Irish residential property prices grew at their fastest pace in four months in July, climbing 0.9 percent on a monthly basis, although the annual growth rate continued to slow, data showed on Wednesday.
While prices across Ireland are 36.9 percent below their 2007 peak, the central bank introduced restrictions on mortgage lending in January to try to ensure price rises do not return to unsustainable levels amid a shortage in housing supply.
The US housing market continues to slowly stabilise with prices just 7% below peak values nationally and price indices in many markets are at all-time highs, according to the latest multi indictor market index.
Two additional states, Arkansas and Tennessee, and four additional metro areas, of Omaha, Nebraska; Scranton, Pennsylvania; Chattanooga, Tennessee and Madison, Wisconsin, are now on the outer range of stable housing activity, says the report from Freddie Mac.
The national MiMi value stands at 80.3, indicating a housing market that is on its outer stable range, while showing an improvement of 1.33% from May to June and a quarterly improvement of 2.26%.
Oakland, California's population increase has caused rents to jump in 2015.
Thanks to new development projects and a workforce flooded with millennials who'd rather rent than buy, major US cities are seeing increases in rent prices.
In its National Rent Report, residential real estate rental website Zumper analyzed one million active one-bedroom listings to find the most expensive cities in the country for renters.
Of the top 20 cities on the list, six are located in California.
Dubai's tighter property rules aimed at preventing a housing bubble are the main cause of a slowdown in the emirate's real estate sector rather than a sustained drop in oil prices, industry experts said.
Chinese home prices are expected to rise modestly this year thanks to government support measures for the sector, relieving some pressure on the faltering economy, a Reuters poll showed on Wednesday.
The Swedish real estate market has remained strong even through the recession that followed the collapse of Lehman Brothers in 2008, agents said. In Vastra Gotaland County, which includes Gothenburg and the west coast, prices for stand-alone houses at the end of the second quarter of 2015 had risen 11 percent year-over-year, and 3 percent over the first quarter, according to a report issued in July by Svensk Maklarstatistik, which tracks real estate statistics. Prices for properties in the county characterized as vacation homes rose 5 percent year-over-year, the report said.
The housing market in the United States is slowing down, with home values falling month on month for the first time in almost four years, according to the latest index data.
Prices fell 0.1% in July compared to the previous month and year on year growth was 3%, down from 3.4% in June, the Zillow real estate market report shows.
The report says that nationally home value appreciation is levelling off after its rapid pace in the early years of the recovery. Of the 517 metros covered by the Zillow index, 204 saw a slowdown, including major metros like Washington, DC and Cincinnati.
Known for years as little more than a retirement community with a racetrack and a few pastel-hued motels that had seen better days, this small oceanfront town is not the first place that comes to mind when wealthy Brazilians and Russians seek out expensive condominiums.
But the construction boom of recent years south of here, in Miami Beach and its neighboring areas, has used up almost all the best lots. So developers are migrating north to Broward County locales like Hallandale Beach, Hollywood and Fort Lauderdale that do not have as much cachet but which, because of their beachfront locations, are seen as having great upside potential. The land is cheaper, too, which makes for relatively good deals — at least for now.
Housing affordability at a national level in the United States is down from a year ago and is struggling to keep pace with the growth of home prices, according to new research.
The analysis from the National Association of Realtors shows that housing affordability is down from a year ago in June as the median price for a single family home in the US is up from a year ago.
Much has been said about London’s prime property market attracting foreign buyers but now Paris is being discussed as being just as interesting for overseas investors.
Overseas investors are regarding Paris as having highly competitive real estate prices due to the weaker Euro, according to the latest report from property agents VINGT Paris.
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