.

The Egyptian couple, who spent eight years renting in the emirate, are selling their two-bedroom apartment in the Jumeirah Village Circle district on the edge of Dubai for a 26% premium over the 1.7 million dirhams ($460,000) they paid for the property in March.

Habib is hoping to secure a larger property for his family of three for the same price or less.

“For many years, we’ve paid someone else’s mortgage because we were scared to

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Dozens queue for Melbourne rental inspection as rental crisis continues

Hordes of hopeful renters have been filmed queuing up to view a property in Melbourne, as the country’s rental crisis continues.

A video shared by TikTok user ‘Bnod Basnet’ shows dozens of hopeful renters lining up to inspect a two-bedroom, one-bathroom apartment in Melbourne’s inner-city suburb of Flemington on Wednesday afternoon.

Footage shows the crowd stretching from outside the apartment complex to down a footpath along the street, a number of houses away.

The prospective renter who shared the video told news.com.au they “don’t understand” how the rental crisis has reached the level it has.

He said he was among

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Foreign investors to be slapped with huge penalties for leaving homes vacant

Foreign investors who leave their own property vacant will be slugged with charges of upwards of $169,000 under a federal government plan to free up more housing stock.

The federal government says that next year it will try to legislate a tripling of application fees for foreign investors to purchase a property, and an increase to penalties for vacant

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Dire rental properties getting you down? Sometimes it’s better to laugh than cry | Renting

How can renters across Australia claim some power back from real estate agents? “At least start by making fun of them,” says Jordan van den Berg, who is better known as Purple Pingers, the guy behind a TikTok series that exposes Australia’s “shit rentals”.

For three years, in his comical, unenthusiastic monotone voice, 27-year-old Van den Berg has given young Australians faced with a dire rental market some relief by naming and shaming the real estate agents who refuse to fix maintenance issues or do not include the whole truth in listings.

The worst case he remembers was in

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Living in New York: What Makes Ithaca, the Bronx, and Manhattan Stand Out

Ask ten people what “living in New York” means, and you’ll get ten very different answers. For some, it’s the nonstop pace of Manhattan. For others, it’s a borough like the Bronx, where neighborhood culture is as strong as family ties. And for many, it’s not New York City at all but a scenic upstate town like Ithaca, with its balance of nature, education, and affordability. These three places—Ithaca, the Bronx, and Manhattan—don’t just highlight New York’s diversity; they also show how the housing market reflects lifestyle choices. The numbers tell one story, but the reasons behind them explain why…Continue Reading

Perth property market predictions 2024 – House price & rental forecast

  • Perth’s housing market saw a 30-year low in listings this year.
  • Experts predict steady price growth of around 10% in Perth’s housing market in 2024.
  • An increase of interstate investors is expected due to favorable conditions.

One of the Perth real estate market’s defining features for this year has been a stark shortage of homes, hitting a 30-year low of 4,931 homes in September.

Unsurprisingly, limited supply has exerted upward pressure on Perth’s housing market, with prices hitting a record 10.8% increase compared to last year.

This figure is in line with SQM Research’s figures, which found Perth property prices

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2023 Year-End Review Of The Singapore Property Market: Key Numbers And Trends You Need To Know


Property News

Sales Volume For CCR RCR OCR 2023Sales Volume For CCR RCR OCR 2023
7 min read

Things are finally starting to calm down in Singapore’s private property market, with 2023 seeing the tail-end of the post-pandemic supply crunch. But for many buyers, complaints of high prices are still prevalent: private home prices may be flattening out, but many upgraders still struggle to afford true, family-sized units; and in every market segment, the threat of ever-rising interest rates is looming.

Here’s a look at how things worked out this year:

Transaction volumes for private non-landed homes 

Volume for all non-landed homes excluding EC

Transaction Volumes 2023Transaction Volumes 2023

Volume by type of sale (non-landed homes excluding EC)

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Chinese economy to fuel Aussie rental boom in this capital city

Rental prices are forecast to jump 7 to 10 per cent nationally in 2024.

Perth will clock the greatest growth of the capital cities, with an anticipated 10 to 15 per cent increase in tenant costs, research shows.

Although house prices are expected to drop by up to 4 per cent in Sydney and up to 3 per cent in Melbourne next year, the same price relief will not be afforded to renters on the other side of the country, the Housing Boom and Bust Report 2024 from SQM Research shows.

SQM Research crunched the data on factors including migration

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