Real Estate
Breaking the speculative spell in Addis Ababa's housing market
Owning a home in Addis Ababa imposes heavy burdens due to high bank loans and market pressures. Buyers commit to 20-year mortgages with 85,000 Birr monthly payments, while similar homes rent for just 15,000 or 20,000 Birr. This systemic issue could be alleviated by the emergence of a formal capital market.
September registers one of the best months for real estate deeds in a decade
Buenos Aires' real estate market showed a strong rebound in September, with nearly 7,000 deeds, one of the three best months in the last 10 years. Experts highlight the role of mortgage credits and the sector's stability amid economic uncertainty. Developers see opportunities in low prices and properties' dual function as investment and shelter.
German Home Prices Poised for Recovery
A Reuters poll indicates that German residential property prices are expected to recover steadily over the next two years, with annual increases of 2-3%, though affordability is projected to worsen due to high interest rates and supply shortages. This outlook reflects a stabilization after recent declines in the housing market. Economists highlight the impact on first-time buyers and the broader economy.
Eric Trump confirms real estate tokenization plans with WLFI
Eric Trump, co-founder of World Liberty Financial, has revealed plans to tokenize a real estate project linked to a building under development. The initiative aims to enable fractional ownership for the public using blockchain technology and WLFI's stablecoin USD1. Details were shared in an upcoming CoinDesk TV interview.
Housing prices grow faster than incomes in Spain's richest municipalities
In Spain's richest municipalities, housing prices have risen up to 30% more than incomes over the past year, according to data from the Tax Agency and Idealista. This gap worsens perceptions of inequality, with over half the population feeling social mobility is broken. An Oxfam Intermón survey identifies housing as the main source of inequality in the country.