The volume of residential sales in Hong Kong fell 8% month on month in July after three months of growth in a row, the latest figures from the Land Registry show.
Overall property prices remained stable and this was due to sustainable end user demand, according to the analysis in the latest monthly report from international real estate firm Knight Frank.
It explains that the new build market, which contributed to about one third of total residential transactions in Hong Kong, is where major developers generated good sales in their recently launched projects.
Perhaps buying a house in Sydney, Australia's most expensive city, should be an Olympic event. It takes stamina, meticulous planning and very deep pockets.
House prices here have jumped by almost 60% in the last five years, while apartments have risen by 44%, according to figures from corelogic.com.au.
There are many reasons why, among them record low interest rates, generous tax breaks for investors and foreign buyers.
Home prices are continuing to rise in the United States with the median value for a single family home reaching more than $1 million in a metro location for the first time.
The record prices was reached in San Jose, California, while the vast majority of metro areas seeing prices rise in the second quarter of 2016, the data from the National Association of Realtors shows.
Overall the median existing single family home price increased in 83% of measured markets, with 148 out of 178 metropolitan statistical areas showing gains based on closed sales in the second quarter compared with the second quarter of 2015.
New laws introduced at the beginning of July mean that foreign owners of property in Australia worth £2 million or more face paying an extra 10% in tax.
Sellers must have proof that they are Australian citizens to avoid the tax which has been introduced in a bid to deter wealthy forging buyers from pushing up property prices.
The change came at a time when prices in Australian state capitals were soaring and much of this was blamed on so called wealthy investors, especially from China.
Vancouver real estate sales have tumbled since plans to tax foreign buyers in the Canadian city were revealed last week, local real estate agents said, a sign the government's bid to slow the market was causing an immediate chill.
The 15 percent levy, which was unveiled by British Columbia's government on July 25 and came into effect on Tuesday, drives up costs for buyers from China and other countries who have helped make Vancouver Canada's most expensive property market.
Home prices are still rising rapidly in most larger Chinese cities, but may have peaked in the high-flying southern city of Shenzhen, according to data giving the first insight into July price trends.
Prices of new homes in 100 cities rose 12.39% in July from a year ago, faster than the pace in June, research firm China Index Academy said.
The real estate market in France has not yet recovered from the 2008 global economic crisis, agents said. But prices for chateaus in the Loire Valley and neighboring department of Mayenne, which have dropped considerably since their peak, have hit bottom and stabilized, agents said.
Bernard Rochet, the founding director and chief executive of Diva Immobilier, a real estate agency near Paris that has the listing, said chateau asking prices have dropped 20 percent to 30 percent from their peak. He added that was a generalization, because no two properties are alike.
Almost two thirds of Australian’s think now is a good time to be buying a home while roughly the same proportion believe the housing market is vulnerable to a significant correction.
The latest quarterly housing market sentiment survey by CoreLogic and TEG Rewards housing market sentiment survey highlights the paradox in housing market attitudes.
The data shows that 64% of respondents thought it was a good time to buy a property, up from 60% of respondents a year ago. However, 65% also indicated they thought property values could suffer a significant correction.
For the first time in five years the housing market in Auckland, New Zealand’s largest urban area, is showing signs that prices are stabilising, and may even be slowing.
The average price in July was $867,681, a fall of 4.5% from the previous month and 2% below the average price for the previous three months, according to the latest data from Barfoot & Thompson.
The trend is not as evident in the median price, which at $840,000 was the same as in June, and 2.1% higher than the median price for the previous three months.
The residential property market in Gibraltar has remained strong over the last 14 years, except for the year of the 2008 global financial crisis, when home prices stayed flat, said Mike Nicholls, a managing director at Chestertons, based in Gibraltar.
“There are no official price statistics in Gibraltar; however, our records anecdotally indicate an increase of between 2 percent and 6 percent in each of the last 14 years except 2008,” Mr. Nicholls said.
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