Bc Real Estate News, Videos & Articles
A whole of 122,658 real estate transactions had been registered within the emirate in 2022, an increase of 44.7 per cent from 2021. The past yr additionally noticed eighty,216 investors registering a hundred and fifteen,183 new real estate investments valued at Dh264.15 billion, an annual development of 59.5 per cent in volume and seventy eight.four per cent in value. The evidence relies on a drop in gross sales in the pre-construction market over the previous two years after mortgage rates started to climb. Homebuyer demand declined but house costs really rose 2% to 5% higher by the end of 2023 versus a yr ago. The alerts for 2024 are for slightly improved stock, extra choice for patrons. But purchaser demand is inching larger too, so the market steadiness looks as if it’s going to proceed into the subsequent year, meaning the housing market is unlikely to crash anytime soon.
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