China’s property sector has yet to see the worst of the crisis that has cast a pall over the nation’s economy and helped drive an exodus of global funds from the world’s second-largest stock market.
French billionaire Bernard Arnault’s dealings with a Russian businessman are being investigated for possible money laundering, the Paris public prosecutor’s office said Friday.
Shopper Park Plus Zrt., an investor in retail parks in both Hungary and the Czech Republic, aims to raise as much as €53.1 million ($56.2 million) in the first euro-denominated initial public offering on the Budapest Stock Exchange.
Developers have started selling villas that will be built in a new Zimbabwean city that’s targeting the economically troubled country’s elite and may eventually be designated its capital.
Home prices inched higher in Canada's largest real estate market last month even as sales activity cooled.
The average selling price across the Greater Toronto Area rose 1.6 per cent year-over-year in February to $780,397, according to data released by the Toronto Real Estate Board on Tuesday. The price appreciation was even greater when compared to January's average price of $748,328.
TREB said in a release that Toronto’s housing market became tighter in February because new listings fell more sharply (6.2 per cent) than the slowdown in sales. Just over 5,000 homes in the region traded hands in February, marking a 2.4 per cent decline from a year earlier.
“The [Office of the Superintendent of Financial Institutions] mandated mortgage stress test has left some buyers on the sidelines who have struggled to qualify for the type of home they want to buy. The stress test should be reviewed and consideration should be given to bringing back 30-year amortizations for federally insured mortgages," said TREB President Garry Bhaura in a release.
WEIGH IN
What’s having the biggest effect on previously-hot housing markets?