International Realty

Crisis hits Sweden’s housing market

Oct 21st, 2008 | By RT Staff | Category: International Realty

Shockwaves from the financial crisis are rippling through Sweden’s housing market, resulting in falling prices and accelerating the already slowing pace of new construction.
The slump in housing prices between July and September has been felt primarily by owners of apartments rather than houses, and for people living in the Stockholm area.
According to a survey by [...]



China property market may warm up till 2010

Oct 20th, 2008 | By RT Staff | Category: International Realty

China’s real estate market may enter another round of expansion around 2010, after the adjustment and transformation of the market, predicted a professor from Zhejiang University.
Jia Shenghua, deputy of the real estate research center in Zhejiang University, said that unlike ordinary consumables, the real estate sector is a quasi-financial market with periodicity.
“Judging from the current [...]



Rental supply in Ireland rises by 10% per month as sales slump

Oct 16th, 2008 | By RT Staff | Category: International Realty

THE STOCK of rental properties on the market is growing at a rate of 10 per cent per month and is now approaching 10,000 homes according to the property website myhome.ie.
The rapid growth in the rental market suggests that would-be buyers are opting to rent rather than buy homes because of the uncertainty in the [...]



Canada’s housing price slide easing up, says CREA

Oct 15th, 2008 | By RT Staff | Category: International Realty

Fewer Canadian homes were sold in the third quarter but the number put on the market also dropped - a sign that a slide in housing prices is beginning to slow, says the Canadian Real Estate Association.
A total of 76,391 homes were sold in major Canadian markets in the summer quarter, a dramatic 10.7 per [...]



UK House Prices Dived by 2.7% During August

Oct 14th, 2008 | By RT Staff | Category: International Realty

The average cost of a home dropped to £211,410 during the month, driven down by a 5.1% fall in the value of flats and a 3% slide in the cost of terrace houses, according to Communities and Local Government.
Across all buyers, a total of just 42,200 mortgages worth £6 billion were advanced for house purchase [...]



Australian Housing Market Continues to Slow

Oct 13th, 2008 | By RT Staff | Category: International Realty

The Real Estate institute of Western Australia (REIWA) says Perth’s housing market is continuing to slow with the median house price dropping by four per cent in the September quarter.
The president of REIWA, Rob Druitt, says the median price fell from $445,000 in June to $426,000.
The average number of days it takes to sell a [...]



Mortgages in Russia Now Even Harder to Get

Oct 13th, 2008 | By RT Staff | Category: International Realty

While real estate prices continue to hold near their highs, banks are preparing for a decline in property values by tightening mortgage requirements, making it harder for consumers to receive a loan.
“I’ve called all the banks, and each one said they were in the process of renewing their terms and regulations,” said Mikhail Sergeienko, a [...]



Canadian sellers find it’s suddenly a ‘buyer’s market’

Oct 13th, 2008 | By Gregory Arzumanov | Category: International Realty

TORONTO, Canada - Oct. 13, 2008 - For the first time in more than a decade, Canadian Realtor Graham Reid is telling his clients the house they are about to put on the market may not sell.
It’s a tough piece of advice for sellers to hear considering that a few months ago home sales and [...]



Housing Market Sluggish During China’s Golden Week Holidays

Oct 13th, 2008 | By RT Staff | Category: International Realty

For a long time China’s “Golden Week,” a long holiday celebrating National Day, has been synonymous with a boom for the housing market. However, despite high expectations for this year’s holiday by Chinese real estate developers, the market in Beijing, Shanghai and Shenzhen has instead shown itself as sluggish.
Beijing: Housing Sales Drop Over 70 Percent [...]



EXPO REAL 2008 – Growth despite the credit crisis

Oct 12th, 2008 | By Gregory Arzumanov | Category: International Realty

Again this year EXPO REAL has recorded strong growth. The 11th International Commercial Property Exposition, which took place in Munich from 6 to 8 October 2008, attracted 24,500 trade visitors from 77 countries (2007: 23,800 from 77 countries). In addition, at the exhibition stands, there were over 17,500 company representatives. The figure for participation in [...]