House prices up as listings dip nationally

Posted on September 16, 2019 by Joe

Wet weather and cautious buyers combined to dampen the national residential market during August.

Oil Price Explosion – Brent Crude Jumps 20%

Posted on September 15, 2019 by Joe

Traders have scrambled to calculate what the limit move in oil would be, after Saturday’s drone attack on the ‘’world’s most important oil processing plant’’. And moments ago, Brent crude reopened for trading, exploding almost 20% higher, its biggest jump in 28-years time.

Read more: https://bit.ly/2lOOyvV

How to predict the real estate market

Posted on September 15, 2019 by Joe

In Kenya, the real estate industry is a free market in that the price of housing is driven by supply and demand. The higher the demand, the higher the prices with the inverse also applying.

Read more: https://bit.ly/2kNnA7t

Does Mmusi Maimane really own his home?

Posted on September 15, 2019 by Joe

This house is owned by a shelf company which lists a Durban businessman as its only director and shareholder according to deeds office records.

Read more: https://bit.ly/2kg10Ek

Sheikh Mohammed issues Law on Dubai Real Estate Regulatory Authority

Posted on September 15, 2019 by Joe

A new law pertaining Dubai’s Real Estate Regulatory Agency (RERA) has been issued by the Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum.

Read more: https://bit.ly/2lUQC5i

Is government’s $1.4 billion housing fund enough to revive sector?

Posted on September 15, 2019 by Joe

The government’s decision to launch a $1.4 billion fund to salvage stalled residential projects is unlikely to revive a sector that’s been the worst hit by the growth slowdown in Asia’s third-largest economy.

Read more: https://bit.ly/2kg10Ek

First piece in Dubai twin tower ‘link’ is ready

Posted on September 15, 2019 by Joe

Dubai: The first of six pieces/slides that will eventually form the “link” between Dubai’s next two super-towers – the One Za’abeel – is ready on site. Now, the plan is to have all six “slides” ready by March next, at which time they will be lifted 100 metres and slotted to connect the two buildings.

Read more: https://bit.ly/2lPIfYS

Millions may have gone down the drain in bad land deals by NCCK

Posted on September 15, 2019 by Joe

A struggling real estate portfolio and a series of bad debts may be at the centre of the ongoing leadership wrangles at the National Council of Churches of Kenya (NCCK), the Sunday Standard can now reveal.

Read more: https://bit.ly/2lUsNdS