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Sydney’s housing market trumped by Canberra and Hobart

Australia’s property market has reached a turning point, with smaller cities taking more of a front row seat in the growth story. CoreLogic’s monthly figures show the capital cities with the biggest property price increases in November were Canberra (+0.9pc) and Hobart (+0.6pc). Melbourne dwelling values, on average, rose 0.5 per cent last month to […]

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Dubai’s housing handover upsurge

We look into the impact of a sharp increase in housing deliveries this year. Dubai has seen a significant upsurge in new home handovers during the first half of the year, with 12,525 deliveries as opposed to 5,039 during the same period last year, according to data from REIDIN. Dubai Silicon Oasis had the most […]

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Home prices hit three-year low on credit squeeze, poll period

Housing prices in Kenya registered sluggish growth in the third quarter of this year as the real estate market reeled from a politically charged environment that kept away investors and the adverse effects of interest rate caps. This is according to data from the Kenya Bankers Association (KBA) released Friday which showed that growth in […]

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Four in 10 home sellers in London cut asking prices as UK property market slumps further

The proportion of London home sellers dropping their asking price is rising as the property market slumps further. With more than four in 10 revising lower, the average price cut of 6.7 per cent reflects “initial over-optimism and a tougher market,” Rightmove said in a report published Monday. New vendors coming to the market in November are […]

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Confidence and activity in the housing market at lowest level since the referendum

Housing market activity and confidence are now lower than at any point since the referendum to leave the European Union, according to the Royal Institution of Chartered Surveyors. Its monthly residential market survey found that demand from new buyers and agreed sales had fallen again, partly due to a new caution over a potential interest rate rise and a slowing […]

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Sydney property drops after 17-month climb but Melbourne rises

   An auction sign outside a house in Sydney, which had a 0.1% decline in real estate prices in September. Photograph: Bloomberg via Getty ImagesHousing market figures varied as Hobart and Melbourne continue record streaks while Sydney falls 0.1%Sydney’s housing market is finally showing signs of slowing, with new data revealing prices have dropped for […]

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Italy’s Property Market hotting up for 2017

Last autumn, Italian house sales increased by nearly 17%, following on from a strong performance in the double digits in the first half of 2016. Summer 2016 saw the highest number of completed house sales for four years, a picture that could be seen across the country, not just in the hot spot Tuscany, which […]

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Can the rental market deflate China’s housing bubble?

Apartment blocks in Beijing © Reuters New policies should reduce imperative of homeownership Chinese home prices have climbed so much and so fast that cities like Beijing and Shanghai now rank among the world’s least affordable property markets. The high cost of living has reduced the competitiveness of local economies by making it difficult for young […]