Australia's housing market is experiencing its biggest decline in a second consecutive year, while Brexit uncertainty has caused London property prices to fall for 15 years. A slowdown of China's housing market, a correction in Hong Kong property prices, and a 10% fall in Vancouver house prices all indicate a global correction of the market. Singapore is expecting a 5% decline in prices following government intervention to cool the market, while Chinese demand for Bangkok condominiums caused an over-supply. Meanwhile, property investors are eyeing foreign currency purchases in Turkey, which has suffered a weakened lira and high interest rates.
Australia's housing market is experiencing its biggest decline in 15 years, while Brexit uncertainty has caused London property prices to fall for a second consecutive year. A slowdown of China's housing market, a correction in Hong Kong property prices, and a 10% fall in Vancouver house prices all indicate a global correction of the market. Singapore is expecting a 5% decline in prices following government intervention to cool the market, while Chinese demand for Bangkok condominiums caused an over-supply. Meanwhile, property investors are eyeing foreign currency purchases in Turkey, which has suffered a weakened lira and high interest rates.