Canada moves to pop Toronto housing bubble
22/04/2017 , by in INTERNATIONAL

Canada's Ontario province announced new rent controls and a 15-percent tax on home purchases by non-resident foreigners on Thursday to try to cool a searing hot Toronto-area real estate market. They are among 16 measures targeting real estate speculation and affordability concerns in the city and... Read more...

China’s home prices defy curbs
Apr 2017 , by in INTERNATIONAL

Prices in China's sizzling property market, a major driver of growth in the world's second largest economy, accelerated in March on a monthly basis, shaking off the impact of recent cooling measures introduced to dampen speculative demand. Average new home prices in China's 70 major cities rose 0... Read more...

Oil Blues force Saudis to scrap half done plans
Apr 2017 , by in INTERNATIONAL

Saudi Arabia's government is ordering its ministries and agencies to review billions of dollars' worth of unfinished infrastructure and economic development projects with a view to shelving or restructuring them, government sources said. Riyadh's Bureau of Capital and Operational Spending Rationa... Read more...

Liam Payne plans to put house on rent
Apr 2017 , by in INTERNATIONAL

One Direction star Liam Payne is reportedly planning to put his eight million pounds worth mansion in Los Angeles for rent. According to The Sun newspaper, Payne, who welcomed his son with girlfriend Cheryl last month, is already making grand plans for his family, reports dailymail.co.uk. The ... Read more...

China Q1 property investment rises
Apr 2017 , by in INTERNATIONAL

Real estate investment in China rose 9.1 percent in the first quarter from a year earlier, official data showed, as the pace of new construction starts quickened despite intensified government cooling measures. The pace of investment growth accelerated from 8.9 percent in the first two months of ... Read more...

Home mortgage applications jump in March
Apr 2017 , by in INTERNATIONAL

According to the Mortgage Bankers Association's latest Builder Application Survey for March 2017, mortgage applications for new home purchases increased 6.7 percent compared to March 2016. Compared to February 2017, applications increased by 23 percent relative to the previous month. This change doe... Read more...

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