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Rents and prices set to fall further in Abu Dhabi in 2017
Average residential rents and property prices in Abu Dhabi fell in 2016 and further declines are likely in 2017 due to new supply coming onto the market, the latest analysis report suggests. Apartment rents fell by 7% on average year on year and villas rents were down by 5% while average sale prices for both […] The post Rents and prices set to fall further in Abu Dhabi in 2017 appeared first on PropertyWire . Continue reading →
Price growth in southern US now outperforming California, latest research shows
Housing markets in California are no longer the fastest growing in the United States as they are being overtaken by Florida, Texas and Tennessee, according to new real estate market research. With the latest index from real estate firm Zillow showing that home values have increased by 7.2% in the year to January 2017 and […] The post Price growth in southern US now outperforming California, latest research shows appeared first on PropertyWire . Continue reading →
Property prices bottoming out in Dubai but rents still falling
Prices of property in Dubai were largely unchanged over the fourth quarter of 2016 with the market likely to be driven by owner occupiers and long term investors, according to the latest analysis report. Meanwhile, an increase in supply is likely to put downward pressure on rents in the emirate with rentals for both apartments […] The post Property prices bottoming out in Dubai but rents still falling appeared first on PropertyWire . Continue reading →