Property prices across Ireland are 34 percent below their 2007 peak, but the country's central bank introduced restrictions on mortgage lending in January after a surge in prices in Dublin last year amid a supply shortageReuters | 24 December 2015, 5:00 PM IST
Existing home sales in the United States fell considerably in November to the slowest pace in 19 months, according to the latest monthly report from the National Association of Realtors.
However, some of the decrease was likely because of an apparent rise in closing time frames that may have pushed some transactions into December, the report says.
Property price growth in Sydney and Melbourne is expected to slow in 2016 as prices have peaked, according to an outlook report from the Housing Industry Association (HIA).
It points out that as of November pries had increased in Sydney by 12.8% year on year and in Melbourne by 11.8% year on year. Then there was a huge gap to Brisbane where prices increased by 4% year on year.
Buying a home in the United States is still more affordable than renting in the majority of markets, according to the latest analysis from real estate data firm RealtyTrac.
But the opposite is true in markets with the biggest increase in the millennial share of the population over the last six years, the research also shows.
A new withholding tax on sales of residential property in New Zealand by people who live overseas and go on to sell the property within two years of purchase will be introduced in 2016.
The Residential Land Withholding Tax (RLWT) is the third part of the Government’s investment property tax reforms announced as part of its Budget 2015. It will come into force on 01 July 2016 under a new Bill before Parliament.
Some parts of Dubai have seen residential property sales fall by more than 40% in the last two year but looking ahead the market is set to pick up in 2016.
Reports from the Unitas Consultancy and Reidin show that house sales in Dubai Marina, for example, fell to less than 1,500 in the first three quarters of 2015 compared to 2,250 during the same period in 2014, and down from 2,700 in 2013, a fall of 46%.
The Lisbon metropolitan area, with more than 2.8 million residents, suffered after the global financial crisis of 2008, with home prices falling by 20 percent to 25 percent, agents said. But several actions taken by the government in 2009 — including the passage of an attractive new tax program for part-time residents — have helped the housing market in the Lisbon area, which includes Setúbal, to recover completely.
Residential property prices increased by 4.5% in the third quarter of 2015 compared to the same period in 2014, according to the latest data from the National Statistics Institute.
The details from the housing price index means that prices have now increased for six quarters annually in a row following six years of decline and it is the highest quarterly rise since the last quarter of 2007 when growth was 5.7%, just before the global economic downturn.
Compared with a month earlier, home prices in November rose 0.3 percent, improving from October's gain of 0.2 percent, according to Reuters calculations based on data from the National Bureau of Statistics (NBS)
They found that nearly a third of all homes in the US are in a zip code with high or very high risk for manmade hazards. Additionally, they found that prices in those high risk areas are typically lower than others
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