Two separate house price surveys published Monday, report a further decline in London property prices in September and October. According to the monthly house price index from Acadata and LSL Property Services, the average house price in England and Wales fell 0.1% on the month and rose 1.3% on the year, in September. However, excluding London and the south east, annual house price inflation was 3.3% higher.
Alphabet’s Sidewalk Labs will develop a futuristic, billion-dollar community along a sizable swathe of Toronto’s waterfront.
On Wednesday, the City of Toronto and Sidewalk Labs – which is the urban innovation arm of Google’s parent company Alphabet – announced a partnership to radically re-imagine 800 acres of the city’s largely vacant, post-industrial Eastern Waterfront, and turn it into a tech-integrated neighborhood called Quayside.
The new developments in the pipeline for Casa4Funds
The UBS banking team has released its annual survey on factual inaccuracies in Australian mortgage applications, and the results aren’t pretty.
The latest detailed survey of more than 900 people who took out a home loan in 2017 has found that only 67 per cent responded that their mortgage was "completely factual and accurate", down from 72 per cent of 2016 borrowers.
Amazon has published an open call for cities to pitch it for business. The company wants to open "Amazon HQ2", a new hub that will mirror its enormous presence in Seattle, rather than act as a secondary location. That site in Washington state has grown to 33 buildings across 8.1 million square feet, housing more than 40,000 employees. All since 1994.
The EUR/USD currency pair confirmed an upward trend on Thursday, as the US economic reports failed to provide sufficient support for the Greenback. The Euro gained 0.17% against the US Dollar to continue a side move above the 1.1890 mark until the Friday morning session. The National Association of Realtors revealed that pending home sales in the United States fell 0.8% over the month of July, as the property market kept facing hurdles form a limited supply of available houses, which pushed prices up.
Switzerland, Germany and Austria have the highest proportion of people renting a home rather than buying, accounting for over 45% of their populations, a new report shows.
At the other end of the spectrum, in Croatia, Macedonia and Romania less than 10% of the population rent, according to the research from real estate firm Savills.
Switzerland is the only country where more people rent than buy, with almost 60% doing so, while in Germany it is almost 50% and in Austria it is just over 45% while in Turkey and Denmark it is just under 40%.
Asia Pacific’s (APAC) population, at almost 3.5 billion, is twice that of Europe and the Americas combined. The tremendous speed of migration from rural to urban locations has led to the creation of many large, densely populated cities, such as Hong Kong and Singapore.
