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 [...]

THE weekend after the AFL Grand Final is typically a bumper one for the real estate market – and agents say they expect no less, despite a week plagued by share price turmoil and interest rate uncertainty.
Real Estate Institute of Victoria chief executive Enzo Raimondo said there was no indication the financial volatility has scared [...]

UK commercial property worth five billion pounds ($8.92 billion) changed hands in the three months to end-September as the market continued to shrink due to a lack of debt funding and falling prices, data showed on Wednesday.
Property services firm Jones Lang LaSalle said British direct real-estate investment in the third quarter was down about 17 [...]

The London rental market is already beginning to feel the impact of the Lehman Brothers collapse as tenants give notice to leave rental properties.
Cluttons, a network of estate agents covering property sales and lettings across London, has already had a number of tenants based in the Belgravia and Wapping areas give notice on their rental [...]

Canadian existing home housing prices are decelerating quickly with the steepest decline in more than a decade recorded in August, as analysts say homeowners in some cities should prepare for further depreciation.
The average price of a residential property sold through the Multiple Listing Service was $316,052 last month, a year over year drop of 5.1 [...]

Half of the houses on sale in Harrow have been on the market for more than three months, according to a new survey.
In January only 20 per cent of properties in the borough were on the market for more than three months, but this has near-tripled to 56 per cent last month.
Estate agents have experienced [...]

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 [...]

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 [...]

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 [...]