Economic Growth
U.K. public sector net debt reaches 100 percent of GDP in August, borrowing hits $18.24 billion
The U.K.’s public sector net debt rose in August to its highest since the early 1960s, reaching 100 percent of the country’s gross domestic product (GDP) and around 4.3 percentage…
China’s home prices hit new nine-year low in July
China’s new home prices fell at the fastest pace in nine years in July as multiple support policies failed to stabilize prices and restore confidence in the country’s struggling property…
April 18, 2024 British housing market sees 0.2 percent price drop, 9.2 percent rent surge amid shifting rate outlook
ritish house prices fell in February by the smallest amount in eight…
India eases new real estate tax rules following criticism
India’s government has relaxed the new real estate tax rules it proposed…
Saudi Arabia’s minister highlights $3 billion in Spanish real estate investments, announces upcoming development agreement
The Saudi Minister of Municipal, Rural Affairs, and Housing, Majid bin Abdullah…
Sales of new U.S. single-family homes rebound 8.8 percent in March, reaching highest level since September
Sales of new single-family homes in the United States (U.S.) experienced in…
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The Latest
UK house prices rise 4.7 percent in 2024
UK house prices ended 2024 with strong growth, rising 4.7 percent year-on-year last month. The Northern regions saw higher price growth…
U.S. new home sales rise 5.9 percent to 664,000 in November
Sales of new U.S. single-family homes saw a notable rebound last month following a dip in October caused by hurricanes.…
Canada home sales rise 1.3 percent to seven-month high in August
Home sales across Canada rose in August to a seven-month high after the central bank cut interest rates for the…
U.K. house prices rise 2.3 percent in July, biggest yearly increase since January: Report
House prices in the U.K. recorded the biggest yearly increase since January, rising 2.3 percent annually and 0.8 percent monthly…
Saudi Arabia, China ink two key deals to boost Kingdom’s housing sector
As Saudi Arabia’s economic ties with China grow, the Kingdom is leveraging this strategic partnership to boost its housing sector…
Germany’s commercial property prices down 9.6 percent in Q1 2024: Report
In its latest report, Germany’s Association of German Pfandbrief Banks (vdp) revealed that commercial property prices saw a 9.6 percent decline during…
Brazil introduces measures to support small businesses, low-income families, and real estate market
The Brazilian government announced lately a series of measures with the goal of renegotiating debts and reducing the cost of…
A luxurious, eco-friendly haven: The Red Sea’s regenerative tourism takes center stage
As Saudi Arabia prepares to welcome its first guests to The Red Sea and AMAALA destinations, the anticipation is high for the…
U.K. to invest $1.35 billion in AI research compute by 2030, says PM Starmer
In a conversation with NVIDIA founder and CEO Jensen Huang at London Tech Week, U.K. Prime Minister Sir Keir Starmer confirmed…
French central bank reports loss of $8.4 billion for 2024
The French central bank announced a loss of EUR7.7 billion ($8.4 billion) for 2024, signifying its intent to recover these…