Lower oil prices are leading many in the GCC to wonder about the possible implications for real estate.
Tagged – ‘Middle East’
Luxury residential markets face a diverse range of challenges and opportunities in 2015, but now that stimulus measures have all but disappeared in the US and the UK, all eyes are on Europe and Japan and the extent to which they could halt the tentative global recovery.
With price growth in Dubai and much of Asia slowing, the Knight Frank Global House Price Index has lost its main engines of growth resulting in a rise of just 0.1% in the third quarter of 2014.
More countries recorded a rise in house prices in the year to June than at any point since the start of the global financial crisis but Europe’s mainstream housing market is still lagging behind. Our Global House Price Index presents a mixed picture this quarter.
The Global House Price Index has risen for eight consecutive quarters but the rate of price growth slowed in the first three months of 2014.
Knight Frank’s Global House Price Index which tracks mainstream residential prices in 53 countries, as well as Dubai and Hong Kong, has exceeded its pre-financial crisis high.
The latest edition of the Prime Global Cities Index, which tracks the performance of luxury residential property prices in key cities around the world, rose by 6.6% on average in the year to September but by only 1.2% in the last three months.
Chinese investors are the most influential buying nationality in prime new-build markets globally , according to new research.
Knight Frank’s Global House Price Index confirms that average prices rose 6.6% in the year to March, the highest rate of growth since Q2 2010.
On 30 December 2012 the UAE Central Bank issued a circular announcing its intention to limit mortgage loans for foreigners to a maximum of 50% of the property’s value.