The real estate sector continued to exhibit signs of weakness in August, with the number of real estate transactions standing at 5,809, relatively unchanged from the mediocre 5,814 level recorded in July. On a cumulative basis, the number of real estate transactions fell by 9.50 percent year-over-year to 46,011 through August down from 50,841 during the same period last year. The value of real estate transactions, however, increased by 9.53 percent in August to $700 million up from $640 million in July. Moreover, the aggregate value of real estate transactions gained 4.95 percent on an annual basis to $5.49 billion during the first eight months of 2012 compared to $5.23 billion in the same period in 2011. Consequently, the average value of a real estate transaction came in 15.97 percent higher at $119,299, for the year to date, when compared to last year’s $102,870 reading. The share of foreigners in real estate sales transactions stood at 1.90 percent of total sales activity down from 1.91 percent in July yet remains higher than last year’s 1.81 percent stake. From : The Daily Star.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor