Tag: Reuters
-
UK Housing Market Continues Cooling
The UK property market exhibits a cooling trend, with house prices dropping across all regions for the first time since 2009. Recent data from Nationwide reveals that there has been a noticeable dip in the average house prices across all regions in the three months leading up to September, the first widespread drop observed since…
-
US House Prices Still Rising, Sales Volume Falling
In August, there was a surprising decline in U.S. existing home sales. Contrary to what many analysts had anticipated, the number of homes sold decreased by 0.7%, adjusting to an annual rate of 4.04 million units. Interestingly, this decrease coincided with a hike in house prices. This intertwining of reduced sales and higher prices is…
-
The UK Commercial Property Landscape: Beyond the Headlines
The realm of UK commercial property is teeming with discussions about extreme inflation, spiking interest rates, and a persistent high consumer price index. For the everyday investor, these technical terms and economic markers can be daunting. But are they all signals of an impending market doom? Let’s break down these challenges, see where the market…
-
RICS – UK Estate Agents are Most Pessimistic in 14 Years
One of the most striking observations about the UK property market in August was the notable decline in both house prices and sales. According to a report by the Royal Institution of Chartered Surveyors (RICS), house sales and prices experienced a substantial drop during this period. This downturn can be attributed primarily to the impact…
-
Global House Prices Start to Recover
According to a recent Reuters poll of property analysts, the global downturn in property prices is showing signs of recovery. Average home prices in major markets are expected to decline less than previously anticipated at the beginning of the year and are predicted to rise steadily into 2024. This is due to various factors such…
-
New Zealand – House Price Rebound?
New Zealand’s property market is expected to see a rebound in house prices next year, driven by ongoing supply shortages and the possibility of interest rate cuts, according to a recent Reuters poll of property market analysts. The housing market experienced a boom during the pandemic, resulting in a significant increase in prices. However, a…
-
Reuters Poll Predicts More Interest Rate Rises
According to a recent poll conducted by Reuters, the Bank of England (BoE) is expected to raise its Bank Rate to 5.50% on September 21. However, a significant minority of economists still believe that rates may go even higher this year. What’s Happening? The Bank of England (BoE) is expected to raise its primary interest…