Diamond Resorts International Inc said it agreed to be bought by private equity firm Apollo Global Management LLC for about $2.2 billion.
One of Singapore's largest lenders, UOB, says it has suspended its loan programme for London properties.
The decision comes in response to uncertainty caused by the UK's decision to leave the EU, the bank said.
The vote on 23 June caused global market turmoil and pushed the pound to 31-year lows. The Singapore dollar has gained about 10% since the referendum.
The housing market in the Netherlands, including Utrecht and especially Amsterdam, has been seeing significant price growth, brokers said.
“We have some regions in the Netherlands, especially around Amsterdam, our capital, where housing prices are exploding,” said Paul de Vries, a senior housing market economist with Rabobank Nederland. Some house prices have increased by around by 9 percent over the last year.
Total new home sales in Australia fell for a second consecutive month in May 2016 but experts say it is cyclical downturn and nothing to worry about.
Total seasonally adjusted new home sales declined by 4.4% following a 4.7% fall in April 2016. The sale of detached houses fell by 6.7% but apartments were up by 4.9%.
The data also shows that detached house sales declined in three of the five mainland states with a fall of 11.5% in New South Wales, a fall of 8.2% in Victoria and a fall of 11% in Queensland. But detached house sales increased by 3.8% in South Australia and by 5.4% in Western Australia.
If implemented, the tax could drive up costs for many foreign investors who have helped make the west coast city Canada's most expensive property market.
Despite efforts to cool heady real estate activity on five occasions since 2008, including by tightening mortgage lending rules, prices in both major cities have hit new records.
After several years in which existing inventory was absorbed, waterfront construction of both luxury high-rise towers and low-rise buildings of four to six stories is “finally heating up again,” said Jeff Barton, managing director of Punta Pacifica Realty.
Existing home sales in the United States increased in May to their highest pace in almost a decade and median sales prices reached an all-time high.
While the uptick in demand this spring amidst lagging supply levels pushed the median sales price to an all-time high, according to the National Association of Realtors®. All major regions except for the Midwest saw strong sales increases last month.
Total existing home sales, which are completed transactions that include single family homes, town homes, condominiums and co-ops, were up by 1.8% to a seasonally adjusted annual rate of 5.53 million in May from a downwardly revised 5.43 million in April.
British people seeking to buy a property in the European Union should not be downhearted by the referendum decision that the UK should leave, according to overseas real estate experts.
Those who are looking to purchase a holiday home overseas, for example, are likely to see that owning a property in the EU will only be marginally more complex than it is currently, according to Andy Bridge, managing director of A Place in the Sun.
He pointed out that citizens of the United States, Canada, Russia and many other nationalities own properties throughout Europe, so while it may become slightly more complex for British buyers than currently, they are not going to be prevented from owning property in Europe.
The pace of growth in residential property prices across Australia’s eight capital cities is slowing amid signs that sales momentum is waning, the latest data shows.
In the March quarter of 2016 prices were 6.8% than 12 months previously, according to the figures from the Australian Bureau of Statistics (ABS). But this was slower than throughout 2015 when growth averaged 9% per annum.
‘This deceleration is largely being driven by developments in the Sydney residential property market, where annual price growth eased back into single figure territory in March this year. Sydney prices grew at an annual rate of 9.7%, beating the national average, but are also the city’s slowest pace of growth in almost three years,’ said Diwa Hopkins, Housing Industry Association economist.
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