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What $1 million buys in real estate around the world

Monaco reigns as the most expensive market in the world, according to a report from real estate brokerage Knight Frank. Hong Kong and New York took second and third, respectively. If you’re looking for a bargain in luxury real estate, check out Sao Paulo or Cape Town, South Africa. Robert Frank | @robtfrank       for […]

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Greek property market halts its slide

The Greek property market showed the first signs of recovery in the last quarter of 2017, moving up the charts of countries surveyed by the Global Property Guide and Knight Frank. According to the Global Property Guide’s annual price index, Greece now ranks 39th among 45 countries surveyed, while at the height of the economic […]

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Fourth month of price declines in softening property market

OLIVIA CAISLEY Reporter Sydney @livcaisley The housing market has slumped again with preliminary figures suggesting a soft start to March. While the previous auction ­results in late February had been hailed a “super Saturday”, AMP Capital Chief economist Shane Oliver said that spike in auction clearance rates was just a “temporary boost”. At the weekend […]

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China aims to keep property market stable in 2018

BEIJING (Reuters) – China aims to pursue “stable and healthy development” of the property market in 2018 with an increased focus on providing affordable housing and developing the rental market, Premier Li Keqiang said in a government work report released on Monday. “China will maintain the position that homes are for living in, not for […]

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Tight supply, rising prices weigh on US home sales

U.S. home sales unexpectedly fell for a second straight month in January. Existing home sales last month were weighed down by a persistent shortage of houses that is pushing up prices and keeping first-time buyers out of the market. U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than […]

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10 states predicted to have strong housing markets in 2018

The housing market in the U.S. has experienced a major uptick over the past two years. In 2016, existing home sales were the strongest they’ve been since 2006. More than a decade after the worst housing crisis in U.S. history, it seems we’re finally in a sustainable recovery period. As we enter 2018, the housing market […]

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Slow start to housing market for 2018

Sydney’s continuing home price slide kept capital city values largely flat last week, while auction activity has increased. The number of home auctions rose to 779 in the week to February 4 – almost triple the number of a week earlier – but that was down on the 881 in the same period a year […]