The number of used homes listed for sale recently skyrocketed in China’s industrial hub Suzhou, prompting a local financial expert to assert that the city’s housing prices would collapse by the year’s end. According to information on Lian Jia, a Beijing-based real estate trade platform, the number of second-hand homes for sale in Suzhou was…

News Analysis Banks in many places in China have reportedly introduced“heart-to-heart loans” that encourage unmarried couples to apply for home loans before they are married; and “centenary loans” that allow children to inherit their parents’ loan and extend the repayment period to 100 years. Experts believe that such relaxation of loan repayment time limits and borrower…

Once burning-hot Canadian house prices are expected to tumble a total 17.5% from their peak, roughly double the fall during the 2008-09 financial crisis, in a slowdown already well underway, according to a Reuters poll of market experts. A succession of rapid-fire Bank of Canada interest rate rises that has taken the overnight rate from…

Home sales in British Columbia are forecasted to fall “well below normal” into next year as rapidly rising mortgage rates weigh on buyers, says the B.C. Real Estate Association (BCREA). In its forecast report released on Sept. 8, BCREA said residential home sales are projected to decline 34.4 percent from a record high of 124,877…

The trend of declining home sales in British Columbia, which are already below normal, is forecast to continue into next year as rapidly rising mortgage rates weigh on buyers, says the B.C. Real Estate Association (BCREA). In its forecast report released on Sept. 8, BCREA said residential home sales are projected to decline 34.4 percent…

A new TD Bank report suggests the average price of a home in Canada could fall between 20 and 25 percent from its peak seen earlier this year to the first quarter of 2023. The report released Monday comes as a decrease in prices materialized in the summer as mortgage and interest rates rose. Many…

Australian home value growth has continued its downward trend in February 2022, with Sydney witnessing housing prices fall for the first time in 17 months. The national home value index of property database company CoreLogic went up just 0.6 percent in February, the lowest monthly increase recorded since October 2020. Prior to this, the index…

The average UK house price rose by nearly £24,000 during 2021, the biggest increase ever recorded in a single year in cash terms, according to an index. The typical price of a home reached a record high of £254,822 in December, marking a £23,902  increase over the past year, Nationwide Building Society said. Chief economist…

The average UK house price was £3,000 ($4,000) lower in October than a record high reached the previous month, according to official figures. The typical property value in October was £268,000 ($354,000), down from a peak of £271,000 ($358,000) in September, the Office for National Statistics (ONS) said. A stamp duty holiday in England and…

House price growth recorded a surprising bounceback in August as the average property value increased by nearly £5,000 ($6,878) in the space of a month. Across the UK, the average house price in August was £248,857 ($342,361)—11 percent higher than a year earlier, Nationwide Building Society said. The average house price in August was £4,628…