New home lending to owner occupiers in Australia saw solid growth during April, up 4% month on month but still 5.9% lower than a year ago.
The figures, published by the Australian Bureau of Statistics, also show that loans for building new homes increased by 4.4% and for buying new homes there was a 3.3% rise.
The official figures confirm that demand for new home purchase across Australia remains very strong, according to Housing Industry Association, the voice of the residential building industry.
China's home prices are expected to rise modestly this year and next, with property controls likely to be extended to more cities as major markets heat up, a Reuters poll showed.
Mexico City’s real estate market is performing very strongly this year, agents said. There are many new developments, and prices across the board have increased. This is partly because of a strengthening Mexican economy, and partly because sellers have adjusted to a new tax on capital gains that temporarily made them hesitant to put their homes on the market, agents said.
A chronic lack of supply is fuelling a regional growth in house prices and sales volumes in New Zealand, according to the latest monthly index report.
Sales volumes hit new levels and median house prices reached new record highs across more regions of New Zealand than ever before, according to the latest figures from the Real Estate Institution of New Zealand.
Record median prices were reached in Waikato/Bay of Plenty, Taranaki, Canterbury/Westland and Otago. The report explains that this shows the growing halo effect of rising prices around New Zealand is strengthening in the regions where it is already present, and moving on to new regions, driven by a chronic lack of supply.
More than 80% of properties bought in Marbella in Spain are bought by foreigners, much higher than the country’s average, new research shows.
Overall data from Spanish registrars show that 13.8% of properties are sold to overseas buyers as of the end of 2015 and of those more than 60% were from within the European Union. But the Marbella Property Market Report 2016 from Panorama Properties Marbella, a well-established estate agency, shows the area is very popular as it is regarded as a safe and high quality destination for investment.
According to Christopher Clover, the firm’s managing director, there has also been a change in where the foreign investors come from and he is predicting an influx of Iranian buyers thanks to the newly opened Iranian market.
France has overtaken Spain to take the top spot on the latest overseas mortgage chart, with some 53% of loan enquiries in the first quarter of 2016, new research shows.
Ideal buying conditions are drawing British buyers in particular back to the French property market, according to the report from overseas mortgage specialist Conti.
It points out that French mortgage rates are at their lowest in decades and the country’s previously sluggish housing market is turning a corner at last, with reports of price increases and accelerating sales.
Investment is set to double in the next five years as wealthy rush to get their money into overseas assets, especially houses
In Abu Dhabi real there was a slight decrease in demand for higher priced residential units but sales activity was slow although relatively stable except for a handful of transactions concluding at below market rates.
A fee of 3% on home rentals was announced as a Municipality Contract Fee, which will be applied to all Abu Dhabi’s expat residents and this could affect the market, according to the latest UAE property review from Asteco.
Rental rates for prime and high quality residential apartments fell 2% compared to the fourth quarter of 2015, the report data shows. However, apartment rental rates remained, on average, 4% higher than the previous year’s rates.
The housing market in Montenegro was affected by the global real estate crisis of 2008, with a loss of foreign buyers, though Russians did continue to buy homes, said Ivana Vukicevic, the head of the property portfolio at Montenegro Prospects. While housing prices plummeted by as much as 20 to 30 percent in mid-2009, the cost of land was rising, as Russians sought property on which to build homes.
Hong Kong home prices edged up 0.5 percent in April, snapping a half year of monthly declines, but were still down 5.6 percent from a year earlier, data showed on Tuesday.
Home prices rose to 258.8 on a government index in April, from 257.5 in March, according to the Hong Kong government's Rating and Valuation Department.
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