Yonge City Square Residences.House prices are likely to fall faster. “if the central bank tightens too much, the prospect of a soft landing will weaken,” said Niraj Shah, an economist at Bloomberg.Please Visit: Yonge City Square Residences to Get Your VVIP Registration Today!
House prices in San Francisco plummeted last month because of soaring interest rates and the exodus of workers from technology companies.
In the four weeks to Sept. 4, the median price of single-family homes in the city fell 7% from the same period last year, the biggest annual decline since 2012 to $1.4 million, according to a report by Redfin.
Compass, a real estate agency, says the number of contracts it has signed in San Francisco has fallen by 25 per cent since August 2021.
“the house price in San Francisco has become so expensive because there are scientists and technicians working here,” Daryl Fairweather said in an interview. However, the epidemic and telecommuting have weakened the links between technology companies and the region. ”
Home sales across the United States have braked as soaring borrowing costs have reduced affordability and sellers remain reluctant to cut prices. San Francisco has been hit hard because its workers are still reluctant to return to their desks, lagging behind other major metropolitan areas and prompting the closure of many restaurants and retailers in the city.
In almost half of the districts, house prices are flat or falling. HSBC warned that the UK was at the “pinnacle of the property downturn” and that demand could fall by 20 per cent in the coming year.
In Poland, some borrowers’ monthly repayments have doubled as interest rates have risen. The Polish government said earlier this year that it would allow Poles to suspend repayments for up to eight months. The bank’s main profits were wiped out after the banking sector was forced to count against provisions of about 13 billion zlotys ($2.78 billion).
Home prices in Sweden, once one of Europe’s hottest markets, have fallen by about 8 per cent since the spring, and most economists now expect a 15 per cent drop. Rising interest rates have also put pressure on real estate companies that have borrowed heavily in the bond market to finance their operations, causing investors to worry increasingly about their ability to refinance the debt.
The decline in house prices in the UK is also accelerating. According to an analysis by the media, how many times in London
