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New Zealand News

How much will your house price decrease?

Several economists and market analysts were skeptical of ANZ’s early-year prediction that home prices may decline by seven percent (or more) throughout the year. With inflation taken into account, the 10% price decline forecast by ANZ in March climbed to 12% in April, 15% in June, and 18% by late October. Eventually, even the most optimistic analysts and banks admitted the decline would be big, and they revised their estimates accordingly. The investment banking company Jarden predicts that national home values will continue falling at an increasing rate through March. How much prices will fall and how much the typical

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March 15, 2022 No Comments
News

London house prices skyrocket as homebuyers take advantage of stamp holiday extension

Cost of London homes reach an all-time high, now at £501,320, as homebuying spree expected to continue until June With London’s residential property buyers taking full advantage of the stamp duty holiday, house prices touched an all-time high in January. The average cost of a home in the British capital soared to £501,320, or 0.1 per cent higher than what we saw in December 2020, and 5.3 per cent higher than January 2020. Ever since the lockdown restrictions were eased last May, house prices have been steadily increasing. This trend can be attributed to the Chancellor of the Exchequer Rishi

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April 1, 2021 No Comments
News

Mega housing projects and vaccine rollout fuel buying frenzy in Singapore’s property market

The Singapore property market registered a 350% revenue increase in the first two months of 2021, a positive marker of increasing consumer confidence A recent study by the real estate consultancy group Knight Frank suggests Singapore is among the most preferred destinations for Asian buyers. But the ground realities paint a mixed picture. Consumer confidence has improved as the Singapore property market witnessed a 350% revenue increase in the first two months of 2021. As the country prepares for a COVID-19 vaccination roll-out, the million-dollar price tags on Singapore’s houses have made a comeback. The year started with investors rushing to

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March 29, 2021 No Comments