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Dark days for Western Australian property market

Plummeting house prices in Western Australia serve as a lesson to all would-be property investors. Western Australia is facing serious problems. Plunging commodity prices are forcing iron ore mines to shut, mining companies to cut jobs, and tax revenue for the state coffers to plummet. But one of the big casualties in this painful process that hasn’t received […]

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UK: House price rises accelerate, says ONS

UK house prices accelerated with a 9.6% increase in the year to the end of March, according to official figures. A lack of homes on the market is thought to be behind the rise at a time when activity was expected to have been curtailed by the election campaign. The annual rate of increase accelerated […]

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Fall in Chinese home prices moderates in April

The pace of the fall in Chinese property prices moderated in April, supporting growing optimism that the housing downturn may have turned a corner. Prices os new homes across 70 cities in the world’s second largest economy fell 6.1 percent in April from the year-ago period, unchanged from March, according to Reuters’ calculations of data […]

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UK:House prices in London to hit £1m by 2030

Analysts said stronger population growth and higher employment combined with a shortage of housing would drive house prices above £1m by 2030, which is double the current average of £490,000 The average London home will cost more than £1m by 2030, according to new analysis, as strong jobs growth and a chronic housing shortage continues […]

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US:The Housing Market Finally Has Some Traction

The housing comeback from the Great Recession has been long and slow. Now, finally, it looks as if we are finally getting some traction. Mortgage lending is strong, and that’s a good sign for both the economy and the stock market. The banking sector is one immediate beneficiary. There are others, including homeowners, naturally. Banks’ […]