A new report by CoreLogic revealed the September quarter saw the highest level of profitability for property sales in more than a decade. The rate of profit-making resales across Australia rose 92.4 percent during the three months and was the fifth consecutive quarter where the rate of profit-making sales increased. The national median gain was…
Australian Homeowners Profit From Sales Amid COVID-19 Lockdowns
January 18, 2022
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Australiaaustralian property marketBusiness & EconomyCoreLogiceconomyGlobal Real Estatehouse sale trendsreal estateWorld
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China Evergrande Shares Fall After Missing New Coupon Payments
HONG KONG—Shares of China Evergrande Group tumbled on Thursday after the embattled real estate developer did not pay offshore coupons due earlier this week. Evergrande, whose $19 billion in international bonds are in cross-default after missing a deadline to pay coupons earlier this month, had new coupon payments worth $255 million due on Tuesday for…
Portugal Tops List of Global Retirement Destinations
Florida, North Carolina, and Arizona move over. For the eighth year in a row, Portugal has ranked number one for global retirement destinations for residents of the United States and abroad. Live and Invest Overseas, an international publishing firm based in Panama City has just revealed its “World’s Top 15 Retirement Destinations for 2022,” and…
Housing Unaffordability: Feds Try to Increase Supply Without Cooling Demand
December 22, 2021
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Business & EconomyCanadaeconomic policiesGlobal Real Estatehousing affordabilityhousing supplyInvestmentmortgage stress testreal estateWorld
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Housing affordability in Canada is as bad as it’s been in over 30 years despite being a longstanding priority for Ottawa.
China Nov New Home Prices Suffer Biggest Decline in 6 Years
December 15, 2021
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Business & EconomyChinaChina Business & EconomyeconomyGlobal Real EstateMarketsnational bureau of statisticsnew homeproperty marketreal estate
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Chills over China’s property market spread in November as both home prices and sales slumped to a six-year low, according to official data on Dec. 15. According to the latest new home price indices released by the National Bureau of Statistics (NBS), new home prices in 70 tracked Chinese cities slipped 0.3 percent month-on-month in…
Thailand Edges out US as Most Popular Destination for Chinese Real Estate Buyers
The United States is a runner up to Thailand as the most popular country for Chinese international real estate investments, according to an internal report from Juwai IQI Holdings that provides one of the largest international property platforms in Asia. Based in Kuala Lumpur, Malaysia, Juwai IQI is the technology group for Juwai.com, offering some…
Political Parties Grapple With Housing Affordability Crisis
August 25, 2021
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Business & EconomyCanadaConservativesEconomieselectionGlobal Real Estategreenshousing affordabilityLiberalsNDPppcreal estateWorld
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Analysts can see repercussions from implementing national housing policies and point out that it’s debatable what role the federal government should play.
Canada Grapples With Familiar Housing Bubble as Demand Surges Amid COVID Support
Canada’s red-hot housing market is once again drawing calls for actions to cool it off lest the “bubble” bursts and creates grief across the economy.
Sydney ‘Pencil Tower’ to Be Australia’s Skinniest Skyscraper
A local development organisation has submitted plans for Australia’s skinniest tower in Sydney’s CBD. With a frontage of just 6.4 metres wide, the hotel tower will stand at a height of 110 metres on Pitt Street. Plans for the 31-storey building were designed by Durbach Block Jaggers architects following an international design competition. The selected design…
Pandemic’s Effects on Retail Weigh on Commercial Real Estate
As lockdowns and curfews ramp up across Canada, the retail sector’s struggles to adapt to the pandemic are playing a large role in determining what works and what doesn’t in commercial real estate.
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