USA
In November 2024, U.S. mortgage rates decreased for the first time in over two months, leading to a surge in homebuyer activity and an increase in mortgage applications. The average rate for a 30-year fixed-rate mortgage fell to 6.86%, down from the previous week's 6.97%. This decline has slightly improved affordability, encouraging renewed interest in the housing market. Analysts say the market's growth depends on the economy and steady rates.
Source: U.S. mortgage rates drop, easing pressure on potential homebuyers
U.K.
Zoopla's November 2024 report indicates that U.K. house prices are no longer overvalued, thanks to strong income growth and lower mortgage rates enhancing affordability. The average house price has increased by 1.5% annually, reaching £267,600. Experts expect house prices to rise by 2.5% in 2025 and 7.5% over the next three years. However, Stamp Duty changes in April could slow this growth.
Source: Zoopla: U.K. house prices are no longer overvalued
Canada
According to Oxford Economics, Canadian mortgage rates are expected to rise starting in 2026, which could keep housing out of reach for many until 2035. While recent rate cuts have offered temporary relief, they may also push home prices higher, reducing affordability. Slower population growth could help ease price increases, but major improvements in affordability are unlikely in the near future.
Source: Canadian Mortgage Rates To Rise, Housing Unaffordable Until 2035: Oxford Econ
Australia
Foreign investment in Australia's property market has declined, with approved residential real estate investments dropping by 15% during 2024. This decrease is attributed to higher taxes, fees, and stricter regulations deterring foreign buyers, particularly from China and Hong Kong. The decrease in foreign investment raises concerns about housing supply and affordability, as these investors have traditionally played a key role in funding new housing developments.
Source: Why foreign buyers are exiting Australia’s property market
Dubai
Dubai’s real estate market is growing quickly, with property rentals expected to rise by 18% in 2025. Strong demand for both luxury and commercial properties, along with supportive government policies, is driving this growth. Ongoing infrastructure projects and urban developments are attracting more international buyers, keeping the market’s momentum strong.
Source: Dubai real estate: property rentals set to surge 18% in 2025
Singapore
Business sentiment among Singapore property players improved in Q3 2024, driven by falling interest rates and a stronger economic outlook. Key sectors like Hotels/Serviced Apartments and Suburban Residential show strong potential, making them attractive for investors. Despite some risks, Singapore’s stable and resilient market continues to offer promising opportunities for long-term investment.
Source: Business sentiment among Singapore property players improves in Q3 rate declines
