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One of the largest players in the real estate market in China, Evergrande Group, reported a fall in sales in January. Last month, the company's contract sales fell by a third, from 64.36 billion yuan to 43.17 billion yuan. At the end of 2018, sales increased by 10.1%, the company said in a statement. Area sales fell to 3.88 million square meters from 6.24 million square meters in January 2018. Evergrande sold housing to the value of 551.34 billion yuan in 2018 and plans to increase sales to 600 billion yuan this year. The Chinese authorities have stepped up regulation of the real estate market, which is why it is experiencing the cooling. Housing sales grew by 12.2% in 2018, which is 1.5% lower than the 2017 figure. New housing in the country grew at a minimum rate of 8 months in December. China may lift a number of restrictions on real estate transactions, which will support the economy and the housing market.
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
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