The residential property market is not out of the woods yet but has seen a continuous uptick in sales volume since 2017 despite economic slowdown and subdued consumer sentiment, and the industry hopes to match the 2013 peak levels in a year or two.
U.S. home sales fell more than expected in September as the market continues to struggle with a dearth of properties for sale, especially for cheaper homes.
Improving market sentiment in France is translating into stronger demand for luxury property with Paris leading the way in terms of sales and price growth which is now expanding into regional markets, according to a new analysis.
Existing home sales in the United States fell back in September following two consecutive months of increases, down 2.2% month on month, the latest industry figures show.
Proposal to counter rising housing costs still requires approval by state parliament
Housing is a significant part of Australia's A$1.95 trillion ($1.3 trillion) economy, with residential construction accounting for around 2% of total employment and 6% of the country's gross domestic product (GDP).
The slowdown has squeezed the earnings of the emirate's top developers, including DAMAC, whose second-quarter profit fell 87% and whose share price has lost nearly 40% so far this year.
China's property investment stayed buoyant in September, boosted by a rise in new construction activity, underlining hopes that resilience in the sector will help cushion a broader slowdown in the world's second-largest economy.
Relaxed mortgage rules in Hong Kong that allow buyers to take on bigger loans will drive small-to-medium flat sales, property agents say, with the changes already prompting some sales.
Rents in major European cities are continuing to level out, even in Barcelona, Berlin and Brussels which have recorded the steepest climb in rental prices year on year, the latest data shows.
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