Category: Real Estate Market Insights
-
More Signs Of A Buyers Market In 2023 And 2024
A report by Lightstone Property indicates an 80% rise in forced property sales, signaling a buyers' market in 2023. Many buyers, drawn by low interest rates during Covid (7% in 2020, below 8% until May 2022), now struggle with repayments as rates hit 11.75% by May 2023. Initially, low rates encouraged new buyers and upgrades,…
-
The value of Global Real Estate significantly dwarfs the storied allure of Gold
The value of all global real estate (residential and commercial real estate, and agricultural land) reached $379.7 trillion in 2022. That's according to a report published by international real estate advisor Savills. And by comparison, Gold, with its accumulated value of $12.2 trillion, signifies a fraction, merely 3%, of the vast expanse of global real...