If you’re interested in the world of property, you’ll want to know about the latest developments in the market. Among the many property news sources are PropertyNews, which offers entertainment videos, and PropertyGuide, which provides market information. PropertyGuide is a sister company of Tajarat Properties. The website covers property news and trends in different regions, including Hong Kong. You can also check out its YouTube channel, where you’ll find videos about celebrities, construction projects, and more.
Hong Kong’s property industry
Despite a sharp fall in sales in January and February, there are signs of a resurgence in Hong Kong’s property industry. Despite the COVID-19 restrictions that have restricted developers from building flats, many are rushing to start new projects and launch off-plan residential units. These projects are seen as investment opportunities, as they gain value as they are built. However, the market is not as robust as it was in recent years, with many investors being cautious.
In recent years, Hong Kong’s property prices have been muted, with prices still at extreme highs compared to median incomes. While the property market has been sideways for the past four years, new developments have helped to drive prices up. Secondhand home prices fell 3.2% from December to March, with some homeowners selling at heavy discounts. Meanwhile, the strict Covid-19 rules and Beijing’s national security law have prompted an exodus of residents.
New York City’s new real estate “normal”
The effects of the New York City’s new real estate “norm” are being felt by developers, agents, and investors alike. Millions of homeowners once assumed that property investments would help them achieve their retirement goals, pay for college, or even start their own businesses. Instead, the prices of homes in the business district have plummeted more than 40% over the last year.
The lack of available inventory is one of the biggest causes for the soaring prices.
The recent COVID-19 pandemic has affected New York City’s real estate market. While many brokers are navigating uncertainty amid a pandemic, buyers and sellers have halted their searches and pulled their properties. Because of the scourge, New York’s inventory has plummeted by nearly 50 percent. That shortage has left many New York City real estate agents struggling to meet the high demand.
London’s property market
As the UK faces a housing shortage and soaring prices, London’s property market is also facing some tumultuous times. Brexit uncertainty, interest rate rises and changes in property taxes are contributing to a deteriorating situation. Despite these problems, a robust economy will help the capital’s property market recover. Here’s a look at what’s driving the current market. Let’s look at what’s driving London’s property market.
The housing market in London is very resilient, with legal protections for private property. Whether you own a property in the West End, East End, or Shoreditch, you’re safe to assume it will still be there in 20 years. The last major land reform in England took place over 150 years ago and benefited the very rich. Property ownership has become an ideological obsession for the British, with successive governments supporting rising house prices in the face of these changes.