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.
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.
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 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.
Home prices across the United States, including distressed sales, increased by 6.5% in June 2015 compared with the same month in 2014, according to the latest index.
It is the 40th month in a row of year on year price increases and values were also up month on month with growth of 1.7% in June compared to May, the CoreLogic home price index also shows.
Excluding distressed sales, home prices increased by 6.4% in June 2015 compared with June 2014 and increased by 1.4% month on month with only Massachusetts (-1.5 percent) and Louisiana with an annual price fall of 1.5% and 0.1% respectively.
House prices in South Korea rose for a 23rd consecutive month in July over June, bringing their annual growth to the highest in more than three years, data from a top local mortgage lender showed on Friday.
Kookmin Bank's composite housing purchase price index rose 0.42 per cent in July over the previous month and by 3.67 per cent from a year earlier.
The price of new homes in China fell for the eighth consecutive month in April, showing the property sector continues to be a major drag on the world's second-largest economy.
The average price in China's 70 major cities fell 6.1% from a year ago - the same rate of decline as in March.
A large inventory of unsold homes is weighing on the once red-hot market.
The property sector accounts for about 20% of China's economy, according to economists.
The gap between the most expensive and the cheapest regional average house prices in England and Wales is more than £350,000, figures show.
Average property prices in London were £458,283 in London compared with £97,974 in the North East of England in January, Land Registry data shows.
Homes in Oxford are now less affordable to local people than those in any other part of Britain, changing hands for for than 16 times local wages, according to analysis by a leading academic.
Research by Danny Dorling, Halford Mackinder professor of geography at the University of Oxford, showed that prices have risen rapidly in the city, pushing property even further from the reach of would-be buyers.
The average price of new homes in China's 70 major cities fell 0.4% in January from the month before, marking the ninth consecutive decline.
Government data showed that prices in the cities of Beijing and Shanghai also fell more last month than they did in December on an annual basis.
China's once red-hot real estate market has been facing headwinds from a slowing economy and oversupply issues.
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