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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
The Canadian government moved to shore up the nation’s banks by taking on some of their mortgages in a bid to ease higher borrowing costs that have crippled lending. Toronto-Dominion Bank and Bank of Nova Scotia responded by cutting their prime rates.
Canada Mortgage and Housing Corp., a government-run agency, will buy as much as C$25 [...]
BRADENTON, Fla. – Oct. 10, 2008 – Florida is becoming a hot spot in the global real estate market.
Declining property prices coupled with a desirable climate is making the state an attractive investment and bargain for foreign buyers.
And local real estate professionals are taking advantage of that appeal and doing more to establish international relationships.
“The [...]
If we wanted to choose a logo for this year’s Expo Real, one of the world’s largest international commercial real estate exposition, it would probably be a gigantic question mark. The players of the world’s property markets are undoubtedly concerned about the global financial predicaments, although there is hardly anyone who would dare to make [...]
The current rental market is thriving while housing sales continue to fall, according to the latest lettings survey from the Royal Institution of Chartered Surveyors (RICS).
Many would-be sellers chose to become landlords in the current climate, highlighted by the fact that new instructions to let in July increased at the fastest pace in the survey’s [...]
Australian real estate experts welcomed the surprise interest rate cut, saying it should stimulate the market.
Real Estate Institute of Victoria chief executive Enzo Raimondo expects the market to lift within weeks.
“We may see the effects in the next two to three weeks as it starts to build confidence in the community,” he said.
“Those that have [...]