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Real Estate Newsline – San Antonio's Source for Real Estate News

Real Estate Newsline – San Antonio's Source for Real Estate News

real estate news“This market is a blood tub for some,” said Frances Katzen, an agent with Douglas Elliman, who said that buyers who bought at peak costs a few years ago are unwilling to decrease their prices additional, as a result of they might lose cash on the deal. But with a glut of new inventory clogging the market, she mentioned extra clients are coming round.

GREEN SHOOT – Demand has only dropped by 7% since peaking back in April. That is the smallest drop since 2009. On average, demand (the number of new pending gross sales over the prior month) has dropped by 19% after peaking within the spring.

With South Africa’s economic showdown taking its toll on commercial property and mall owners, Botswana’s finances retailer Choppies Enterprises has introduced plans of exiting the South African market, a number of years after expanding into the country. Overall, a decrease in demand and a rise in provide is expected to help steadiness the market in 2019. Stricter housing insurance policies, authorities intervention and new home building will all have an impact on this yr’s market. The housing market is influenced by many alternative components. For essentially the most part, like some other market, all of it comes down to provide and demand.

Student housing with group concept

Real property developer Atenor says that the construction and leasing of its Aréna Business Campus growth is in full swing, with the opening of a contemporary showroom in building “A” representing a milestone within the … Read More