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Chancellor of the Exchequer George Osborne will put the British housing crisis at the heart of his Spending Review by offering incentives for private developers to build affordable homes as lack of supply continues to push up property prices across the U.K.
Home prices in 20 U.S. cities climbed more than forecast in September from the same month last year, signaling residential real estate is sustaining momentum.
As a wintry chill settles over Sweden and the government struggles to find shelter for tens of thousands of refugees who have streamed across the border, the Nordic country’s biggest construction company Skanska AB says the private sector should be brought in to help build infrastructure.
Sales of previously owned U.S. homes retreated in October from the second-highest level since 2007 as lean inventory limited momentum in residential real estate.
Evergrande Real Estate Group Ltd., China’s third-largest developer, bought a 50 percent stake in Great Eastern Life Assurance Co.’s Chinese joint venture for 3.9 billion yuan ($610 million) to diversify into insurance.
Nationwide Building Society, the U.K.’s second-largest mortgage provider, said lending increased 14 percent in the first half, fueled by loans to landlords in the nation’s booming housing sector.
Germany’s housing market is hot.
Shares of U.S. homebuilders may need a rebound in housing starts to sustain their latest gains, if history is any guide.
China Resources Land Ltd. and China Merchants Land Ltd. backed out of purchasing a plot in Beijing they won at auction after the final price exceeded their budgets, underscoring rising pressure Chinese developers face from surging land costs.