Vietnam's property market has been badly hit during the COVID-19 pandemic, with apartment prices in Ho Chi Minh City falling by 14.51% during 2020, in inflation-adjusted terms, in stark contrast to a whopping 69.47% house price rise in 2019. Quarter-on-quarter, house prices increased 1.93% in Q4 2020.
The residential property market in mainland China picked up gradually in the third quarter of 2015 amid a series of favourable policies such as cuts in interest rates, relaxed restrictions on foreign purchase and an easing of housing provident fund loans.
Luxury home prices rose further in first tier cities including Beijing, Shanghai and Guangzhou, where the markets continued to clear inventories, according to the latest Greater China property market report from international real estate firm Knight Frank.
Continued low interest rates and mortgage market competition has led to another fall in the number of homes repossessed in the UK, figures show.
There were 5,000 homes repossessed in the third quarter of the year, the Council of Mortgage Lenders (CML) said.
This compared with 5,400 in the previous three months and 7,200 in the same quarter last year.
Builders are preparing to construct new UK homes at a rate not seen since the before the financial crisis, new figures show.
Figures from the National House Building Council (NHBC) show there was 36,343 new home registrations between July and September - the highest number since 2007.
Housing and planning minister Brandon Lewis has urged more councils to come forward and take advantage of new financial measures designed to help them build new affordable homes across England.
That call came as the minister confirmed that 22 councils will be able to borrow an additional £122m over the next two years to deliver over 1,700 new affordable homes and support local growth.
An ambitious proposed £500m riverside redevelopment project linking Cardiff Bay and the city centre which would provide the Welsh capital with over 2,000 much needed new homes has suffered a set-back.
Abu Dhabi United Group, which owns Manchester City football club, will invest in a plan by Manchester City Council to build new homes.
The council plans to build at least 830 new homes in the Ancoats area of the city and neighbouring New Islington.
The plan will need to raise £1bn in the next 10 years and may need further investors to build the homes.
In over a third of English local authorities, the number of homes that have been empty for more than six months are on the rise, despite an overall decrease nationwide, according to new figures from the Empty Homes Agency.
Chancellor George Osborne announces a new Help to Buy scheme, aimed at helping people to buy their own homes. He has also launched a mortgage guarantee scheme, to increase mortgage availability.
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