Commercial

Rate on 30-year-mortgage remained 3.87% low record

The average 30-year fixed-rate mortgage has been at its all-time record-breaking low of 3.87 percent since the first week of February

Foreign Real Estate Companies Decline in China

The number of new foreign property companies in Beijing dropped by 56 percent last year and217 firms quit the market, China National Radio reported on Thursday. The report attributed the changes to the government's measures to cool the real estate market,restricting the number of homes a family can buy and requiring higher down payments on homepurchases.

Property investors return to Dubai from the UAE, India and the UK

The value of property transactions in Dubai surged by 20% during 2011, reaching AED143 bn for the year