SINGAPORE – When Mr Shawn Lau collected the keys to his two-bedroom Treasure at Tampines condominium unit in December 2023, he was anticipating a swift rental process in a market that seemed to promise lucrative returns.
However, what followed was a stark reality check. Landlords like Mr Lau have been left grappling with prolonged vacancies.
The once-hot rental market, characterized by high demand and good returns, has softened as newly completed units flood the market, real estate agents told The Straits Times.
Deals used to close within a day, but no longer, observed Mr Alex Low of PropNex Realty.
The…
The rise of technologies, such as AI, and the solid growth in tourism-related sectors could drive Europe’s commercial real estate market next year, while the housing market struggles to get back on its feet and the rental market soars.
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European real estate investment is at a decade-low, and many forecasts expect 2024 to be the year to turn this trend on its head, not least due to potential key rate cuts.
For borrowing costs to shrink and the economy to rebound in many European countries, it’s vital that the European Central Bank (ECB) and the Bank of England (BoE)…
Jessica Brown
Updated Feb 8, 2024, 10:09am
First published 8 Feb 2024, 9:30am
News Corp Australia Network
Adelaide and regional SA’s vacancy rates eased in January, new data reveals, but both rental markets are still tight. Picture: supplied.
Adelaide’s rental market remains one of the tightest in the country despite its vacancy rate once again easing slightly over the past month.
New PropTrack data shows the city’s vacancy rate, which measures the percentage of rental properties that are empty and available for lease, is now 0.78 per cent after easing 0.09 percentage points in January.
Adelaide now has the second…
News Corp Australia Network
This property at 45 Hale St, Townsville City, is for rent for $520 per week in a tight rental market. Picture: realestate.com.au
The Townsville rental market remains under pressure in 2023 with rental properties becoming scarcer as tenants cough up more to lock down a home.
The latest PropTrack Market Insight report showed rents in the Townsville region increased 7 per cent last year, to $460 per week, and were up 4.5 per cent in the December quarter.
The median rent for a house was sitting at $490 per week, up 4.3 per cent for the…