World news
U.S. apartment vacancy unchanged at 5.9 percent, rents increase
The vacancy rate for U.S. rental apartment buildings was unchanged at 5.9 percent in the second quarter as the housing slump and a weakening economy deterred people from buying homes, Reis Inc. reported.
US: Office market sees rent growth evaporating
U.S. office rent growth stalled in the second quarter and vacancies crept up, a trend that could portend rising loan defaults in the commercial real estate market, according to a report by real estate research firm Reis.
US: Housing market seen getting worse
An even gloomier scenario may be in store for an already ailing U.S. housing market if the overall economy slips into a recession, according to UBS Securities analysts.
Auckland property prices dip in June
Prices paid for Auckland properties fell in June, according to real estate firm Barfoot and Thompson.
Thailand: Condo demand increasing
The Bank of Thailand has projected higher condominium demand in the second half as consumers move to save travelling expenses. In its May economic and finance report, the central bank reported a stronger real estate market in April as buyers who had delayed their decisions to wait for tax incentives made transactions.