Real Estate
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Berlin Bans Short Term Private Property Rentals through Online Platforms like Airbnb

Berlin Bans Short Term Private Property Rentals through Online Platforms like Ai

In a new move on Sunday, the authorities in the city started banning the short term private property rentals through online rental platforms like Airbnb and similar rivals.

The action is mainly aimed to provide more affordable housing for the residents in the German capital. Non compliance could draw heavy fines. The authorities are worried that the rising trend of renting out apartments to tourists via Airbnb, 9Flats, Wimdu and other numerous sites is resulting in supply deficiency and forcing up the rents.

S&P’s expect property prices to continue to fall in UAE

S&P’s expect property prices to continue to fall in UAE

Global ratings agency, Standard & Poor's said in a new report that it expects the property prices to continue to fall in the United Arab Emirates this year.

The agency cited lower hiring, softening business activity and the strong dollar as reasons for expecting a fall in property prices this year. The report, which was released on Wednesday, showed that the rating agency believes that there is no sign of market improvement in the country even as after improvements in housing affordability.

Key Interest Rates Unaltered and Mortgages Get Cheaper

Key Interest Rates Unaltered and Mortgages Get CheaperBy the end of last year when the Federal Reserve decided to raise the record low key interest rates for the first time in a long time, most of the future homebuyers thought that cheaper mortgage rates will soon become a distant dream. But, surprisingly that has not been the case.

November Home Sale Prices Moved up in November by 5.3 Percent

November Home Sale Prices Moved up in November by 5.3 Percent

A data released on Tuesday revealed that home sales prices in the United States moved up 5.3 percent in November which indicates a growth streak which the economists warned is posing a threat to affordability, mostly in the coastal markets.

The hot home sales market results from a solid hiring spree, shortage of houses in the market as well as low mortgage rates.

The S&P/Case-Shiller U. S. National Home Price Index revealed that, in November home sales prices climbed 5.3 percent at a seasonally adjusted rate on a year on year basis.

Hyatt’s Malware Attack Affects Properties in India too

Hyatt’s Malware Attack Affects Properties in India too

Hyatt Hotels Corporation, the American hotel chain with properties globally said that its customer payment system was hit by a malware last year in December. Now the company said that the properties include locations in India too.

A list of affected hotels have been released by the hotel chain that were victims of the malware attack and twenty  of the names are Hyatt's Indian hotels which is ninety percent of its Indian portfolio.

London’s Expensive Property Market Advertises Cheapest Flat for about £75,000

London’s Expensive Property Market Advertises Cheapest Flat for about £75,000London has one of the costliest property markets in the world and its cheapest flat could come for something more than £75,000.

Advertised on Zoopla, the British property website covering the residential property market, the cheapest flat of London comes for that price. The studio apartment is a significant 84sq foot property and is being offered in the market.

Slow Down in Housing Market Could be a Drag on Canada’s Economy

Slow Down in Housing Market Could be a Drag on Canada’s EconomyThe housing market in Canada is likely to be a restraining factor on the economic growth for few years ahead. The oversupply and high levels of household debt are the main reasons for the drag.

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