Zurich took over from Tokyo as the world's most expensive city to live in, according to the Economist Intelligence Unit's most recent world-wide cost-of-living survey.
Confidence among U.S. homebuilders rose in January to the highest level in more than four years
() - The National Association of Home Builders/Wells Fargo sentiment gauge increased to 25 this month, exceeding the median forecast of economists surveyed by Bloomberg News and reaching the highest level since June 2007, the Washington-based group said today. Readings lower than 50 mean more respondents still said conditions were poor.
Foreigners Snap Up Swiss Property
Zurich () - With average house prices nearing 800,000 francs, the Swiss residential real-estate market continues to boom. Market participants say there is no end in sight as cash-rich Europeans and Russians keen to protect their assets fuel demand.
China Sees Drop in Property Prices
China () - Property prices in 70 Chinese cities in a government survey fell in December from the previous month, marking the third straight decline after developers cut prices to boost sales amid Beijing's campaign to cool the property market.
Barclays: China, India Skyscraper Boom May Economic Herald Downturn
World () - A skyscraper building boom in China and India may be a sign of an impending economic correction in two of Asia's largest economies, according to a new report by Barclays Capital.
China's Property Malaise Ripples Wider
China (online.wsj.com) - China's property prices fell for the fourth straight month in December, adding further pressure on Chinese consumers at a time when both the domestic and global economy increasingly depend on their spending.
U.K. House Prices Decline for a Second Month
UK () - December, and the outlook for this year is “uncertain,” Halifax said.
Holiday Decorators, Facing Overload, Can't Pull the Plug
San Francisco () - It's the most wonderful time of the year at the house on 3650 21st St. But not necessarily for its owners.
China Property Prices Decline
Beiging () - Average property prices in Chinese cities saw a second consecutive monthly drop in November, according to government data released Sunday, in a further sign that Beijing's two-year tightening campaign to cool the red-hot property market is having an impact.
Thinking Deeply On Risky Lending
World () - Many companies that collect mortgage payments hire outside firms to train employees and develop scripts for them to use when talking to borrowers. But Ocwen Financial Corp., which specializes in risky loans, has its own team of social psychologists.
Do You Really Want to Be a Landlord?
World () - An increasing number of people are choosing to rent out their house instead of selling at a loss. But managing a property has its headaches.
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