Homebuyers’ enquiries for relatively larger apartments surge, Real Estate News, ET RealEstate

MUMBAI: The emergence and acceptance of the Work from Home model in the backdrop of the ongoing Covid-19 pandemic has led to increased demand for relatively larger homes. The new demand pattern is driven by homebuyers’ need to accommodate space for remote working. In key property markets including Mumbai Metropolitan Region (MMR) and Bengaluru that […]

Office rentals in NCR slip by over 5% as companies relocate to cheaper locations, Real Estate News, ET RealEstate

NEW DELHI: Office rentals in clusters of high-profile companies in Delhi-NCR have reduced by more than 5%, highest among top cities, following a move by companies to relocate to a cheaper location within the region, according to leading real estate consultants and brokers. The rentals dipped even as landlords across markets exhibited flexibility in providing […]

India office property market shows resilience, Q3 absorption up 64% on-quarter, Real Estate News, ET RealEstate

MUMBAI: Indian office property market has shown resilience as indicated by the rising net office take up despite the impact of Covid-19 on the business environment and the emerging challenge of the Work-from-Home model. Office property markets across the country have witnessed a net absorption of 5.4 million sq ft in the quarter ending September, […]

India’s corporate real estate occupiers confident about COVID-19 recovery, Real Estate News, ET RealEstate

BENGALURU: Corporate real estate (CRE) leaders in the India are optimistic about their business and recovery plans despite impact from the ongoing pandemic. At least nine in ten leaders polled by JLL believe their organizations and employees will help successfully mitigate the impact of COVID-19 on their businesses. “As the corporate sector prepares for the […]

Home prices in Hong Kong ease 0.5% in July, Real Estate News, ET RealEstate

HONG KONG: Hong Kong private home prices eased 0.5% in July, the first drop since April, as one of the world’s most expensive property markets continued to be pressured by the coronavirus pandemic and political uncertainties. The drop in July compares to a revised no change in June. Supported by strong demand and low interest […]

Norway house prices up 5% y-o-y, fastest growth in three years, Real Estate News, ET RealEstate

OSLO: Norwegian seasonally adjusted housing prices rose 0.9% between June and July and are up 5% for the last 12 months, a real estate industry association said on Wednesday. It was the fastest annual growth since June 2017, driven by cheaper mortgage rates, as the Norwegian central bank cut its key policy rate to a […]

Demand for rental accommodation in key cities starts easing, Real Estate News, ET RealEstate

BENGALURU | MUMBAI | NEW DELHI: The Covid-19 pandemic has started casting a shadow over the rental housing market, which has so far been insulated from the crushing economic impact of the coronavirus outbreak. The residential property market in metros such as Bengaluru, Mumbai, Delhi, Pune and Chennai have witnessed an increasing number of young […]

Survey, Real Estate News, ET RealEstate

Real estate is emerging as a preferred investment asset class in the backdrop of economic uncertainty and rising stock market volatility with over 50% of consumers considering buying a new home in the next six months, showed a JLL India survey. The survey was conducted online covering over 2,500 prospective homebuyers from Mumbai Metropolitan Region, […]

Top eight property markets see 5.4% decline in Q1 average prices, Real Estate News, ET RealEstate

MUMBAI: The Covid19 pandemic, subsequent lockdowns and its impact on economic growth have resulted in correction on property prices. Top 8 Indian property markets have witnessed an average 5.4 per cent drop in prices from a year ago during April-June, showed data from Liases Foras Real Estate Rating & Research. On Sequential basis, weighted average […]

House sales surge in Turkey in June, Real Estate News, ET RealEstate

ISTANBUL: Turkish house sales leapt nearly 210% year-on-year to 190,012 properties in June, official data showed on Tuesday, rebounding with the help of cheap loans as the economy began to revive after Turkey eased coronavirus containment measures. It was the highest monthly level of sales since the record level in December, when more than 202,000 […]

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