Vancouver home sales plunge for fifth consecutive month in December
By: Nicole Mordant Vancouver-area home sales, hit by a tax on foreign buyers, fell for the fifth month in a row in December, dropping nearly 40 percent compared to the… Read more »
Monthly Archives: January 2017
Brazil home prices rise in December for 10th straight month
By: Ana Mano SAO PAULO: Brazilian home prices rose for the tenth straight month in December, giving builders and banks some hope the worst of a multi-year market downturn is… Read more »
Norway’s housing inflation at nine-year high in December
By: Camilla Knudsen | Ole Petter Skonnord OSLO: The inflation in Norway’s housing prices accelerated to 12.8 percent year-on-year in December, the highest rate since mid-2007, real estate industry data… Read more »
Bank of Baroda reduces lending rates by up to 75 bps
MUMBAI (INDIA): State-run Bank of Baroda on Thursday said it has reduced it marginal cost of funds based lending rate (MCLR) by up to 75 basis points across various tenors…. Read more »
U.S. apartment vacancy rate dips in fourth quarter
By Shashwat Awasthi BENGALURU: The U.S. apartment vacancy rate declined in the fourth quarter, while rent growth slowed to its lowest since 2009, according to a report from Reis Inc…. Read more »
China home prices, property investment likely to rise in 2017
By Yawen Chen, Michael Martina BEIJING: China’s average home prices are forecast to rise 4.1 percent in 2017 from the previous year, while growth in property investment would rise 5.4… Read more »
Union Budget 2017-18:Real Estate’s expectations from Modi government
Provide clarity on beneficiaries under Pradhan Mantri Awas Yojana The Narendra Modi government recently announced that interest rates of 3% would be applicable on loans of up to Rs. 12… Read more »
Japan to assist in making Chennai, Ahmedabad and Varanasi Smart Cities
NEW DELHI (INDIA): Japan has decided to be associated with the development of Chennai, Ahmedabad and Varanasi as smart cities. This was today conveyed by Japan’s Ambassador to India Kenji… Read more »
11 expressways start construction in South West China
GUIYANG: Southwest China’s Guizhou Province Thursday started construction of 11 expressways totalling over 1,000 km, or 18 percent of the current expressway length in the province. The expressways will mainly… Read more »
China-standard EMU trains ready for commercial operation
BEIJING:“China-standard” bullet trains, or electric multiple unit (EMU) trains, are ready for mass production and commercial operation, according to the National Railway Administration (NRA). Two China-standard EMU trains, the Golden… Read more »