A house with a sale price of 20 billion rupiah ($1.45 million) or above is now subject to 20 percent luxury tax, according to a new ministerial decree
Just 10 years ago, the affluent suburb of Yerrer View was little more than fields. Today, imposing villas with pillars stand behind neatly-trimmed oleander hedges
Canadian house prices would drop 26 per cent on average if oil fell to $35 a barrel and stayed there for five years, says the CEO of Canada Mortgage and Housing Corp.
Evan Siddall made the comment at an event in New York on Monday, where he shared with his audience the results of “stress tests” the CMHC ran on Canada’s housing markets.
Home sales in the Prague area have been increasing in recent years, fueled by the improving economy and low mortgage rates, agents say. “Since late in 2012, sales have been picking up significantly,” said Peter Visnovsky, director of Lexxus, a Czech property company.
Three rulings by Spain's Supreme Court have left the owners of more than 16,500 homes built in Marbella since 1986 in legal limbo by declaring planning regulations void.
In a series of decisions, the country's highest court has declared null and void Marbella's urban planning regulations that were passed in 2010 and which legalised thousands of homes constructed since the previous town plans, dating back to 1986, were approved.
Deteriorating housing affordability will the main drive factor of residential property trends in the United States in 2016, according to a new analysis report.
A lack of affordable homes near city centres will push new and first time buyers to suburbs that feel like walkable, amenity rich mini-cities, says the study from real estate form Zillow.
The issue all starts with the ballooning balance of student loans young people are taking on
Strong housing helped Canada weather the worst of the global financial crisis as the the U.S. housing market south of the border collapsed
Australia's economy grew more than expected, picking up pace in the second half of the year as exports rose.
The economy grew 2.5% in the three months to September from a year ago, compared with 1.9% in the previous quarter and above forecasts of 2.4%.
It grew 0.9% from the previous quarter, also beating expectations of 0.8%.
India's economy grew at an annual rate of 7.4% between July and September, official figures show, picking up from the 7% rate of growth in the previous quarter.
Higher domestic demand and manufacturing activity fuelled the pace, taking the rate of growth above that of China.
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