The new normal of real estate is becoming apparent in New York City. Whether you’re interested in a Country house for sale or a luxury penthouse in Hong Kong, you’ll find it on this site. Read on for some tips that will help you navigate the property world in a new way. PropertyNews also provides entertaining videos about the entertainment industry. It’s also part of the Tajarat properties family. It is the sister website of Tajarat Properties.
New York City’s new real estate “normal”
While the recent reports on real estate in New York City have left some people feeling apprehensive, the overall picture of the market reveals a positive rebound. Concerns about the new tax law have kept Manhattan condo buyers cautious, and the recent stock market and interest rate dips have added to the overall uncertainty. Whether these fears are valid or not, however, the current market remains an excellent time to purchase or rent a Manhattan property news.
While out-migration and demand contraction are driving the NYC real estate market, one thing is clear: the city is no longer experiencing a housing crisis. While sales have dropped overall, active for-sale listings are up 53.2% year-over-year. Meanwhile, median days on market in Manhattan are up 46%, Brooklyn 46%, and Staten Island 34%. This means that more homes are on the market than there are buyers.
Hong Kong’s property industry
But property agents are optimistic that the shortage of supply will soon subside. New restrictions are in place to combat the spread of the disease. Meanwhile, some developers have come up with innovative ways to meet their rent obligations.
One factor contributing to the low prices is the lack of interest among overseas buyers. As Hong Kong is one of the most densely populated areas in the world, there is an acute shortage of land. Land plots are competitive, and buyers have to bid to secure them. In addition, a lack of demand for new units has caused developers to slow down construction of new properties, putting pressure on prices. Still, investors have not given up hope, believing that the political tensions with China will subside.
Country houses for sale
For those seeking a serene lifestyle, country houses for sale can be the ideal option. Many of these homes are located on fertile and rolling countryside and are an ideal fit for those who love the outdoors. With the help of a global real estate network, you can find a country house for sale that suits your needs. Here are just a few examples of some of the best country homes for sale currently available. You may be surprised by what you find.
Wantage House – This restored former rectory offers ample character and is set in landscaped gardens. This property also features a beautiful outdoor pool and tennis court. It is a Grade II listed property, with unrivalled countryside views and an extensive range of outbuildings. It is located in a quiet conservation village with beautiful views. In addition, the property is set in three acres of parkland. To discover more, visit the property’s listing on OnTheMarket.
London’s property market
Despite the current economic downturn, the London property market has shown signs of recovering. According to the Nationwide Building Society, house prices rose by 7.4% in the first quarter of 2017 compared to the same period last year. This is despite three successive interest rate increases. According to the report, the high demand for London property and lack of supply are the main reasons for the increase in prices. But despite the rising price of London property, the market is likely to remain strong for some time to come.
Despite the slowdown in London’s property market, the first-time buyer segment is still healthy, and the lower starting prices should boost the market. However, buyers in London are waiting for substantial price cuts. Home prices in Kensington and Chelsea remain the most expensive, at almost three and a half times the median household income. The average cost of a home in this area is around PS600,000.