World news
Agency sales show Auckland rise defying house price trend
A $60,000 annual price jump in Auckland house prices has been reported by New Zealand's largest real estate agency.
Slowdown in Bangkok condo launches continues
Worsening economic conditions and ongoing political instability continued to impact the Bangkok condominium market in the first quarter of 2009. The level of new supply in the sector decreased by 36 percent q-o-q, with just 1,671 units launched in the first three months of the year, according to data released by property consultancy Knight Frank Chartered (Thailand).
Too soon to hope for U.S. housing recovery?
Early signs of a decent spring selling season in the U.S. housing market, as mortgage rates hit near-record lows, have been snuffed out by the latest round of dismal data.
Hong Kong home prices unlikely to fall further
Hong Kong home prices may have fallen to their lowest point as China’s economy starts to rebound, says Ronnie Chan, chairman of Hang Lung Properties Ltd., the city’s fourth-biggest developer by market value.
Dubai house prices declined 42% in past six months
Dubai house prices have fallen as much as 42 percent in the past six months and are likely to drop further as new homes are completed amid waning demand in the Persian Gulf business hub, Colliers CRE Plc said.