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In the Chinese real estate market there is a significant decrease in the activity of transactions in small cities in China, referring to the third and fourth levels, Asia Times writes. Researches of the Shanghai Real Estate Research Institute showed that in the first half of November in the cities of the third and fourth levels the drop was 20%, despite the fact that the indicator in the cities of the second level decreased by 27%, and of the first level - by 3%. In October, the minimum growth rate of investment in real estate in 10 months was observed at the level of 7.7% in annual terms. At the same time, the decline in sales of real estate by area was 3.1%. The cooling of the real estate market could be another factor restraining the growth of the Chinese economy.
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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