Office leasing activity in Manhattan remains strong but tell-tale signs - such as rising landlord concessions and companies that renew contracts rather than take new space - indicate a market in correction, realtor Cushman & Wakefield said Tuesday.
Higher Auckland house prices are not flowing through directly into the rental market, with the city’s average weekly rents seeing year on year increases of around 5%.
Rents continue to increase by approximately 5% year on year with the average weekly rent for a three bedroom Auckland home now $514, according to the latest report from Barfoot and Thompson.
Suburb pricing trends continue but Mt Albert, Parnell and Sandringham break the mould with year on year increases of over 11, the data also shows.
Residential property prices in Hong Kong stabilised in June with more activity mainly in the primary sector, as developers launched new projects with deep discounts and other enticements.
According to the Land Registry, residential sales in June edged up 0.7% month on month, reaching 4,620 units. The gain was attributed mainly to robust activity in the new homes market.
Meanwhile there have been more home buyers returning to the market looking for bargains, according to the latest monthly market review report from international real estate consultants Knight Frank.
A nationwide supply shortage has fuelled a rise of over 2% in the price of the average house in the last three months in Ireland.
The majority of counties in the country recorded price increases in the second quarter of 2016 with a lack of supply exacerbated by would be commuters moving further from Dublin as they look for more affordable homes.
The Real Estate Alliance Average House Price Survey shows that the average three bed semi-detached home nationally now costs €195,361, an increase of over €4,000 or 2.18% since the end of March and up 4.49% compared to the same time last year.
Thousands of energy industry employees have lost jobs and companies have slashed their capital budgets during the steep slide in crude prices.
German property firms expect a boom in Frankfurt as financial businesses move activities and staff out of London in the wake of Brexit, an industry survey showed on Monday.
SHOPPING centre giant Hammerson took a £1 billion punt on Ireland today, snapping up the nation’s biggest retail destination as a Brexit vote overshadows prospects at home.
New Zealand Prime Minister John Key on Friday urged the central bank to quickly impose curbs on the nation's hot housing market, signaling an urgency to prevent a potential collapse in the real estate market.
A pristine beach in New Zealand bought through a crowdfunding campaign has been handed to its new owners - the public.
Nearly 40,000 people donated almost NZ$2.3m (£1.3m, $1.7m) to buy the Awaroa beach in the Abel Tasman National Park, on the South Island.
Campaigners snubbed a businessman who offered them money in exchange for private access to part of the beach.
The volume of property sold to overseas buyers in the United States has declined slightly but Chinese people are buying more real estate, exceeding the amount of other top international buyers.
Research from the National Association of Realtors suggest that waning economic growth in many countries and higher home prices along with a strengthening US dollar was responsible for the slight overall fall.
However, the data, covering sales to overseas buyers between April 2015 and March 2016, reveals a significant fall in buying from non-resident foreigners. Sales to overseas buyers amounted to $102.6 billion of residential property, a 1.3% decline from the $103.9 billion of property purchased in the previous year’s survey.
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