March 8, 2024
Australia News

Sydney House Prices are “Extremely Inflated,” According to a UBS Report

Despite recent declines, a global investment survey by global bank UBS determined that Sydney’s real estate prices remain “very expensive.” The current annual UBS Global Real Estate Bubble Index did not classify the port city’s real estate market as a bubble. Still, it was nevertheless priced substantially over its fair value. The analysis cautioned that the global housing bubble would soon pop. The analysis found that property price rises in the 25 cities analyzed reached their most significant level since 2007 and household debt increased much faster than the long-term average. It was stated that housing prices had diverged from

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March 8, 2024 No Comments
UK News

Sales of London properties worth at least £5 million have increased.

More contracts were signed throughout the first nine months of 2022 than in any year from 2015 to 2020. According to a survey released by Savills on Tuesday, London’s luxury real estate market has had its most significant year on record due to the city’s appeal to wealthy homebuyers. There were 461 house sales in the city between January and September for £5 million (US$5.73 million) or more. According to Savills, this is more sales than any entire year from 2015 through 2020 combined, and it’s the biggest for the first nine months of any year since the real estate

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March 8, 2024 No Comments