Category Archives: World

Federal legislation needed to declare housing a ‘right,’ says coalition

OTTAWA — The federal Liberal government needs to make good on its promise to declare housing a “fundamental human right” under Canadian law as part of its forthcoming national housing strategy, advocates for affordable housing said Tuesday. Without such a declaration, the legislation that’s expected

Lagos ranked 138 among ‘world’s worst cities’ to live in

SEVEN out of the 10 least liveable cities in the world are in Africa, according to the Economist Intelligence Unit (EIU) annual survey. The league table ranks 140 cities on a range of factors, including political and social stability, crime, education and access to healthcare.

Home Affordability Hits 10-Year Low in U.S.

According to the National Association of Home Builders / Wells Fargo Housing Opportunity Index, rising U.S. home prices and interest rates pushed housing affordability to a 10-year low in the second quarter of 2018. In all, 57.1 percent of new and existing homes sold between

Mortgage Rates in U.S. Dip in Early August

  According to Freddie Mac most recent Primary Mortgage Market Survey, U.S. mortgage rates were mostly unchanged the first week of August 2018, but did ease up slightly. Sam Khater, Freddie Mac’s chief economist, says mortgage rates have mostly drifted sideways this summer. “This stability

Growth in global top end property markets slowing down

Prime property price growth in key cities around the world is falling, up just 2.6per cent in the 12 months to June 2018, the weakest annual rise since the first quarter of 2012, the latest index shows. Overall, the number of cities registering double digit

Mortgage market flat; building societies positive

Figures from the Building Societies Association show that in the first six months of 2018, 31 per cent of UK mortgage approvals were from a building society, an increase of nearly 4 per cent year-on-year. These numbers appear to back up the assertion from both Santander

U.K. Housing Market Stays Subdued as Brexit, Rates Deter Buyers

The U.K. housing market remained listless in July as Brexit uncertainty intensified and Britons braced for an interest-rate increase from the Bank of England, according to the Royal Institution of Chartered Surveyors. Prices and sales stagnated and property values in London continued to fall, RICS said

Important Commercial Real Estate Terms You Should Know

Commercial real estate is far more complex than residential real estate. The contracts are longer, often the price tags are higher, and included in the process are many complex terms that an ordinary person does not understand. Make sure before entering into a commercial real

Kenya: Cooperatives to Deliver 500,000 Social Housing Units

Kenya is ranked highly globally with regard to a thriving cooperative movement having an asset base of more than Sh900 billion and deposits worth over Sh600 billion. The movement has continued to grow over the years. “This gives Kenya a competitive advantage while at the

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