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Lenders shun the city’s low-priced properties, making it hard for Black residents to access homeownership. The city of nearly 700,000 saw barely 1,700 mortgages made last year. Home prices sharply headed up—even as the turmoil over a hotly contested presidential election, the coronavirus pandemic, and high unemployment persisted. The cost of buying a house rose sharply again in September, signaling that prospective buyers are unlikely to find better deals any time soon. The top countries of origin for high-end international home buyers coming into the UK property market — during the 2020 Coronavirus outbreak — include the UAE, United States and Australia. According to property site Daft.ie, the average listed price of housing in Ireland rose by 4.8{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} between June and September 2020. While this year has been full of challenges, the residential real estate industry has been an economic bright spot.
Asking rental prices across Sydney have been slashed as zero tourists and no immigrants create a glut of empty properties. The auction clearance rate is the highest since March after strict social distancing measures sparked by the coronavirus pandemic put a strain on the property market. There’s a “two-tier” property market in Sydney as buyers swing unevenly into action after the coronavirus lockdown. The first six weeks of the quarter saw 56 per cent vendors withdraw their property from the market. After a mild dip Australia’s house prices are expected to boom through to 2023. Confidence in Brisbane’s property market appears to be returning with a new forecast predicting solid price growth in 2021.
Canada’s industrial real estate sector is thriving, according to a new report from Morguard, however, the same cannot be said of the country’s office space submarket. This year, no one could predict what would lie ahead for the housing market during the novel Coronavirus pandemic that spread across the globe like wildfire.
The Canadian Real Estate Association says home sales in September set another record for the month as they continued to climb higher and prices soared. A turbocharged property market, roaring out of the COVID-19 enforced recession is set to fly into Christmas and beyond, according to one of Australia’s leading real estate figures. For budding home buyers the time to buy is almost certainly now, with property ownership well within the reach of many Australians dreaming of a place to call their own. Joe Biden’s win in the US election is set to have a significant effect upon our property market leading industry figures say, with one group as standout winners.
A lavish Portsea beach house with a caveat still on the title from Australian Community Media boss Antony Catalano has hit the market and looks to have found a buyer in a matter of days. Australian boards of directors are increasingly turning to experienced chief financial officers to fill vacant CEO positions. The trend has been kicked along by the COVID-19 pandemic. ASX-listed residential developer Sunland Group has sold more assets as part of a strategy to boost its share price. Home prices turn in a mixed performance across California’s metropolitan areas. Data deemed reliable not guaranteed accurate by Pillar9. Trademarks MLS®, Multiple Listing Service® and associated logos owned by The Canadian Real Estate Association identify quality of services provided by members of CREA.