Home prices in Turkey rocketed 132% in the first quarter from a year earlier as massive earthquakes overwhelmed reconstruction demand, a Knight Frank report said, Invest-Gate reports.
Goldman Sachs has trimmed its earnings and market forecasts for Chinese stocks, citing renewed concerns over weakness in the country's real estate sector, Invest-Gate reports.
According to the Turkish Statistical Institute's statement on Tuesday, the total real estate sales in Turkey during July amounted to 109,548 properties, Invest-Gate reports.
Country Garden Real Estate Group announced it would suspend trading of 10 local bonds starting next Monday, just two days after its parent company revealed billions of dollars in losses for H1 2023, Invest-Gate reports.
Hundreds of British homeowners have lost their properties to bank repossessions this year as rising interest rates squeeze debt payments, new figures show, Invest-Gate reports.
Germany has long benefited from meager borrowing rates, leading to a real estate boom that has lasted for a decade, Invest-Gate reports.
Property prices in the United Kingdom dropped 0.3% from June and 2.4% from a year earlier, mortgage lender Halifax said.
Chinese property investors have returned to the Dubai real estate market, with a staggering 130% increase in residential property investments in the city during 2023 H1, Invest-Gate reports.
The commercial real estate sector in the United States is grappling with a surge in distressed assets, with the value of these assets reaching around $64 bn in the 2023 Q1, Invest-Gate reports.
The real estate sector in China contracted again in the second quarter after a short-term expansion in the first quarter, Invest-Gate reports.
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