House prices in the UK unexpectedly surged in June with a shortage of homes on the market driving the pace of increases to the fastest level in nine months. The Royal Institute of Chartered Surveyors reported that the average stock of houses per surveyor had fallen to the lowest level since it started collecting this […]
Over 500,000 homes now cost £1m or more and in 13 streets of London average house price is in excess of £10m The number of property millionaires in Britain has more than doubled over the past three years and broken through the 500,000 mark for the first time, it is claimed. There are now 13 […]
Turmoil in the Chinese stock market could have a quick and direct effect on U.S. housing. From newly built homes in Irvine, California, to Miami condos to Manhattan luxury towers, Chinese money has been flowing freely. The question now is, will trouble in the Chinese stock market translate into more or less cash coming into […]
The average price of detached homes in Toronto and Vancouver has topped $1-million, and that should make you wonder. Detached from what, exactly? I’d say reality. From Canada to China and Greece, the financial and economic news this summer is worrying. Only if you have gold-plated financial security in your life should you jump into […]
Immigration of is continuing to put upward pressure on rental housing costs and residential property prices, particularly in the Lake Geneva region, a report from Bern says. The housing market in 2014 showed price and rents “stabilizing at a high level”, suggesting that it is at the top of a real estate cycle, the Federal […]
House prices may be becoming a little “saner”, in the words of the Financial Times’s FastFT blog, but they’re still rising faster than average earnings – which means its getting harder to gain a foothold on the housing ladder. One of the main house price indicators published by Nationwide showed what City AM describes as a “surprise” […]
The ‘rise of the suburbs’ has seen house prices shoot up almost 20 per cent in the outer London boroughs of Barking, Brent and Dagenham in the last three months. Prices in the Essex borough of Barking and Dagenham were up 19 per cent in the last three months compared to the same period last […]
Dubai was one of the worst-performing housing markets in the first quarter of 2015, according to new research. Knight Frank’s Global House Prices Index scored the city 53rd out of 56 locations monitored – one place lower than Greece but higher than China, Cyprus and Ukraine. Property prices in the emirate fell by 6.1 per […]
Brisbane is set to buck a national trend and become the only Australian capital to escape declining median house prices in real terms over the next three years. But a BIS Shrapnel housing market outlook also warned of an impending oversupply of inner city apartments. The Residential Property Prospects 2015 to 2018 puts Brisbane’s estimated […]
SYDNEY, June 28 (Reuters) – Outlandish property prices make daily headlines in Sydney – a peeling 1900s three-bed with no kitchen sink for A$2.6 million ($2 million), a parking space in Kirribili for A$120,000 – and first-time buyers have little prospect of relief. Home price growth in the harbour city is well into the double […]
