The coronavirus pandemic is driving rents down in San Francisco and across the region, reshaping a housing market that for the past decade has generated enormous profits for residential developers while displacing tens of thousands of workers from the inner Bay Area. Rents are down 9% from a year ago in San Francisco and over 15% in […]
Chinese investors are aggressively starting to purchase international properties once again. The rising demand for real estate from buyers in Asia may catalyze a prolonged housing market rally as seen at the start of 2001. Residential and luxury properties across many countries including Singapore, Australia, the Philippines, and South Korea are reportedly being bought up. Wealthy […]
Oakville, with picturesque Lake Ontario waterfront and countless pockets of luxury homes, has boasted a strong housing market over the past few years. This suburban market was primed for balanced conditions coming into the new year, with an expected five-per-cent increases in prices, according to the RE/MAX 2020 Housing Market Outlook Report. Oakville is a hot […]
According to the CoreLogic Home Price Index Report, national home prices saw a year-over-year increase of 5.4% in May — up from a 3.6% gain in April 2019. CoreLogic attributes the growth to a decrease in housing supply because of the pandemic. “Tight supply and pent-up demand, particularly among millennials, provides optimism for a bounce-back in […]
Here’s how international markets are reacting. Images: Getty More Australia has shut down auctions and open houses, significantly impacting the number of homes hitting the market. Beyond that, however, it’s too early to know just what impact the Covid-19 pandemic has had on house prices. The most recent figures show Australian property values rising 0.7 per […]
Last week, New Zealand started lifting its lockdown restrictions, kickstarting its frozen housing market. Transactions that were on hold are now completing (or “settling”, as it’s known), and buyers can view homes. Its property market is very similar to Britain’s, which could soon be thawing as we come out of lockdown. So can New Zealand show us the future […]
Coronavirus hits the market just as it started to recover from slowdown after 2016 Brexit vote The UK housing market has come to a sudden halt, with sales expectations dropping to their lowest level in more than 20 years after estate agents closed their doors in the nationwide coronavirus lockdown. The score for sales expectations […]
The Greek housing market has doubtlessly slowed down this year, with the sale price growth rate declining for six consecutive months. Based on data from the first quarter of 2020, the slowdown marks are clear, as most areas observed a lower pace of price growth compared to the fourth quarter of last year. Across Greece prices grew at an annual […]
According to Property Finder, the total is the highest number of sales transactions recorded in Q1 in Dubai since 2017 Property Finder said mortgage registrations this year are consistently higher than 2019 on a weekly basis. Dubai saw a total of 10,243 real estate transactions, in Q1 2020, a 9.74 percent increase compared to Q1 […]
As Britain enters the most serious phase yet in its fight to tackle the coronavirus crisis, the traditional “spring selling season” in the housing market has been all but forgotten. The government’s crisis measures to limit the spread of Covid-19 mean estate agents, prospective buyers and surveyors are barred from making home visits — bringing the […]
