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Chris Carr, a real estate agent in Sydney’s northwestern suburbs, has had to convince sellers to drop prices on at least six homes in the past two months to complete transactions.
Sydney home prices fell the most in five years in November as a regulatory crackdown forces banks to tighten lending and increase mortgage rates.
Oil at $35 a barrel for a period of five years would trigger a 26 percent collapse in Canadian home prices, according to stress tests run by Canada’s housing agency.
Contract signings to purchase previously owned U.S. homes rose less than forecast in October after declining in the prior two months, showing residential real estate is cooling heading into the quieter selling season.
Vonovia SE shareholders voted in favor of the company’s 9.9 billion-euro bid for Deutsche Wohnen.
Vonovia SE shareholders voted in favor of a 9.9 billion-euro ($10.5 billion) hostile takeover bid that would cement its position as Europe’s second-largest publicly traded property company.
Jeff Patmont got his home loan on his phone.
U.K. mortgage approvals rose in October, indicating continued robust demand in the housing market.
The U.K.’s amateur landlords, already bruised by higher taxes when they buy rentals and lower rates of tax relief, could be facing a new blow.