Four months after the State Council, China’s cabinet, unveiled a nine-point document aimed at restoring investors’ confidence and attracting long-term funds, the market is back in a downward spiral after a relief rally. There are telltale signs of investors shunning stocks: turnover on the Shanghai and Shenzhen exchanges has plunged to a four-year low, the
(Bloomberg) — Toll Brothers (TOL) Inc. raised its expectations for profit margins for its full fiscal year as lower mortgage rates sparked demand for the company’s luxury homes. Most Read from Bloomberg Key Insights Purchase contracts for the three months through July rose 11% from the same period a year earlier to 2,490. While that
Luxury homes in Shanghai are defying the downtrend in China’s mass market segment as wealthy buyers, relatively unscathed by the multi-year industry slump, upgrade to newly built units in prime locations, according to analysts. Most high-net-worth individuals believe the land scarcity and long-term economic growth potential of the mainland’s commercial and financial hub will continue
DUBAI (Reuters) – The number of homes worth $10 million or more that were sold in Dubai held steady in the first half of the year despite a drop in listings, an industry report showed on Monday, as demand from the international ultra-rich stayed strong. A total of 190 homes worth an overall $3.2 billion
Recovery in China’s luxury home market is gaining pace even as the rest of the residential segment is struggling with lacklustre demand. However, the government’s recent measures could reverse the overall property market slump, analysts say. In Shanghai, high-net-worth families are snapping up expensive houses at record speed, while buyers in other big cities are
In this article, we discuss the 14 best housing stocks to buy according to hedge funds. To skip the detailed analysis of the housing market, go directly to the 5 Best Housing Stocks To Buy According to Hedge Funds. For the first time since July 2022, the median home prices in all the US states