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Asia Real Estate Prices Cool in Early Sign of Global Slowdown

Countries including New Zealand and China saw declines in the second quarter, even as prices continued to climb in most places around the world.

A house under construction in Auckland, New Zealand.

A house under construction in Auckland, New Zealand.

Photographer: Fiona Goodall/Bloomberg

Real estate prices are cooling in Asia. 

Home prices held up across most of the globe in the second quarter, with just seven of the 56 markets surveyed by real estate firm Knight Frank showing price declines in June compared to March. Of those, six were in the Asia-Pacific region.