Luxury Real Estate Blog and News
Residential property prices in Canada are set to fall 1.3% in 2011 after a rise of 3.1% this year, according to the Canadian Real Estate Association.
After a quiet summer the real estate market in Russia is slowly coming back to life and prices are expected to rise, according to property professionals.
Monaco remains the world’s most expensive location for property, with prices for a second hand home coming it at EUR45,000 (US$57,350) per sqm.
Private residential property prices in Singapore are continuing to rise despite recent real estate cooling measures, the latest figures show. Residential properties prices increased to 175 points for the first quarter of this year, around 5.6% higher than the previous quarter, according to the statistics released by the Urban Redevelopment Authority (URA). This comes on top of a 7.4% increase in the final quarter of 2009 which was judged by analysts to be too high and unsustainable and resulted in a number of measures to try to cool the market amid fears of overheating.