Japan's property market has rebounded since late 2012, when Prime Minister Shinzo Abe took office and launched an aggressive monetary easing plan
The collective net worth of the country’s richest developers has rocketed since the start of the year, adding $44.3 billion to the fortunes of seven real estate tycoons
The Canada Mortgage and Housing Corp said that although the market in Toronto, Canada's largest city, had cooled recently, it remained overvalued
Li did not specify what the challenges were, but said China would further improve the housing price statistics system and calculation methodology to "better facilitate state macro-control in the property market"
The Copenhagen real estate market is hot these days, with home sales up 9 percent in September, compared to a year earlier, said Thomas Hovgaard, the press officer for Nybolig, a real estate agency.
Demand is particularly high for small apartments, Mr. Hovgaard said. In recent years, the local government has prioritized building larger apartments to attract families, he said, but “Copenhagen has too many students and far too few apartments.” Prices for apartments in the city, he said, have increased 11 percent in the last year, from 35,000 to 39,000 krone a square meter (or about $511 to $566 a square foot).
China's economic planner and housing ministry will launch a month-long joint inspection of property developers and estate agents for any signs of price manipulation and falsified contracts, the housing ministry said on Wednesday.
New Zealand will ban foreign buyers from purchasing existing homes in the country in an effort to cool soaring property prices.
Prime minister-elect Jacinda Ardern said the ban only applied to non-residents.
The country is facing a housing affordability crisis which has left home ownership out of reach for many.
Low interest rates, limited housing stock and immigration have driven up prices in recent years.
Average new home prices in China's 70 major cities rose 0.2% in September from the previous month, the same as the increase in August
China’s central bank chief on Thursday issued a stark warning about asset bubbles in the world’s second-largest economy, which looks set to clock its first acceleration in annual growth since 2010, driven by public spending and record bank lending.
China stocks fell on Thursday after slightly slower economic growth in the third quarter and soft property sales caused concern the economy will see further cooling.
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