Tag: real estates
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US real estate prices are stabilizing amid rising borrowing rates and declining sales
In November, sales of older homes in the United States showed a decline of more than 38 percent compared to January numbers, which were the 2022 peak, according to the National Association of Realtors. At the end of October, 30-year mortgage rates, the benchmark in the US market, were 7.16 percent year-on-year, the highest in…
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With hundreds of billions.. Chinese banks respond to Beijing’s call and move to support real estate development companies
The move is one of the biggest moves by state-owned banks in response to Beijing’s call to ease pressure on heavily indebted real estate developers and reverse a downturn in housing activity. The real estate sector makes up about a quarter of the Chinese economy, the second largest in the world. The Bank of Communications…
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“New Abu Qir” .. Learn about the first cities of the fifth generation in Egypt
According to the statement of the Egyptian presidency; The construction of the new city comes with the aim of becoming an investment and commercial city, as well as adding a new urban space to the east of Alexandria, which includes the largest sea port on the northern coasts and the Mediterranean, which is the port…
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Emaar Properties’ sales exceed $7 billion in 9 months
The company said in a statement, that during this period, it achieved a growth in profits before taxes, interest and depreciation of 8.4 billion dirhams (about 2.3 billion dollars), an increase of 47 percent, and net profits of 5.8 billion dirhams (equivalent to 1.6 billion dollars), an increase of 124%. , compared to the same…
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Deyaar Properties profits jump in the third quarter as demand for Dubai real estate increases
The company achieved a profit of 36.3 million dirhams (9.88 million dollars) in the third quarter, up from 8.1 million dirhams in the same period last year. Revenues in the third quarter amounted to 207.7 million dirhams, up from 120.7 million a year ago. At the level of the first nine months of the year,…
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With the aim of stabilizing the real estate market, lenders offer their solutions to the British Finance Minister
According to a report published by “Sky News”, executives from major banks across the country, and the largest building associations in Britain will ask Kwasi to commit to renewing the mortgage guarantee scheme for new buyers, which is scheduled to expire at the end of this year, during a meeting with the Minister , Thursday.…
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US mortgage interest rises above 6% for the first time since 2008
According to data from the Mortgage Bankers Association of America, the average interest rate on the most popular loan in the country is currently above 6 percent, for the first time since 2008, and is now more than double the level it was one year ago. The increase in mortgage interest rates comes as the…
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US existing home purchase contracts fell less than expected in July
The National Association of Realtors said on Wednesday its existing home sales index, based on signed contracts, fell 1.0 percent to 89.8 last month, the lowest since April 2020. Contracts have fallen in eight of the past nine months. Economists polled by Reuters had expected existing home purchases, which become sales after a month or…
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Algeria.. Stagnation in the real estate and car market and calls for urgent solutions
Despite the decline in real estate prices in major states such as the capital, Constantine and Annaba, the reluctance of investors in this sector is dominating the scene, in light of the deficit in the purchasing power of citizens. Specialists estimate that the real estate sales process has decreased by 50 percent compared to previous…