According to new reports, Foxtons Group Plc has gained a profit of about 24% on the first day of their trading in London after the real estate broker's public offerings.
British Estate Agent Foxton enjoyed a strong share market debut with early trading giving a firm a market value of 787 million pounds, despite some concerns that its core property market is overheating.
As per the latest statistical figures, it has been declared that the house price has been increased by 3.1% in July.
According to new data there have been warnings of new boom in house price in UK. This figure was just 1.3% when London was excluded.
The capital market is completely shattered because of an invasion of wealthy buyers, leading to shortage of new homes.
DAMAC Properties has selected Deutsche Bank and Citigroup to manage the initial public offer of the Dubai based real estate developer. The real estate major plans to increase its market share in Dubai by raising funds from stock market.
This summer has witnessed rising property prices in the UK. Couple of months back, the prices increased from 2% to 4%. It is now being said that the housing prices will increase by 6% this year.
The prediction has been made by Rightmove, which is the known property website. If such a rise will continue, then there are chances that the UK will witness a house price bubble.
A warning was given by Bank of England Governor Mark Carney regarding a scheme by the Royal Institution of Chartered Surveyors (RICS). This warning was given yesterday to the policymakers that they should be "vigilant" regarding the threats of a bubble caused by the Government's mortgage subsidy scheme.
There have been reports that New Zealand property values have increased to a great degree. This was witnessed last month where there was dearth of listings in Canterbury and Auckland. This perpetuated to rock the floors of property.
DAMAC Properties has awarded contract to TAV Tepe Akfen Investment construction for DAMAC Towers by Paramount. The contract valued at AED 1 billion involves construction of services residences in Burj Area. The company will also construct luxury hotel in a period of 33 months.
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