Sales of existing homes rose 10 per cent in December compared to the same month the previous year, the Canadian Real Estate Association said Friday.
The national average price for a home sold last month was $454,342, up 12 per cent from a year ago, boosted by gains in the Vancouver and Toronto regions. Excluding Greater Vancouver and Greater Toronto, the average price was $336,994, up 5.4 per cent from a year ago.
Leung Chun-ying, in his annual policy address, said the lack of affordable housing was "distorting the values of young people" and that the government would play an active role to boost China's "One Belt, One Road" initiative
The Cabinet Secretariat said on its website on Tuesday that President Joko Widodo signed a regulation late last year giving foreigners the right to buy a landed house for three decades, with a possible extension of another 50 years
Quotable Value's (QV) residential property price index rose 14.2 percent in the year to December, compared with an annual rate of 15 percent in the previous month
Property prices rose 11% in Sweden in Q4 2014, according to Statistics Sweden, the government stats agency
Prices for holiday homes have dropped as much as 15 per cent in the past three years, according to Swiss bank UBS.
Prices for apartments increased 17.5 percent while single-family house prices rose 12.4 percent on the year
Dubai is set to see a more stable real estate market in 2016 with prices expected to rise slightly and rents remain stable in the coming 12 months.
New growth is likely to centre on affordable homes with several developers already announcing a foray into this sector of the real estate market. International City, IMPZ, Dubailand, Sports City, JVC and Silicon Oasis already have a number of lower cost options for buyers.
The value of all homes nationwide in the United States grew $1.1 trillion in 2015 and is expected to end the year at $28.5 trillion total.
However, the value of the entire housing stock grew 4.1% in 2015, slower than the 6% growth in 2014, according to the data from real estate firm Zillow.
Spain, Cyprus and Portugal could offer British buyers looking for a holiday home some bargains in 2016 with experts revealing that properties are starting at €50,000.
Some parts in Spain in particular currently offer some low priced properties that are not the wrecks usually associated with the bottom end of the market, according to Martin Dell, director of Spanish property portal Kyero.
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