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Canada is among the most popular countries for buying property after quarantine

Knight Frank researchers conducted a survey among residents of 44 countries and found out where people want to buy a home. The top ten included countries with the greatest prospects for economic recovery.

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Mortgage disbursement continues to break records

Mortgage lending in Russia remains at a record high for the summer for the second month. The number of issued mortgage loans for the purchase of an apartment in August increased by 31 percent in annual terms and reached 135,000 transactions.

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Sales of apartments in Turkey in August increased by 54 percent

Sales of apartments in Turkey in August rose by 54.2 percent year on year. In total, 170,408 apartments were sold during the month.

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Preferential mortgage led to an increase in prices for new buildings

In July and August 2020, the cost of new buildings on average in Russia increased by 6.2 percent.

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A new historical record for issuing mortgages was set in August

The volume of mortgage issuance in Russia in August 2020 set a new record in the entire history of the market, having increased by 59 percent compared to August 2019, to 375 billion rubles.

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VTB increased the issuance of mortgages by 40 percent in August

In August, VTB issued 29,000 mortgage loans totaling RUB 76 billion. This is 40 percent more than in August last year.

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Thailand is among the countries with the fastest annual growth in house prices

Thailand was among the countries with the fastest annual growth in house prices by the second quarter of 2020. The average cost of apartments in Thailand for the year increased by 8.16 percent.

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Prices for new buildings in St. Petersburg set a ten-year record

The cost per square meter in new buildings in St. Petersburg has increased by 12.5 percent since the beginning of 2020 and amounted to 129 thousand rubles. Thus, a record of the last ten years was set.

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Dubai developers attract buyers with discounts and special offers

Dubai developers have resumed sales of off-plan residential properties after a weak second quarter of 2020, focusing on promotional offers and incentives to attract buyers.

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Demand for mortgages has doubled

Demand for mortgages in Russia has almost doubled compared to last year's figures. In general, the interest of the population in loans and bank savings is higher today than last summer.

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The average mortgage rate fell to a new historical low

The average mortgage rate in Russia in July began to decline again and dropped by 0.22 percentage points over the month, setting a new historical low of 7.28 percent.

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July set a record for issued mortgages for new buildings

The number of mortgage loans issued in July for new buildings has become an absolute record in the history of Russian mortgages in terms of monthly indicators.

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Novosibirsk region is among the leaders in terms of the number of mortgages

The Novosibirsk region was among the regions whose residents most often take out a mortgage.

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Record in the Novosibirsk region: 8.5 thousand mortgage transactions in July

In July, almost 8.5 thousand mortgages were registered in the Novosibirsk region. This is the highest rate in the region since December 2018.

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Mortgage demand surged after rate cuts

In August, a sharp increase in the number of applications for mortgages was recorded. First of all, this is due to lower mortgage rates.

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The share of mortgages for new buildings increased to 35 percent

The share of mortgages for new buildings after the launch of the preferential state program increased to 35 percent of the total mortgage lending.

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A third of Russians decided to improve housing after self-isolation

After the lifting of restrictions related to the coronavirus, a third of Russians intend to improve their living conditions.

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Demand for apartments in St. Petersburg grew by 17% in the first half of the year

In St. Petersburg, in the first half of 2020, developers sold 2.6 thousand apartments, which is 17 percent more than in the first half of last year.

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Russians may be temporarily exempted from paying tax after the sale of an apartment

Russians who sold economy-class apartments in 2020 may be exempted from paying personal income tax (PIT) to the budget.

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Singapore to build world's tallest prefabricated skyscrapers

Singapore will have the tallest skyscrapers built using the prevailing pre-fabrication volume.

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