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The Latest in Property...
Growth in Australian mortgages to landlords slowed to the weakest in almost three years, indicating regulators’ efforts to tighten lending to investors are starting to pay dividends.
Palm Hills Developments SAE is planning “aggressive” expansion as more Egyptians move outside congested Cairo and invest savings in real estate rather than the declining stock exchange or foreign currency.
Canada’s housing agency warned against overbuilding after a surge in condo and apartment projects took housing starts to a three-year high.
Brooklyn homes sold at the quickest pace in at least eight years in the third quarter, extending a surge in demand in New York’s outer boroughs that has sent prices soaring to records.
A Chinese investor paid the highest price for two newly built Tokyo houses in more than a decade as residential property values in the Japanese capital accelerate.
U.K. housing market activity picked up in September as improving access to mortgage finance fueled demand, according to the Royal Institution of Chartered Surveyors.
A plan to build a London residential tower inspired by the engineering supporting Yuri Gagarin’s 1961 space flight proved less successful than the Russian cosmonaut’s mission.
U.K. Prime Minister David Cameron will set out changes to planning rules to encourage house-builders to deliver more of the homes for young people that his government has promised.
The U.S. Federal Aviation Administration is proposing the largest fine to date against a drone operator as the agency cracks down on the booming use of unmanned aircraft in congested skies over populated areas.