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We are covering everything from agents/brokers and the housing market to the world of real estate tech advancements. Global real estate consultant JLL’s latest Property Market Monitor research is reporting this week that Hong Kong’s overall Grade A office rents further contracted in September 2020. Slovenia is home to the world’s fastest rising house prices with average values accelerating 18.2{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} year-on-year. Falling unemployment, low interest rates and until recently, limited supply, are behind the strong price growth. Florida Realtors are reporting that the sunshine state’s housing market continued to be a bright spot for the state’s economy in October 2020, even as the coronavirus pandemic showed no signs of easing. Real Estate Conference & Expo is where learning takes center stage and where business solutions and connections are at the forefront of the real estate industry. All the info you need on California’s housing market, economy, and issues impacting the industry.

Real Estate News

Bernanke Weighs In on CRE Outlook During Marcus & Millichap Panel The former Fed chair shares insights on GSE privatization, the pandemic’s long-term impact on commercial real estate, and the prospects for recovery. Californians are surveyed annually to gain insights on the housing market from their persepective.

Victorian homebuyers are set to nab a half price stamp duty discount in a bid to reignite the state’s property market under a $6 billlion Big Housing Build plan. The report measured median prices within school catchments over a 12-month period. Deal’s newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. The market for new homes typically cools in the fall, but sales are still running well ahead of last year’s pace. The country’s nine major residential markets have unsold units worth some Rs 6 lakh crore, according to a report in January by PropTiger. People will likely return to the office more quickly than expected and that will help boost the price of some commercial real estate, according to J.P.

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.

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, 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.

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.

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