Data released by China’s National Bureau of Statistics showed on Monday that overall housing price declines in major cities in China continued to shrink in September.In first-class cities of Beijing, Shanghai, Guangzhou and Shenzhen, new home prices fell 0.5 percent year-on-year, reflecting a 0.4-percentage-point improvement from the decline in the previous month, while the annual decline in used-house prices narrowed to 1.5 percent in September from the 2.7 percent decline in August.In the second and third-tier cities, the decline in the prices of both new and used housing slowed in September compared to August, according to China’s Xinhua news agency.
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Japan this year recorded a record number of foreigners residing on its territory despite growing anti-immigration sentiment, as authorities seek to address the challenges of an ageing population and its declining population.Data showed 4.28 million foreign residents in Japan as of the end of June, and this figure does not include short-term visitors, according to the Immigration Agency.Al-Jadaan warns: Debt risks threaten the global economy .. Saudi investment eased energy shockThis represents an increase of 156,000 people compared to the end of last year, and constitutes about 3.5 percent of Japan’s total population, according to calculations based on government estimates.
A new analysis shows that homes worth more than £2.66 million are now half as likely to sell homes less than the lowest priced properties, due to the British government’s recent fallout from a “deficiency tax” on this category of homes.The tax, announced by former finance minister Rachel Reeves in last year’s budget, is due to come into effect in April 2028 and will apply to properties worth £2 million or more.Russian diesel to America. Who benefits the biggest deal?Property data company TwintyCi notes that this policy has already begun to negatively affect the luxury real estate sector, according to a report published by the London-based Evening Standard and seen by Business.Read alsoFreezing the minimum wage. Proposal to create 100 thousand new jobs…
UAE-based Mira Developments has announced the launch of "Mira Golf Estates" in Tashkent, Uzbekistan, as part of its strategy to expand across international real estate markets through fully integrated master-planned communities. Spanning 151.1 hectares the project marks Uzbekistan’s first multi-branded master-planned community. It features 831 residential units comprising 338 villas and 493 luxury apartments, surrounding an 18-hole championship golf course and landscaped open spaces designed to integrate sports and nature into daily living. Unveiled during a launch event in Tashkent attended by 1,000 international partners and real estate professionals from Uzbekistan, the UAE, and global markets, the project incorporates design contributions from architecture studios Studio Marco…
The founder of London taxi company Addison Lee has sold a luxury home overlooking London’s Regent Park with a sharp discount of 44 percent compared to more than a decade ago, the latest sign of the pressures facing the luxury real estate market in the British capital.Addison Lee founder John Griffin, who exited his company for the Carlyle Group for about 300 million pounds ($464 million) in 2013, sold the property on the western side of Regent Park for £11.5 million in early October, Bloomberg reported, citing sources familiar with the deal.Records showed Griffin bought the same property in 2013 for £20.7 million, weeks before he lost a years-long tax dispute with British authorities last month. The house has 6 bedrooms and is located in a row of historic buildings…
About a third of tenants in major German cities say the rent they pay is very high, while 64 percent consider their home rent to be adequate, according to a survey by the Forsa Institute for the Measurement of Opinion Indicators commissioned by the German Confederation of Trade Unions.There are hardly any differences between East and West Germany in this regard, but the differences between age groups are clear; while only 17% of tenants over the age of 60 see their rents as very high, the percentage rises to 38% among those aged 30-44, to 44% among those under the age of 30, and the total percentage is 32%.Tenants surveyed were also asked to assess the effectiveness of some measures to curb rising rents in major cities, according to the German news agency DPA.
For Adil Faridi, building a successful business has never been about remaining within the boundaries of a single industry. It is about recognising opportunities, understanding evolving market needs and creating businesses that complement one another. As managing director and co-founder of Faateh Group, Faridi has played a key role in shaping the organisation's evolution from a real estate venture into a diversified business ecosystem, with interests spanning property management, leasing, investment solutions, accommodation, interiors and related services. At the centre of this growth is a straightforward business philosophy: sustainable success comes from creating value at every stage of the customer and investor journey. “The next generation of business leaders will not be…
Indian investors were the biggest expatriate buyers of Sharjah property in the first nine months of 2026, with deals worth more than Dh6.8 billion, according to the Sharjah Real Estate Registration Department. Only UAE citizens, with Dh22.4 billion in trades, ranked higher by value. Syrian investors came third with deals of close to Dh2 billion. Pakistanis followed with Dh1.56 billion, Jordanians with Dh1.21 billion and Iraqis with Dh1.17 billion. By number of properties, Indians also ranked second overall, with 2,914 traded. Syrians were third with 1,738, followed by Jordanians (1,005), Iraqis (1,001) and Egyptians (997). UAE citizens led with 31,250. Market draws 130 nationalitiel Investors from 130 nationalities traded across residential, commercial and industrial categories…
Wissam Breidy and Paula Gambrell have announced the launch of "BRDG House," a firm specialized in strategic development partnerships with real estate developers. The company aims to drive commercial value from the earliest stages of development, spanning project strategy, positioning, and branding through to commercialization and sales. Operating under the core philosophy "We Build Value Before We Build Projects," the firm integrates development, branding, pricing, marketing, and execution into a single aligned strategy. The approach is rooted in the belief that sales are not the strategy itself, but the natural outcome of building trust and establishing proper market positioning. The company combines Breidy's expertise in media, communication, and brand building…
Bloom Holding, the Abu Dhabi-based real estate developer, has signed an agreement with Minor Hotels to develop Anantara Retreat Rabat in Morocco, marking both groups' entry into the country's hospitality market. Scheduled to open in early 2030, the luxury boutique hotel will feature 38 keys, including luxury rooms, suites, and 7 three-bedroom villas, located in Rabat's diplomatic district approximately 20 minutes from the city centre. Facilities will include a signature restaurant, Moroccan tea lounge, swimming pool, fitness centre, Anantara Spa, and meeting spaces. William Heinecke, Chairman and Founder of Minor International, highlighted that the project brings the brand's distinctive luxury hospitality to a city combining culture, nature, and modern life. Carlos Wakim, CEO of Bloom…
The average 30-year mortgage interest rate in the United States continued to rise during the current week for the seventh week in a row, reaching its highest level in three years.According to the Freddie Mack Real Estate Finance Corporation, the average interest rate rose this week to 7.4%, compared to 7.28% last week, and 6.3% during the same week last year.The average mortgage interest rate reached its highest level since November 16, 2023, when it reached 7.44%, according to the Associated Press.
Official data showed that construction costs in Germany rose again, with the prices of construction of traditional residential buildings in August rising by 5.5% compared to the same month last year.The last time construction prices in Germany rose at this pace was 3 years ago. Over the past three months until the end of August, prices have increased by a percentage point, according to data from the German Federal Statistical Office.The roof’s work witnessed a particularly sharp rise in its cost, increasing by 7.6% year-on-year, while the cost of carpentry and plumbing increased by 7.2%. The prices of construction and brickwork increased by 4.2%, and the prices of concrete by 4.3%.