A report from Star Vancouver in Canada. "After years of skyrocketing values in Vancouver, owners of homes worth millions will see the value of their properties drop by about 10 per cent this year, representing about $10 billion in total lost equity."

"That’s according to Paul Sullivan, a partner at property appraisal firm Burgess, Cawley, Sullivan and Associates. And Sullivan is blaming the decline on one culprit: a new provincial tax aimed at homes worth more than $3 million. 'We have a lot of homes in Vancouver worth $4 million, $5 million, $6 million,' Sullivan said. 'They’re not selling right now.'"

From Financial News on the UK. "The UK’s largest asset managers have seen the equivalent of more than £1bn wiped off the value of their shares every month this year. According to analysis of Factset data by Financial News, £12.4bn has disappeared from the collective value of Ashmore, Jupiter, Man Group, Schroders and Standard Life Aberdeen since the first trading day in January."

"Justin Bates, an analyst with Canaccord Genuity, said: 'There is a fear that markets have peaked in the medium-term and the correction we have seen is just the tip of the iceberg. From a domestic perspective, retail is being hammered and housing has stalled. Internationally, US and European politics is a mess and tech has taken a hammering. All this adds up to investors asking, where the upside is coming from?'"

From Ahval News on Turkey. "Turkey’s housing market renewed a downward spiral in November as mortgage lending dived 86 percent on an annual basis. The government has sought to revive the housing industry, which is now suffering from a supply glut in newly built homes."

From The Standard on Kenya. "If only the developers of the 70 storey building — Pinnacle Towers in Upper Hill, Nairobi — knew how inactive single or two-storey buildings have been, they would stop the building’s frantic clamber for the heavens and bring it down to earth, closer to reality."

"The alarmist type will see a bubble that is about to 'burst.' Those who are not as hot-headed will see a price correction in the offing as the supply of houses exceed demand. But to everyone else, things are simply bad across Kenya’s housing market. So bad that this year, even the numbers have refused to join in the sing-song of ‘real-estate is the hottest investment.’"

From News.com.au on Australia. "Experts have come out swinging over the 'boom-burdened' building industry in major cities, saying Sydney’s cracking Opal Tower is part of a much wider problem. But now the developer of the Olympic Park building has hit back, saying any suggestion the damage points to 'a broader pattern in the industry' is completely wrong."

"The city’s ‘development boom’ has not led to cutting of corners,” Ecove director Bassam Aflak said in a statement this morning. 'There has been no cutting of corners.'"

"Others who don’t live in the building have shared their thoughts on the area’s safety. 'Will #Sydney become the new equivalent of the #GoldCoast after their #property bust many years ago? Looks like many more defective Sydney buildings will crash in value. Nobody sane would buy at Opal Tower in #Olympicpark,' wrote another man."

From Bloomberg on Hong Kong. "One of Hong Kong’s biggest sales of residential land this year added to the picture of a worsening home market. China Overseas Land & Investment Ltd won the site in Kai Tak on Thursday with a bid of HK$13,523 (US$1,726) per square foot of floor area. That’s 13% less than Goldin Group paid last month for a nearby parcel."

"Hong Kong’s home prices are sliding and land sales have had a rough year after a record-breaking 2017. The value of land parcels sold by the government in 2018 stands at HK$80 billion, down by 37% from last year, according to data compiled by Bloomberg. In October, the government failed to sell a residential site on the Peak. So far, home prices have dropped 7% from an August high."