Europe Residential
Real Estate News

Coronavirus Significantly Impacting Ireland's Home Rental Market

Coronavirus Significantly Impacting Ireland's Home Rental Market

Irish property listings site Daft.ie is reporting this week that home rental supply is significantly rising based on the spike of listings posted in March 2020. Read More »


Prime Central London Home Sales Continue to Show Unbalanced Market in 2020

Prime Central London Home Sales Continue to Show Unbalanced Market in 2020

The political certainty generated by the general election result produced the highest monthly number of property exchanges in Prime Central London (PCL) in December 2019. Read More »

With Brexit Done, London's Property Market Enjoys Uptick

With Brexit Done, London's Property Market Enjoys Uptick

Four years after the UK voted to leave the European Union, creating much uncertainty since then for London's property market, Brexit has finally happened. Read More »

London Home Buyer Activity Spikes 92 Percent in January, Driven by General Election Results

London Home Buyer Activity Spikes 92 Percent in January, Driven by General Election Results

Knight Frank is reporting the number of new prospective home buyers registering with them in London rose Read More »


Click here to search for Property Listings in Europe Residential News.

Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated March 23, 2020 9:00 AM ET

Europe Residential News Property News

The headline rate of the UK's house price growth continued to slow through 2019, leaving annual house price growth for the UK 0.7% at the end of October 2019, down from 3% at the same point last year.

Prime regional country house prices in the United Kingdom were unchanged in the final three months of 2019, taking the annual change in values to -0.8%. Prices have been flat or declining for the past three years.

Home prices in Ireland fell by 1.2% during 2019, the first calendar year recording a fall in prices since 2012. The average price nationwide in the final quarter of the year was €250,766, 2.4% lower than in the third quarter and 1.2% lower than a year ago.

According to global real estate consultant Knight Frank, home prices across 56 countries and territories worldwide are rising at an annual rate of 3.7% on average. This marks the index's slowest rate of growth for over six years.

Ireland home prices in 2019 grew by 1% year-on-year and 715 properties were sold so far this year that are worth €1m or more.

According to recent numbers from Capital Value, the Netherland's transaction volume of the residential investment market will once again reach record levels in 2019. While a record of 8.5 billion euros in investment was reached last year

With capital growth in most prime residential markets around the world shrinking in 2019, the global economic landscape looks markedly different from that a year ago.

According to the latest quarterly Rental Report by Daft.ie, residential rents rose by an average of 5.2% nationwide in the year to September 2019. This marks the lowest rate of rental inflation across the country since the second quarter of 2013.

International property consultant Knight Frank is reporting this week that political uncertainty in the UK continues to dominate sentiment in prime London residential markets in final months of 2019.

According to international property consultant Knight Frank, demand for the acquisition of prime London property continues to be negatively influenced by political events in 2019.

According to Daft.ie, Ireland housing prices in the third quarter of 2019 were just 0.1% higher than a year previously, effectively marking the end of six years of rising housing prices.

UK house prices remained flat in August 2019 to leave nationwide annual growth at 0.6%. Savills now expects average house price growth to be flat in 2019, down from the prediction of 1.5% growth predicted last November 2018.

According to Ireland property portal Daft.ie, the number 13 is a very unlucky when it comes to Ireland home addresses, or dates on a calendar when selling.

According to Daft.ie, Ireland rents rose by an average of 6.7% nationwide, in the year to June 2019. This marks the lowest rate of rental inflation across the country since the final quarter of 2013.

According to International property consultant Knight Frank, political uncertainty continues to have a tangible impact on sales activity in London's Prime Residential marketplace.

Knight Franks' latest Prime Global Cities Index, which tracks the movement in luxury residential prices across 46 International cities, increased by 1.4% in the year to June 2019, up marginally from 1.3% in March 2019 but still significantly lower than its four-year average of 3.8%.

According to global property advisor Knight Frank, sentiment is the key driver of activity in prime regional markets in the U.K.. Uncertainty surrounding the UK's political landscape means discretionary buyers and sellers are cautious. Consequently, pricing has been subdued and stock levels are muted.

According to UK's Office for National Statistics, which tracks internal moves within the UK, migration from London to other parts of the UK reached its highest ever level in 2018.


Page
×
WORLD PROPERTY JOURNAL
 
Free News Alerts
 

Sign up now to receive the latest local & global real estate news in your inbox.

GO