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Data source: National Association of Realtors (2023)

Climbing rates lock millennials out of homeownership

High interest rates are millennials’ No. 1 barrier to homeownership, according to a new survey from Real Estate Witch, an online publication owned by Clever Real Estate that connects readers with expert real estate advice. Millennials refer to the cohort born from the early 1980s to mid 1990s, which means many are at an age…

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Kevin Turpin, Regional Director of Capital Markets, CEE, at Colliers (Credit: Colliers)

CEE real estate investment volumes plummet 64% in H1 2023

Total real estate investment volumes in Central and Eastern Europe (CEE) shrank by an annual 64% to €2.02 billion, in the first half of 2023, in line with downward European and global trends, Colliers revealed in its latest “CEE Investment Scene Q1 2023” report. “Volumes for Q2 and H1 2023 across CEE were some of…

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New U.S. home sales unexpectedly spike in April

New single-family houses sales in the US unexpectedly jumped 4.1% month-over-month to an annual rate of 683,000 in April 2023, the highest level since March last year, the Commerce Department revealed in a report released on Tuesday (May 23). Sales increased 17.8% to 443,000 in the South and 11.8% to 76,000 in the Midwest, but…

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(Oaktree Capital founder Howard Marks)

Investor frets real estate after SVB meltdown

Silicon Valley Bank’s (SVB) collapse is “an early step” towards a more rational market environment, according to Oaktree Capital founder Howard Marks. However, fresh problems might arise from bank exposure to commercial real estate, Marks writes in his latest memo, Lessons from Silicon Valley Bank. While the American investor and writer doesn’t expect the failures of…

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(Hiroshi Okubo, Executive Director Head of Research Japan at CBRE)

No decline in investment appetite for Japanese real estate

Appetite for Japanese real estate will remain strong this year despite expectations that interest rates will go up, according to CBRE’s 2023 Asia Pacific Investor Intentions Survey. Conducted in November 2022, the report focuses primarily on the answers given by Japan-focused investors including both Japanese and overseas investors. 52% of investors indicate that they expect…

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(Source: Eurostat)

EU house prices suffer first quarterly fall since 2015

House prices in the EU fell for the first time since the upward trend began in 2015, Eurostat data showed. The prices were 1.5% lower in the final quarter of 2022 compared with the third quarter of the same year, following a decline in 15 of the bloc’s 27 member states as high interest rates brought…

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(Morocco Real Estate Index Source: Bank Al-Maghrib)

Morocco sees drop in real estate transactions amid slowing demand

Morocco’s real estate index decreased by 0.7% in the final quarter of 2022 compared to the previous quarter, a report from Morocco’s central bank Bank Al-Maghrib (BAM) shows. The fall in the real estate index is primarily the cause of a 1.3% price drop in housing assets and a 1.7% decrease in the price of commercial…

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Australian building permits rose 18.5% in December 2022

The total number of building permits issued in Australia jumped 18.5% in December, coming in at 16,556, the Australian Bureau of Statistics said. That was in line with expectations following the 8.8% drop in November.  Building permits are key indicator of demand in the housing market. Permits for private sector houses dropped 2.3% to 8,903,…

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Dealmaking activity in APAC’s real estate continues

Most major real estate markets across Asia Pacific (APAC) continued to perform well in the third quarter of 2022, despite the loss of some growth momentum in the face of difficult macroeconomic conditions marked by high inflation and rising interest rates, said a report by Colliers. Major markets in China witnessed deals worth over USD4.79 billion, with…

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(Nominal home price index, including G-10 model projections, Source: Haver, Goldman Sachs Research )

Home prices to decline in many big countries – Goldman Sachs Research

As interest rates climb steadily higher, housing prices are likely to fall in some major economies, Goldman Sachs Research economists warn. Goldman Sachs Research’s G-10 home price model suggests home prices will decline by around 5% to 10% from the peak in the U.S. ( where housing is already cooling in the U.S., according to…

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