USA
The latest report from ResiClub Analytics uses Zillow’s Market Heat Index to identify U.S. housing markets where buyers or sellers hold the most leverage. A higher score indicates a market favoring sellers, while a lower score favors buyers. Markets where inventory remains tight, and home price growth is elevated, give sellers more power. Meanwhile, areas with increased inventory and softer price growth give buyers the upper hand.
Source: This interactive housing market map shows where sellers—or buyers—have the most power right now
U.K.
U.K. house prices increased by 4.3% in August, the largest annual gain since November 2022, according to Halifax. On a monthly basis, prices rose by 0.3% from July, marking the second consecutive monthly increase. This growth is attributed to renewed market activity following a reduction in the Bank of England’s interest rates. While other market indicators show mixed results, with Nationwide reporting a small drop in prices, the overall trend points to a steady recovery in the housing market.
Source: U.K. house prices post biggest annual gain since late 2022
Canada
Canada’s housing market is shifting towards a healthier balance as rising interest rates slow down the red-hot market seen in recent years. The outlook suggests stabilizing prices and more manageable competition for buyers, with an increased focus on long-term sustainability in the real estate sector.
Source: Canada Housing Market Outlook: A Shift Toward Healthier Territory
Australia
Australian home prices are projected to rise over 6% in 2024, driven by a persistent housing shortage and strong population growth. Despite the highest interest rates in 13 years, the housing market remains resilient, with significant gains seen in cities like Perth, Adelaide, and Brisbane.
Source: Australian Property Market: Values Rise By .5%
Dubai
Dubai’s real estate market saw a remarkable 40.8% year-on-year increase in property sales value in August, totaling AED47.3 billion ($12.88 billion). Apartment sales rose 37.6%, reaching 12,268 transactions valued at AED23.5 billion, while villa sales increased by 4.6% annually. August was the second-best month for sales value this year, following July’s strong performance. Land sales also surged, with 1,396 plots sold for AED15.1 billion, a 153.8% month-on-month increase.
Source: Dubai’s Real Estate Market Sees 40.8 Percent Rise in Sales Value to $13 Billion in August
Singapore
The Singapore property market is seeing a rise in foreign interest, especially in the luxury home sector. In Q2 2023, there was a notable increase in foreign buying, signaling a thawing of the market after recent cooling measures.
Source: Rise in Foreign Buying of Luxury Homes in Singapore in Q2
America Mortgages Weekly
6.8% cap rate multi-unit LA + Don’t wait for interest rates to drop before reading this!
With the Federal Reserve expected to cut interest rates soon, U.S. expats and foreign national investors have a unique chance to invest before property prices rise. Lower rates typically increase buyer competition and property values, so acting now could secure you a great deal.
For more insights, visit: America Mortgages
