Latest news and articles about property prices from NEX English
A prominent real estate developer has stated that current prices in the real estate market are inflated and emphasized the need for a correction to restore balance. This correction is essential for regaining confidence in the market.
Famous actor Chow Yun-fat has achieved a remarkable profit of 91% from the sale of his apartment in Hong Kong after owning it for over 30 years. This transaction comes amid a notable recovery in the city's secondary real estate market.
Joy Behar, host of 'The View', is attempting to sell her Hamptons home by raising the asking price by <strong>$1 million</strong>, despite the property being on the market for over a year without a sale.
The Surabaya city government has announced the launch of a new project to build three affordable housing sites aimed at young couples. This initiative comes in response to the rising property prices, making suitable housing a significant challenge for many young people.
A historic transaction took place in London with the sale of 'Providence House' for over <strong>£275 million</strong>, making it the most expensive real estate deal in the city’s history. This luxurious landmark has drawn significant attention in economic and real estate circles.
Private residential property prices have seen a notable decline for the third consecutive quarter, significantly impacted by falling land prices and weak sales volume. This downturn reflects major challenges facing the real estate market.
The European Parliament's report, adopted on March 10, reveals that millions of citizens in Europe are facing a severe housing crisis threatening their living standards. The report, which received the backing of <strong>367 votes</strong>, calls for urgent action to address the growing housing gap.