Foreign real estate news

UAE property market shows impressive growth
UAE property market shows impressive growth
Based on analytical data, impressive dynamics have been recorded: the average cost of renting apartments and villas in the UAE jumped by 2% and 3%, respectively, in the last quarter of 2023, and on an annualized basis even soared by 15% and 14%. The commercial sector is not far behind, demonstrating a steady recovery that began in 2022.
The number of new buildings has increased sharply in Zurich
The number of new buildings has increased sharply in Zurich
New analytical data suggests that more than 3,000 new rental apartments were built in the city in 2023. Despite housing starts at a five-year high, real estate agents and experts warn that rents in the Swiss metropolis will continue to rise.
The world's longest horizontal skyscraper will be built in Dubai
The world's longest horizontal skyscraper will be built in Dubai
The construction of a 225-meter panoramic horizontal skyscraper is being completed in Dubai. It will become the world's longest cantilever building. The unusual structure is being erected from steel and glass over the highway. It will connect two towers of the multifunctional complex
Türkiye has tightened rules for renting housing to tourists
Türkiye has tightened rules for renting housing to tourists
Owners who rent out apartments to tourists for periods of less than 100 days must obtain special licenses. Otherwise, owners will be fined. Thus, the country's authorities want to whitewash the rental market and lure tourists to hotels.
Record office-to-residential conversion planned in US
Record office-to-residential conversion planned in US
U.S. construction companies are converting a record number of outdated office buildings into apartments this year. The reason for this is the growth of remote work, which leads to an increase in the amount of available space for commercial real estate in cities.
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