Saudi Arabia is to allow its citizens to operate Airbnb-style property rentals after the kingdom announced a new portal similar to the global lettings marketplace.Minister of Tourism Ahmed Al Khateeb …
Myanmar court jails Aung San Suu Kyi for extra seven years in final closed trial
Nobel laureate found guilty of corruption as rights groups say array of charges fabricated to keep her detained Aung San Suu Kyi at a rally in Myanmar in January 2020. The ousted leader has been …
Turkey introduces cheap mortgages for middle-income 1st-time homebuyers
Turkey has introduced a cheap mortgage package for middle-income first-time homebuyers, as the government is trying to address problems in the real estate market of the country.
Property slowdown unlikely to become systemic crisis
The current property crisis in Vietnam is not likely to be systemic because of the real estate sector’s moderate size and limited links to the banking sector, according to a recent report. Maybank …
HSBC sees Philippines growth slowing to 4.4% in 2023
British banking giant HSBC sees a sharp economic growth slowdown in the Philippines as the tightening cycle of the Bangko Sentral ng Pilipinas would curtail consumption, which is a major growth driver …
Should You Buy Property In 2023?
It always pays to invest in your own house. But if you are looking at realty as an asset class, commercial property, REITs and fractional ownership may be the way out.
India top court stays demolition of over 4,000 homes in Haldwani
More than 50,000 people, mostly Muslims, faced the demolition of their homes which allegedly encroached on railway land.
India’s Home Sales Hit Decade High Of 215,000 Units In 2022: JLL Report
Home sales in the top seven Indian cities rose to 215,000 units in 2022, the highest in over a decade, and a 68 per cent year-on-year (Y-o-Y) growth, global real estate services company JLL said in a …
China Weighs Cap on Property Agent Commissions to Bolster Sales
China may impose a nationwide cap on real estate commissions to boost demand in the flagging property market and regulate brokerage fee collection, according to people familiar with the situation.
China unveils new credit policy to promote property sales
China on Thursday unveiled a new credit policy to promote urban housing sales, allowing cities where home prices see steep drops in three consecutive months to reduce mortgage rates. Cities may …