Residential rents across Australian capital cities were virtually unchanged in October, down by 0.1% over the previous month, according to the latest index data.
Rents were lower in four of the eight capital cities covered by the CoreLogic RP Data rental review report and the annual rate of change increased slightly from 0.5% in September to 0.6% in October.
Paying for a mortgage is still more affordable than renting in the United States but saving enough money for a down payment has become increasingly difficult for first time buyers.
According to the latest analysis report from real estate firm Zillow this is particularly the case in markets where home values are rising rapidly.
Victoria, a city of roughly 80,000 in a greater metropolitan area of about 345,000 on Vancouver Island, has had a robust single-family housing market in the last several years, said Bill Ethier, the president and managing broker of Royal LePage Coast Capital Realty.
Coldwell Banker's annual Home Listing Report compares the average listing price for four-bedroom, two-bathroom homes across 2,700 US real estate markets
The residential property market in Cyprus is still struggling despite the island’s economy showing signs of stability in the third quarter of 2015, with sales volumes low.
Across Cyprus house prices fell by 0.5% and apartment prices by 0.4%, according to the latest index from the Royal Institution of Chartered Surveyors (RICS).
Buyers in the prime central London property market are still cautious with the £5 million plus sector seeing particularly low activity levels, according to new research.
There is an increasingly polarised market in this sector where growth is still being seen at the lower end and high end sales are limited in volume, according to the latest statistics covering the third quarter of 2015 from Strutt & Parker.
With Canadian household debt hitting record highs this fall, economists are trying to figure out who's most at risk in the event of a debt shock, like a fall in house prices or a spike in unemployment. Two new reports issued Monday aim to do that, from two different perspectives.
Canadian housing is overheating and Toronto’s housing market is especially at elevated risk of a “severe correction” due to an oversupply of condos, the OECD says.
But CIBC thinks the international organization is “barking up the wrong tree.”
Auckland and its surrounding regions have driven most of the recent growth in building consents for new dwellings in New Zealand, according to the latest official figures to be published.
In September 2015, some 2,242 new dwellings were given in permission in the country as whole, up 13% from the same month last year, the data from Statistics New Zealand shows.
Rent controls are set to be introduced in Ireland, with the move due to be agreed by the Irish cabinet tomorrow.
It is understood that landlords would only be able to increase rents every two years.
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