Property News

The average size of newly built apartments in the U.S. is shrinking, but rents are still rising. Millennials appear to be more willing to pay for smaller units that are located in urban centers, where rents are highest.

The reading comes as the average rate on the 30-year fixed mortgage is now a full percentage point higher than it was one year ago, and affordability has fallen to the weakest level in over a decade.

Franco Leung of Moody's says tight liquidity conditions and stricter regulatory environment are among reasons why he expects the Chinese property sector to be stable in 2019.