The rise in new home prices continues to ease as Canada’s housing market cools, particularly in the west.
Statistics Canada said Thursday prices for new homes rose 2.7 per cent in July, a slowdown from the 3.5 per cent pace a month earlier.
On a monthly basis, prices rose 0.1 per cent.
“The growth rate of the index [...]
A rental market survey shows that 38 per cent of rental units in Calgary turned over last year and the top reason for people leaving their units was for home ownership.
The survey, conducted by Canada Mortgage and Housing Corp. for the Calgary Apartment Association, said the next two top reasons were job relocation and financial [...]
WOLVERHAMPTON, England — British Prime Minister Gordon Brown unveiled the first in a series of measures to prop up the collapsing housing market — and his anemic approval ratings.
The U.K. Treasury said it was suspending the stamp-tax duty on housing transactions for homes valued as much as £175,000 ($315,315). The suspension will be for a [...]
The current supply of real estate properties in Bulgaria is much higher than the demand while there is a serious segmentation of the real estate market regarding the different types of properties, according to Lachezar Iskrenov, Chair of the National Real Estate Association, who spoke before Darik radio Wednesday.
Iskrenov believes that because of the high [...]
“For sale” signs clutter the streets in London these days, an ever-present reminder of the deteriorating housing market and economy. But homes in the capital remain so expensive that the government’s housing stimulus plan, unveiled Tuesday, falls short, economists and real-estate agents said.
The plan to excuse people from paying a tax on buying residential property [...]
MADRID — Spanish home sales and new mortgage approvals fell sharply again in June, signaling continued pressure on Spain’s once-flourishing home-building industry that fed the country’s decadelong economic boom.
Home sales fell at an annual rate of 29.6% in June, while the number of new mortgages fell 37.7%, data released Thursday by Spain’s National Statistics Institute, [...]
Aug. 28 (Bloomberg) — U.K. house prices posted the biggest annual decline in almost two decades in August after tighter mortgage lending and the prospect of a recession discouraged home buyers, Nationwide Building Society said.
The average value of a home dropped 10.5 percent to 164,654 pounds ($301,500), the biggest drop since the final quarter [...]
Italy’s position as one of the world’s leading tourist destinations is stronger than ever as Italian holidaymakers opt to spend free time exploring their home country.
“Italians show a strong passion for their homeland, being the main visitors to the sunny southern regions and creating an increased demand for rental property in these areas,” says Cary [...]
Investment in Canadian commercial real estate declined sharply in the first half of 2008 and investment for the year as a whole is expected to be considerably lower than last year’s record level, says a mid-2008 report on the investment market by CB Richard Ellis Limited.
The report says that in the first six months of [...]
Palmetto Bay Resort at Maya Beach, a secluded tropical hideaway in Southern Belize situated on 16-miles of white sand beaches, today announced that real estate sales will begin on September 30th for the resort’s first phase. Buyers can now own unprecedented luxury beachfront Belize real estate and participate in two unique owner programs.
The first phase [...]