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  • New home construction surges in the US

    August 30, 2016

    July's reading is the highest since October of 2007. Employment gains and historically low interest rates are helping to create demand for housing.

    Author: ICREA

  • Brazil court confirms legality of direct payment of brokerage commission by new property buyers

    August 26, 2016

    The need for confirmation stems from a flood of lawsuits resulting from the practice of the brokerage fee being charged as a separate fee for new residential units. Had the Court not upheld the practice, developers would have had to absorb the cost and would likely have passed it on to the buyer.

    Author: ICREA

  • Canadian home sales continue downward trend but prices rising

    August 24, 2016

    Sales activity was down from the previous month in slightly more than half of all markets in July, led by Greater Vancouver and the Fraser Valley, in British Columbia. Transactions in these two markets peaked in February of this year, and have since then dropped by 21.5% and 28.8% respectively.

    Author: ICREA

  • UK home buyers fall by a third

    August 22, 2016

    One third of UK estate agents report there have been no changes in the housing market since Brexit and a further third state that interest from foreign investors has remained the same.

    Author: ICREA

  • NZ remains welcoming to foreign buyers

    August 18, 2016

    While some markets are working to dampen foreign investments to keep home prices in check, NZ has retained a welcoming policy toward foreign home buyers, in spite of fast-rising prices.

    Author: ICREA

  • Ripple effect from new BC property tax

    August 16, 2016

    The impact of the tax reaches beyond just the initial deal with the domestic sellers of those properties having made offers on other properties, contingent on the sale of their current property.

    Author: ICREA

  • Olympic market boost for Rio likely delayed

    August 11, 2016

    Because the outlook has soured, developers haven’t moved forward with many of the anticipated private residential and commercial developments. But many believe that once the economy begins to improve, developers will move forward with plans.

    Author: ICREA

  • Cyprus showing signs of stabilization

    August 09, 2016

    Cyprus’ immigration policy and legal framework now enable non-EU applicants to obtain Cypriot citizenship on an expedited basis (within 3 mos. of filing an application) and there is no residency requirement or payment to the government.

    Author: ICREA

  • Rate cut in UK benefits current homeowners but not FTBs

    August 05, 2016

    While the rate cut means that mortgages will become more affordable, it doesn’t necessarily help first-time buyers – many of whom are unable to take the first step on the housing ladder due to a shortage of properties and unaffordable prices.

    Author: ICREA

  • Vancouver begins taxing new foreign home buyers

    August 03, 2016

    The tax was instituted to discourage foreign speculators from driving up prices in the Vancouver area market but many don't believe it will have an impact.

    Author: ICREA

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