Real estate prices are down as much as 40 percent from the 2007 peak in many Spanish cities, but some analysts believe they have finally hit bottom.
“If we haven’t hit bottom, we’re just about there,” said Robert Javier Mangum, a founder of Coldwell Banker Mondedeu, a Madrid real estate firm.
You’ve heard it before: Canadian housing is in a bubble, and a price crash is headed our way. It’s been said enough times in the past six years or so that it seems safe to discount the warning altogether.
Property prices in Sydney and Melbourne continue to be the highest in Australia although the two cities are seeing growth ease slightly, the latest index shows.
Prices increased by 0.3% in Sydney and 0.6% in Melbourne in October compared with a national average of 0.2%, according to the CoreLogic RP Data index.
Aussie press: Chinese retreat from Australian property as capital controls bite
Knight Frank says demand in Shanghai is being driven by "the reversal of strict housing policies, and the introduction of new fiscal measures
The Kookmin Bank data showed its composite housing transaction price index rose 0.34 percent in October from August, less than a 0.47 percent gain in September and the slowest increase since February's 0.23 percent increase.
House prices in the Auckland region were 24.1 percent higher year on year, compared with a 22.6 percent rise the month before
Chinese conglomerate Shanghai Pengxin Group has been on a buying spree ever since it entered New Zealand in 2011.
The food giant has bought 29 farms through local subsidiaries to become the country's third largest dairy producer.
Pengxin's expansion plans in New Zealand seemed to be going smoothly until last month when the government unexpectedly rejected its $56m (£36m) bid to buy the sprawling and iconic Lochinver farm.
The market is “very strong,” Ms. Ortiz said. “We are at the end of a buyer’s market” that began around 2009. Inventory in the desirable historic Centro is tight, with sales and prices approaching 2007 levels. Well-located, well-priced homes “sell immediately,” she said. Buyers opt for more space and amenities in neighborhoods like Atascadero, Ojo de Agua and colonial San Antonio.
New home sales in Australia fell by 4% month on month in September, with the level of activity down from the April peak by 5.2%, the latest new data shows.
Detached house sales declined in four out of the five the mainland states with only Victoria seeing growth at 3.1%, according to the New Home Sales report from the Housing Industry Association (HIA).
They fell by 19.8% in South Australia, by 8.6% in Western Australia, by 5.9% in Queensland and by 0.5% in New South Wales. In Victoria detached house sales increased by 3.1%.
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