Milan’s housing market is undergoing a slow recovery in the aftermath of Italy’s prolonged recession and amid continued concerns about the stability of its debt-burdened banking system. The housing market bottomed out in 2012-13, according to a recent report on the luxury market from Tirelli & Partners, a real estate company. While demand had shifted markedly to rentals, the report said, sales have been climbing since 2014.
Canada's vacancy rate increased to 3.4% in October from 3.3% a year earlier, as the number of new units hitting the market outpaced the rise in occupancy, the Canada Mortgage and Housing Corp said on Monday.
Loose credit and changing habits have rapidly transformed the country's famously loan-averse consumers into enthusiastic borrowers.
A sharp decline in home prices is "unlikely" in the next six to 12 months, given relative low inventory levels in first- and second-tier cities, the report said.
Highly-qualified professionals such as engineers could get skilled migrant visas that allow them to settle in the country - adding some extra demand to the housing market.
Financiers and estate agents say Asian investors have found new avenues to re-enter the market, including targeting cheaper homes and settling in cash.
The Commerce Department says home construction soared 25.5% to a seasonally adjusted 1.3 million in October.
The real estate business in Morocco is affected by unrest in the Middle East and the ongoing turmoil in some other parts of North Africa, according to Mr. Peto.
Property prices, which began a recovery in 2013 from a crash five years earlier, stabilised at an annual growth rate of around 4 to 5 % a year ago, then started picking up again over the past three months.
The widely followed Abrainc-Fipe index showed a 25% slump in the launch of new home construction projects in September from the same month a year ago.