World news

UK: Rented homes more valuable than commercial property

The value of the housing stock in the UK private rented sector now exceeds that of all privately-owned commercial property, a new report finds.

India: realty PEs to execute real estate projects on their own

Private equity (PE) funds in the real estate space are starting to don the developers’ hat. Funds such as Trikona Capital, South Asian Real Estate (SARE) and Yatra Capital have started to create in-house teams that can execute real estate projects on their own.

Australia: Property nearing once-in-100-year slump

Plummeting property values have prompted warnings Australia is heading for a one-in-a-100-year real estate slump. New figures from property analyst Residex showed house and unit prices in nearly every city and country centre fell last month. The last time all states fell at the same time was just before the Great Depression.

UK house prices 'fell 2% in June'

UK house prices fell by 2% in June, according to the UK's biggest mortgage lender, the Halifax. The drop meant that prices were 6.1% lower than a year ago, with the average home costing £180,344. The lender said that average house prices were now at the same level as in August 2006.

Australia housing prices fall 3 percent

New figures show Perth's real estate market has slumped for the second quarter in a row.The Real Estate Institute of Western Australia (REIWA) says prices across Perth fell three per cent in the June quarter, taking the median house price to $446,000.