Boosted by a greater share of sales to first time buyers not seen in nearly four years, existing home sales in the United States maintained their upward trend in June and increased for the fourth month in a row.
Only the Northeast of the nation saw a decline in sales in June and sales to investors fell to their lowest overall share since July 2009, according to the latest monthly index from the National Association of Realtors (NAR).
Existing home sales were up 1.1% to a seasonally adjusted annual rate of 5.57 million in June from a downwardly revised 5.51 million in May. After last month's gain, sales are now up 3% from June 2015 and remain at their highest annual pace since February 2007.
Ireland’s economy grew by a "very dramatic" 26pc last year, boosted by one-off corporate tax inversions and aircraft purchases, according to official statistics.
Constructed by Holland-based engineers, the Waterlovt are a set of houseboats with state-of-the-art facilities.
Housing market growth in the United States is holding steady with a rise of 0.6% quarter on quarter, according to the latest real estate analysis report.
The annual spring housing boom has been beneficial to most regions across the nation, with most markets outside of the Northeast seeing a small bump in quarter on quarter growth in the last month.
The data from real estate firm Clear Capital also shows that in the West quarterly growth has increased by 0.2% to 1.3%, while quarterly growth in the South and Midwest have increased to a modest 0.8% and 0.3% respectively.
Residential and building construction along with infrastructure has reached a new all-time high in New Zealand, reaching $17.8 billion, new figures show.
The building consent data from Statistics New Zealand reveals that 28,387 homes were consented in the past year, the highest number in 11 years, and the 9,434 consented in Auckland is continuing the strong growth over the past four years. The 732 for May is also the highest in 11 years.
The growth in Auckland for the residential construction centre was 26%, a total of $4.3 billion, and is about as fast as a sector can grow, according to Nick Smith, Building and Housing Minister.
Residential property sales in Spain increased by 23.6% in May year on year, the highest figures since January 2013, the latest official figures show.
The figures from the National Statistics Institute also show that home sales have now increased year on year for four months in a row. However, sales did fall back slightly from the year on year figure of 29% recorded in April.
The second hand market and, to a lesser extent, sales of new homes, were responsible for the May increase, up by 26.7% and 12% year on year respectively.
China's real estate investment rose 6.1 percent in the first half of 2016 from the same period a year earlier, while the property sales area increased 27.9 percent, official data showed on Friday.
Commercial real estate investment remained strong across Europe in the second quarter of 2016 totalling €54.0 billion, up 2.5% on the previous quarter and 30.4% on the 10 year average, new research shows.
However, overall activity fell short compared to the second quarter of 2015 with the office sector having the strongest quarter, seeing an 8.3% increase on the first three months of 2016, driven by a particularly strong performance in the Nordic region.
The research from CBRE also points out that despite uncertainty in the UK caused by the European Union referendum, sentiment remained strong in other European markets and investment levels were stable year on year.
Ireland was left with a surplus of houses after a 2008 property crash that cut values in half but while some out-of-town housing estates lie empty.
There are no restrictions on foreign buyers in Tuscany. Most buyers are looking for vacation homes, not investments, Mr. Giovannelli said.
Prices in Italy dipped by as much as 30 percent from 2008 through 2015, Daniela Gisti, a partner with the Florence-based real estate company Precious Villas, said by email. They have now “stabilized,” she said.
At the higher end, during the last three years, some second-home buyers and investors, many with “a higher budget than five years ago,” returned to the Tuscany market, Mr. Giovannelli said.
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