The housing market has experienced an acute shortage of homes for sale for about two years
Australian banks offer generous inducements to brokers to sign up new borrowers and negotiate larger loans, a system dismantled in the United Kingdom following the global financial crisis
While prices were up 3.0 % compared with a year earlier, according to the group's home price index, they were down 1.8 % from July as both sales and new listings fell, TREB said
Sales and prices in Vancouver had slowed immediately after a tax on foreign buyers was put in place in August 2016, but some economists expect the impact will prove to have been short-lived
Corsica, a Mediterranean island with about 330,000 residents, is known for its stunning beaches and is essentially divided into two housing markets, in the north and south, said Lionel Thomas, the founder and real estate director of the brokerage and advisory agency Mr. & Mrs. Thomas Private Office.
Well situated in the heart of the Mediterranean, Majorca has been visited by a record-breaking number of tourists in the last three years, partly because terrorism and political unrest have made destinations in Turkey and northern Africa less desirable, said Mark Harvey, a partner in the international residential team at Knight Frank. At the same time, the market for vacation homes has soared, outpacing the market on mainland Spain.
Compared with other luxury markets in France — especially those in the south or on the Mediterranean coast — the Atlantic coast and the northwest are more affordable, said Ronan Pradeau, founder of France Châteaux Sotheby’s International Realty.
Bali’s real estate market has weathered various local and international events — from the SARS epidemic of 2003 to the global financial crisis — with resilience, agents said.
The housing market in Panama slowed significantly after the 2008 global financial crisis, with prices falling, on average, 20 to 30 percent, according to Kent Davis, a managing director of Panama Equity Real Estate. He said the drop was not as pronounced in the Pedasí district.
The U.S. group put its Australian portfolio of 10 shopping centres, mostly in Sydney and Melbourne, on the market in April.
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