Global Housing

By Leith van Onselen British Columbia’s (BC) Premier, Christy Clark, has unveiled a new proposal to levy an additional 15% property transfer tax on foreign buyers in a bid to rein-in runaway housing costs in Vancouver.

By Martin North, cross-posted from the Digital Finance Analytics Blog: The latest Financial Stability report released by the Bank of England provides insights into the UK mortgage market, and some of the concerns the regulators are addressing.

  By Leith van Onselen Yesterday I published a disturbing report aired on Tuesday’s SBS Dateline examining the large-scale migration/investment of wealthy Chinese into Canada’s city of Vancouver, which has forced house prices to astronomical levels and left a swathe of empty homes.

By Leith van Onselen I wrote yesterday how the new mayor of London, Sadiq Khan, had spoken-out about foreign investors using homes in London as “gold bricks for investment” following an investigation which found that the UK’s tallest residential skyscraper is now more than 60% foreign-owned and is under-occupied.

By Leith van Onselen The mayor of London, Sadiq Khan, has spoken out about foreign investors using homes in London as “gold bricks for investment” following an investigation which found that the UK’s tallest residential skyscraper is now more than 60% foreign-owned and is under-occupied.

From Bloomie: Hong Kong property prices have declined and sales are hovering near a 25-year low as the city grapples with the repercussions of a slowing Chinese economy.

By Leith van Onselen The 12th Annual Demographia International Housing Affordability Survey has just been released and, once again, it ranks Australia as having one of the most expensive housing markets out of the countries surveyed.

By Martin North, cross-posted from the Digital Finance Analytics Blog: The second consultative document on Revisions to the Standardised Approach for credit risk has been released for discussion.

By Leith van Onselen At last, a comprehensive dataset has proven that demand from Chinese buyers has pushed Vancouver detached house prices to astronomic levels.

By Leith van Onselen For several years now, I have been a passive observer of the Canadian economy and housing market, which has some striking similarities to Australia.

By Leith van Onselen Former Reserve Bank of New Zealand (RBNZ) and New Zealand Treasury special adviser, Michael Reddell, has made some outstanding contributions over the years.

By Leith van Onselen Former Reserve Bank of New Zealand (RBNZ) and New Zealand Treasury special adviser, Michael Reddell, is a rare breed.

By Leith van Onselen In an interesting contrast to the Abbott Government’s do-nothing approach, the Conservative Government in the United Kingdom (UK) has announced that it will wind-back its own form of ‘negative gearing’ in a bid to give first home buyers greater access to housing.

By Leith van Onselen The shortsightedness of Glenn Stevens’ comments last year that macro-prudential controls on high risk mortgage lending were “dreaded” and the “latest fad” has, once again, been exposed with a new literature review from economists Kenneth N.

By Leith van Onselen Thousands of Londoners gathered outside City Hall over the weekend protesting over spiraling housing costs and the lack of affordable housing options across the capital.

By Leith van Onselen Interest.co.nz’s Bernard Hickey wrote an interesting post over the weekend analysing land banking in and around Auckland, which has been “turbo charged” by the city’s urban growth boundary (UGB), called the “Metropolitan Urban Limit” or MUL: Expectations are a powerful thing.

By Leith van Onselen CBRE Global Research and Consulting has released its annual Global Living report, which examines property performance across nations relative to London.