Housing and property news
Here are some recent housing and property news updates:
Global Housing Market
- The global housing market is expected to slow down in 2023 due to rising interest rates and economic uncertainty, according to a report by Knight Frank. (Source: Knight Frank)
- The global luxury housing market is expected to grow by 5% in 2023, driven by demand from high-net-worth individuals, according to a report by Savills. (Source: Savills)
US Housing Market
- The US housing market is expected to slow down in 2023 due to rising interest rates and affordability concerns, according to a report by Fannie Mae. (Source: Fannie Mae)
- The median US home price rose 15% in 2022 to $357,000, according to data from the National Association of Realtors. (Source: NAR)
- The number of US homes for sale fell 12% in 2022, according to data from Redfin. (Source: Redfin)
UK Housing Market
- The UK housing market is expected to slow down in 2023 due to economic uncertainty and rising interest rates, according to a report by the Royal Institution of Chartered Surveyors. (Source: RICS)
- The average UK house price rose 10% in 2022 to £284,000, according to data from the UK's Office for National Statistics. (Source: ONS)
- The number of UK homes for sale fell 15% in 2022, according to data from property website Rightmove. (Source: Rightmove)
Australian Housing Market
- The Australian housing market is expected to slow down in 2023 due to rising interest rates and economic uncertainty, according to a report by the Australian Bureau of Statistics. (Source: ABS)
- The average Australian house price rose 12% in 2022 to $1.04 million, according to data from the Australian Institute of Quantity Surveyors. (Source: AIQS)
- The number of Australian homes for sale fell 10% in 2022, according to data from property website Domain. (Source: Domain)
Other News
- The European Union has proposed a new law to regulate the short-term rental market, aiming to reduce the impact of Airbnb and other short-term rental platforms on the housing market. (Source: EU)
- The Chinese government has announced plans to relax restrictions on foreign ownership of property in certain cities, aiming to boost the country's housing market. (Source: Xinhua)
- The Indian government has launched a new scheme to provide affordable housing to low-income families, aiming to address the country's housing shortage. (Source: PTI)
These are just a few examples of recent housing and property news updates. If you're looking for more information or specific news on a particular region or topic, feel free to ask!