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The pace of growth in housing prices around the world has slowed, according to a study by Knight Frank. The aggregate index following the results of 2017 averaged 4.5% compared with 6.6% in 2016. It is noted that growth in local markets is weakened due to the abolition of fiscal incentives, the introduction of control over capital in China and the transition of many countries to the normalization of monetary policy. As the Global Residential Cities Index rating, compiled by Knight Frank, showed, the growth rate of house prices over 20% in 2017 was recorded only in Berlin, while a year earlier this growth was noted in 12 cities around the world.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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