Home » General World News » Real estate in the world’s 2 biggest financial centres is stalling

Real estate in the world’s 2 biggest financial centres is stalling





London housing

  • Big cities on both sides of the Atlantic are witnessing worrying signs in their property markets as prices for both renting and buying fall.
  • In London, the balance of prices is now -47%, meaning that almost half of property surveyors expect a fall in value.
  • While in New York, rents fell their most in almost seven years in March, signalling weakening prices in the American financial hub.

LONDON — The previously runaway property markets of some of the world’s largest financial centres are slowing down rapidly.

On Thursday new data from the Royal Institute for Chartered Surveyors (RICS) showed that the London property read more >>>

Source:: BusinessInsider.Com

Comments are closed.