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Many new condo developments that launched sales over the past few years will begin to see closings, new rental buildings will continue to hit the market in both Brooklyn and Manhattan, and progress in their lease-ups, and a shifting macro-economic climate — from interest rate hikes to stock market jitters — will have an effect … Read more
SINGAPORE (BLOOMBERG) – Singapore’s office landlords are among the world’s most luckless right now, and they have builders to blame. The market already has an empty feel to it, and as developers add more space in a slowing economy, property owners’ misery could keep compounding. Over the past year, the city’s three big office real … Read more
Property prices in the Pilbara town of Karratha have halved to their lowest level in 11 years as the mining town suffers a double blow from falling iron ore and oil prices. Desperate sellers are slashing asking prices by more than $100,000 and some homeowners have been left nursing losses of nearly $300,000 on properties … Read more
New federal mortgage rules are creating a “policy ceiling” that will curb Toronto’s soaring house prices this year, measures that would be partly offset by another Bank of Canada rate cut, the local real estate board said in a new forecast. Average housing prices in the Greater Toronto Area (GTA) jumped nearly 10 per cent … Read more
House prices across the UK accelerated in the year to November, rising 7.7%, according to the Office for National Statistics (ONS). In the year to October, prices increased by 7%. The East of England continued to see the sharpest increase, at 10.2%, with London and the South East seeing rises of 9.8%. Prices in Scotland … Read more
THEIR house prices have crashed after once skyrocketing, but Australia’s worst performing property markets have almost nothing in common with Sydney it seems. The Harbour City property market recently became the subject of renewed attention when numerous indicators showed growth in house prices is slowing, prompting some commentators to warn of a coming crash in … Read more
House prices in England and Wales rose by 0.5% in August to reach an average of £184,682, according to the latest figures from the Land Registry. Despite the month-on-month increase, the annual rate of growth slowed to 4.2% – its lowest level since November 2013. This was just under half the recent peak of 8.5% … Read more
BEIJING, CHINA – AUGUST 27: A Chinese day trader reacts as he watches a stock ticker at a local brokerage house on August 27, 2015 in Beijing, China. A dramatic sell-off in Chinese stocks caused turmoil in markets around the world, driving indexes lower and erasing trillions of dollars in value. China’s government has implemented … Read more
Housing markets are prone to the bandwagon effect, they continue rising when the fundamentals vanish, a year, maybe two years before. Stock market and commodity price volatility and declines are currently chronicled ad-nausea by the press without seeing the dramatic upswing of international property price falls. What is alarming is the pace of price declines. Even countries … Read more
Heddon Street in Mayfair, the London postcode district where the median house price stood at £2.9m in 2014. Photograph: Jeffrey Blackler/Alamy Buyers in England and Wales forced to spend up to 12 times their income as gap between earnings and house prices widens The gap between income and house prices has sky-rocketed so much in … Read more