Moody's Investors Service warned on Wednesday that the financial risks facing China from a potential property downturn have grown as record lending has made banks more risk-prone while the government is less able to combat those risks.
Frankfurt and Brussels are emerging as tempting alternatives to London as European financial hubs in part because they have cheaper accommodation costs than Paris.
The home market in Reykjavik is “booming,” said Jason Kristinn Olafsson, a sales representative with Miklaborg Real Estate. Prices have increased by 10 to 15 percent in the last 18 months, Mr. Olafsson said, and the average sales price is between 40 million and 50 million krona (about $363,000 to $454,000).
The cost of buying a home in Canada has hit record highs, and so has the country's reliance on housing construction to drive the economy.
Bank of Montreal chief economist Douglas Porter published a chart Tuesday showing a massive divergence in the U.S.’s and Canada’s reliance on home construction, following the burst of the U.S. housing bubble a decade ago.
The Trump family is launching a new hotel chain in a bold expansion of a company that critics say is already too big and opaque for an enterprise whose owner sits in the Oval Office.
Congratulations, Toronto, you’ve finally made it to number one. At least when it comes to house prices.
Canada’s largest city saw the fastest pace of house price growth of any major world city in the past year, according to research from analytics firm CoreLogic, carried out for Australia’s Daily Telegraph.
New U.S. single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery was gaining momentum despite higher prices and rising mortgage rates.
Indians have emerged the top foreign property investors in Dubai, spending over USD 3.2 billion last year alone, according to the Dubai Land Department.
The National Association of Realtors said on Wednesday existing home sales declined 3.7 % to a seasonally adjusted annual rate of 5.48 million units last month
Over half of Chinese households think housing prices are too high and more than a quarter worry these will rise more, according to a central bank survey, adding to views authorities may have to take more property cooling measures even at the risk of dampening economic growth.
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