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Property News

Global Property News for 17 Jul 2019

Challenging conditions in the U.S. housing market and tighter currency controls by China cause a stunning drop in foreign demand for American homes.
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CNBC's Rick Santelli reports on the June housing starts and building permits.
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Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.
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Mortgage interest rates surged last week to their highest level in a month, and consequently homebuyers turned on their heels.
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Ronald Wan of Partners Financial Holdings says the Chinese authorities are in a dilemma about whether to cut interest rates because doing so would damage the exchange rate and send a wrong signal that... the government wants to push up the property sector.
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As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.
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