Some real estate markets seen falling as global frenzy fades – Reuters poll

BENGALURU / LONDON, June 1 (Reuters) – The global property market frenzy that gathered pace during the pandemic as people scrambled to buy more living space is likely over as interest rates rise, and house price inflation is expected to drop off, Reuters surveys of market experts showed. Huge price rises of as much as … Read more

China property market slumps on developers’ debt crisis, weak buyer sentiment

People walk next to residential buildings in the coal city of Hegang, Heilongjiang province, northeast China January 2, 2020. Picture taken January 2, 2020. REUTERS / Ryan Woo / File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 26 (Reuters) – China’s property market, a key pillar of the world’s … Read more

Record high US house prices, rising mortgages depress new home sales

A home under construction stands behind a “sold” sign in a new development in York County, South Carolina, US, February 29, 2020. REUTERS / Lucas Jackson Register now for FREE unlimited access to Reuters.com Register New home sales drop 16.6% in April Sales decline in all four regions Median home price surges 19.6% from year … Read more

Morning Bid: I know what you’ll do this summer

President of European Central Bank Christine Lagarde addresses a news conference following the meeting of the Governing Council’s monetary in Frankfurt, Germany March 10, 2022. Daniel Roland / Pool via REUTERS / File Photo Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Julien Ponthus. European … Read more

China’s property market woes expected to worsen in 2022 – Reuters poll

Under-construction apartments are pictured from a building during sunset in the Shekou area of ​​Shenzhen, Guangdong province, China November 7, 2021. Picture taken November 7, 2021. REUTERS / David Kirton Register now for FREE unlimited access to Reuters.com Register Home prices are expected to drop 1.3% in H1 and be unchanged in 2022 Property investment … Read more

Factbox: The Great Rebrand: Western business reborn in Russia under new names

May 20 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided – the most high-profile rebranding so far of companies extricating themselves from Russia. read more Scores of Western brands have said they … Read more

Morning Bid: Apocalypse now? | Reuters

Governor of the Bank of England Andrew Bailey addresses the media on the Monetary Policy Report at the Bank of England in London, Britain May 5, 2022. Frank Augstein / Pool via REUTERS / Files Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Dhara Ranasinghe. … Read more

Building collapse in China’s Changsha kills 53

May 6 (Reuters) – Fifty-three people died when a housing block collapsed in the Chinese city of Changsha last week, state broadcaster CCTV reported on Friday after days of rescue efforts. Rescuers have pulled 10 survivors from the rubble of the eight-storey “self-built” house in Hunan province that collapsed on April 29, according to CCTV. … Read more

Penthouses in North Korea are mainly for the unfortunate few

Few of North Korea’s rich drawn to live in penthouses Concerns over power and water supply keep them away Uncertain functioning of elevators also deters many For leader Kim Jong Un, skyscrapers showcase build quality SEOUL, April 15 (Reuters) – For people in many countries, living in a penthouse is the dream. In North Korea? … Read more

Germany’s Bundesbank warns over bank loans to hot property market -report

Facades of apartment buildings with micro apartments are pictured at Mitte district in Berlin, Germany, August 29, 2019. REUTERS / Axel Schmidt Register now for FREE unlimited access to Reuters.com Register BERLIN, April 6 (Reuters) – Germany’s Bundesbank is worried about banks lending to overextended buyers in an overheated property market and reserves the right … Read more