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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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Sky-high Hong Kong: can anything stop the boom in property prices?

Do what it may, the Hong Kong government seems powerless to rein in the territory’s booming property market. In January, the city was judged the world’s least affordable by US planning consultancy Demographia for the eighth successive year (the survey reviewed nine leading global housing markets including the US, China, Singapore, UK and Japan). The […]