TEMPO.CO, Jakarta – Alex Villas Group, a Bali-based real estate company says the property sector in Bali looks promising in 2024. Alex Shtefan, the founder and owner of Alex Villas believes that the island is currently experiencing a significant shift in its business landscape.
“Tourist-attracting areas are no longer contained to renowned places like Kuta, Ubud, Sanur, Seminyak, Canggu, and Uluwatu any longer. Tourists are now starting to be drawn to western Bali, including Seseh, Kedungu, Cemagi, and Tabanan,” Alex said in a written statement on Friday, March 1, 2024.
Alex explained that this expansion provides new opportunities for the…
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Home values have been on an upswing, and they likely won’t come down any time soon. The main driving forces behind the spike in cost are low inventory and high interest rates, two issues that won’t resolve overnight. As a result, Zillow predicts that prices will rise by more than 6% by this summer compared to last summer.
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The current real estate environment has many would-be homeowners questioning if buying a house in…
Home price growth accelerated in February, with strong buyer demand soaking up the influx of new properties that hit the market over summer.
The property market has brushed off its summer slowdown, with values rising across most of the country in February and prices breaking records in four capitals.
The latest PropTrack Home Price Index showed the national median home value jumped 0.45% last month, while the combined capital city median climbed 0.48%.
Australia’s median home value is up 6.15% over the past year while capital city prices have grown a little faster, sitting 7.06% higher than this time last…
Having a strong online presence is crucial for real estate pros. However, maintaining a professional website can be time-consuming and costly, and it may require technical expertise you don’t have. Fortunately, there are strategies you can implement to reduce or eliminate the need to hire or outsource help with website maintenance.
The National Association of REALTORS® provides a resource at get.realtor for free, turn-key, customizable websites that serve as a powerful tool to showcase listings, attract clients and establish credibility in the market. The websites are specifically designed for real estate professionals and come with pre-built templates and features, enabling…
Key takeaways
Rental price growth has hit record highs, and there is now growing concern that the supply of rental homes could get even worse as higher mortgage costs hit landlords and government interference makes property investment less attractive.
The current national vacancy rate sits at just 1.1%.
One of the reasons for the lack of rental properties is because there are fewer investors buying property and the number of investors selling up has trended upwards.
According to the latest Australian Bureau of Statistics (ABS) data, there are nearly 10 million households in Australia, of which 66-67% are owner-occupiers. However,…
Updated Feb. 13 with the latest consumer price index data from the Bureau of Labor Statistics and the latest Zillow data for rental trends in January.
Annual rental price growth is still way below pre-pandemic averages, according to the latest rental data from Zillow, the real estate website, for January 2024.
Rent prices are now 29.4% higher than they were before the pandemic, but rental growth seems to have slowed from the major spikes of 2021. In January, rents are 3.4% higher than at the same time last year. The average growth in 2018 and 2019 was 4.1%.
The reasons…
WA Units are selling almost as quickly as houses as desperate buyers seek to enter the property market.
According to www.reiwa.com data, houses sold in a median of eight days in February, while units sold in a median of nine days.
REIWA CEO Cath Hart said houses have been selling quickly for some time, but the speed of unit sales has accelerated in the past few months.
“Units are selling 13 days faster than they did a year ago,” Ms Hart said.
“Traditionally buyers prefer houses – we all like to have our own patch of land, and houses generally…
“It is not a housing market that is working or fair,” says Sajjad Ahmad, who has been in the world of private renting for more than 40 years. “Rents are far, far too high.” But Ahmad is not one of the 11 million private tenants in England and Wales. Instead, he is among a growing number of landlords who now agree with many of their tenants that the system is broken.
He had 30 flats and houses across England – in Grimsby, Kirkby and Crawley – until he sold 16 last year. “I want to get out of the sector,”…