Sales of private homes by developers in Singapore fell 14.4 percent in January compared with a year earlier to their lowest in a year, government data showed on Monday, as real estate companies launched fewer units during the month.
Developers sold 322 units in January, the lowest since December 2014, data from the Urban Redevelopment Authority showed. Sales fell 16.1 percent from the 384 units sold in December.
Homes values in some urban areas in the United States are outpacing the value of homes in the suburbs in most top tier metros, new analysis has found.
City life is gaining in popularity and high-end condos are popular in Boston, Washington, D.C., Seattle, and other cities with fast changing downtowns, according to a report from real estate firm Zillow.
It points out that homes in the suburbs, a longstanding symbol of the American Dream, have typically been worth more, on average, than homes in urban areas. While that is still true in much of the country such as Nashville, Cincinnati, Ohio, and Richmond in Virginia, elsewhere things are changing.
Property values increased across all regions in Ireland in 2015 and that trend is likely to continue in 2016 according to the annual residential property review and outlook report from the Society of Chartered Surveyors Ireland (SCSI).
SCSI members expect the price of an average three bedroom semi-detached property to increase by between 4% and 8% in 2016 depending on location.
According to the national survey of over 700 estate agents and chartered, property values are estimated to have risen by approximately 8.8% nationally in 2015 but to have moderated to 4.8% in Dublin. In 2014 Dublin property values rose by 19.5%.
Seasonally adjusted new home sales in Australia finished last year strongly, recording a 6% increase in December, according to the latest data from the Housing Industry Association.
The growth has bee driven by both the detached house and multi-unit segments of the market. Data shows detached house sales increased by 2.2% while multi-unit sales were up by 21.1%.
HIA chief economist Harley Dale said the current healthy national construction volumes are expected to continue throughout the first half of 2016 but there are likely to be very large differences in new housing conditions across States.
Home prices across the United States, including distressed sales, increased year on year by 6.3% in December 2015 and increased month on month by 0.8%, the latest index shows.
And forecast data from the CoreLogic House Price Index also indicates that home prices are set to rise by 5.4% this year.
‘Nationally, home prices have been rising at a 5% to 6% annual rate for more than a year,’ said Frank Nothaft, chief economist for CoreLogic. However, he added that local market growth can vary substantially from that.
Beginning next week, many Canadians hoping to buy an abode will need to put more cash down before they can call it home. The extra cost might keep some would-be homeowners from mortgages they can't really afford, but it's unlikely to leave any lasting impressions on the country's most "overheated" real estate markets.
The federal government said in December that the Canadian Mortgage and Housing Corporation will require a 10 per cent down payment on any portion of a mortgage it insures above $500,000 and up to $999,000. That's double the five per cent down the Crown corporation currently asks to insure mortgages worth more than 80 per cent of a home's value.
Indian, British and Pakistani buyers topped the list of non Gulf area overseas real estate investment in Dubai in 2015, according to official figures.
Indians accounted for AED20 billion ($5 billion) of transactions last year, followed by British buyers with AED10 billion and Pakistanis with AED8 billion, according to the latest data from the Dubai Land Department (DLD).
However, buyers from the Gulf Co-operation Council states accounted for almost a third of sales, investing AED44 billion and Emiratis accounted for half of that at AED26.08 billion.
Saudi Arabia's King Abdullah Economic City (KAEC) is one of the most ambitious construction projects in the world.
The plan is to create a city of two million people and one of the world's biggest deep water ports.
It is hoped the $100bn (£68bn, 89bn euros) city will be a magnet for global business and tourism to rival Dubai, but as the plunge in oil prices continues to spook global financial markets, could these plans now be shrouded in uncertainty?
The number and value of disputes soared following Dubai's property crash that began in 2008, with 871 cases claiming a combined 14 billion dirhams ($3.81 billion) logged in 2010-11, data from the Dubai International Arbitration Centre showed
A favorable exchange rate, low interest rates and a drop in property prices are making real estate in France an attractive investment for foreigners, agents in Provence said.
Serious buyers have returned to the region, said Philippe Boulet, director of the St.-Remy-de-Provence office of the Emile Garcin real estate company. Fredrik Lilloe, the managing director of the brokerage Knight Frank French Riviera in Mougins, near Cannes, said his agency saw a 40 percent increase in inquiries between 2014 and 2015.
For years, the asking prices for luxury homes were out of touch with reality, Mr. Boulet said.
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