Property prices in Auckland, New Zealand, remained stable last month but there was a significant fall in the number of sales compared to those in November and a year ago.
The average sales price for December at $869,492, down 0.8% on November's record average price while the median price rose to an all-time high of $800,000, up 0.6% on that for November, according to data from Barfoot and Thompson
A unified real estate database is seen not only as vital for authorities to administer the housing market, but could also force corrupt local officials to disclose properties purchased with illicit funds, industry experts say
Dubai is usually associated with luxury property that fits with the glitz associated with the celebrities and wealthy property owners in the emirate but several new announcements now suggest otherwise.
One developer is to build a series of affordable homes in Dubai while over 200 dilapidated villas that were lying empty are to be demolished.
According to property advisory firm CBRE office space leasing in 2015 was the highest ever in India’s top seven cities at 38 million sq ft
Sales volumes on houses, condos and townhomes in the C$1 million to C$2 million range jumped 43.3 percent in 2015, while those in the C$2 million to C$4 million range climbed 46.2 percent, Sotheby's found
After a prolonged slowdown, the real estate industry is now hoping that new measures by the government such as housing for all and opening up of foreign direct investment alongside softening of interest rates could bring in the much needed push for the sector.
The Toronto Real Estate Board says that 2015 was a record sales year for its members.
The number of sales last year through TREB realtors totalled 101,299 — up 9.2 per cent from 2014.
Residential property values were flat in capital cities in Australia last month with Sydney, Canberra and Adelaide seeing price falls.
The downturn in these cities were offset by values rising across the remaining five capital cities, according to the latest CoreLogic RP Data home value index.
Residential property prices in Cyprus appear to be stabilising but experts are divided on how the market will pan out over 2016.
The most up to date figures from the Cyprus Central Bank’s index covering the third quarter of 2015 shows that prices fell by 0.3%, consistent with the 0.4% and 1% falls during the previous quarters.
The Council on Tall Buildings and Urban Habitat keeps tabs on skyscrapers under construction around the world. Of the 10 tallest due for completion this year, six are in China, two in Dubai and one each in Seoul and Moscow
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