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It's been a year since China surprised the world by allowing greater flexibility in the renminbi exchange rate, resulting in its drop in value by a record 1.9 percent against the US dollar.
In Cuba, 220 miles south of Miami, real estate is considered hotter than any other commodity on the world market today. But most Americans and foreigners so far are mostly shut out of this potentially lucrative product.
According to RICS' US Commercial Property Monitor for Q2, 2016, a slow U.S. economy seems to be taking a toll on occupier sentiment in many parts of the United States though demand still rose in the office and industrial segments.
The recent surge in UK property prices has combined with the persistently high rate of inflation to add further pressure on Mark Carney to raise interest rates. Right now, interest rates are at the lowest they have been since 1694, a move made by the Bank of England Governor to ease pressure on the British public during the credit crunch. Economists are now concerned rates will need to rise sooner.
Further problems with the UK buy to let market may be on the horizon. Communities Secretary, Eric Pickles has proposed a policy that puts buy to let landlords in direct breach of their mortgage contract. The idea behind the so-called "tenants charter" is to help people "trapped" in the short-term letting cycle.
An article recently printed in the Economist saw the notorious economics publication show it
Chancellor of the Exchequer, George Osborne, continues to staunchly defend his UK help to buy scheme as it
While the headlines continue to criticise George Osborne
Foreclosure inventory is falling like a stone these days. A sharp turn around from this time last year. And this activity is pushing up prices.
There's a new game in town: property wars! Buyers in the US compete at auction for foreclosures coming to the market with the intention to strike it rich by flipping these deals back into the market for at a profit.
HOUSING MARKET CONTINUES GRADUAL CLIMB BACK TO NORMAL IN USA
According to the NAHB/First American Leading Markets Index, markets in 146 of the approximately 340 metro U.S. areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the second quarter of 2016. This represents a year-over-year net gain of 66 markets.
ZIKA VIRUS MAY AFFECT PROPERTY VALUES IN PARTS OF MIAMI
Miami's trendy Wynwood neighborhood, which experienced a huge boom in property values over recent years, now faces a tremendous amount of fear and uncertainty as a result of the arrival of the mosquito-borne Zika virus says Barry Sharpe, who heads Miami-based Property Tax Appeal Group.
NEW HOME SALES IN U.S. REACH HIGHEST LEVELS SINCE 2008 MARKET CRASH
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. rose 3.5 percent in June 2016 from an upwardly revised May 2016 reading to a seasonally adjusted annual rate of 592,000 units. New home sales are up 9.3 percent in the second quarter of 2016 from the first quarter.
