Swedes’ Housing Optimism Grows as Riksbank Cuts and Prices Rise
An increasing number of Swedes expect that housing prices will continue a nascent recovery as the country’s central bank has started to unwind its monetary policy tightening.
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An increasing number of Swedes expect that housing prices will continue a nascent recovery as the country’s central bank has started to unwind its monetary policy tightening.
South Korean authorities unveiled measures to orchestrate an “orderly soft landing” for real estate project-finance debt, as rising delinquency rates in the sector threaten to be a drag on the economy.
Patron Capital has raised €860 million ($927 million) for its seventh European property fund as the firm seeks to exploit a growing wave of distressed assets emerging from the continent’s real estate crisis.
A Chinese program to backstop debt of distressed developers came within days of being tested for the first time, but averted fueling debate about the fallout from such intervention after Country Garden Holdings Co. paid bond interest.
Underlying US inflation probably moderated in April for the first time in six months, offering a ray of hope that price pressures will start to ease again after a string of upside surprises.
Apr 8, 2024
BNN Bloomberg
The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 14.2 per cent in March compared with the same month last year.
The association says home sales in the region totalled 4,488 for the month, up from 3,930 in March 2023.
But it says this level of transactional activity remains under the historical average recorded for this time of year.
The median price for all housing types was up year-over-year, led by a 5.6 per cent rise for the price of a single-family home at $565,000 last month.
Meanwhile, the median price for a plex rose 5.5 per cent to $750,000 and the median price for a condominium rose 4.9 per cent to $400,000.
Active listings for March jumped 17.1 per cent compared with a year earlier to 18,707, while new listings rose 10.4 per cent to 6,973.
This report by The Canadian Press was first published April 8, 2024.