Although Ireland was left with a surplus of houses after the 2008 crash that halved values, homes have become especially scarce as the economy and population grow faster than anywhere else in the EU.
Two decades ago, Australian property developer Bill Gertos found a house sitting empty in Sydney. So he changed the locks, repaired the property - and began leasing it to tenants.
Residential investment contracted in the first half of the year and is expected to have declined further in the third quarter.
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Luxury prices are inching up in Nassau, thanks in part to foreign investors who see the island nation as a safe investment.
The guidelines, which apply to applications for developments outside the central area received on or after Jan. 17 next year, tighten rules first introduced in 2012.
A cooling market could sharply increase the downside risks to the world's second-largest economy, which faces broader headwinds including an intensifying trade war with the United States.
On the island’s less-trafficked northern coast, where “everything is on a smaller scale,” a stable economy and increased tourism are driving a slow market uptrend.
The Commerce Department said Wednesday that housing starts slipped last month to a seasonally adjusted annual rate of 1.2 million, down from 1.27 million in August. So far this year, starts have increased 6.4 percent.
Average sales prices for apartments and villas have declined six percent from the previous quarter, the agent said in a report on Monday. Off-plan sales volumes were down 31 percent, compared with 11 percent for completed units.
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