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New home sales market in Australia peaked in December but outlook still good

New home sales in Australia weakened at the beginning of the year, down 2.2% in January, according to the latest figures from the country’s biggest builders. It means the market is tailing off from the largest and longest new home building cycle ever but overall the outlook is still good, says the first key new […] The post New home sales market in Australia peaked in December but outlook still good appeared first on PropertyWire . Continue reading

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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

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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

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