The Orange County RegisterĪ Sydney Fixer-Upper Was the Priciest Auction Sale in Australia Last WeekendĪ fixer-upper in the Sydney suburb of North Bondi that sold for A$7.7 million (US$5.13 million) was the priciest home to sell at auction across Australia over the weekend. The fall in sentiment comes alongside high interest rates, weak pricing and an overall shaky economy. The metric stood at a record high of 45% last year. who were asked to choose between real estate, stocks, bonds, gold and savings accounts, 34% said property is the best place for their money-a five-year low. In a poll of more than 1,000 adults in the U.S.

The popularity of real estate as an investment class is waning. Real Estate Losing Popularity as an Investment Much of the rebound stems from an uptick in sales in the Toronto area and British Columbia’s Lower Mainland. Following a red-hot market driven by the pandemic, prices bottomed in Canada at under C$630,000 in July. The average selling price of homes that sold across the country in April reached C$716,000. NasdaqĪfter slipping last year, average Canadian home prices are back on the rise, having risen by C$100,000 (US$74,314) since January, according to the Canadian Real Estate Association. They were followed by Iranians, Ukrainians and Iraqis. Of the overseas buyers still present, Russians represented the largest cohort, accounting for 817 purchases in April. Foreign buyers were especially absent from the market, with sales to international investors down 60.3%, the data showed. The number of homes changing hands across Turkey totaled 85,652 in April, a slump of more than 35% compared to the same time last year, according to the Turkish Statistical Institute. Turkey Home Sales, Especially Those to Foreigners, Sank in April

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