Property news

Here are some recent property news updates:

Global Property Market Trends

• According to a report by Knight Frank, global property prices are expected to rise by 3.5% in 2023, driven by strong demand and limited supply. (Source: Knight Frank)
• The global luxury property market is expected to grow by 5% in 2023, driven by demand from high-net-worth individuals. (Source: Knight Frank)

Residential Property

• The UK residential property market is expected to slow down in 2023, with prices predicted to rise by 2% due to economic uncertainty. (Source: Savills)
• In the US, the median home price is expected to rise by 5% in 2023, driven by low interest rates and strong demand. (Source: Zillow)
• In Australia, the residential property market is expected to slow down in 2023, with prices predicted to fall by 5% due to economic uncertainty. (Source: CoreLogic)

Commercial Property

• The global commercial property market is expected to grow by 4% in 2023, driven by demand from e-commerce and logistics companies. (Source: JLL)
• In the UK, the commercial property market is expected to slow down in 2023, with rents predicted to fall by 2% due to economic uncertainty. (Source: Savills)
• In the US, the commercial property market is expected to grow by 3% in 2023, driven by demand from tech companies. (Source: CBRE)

Regulatory Changes

• The UK government has announced plans to introduce a new tax on foreign property owners, aimed at reducing the impact of foreign investment on the domestic property market. (Source: BBC)
• In the US, the Federal Reserve has raised interest rates to combat inflation, which is expected to impact the property market. (Source: CNBC)
• In Australia, the government has introduced new regulations to curb foreign investment in the property market. (Source: The Australian)

Sustainability and Technology

• The use of green technology in property development is expected to increase in 2023, driven by growing concerns about climate change. (Source: Property Week)
• The use of artificial intelligence in property management is expected to grow in 2023, driven by the need for more efficient and cost-effective management. (Source: PropTech)
• The use of virtual and augmented reality in property marketing is expected to increase in 2023, driven by the need for more immersive and engaging marketing experiences. (Source: Property Week)