Home prices in Trinidad and Tobago fell by about 20 percent, as they did throughout the Caribbean, after the global real estate crisis of 2008, Mr. Zephirin said.
The country has not recovered as quickly as some others in the Caribbean, brokers said. One reason is a government mandate issued in 2007 requiring foreign investors to obtain a license for all land purchases in Tobago.
Residential property prices in Ireland are continuing to increase year on year but the rate of growth has slowed considerably, the latest official data show
Figures from the Central Statistics Office shows that in the year to November prices at a national level increased by 6.5%. This compares with an increase of 7.6% in October and an increase of 16.2% recorded in the 12 months to November 2014.
Pending home sales in the United States fell slightly in November for the third time in four months as buyers continue to battle both rising home prices and limited homes available for sale.
Overall modest gains in the Midwest and South were offset by larger declines in the Northeast and West, according to the latest pending home sales index from the National Association of Realtors (NAR).
But now new housing estates are being built amid an economic boom as diaspora Somalis return and newly wealthy businessmen capitalise on the relative peace in the city
China's property sector has come under pressure in the past two years as new buyers were priced out of the market while the economy falters. Home sales fell 7.8 percent in value in 2014
Singapore's private home prices fell at their slowest pace since 2013, offering signs that the two-year-long run of successive quarterly declines in one of the world's most expensive property markets might be approaching a floor.
Singapore was one of the hottest — and most expensive — international markets from 2008 to 2013, when prices increased almost 80 percent, according to government data. But prices have slid in the last two years, after the government imposed restrictions on mortgages and placed additional taxes on purchases by foreigners to cool the market.
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