Canada, NZ homes most expensive: Deutsche Bank
London
CANADA, New Zealand, Belgium and Australia are in the top ranks of the developed world's most overpriced housing markets, according to Deutsche Bank AG.
Homes in Canada are the most expensive, being 63 per cent overvalued, the bank said in a survey ranking Organization for Economic Co-operation and Development (OECD) countries' markets. The measure reaches 56 per cent in New Zealand, the second-most priciest, 53 per cent in Belgium and 49 per cent in Australia.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Far East Shopping Centre gets offer of under S$900 million for collective sale, below guide price
China’s property support measures disappoint, developers’ shares falter
Suburban malls need to watch out for ageing population, lure of shopping across the Causeway
Asking prices for UK homes hit record high
Australia casino operator Star says suitors circling as Hard Rock reportedly makes offer
China’s housing rescue is too small to end crisis, analysts say