Auckland house sales activity was at its highest in more than 15 years during July, but price increases have stalled, according to the latest real estate data.
Indeed, the average sales price at $827,359 has remained much the same as for the past two months, the figures from real estate agent Barfoot Thompson show.
In July the average sales price was within $1,000 of that for June, and only $5,000 ahead of that for May and managing director Peter Thompson pointed out that a stable average price over a three month period is a trend not witnessed for some time.
The east side of the city is all set to get smart. Starting early next year, two new infrastructure projects offering 8,000 flats are coming up in Karkardooma and Trilokpuri.
To be built on TOD (transit-oriented development) guidelines, both the projects will give commercial as well as residential spaces. While the Karkardooma project will have 5,000 flats, at Trilokpuriwhere the flats will come up right opposite Sanjay Lake3,000 will be up for grabs. Also tagged as smart cities, the complexes will be built near Metro stations and will have landscaped parks and green areas. The buildings, too, will be totally green with complete recycling of waste, including plastic.
Sales of new homes in Australia dipped in July but remained at historically high levels, data showed on Monday.
The Housing Industry Association (HIA) said its survey of large volume builders showed sales of new homes slipped a seasonally adjusted 0.4 percent in July, from June.
Growth in Australia's investor mortgage credit cooled to its slowest in nearly two years in July, an outcome that is likely to be welcomed by the central bank which is working with other regulators to curb lending to housing investors.
Other data out on Monday was mixed, with weak business inventories offset by a solid bounce in wage incomes, leaving intact forecasts for a soft gross domestic product figure (GDP) for the second quarter. The GDP data is due on Wednesday.
Mitsubishi Estate has already redeveloped a significant portion of Tokyo's Marunouchi district and turned the area into Japan's financial hub
The downward pressure on China's home prices will gradually ease through the rest of the year as house sales rise and developers manage to lower inventory levels, ratings agency Moody's predicted in its latest industry report.
In its monthly China property newsletter, Moody's said residential home prices continued to recover in July in China's 70 biggest cities. The pace of price declines on a month-on-month basis moderated, with 29 of the 70 cities reporting falls in July, down from 34 in June.
After yet another drop in the Shanghai stock market and Hang Seng index on August 6, Daniel Chang heard his cell phone ping.
The real-estate agent was on a business trip in Shanghai, and he was mid-bite during a dinner when he saw his phone light up from a message on his app, WeChat.
It was a Chinese client concerned over a $6 million property she was about to buy in New York City. She was visiting New York at the time.
Brazil's government expects to raise more than 1.7 billion reais ($472 million) through the sale of state-owned properties, Planning Minister Nelson Barbosa said on Wednesday.
The sales are part of President Dilma Rousseff's effort to find new sources of revenue to shore up the federal budget and fend off a sovereign credit rating downgrade.
Commercial property investment activity in Europe reached its highest level since 2007, totalling €102.5 billion in the first half of 2015, the latest market analysis report shows.
The investment volume across the 16 participating countries was 25% up on the same period last year, according to the European Investment Briefing report from international real estate advisor Savills.
A three-apartment penthouse combination, spanning the top four floors of the Charles condominium at 1355 First Avenue, sold for $37.94 million and was the most expensive closed sale of the week, according to city records.
The price is the highest ever paid for a home on the Upper East Side east of Third Avenue, according to CityRealty, which tracks co-op and condo sales.
Opt in here