A report from Global News in Canada. "Greater Vancouver’s housing market correction is finally having a noticeable impact on condo prices. The median Greater Vancouver condo is priced at about $764 per square foot, down 8.3 per cent year-over-year, the report found. In the City of Vancouver, the median condo was selling for $1,044 per square foot, down 6.3 per cent, it found."

"'Higher inventory levels have resulted in the market nearing the point of oversupply and price per square foot has been decreasing considerably in this category,' said Adil Dinani, real estate advisor with Royal LePage West Real Estate Services."

From Mansion Global on the UK. "A mansion-sized flat overlooking London’s Hyde Park is back on the market with a £10 million (US$12.2 million) price cut. The leasehold apartment hit the market this week with a new brokerage asking £20 million, two-thirds what it was asking when it last listed in 2017."

From Q Costa Rica. "The vertical housing options continue to grow in Costa Rica and their overall condition is healthy, but sales have slowed since 2018, due to the current economic situation that has increased the caution of buyers and financial institutions, which increases the difficulty in selling and the high prices of some housing projects."

"Although sales are still on the rise, the number of high rise units available in the Costa Rican market has increased, from 888 to 1,213 between 2017 and 2018, and 1,418 up to June 2019. Pedro Sanchez, director of Newmark Knight Frank Central America, (NKF), explained that the speed of sales was reduced significantly – in principle – by the environment of economic uncertainty, but added that prices also influence, telling Nacion.com that '… a significant percentage of vertical projects have high prices that limit the number of potential buyers.'"

The South China Morning Post. "Some 8,000 agents face 'elimination' as the prolonged protests and US-China trade war hasten the decline in Hong Kong’s property prices and shrink transactions amid a lack of buying interest. 'In the last two weeks, the extent of decline has sped up,' said Sammy Po, chief executive of the residential division at Midland Realty, adding that some homeowners were willing to slash prices by 10 per cent or more in the hope of finding buyers quickly."

"Meanwhile, an investor made a loss of 14.4 per cent on the sale of a parking space at Kingswood Villas in Tin Shui Wai. The space, which was bought for HK$1.33 million less than four months ago, was sold for HK$1.14 million on Wednesday, according to Centaline."

From Reuters on Australia. "Australian construction spending slid to its lowest in almost three years last quarter as a deepening downturn in home building spread to other sectors and posed a downside risk to growth across the economy. The weakness in housing is also unlikely to turn anytime soon as the industry wrestles with an overabundance of new apartment blocks begun when the market was red-hot."

"'With construction representing around 13% of the economy this result will dent GDP, potentially in the order of 0.4 percentage points,' said Westpac senior economist Andrew Hanlan. 'The housing downturn still has further to go and will weigh on conditions throughout 2019 and into 2020.'"

From Property Observer in Australia. "A Port Pirie, South Australia mortgagee home has seen it's asking price slashed to $89,000. The house is being offered for less than it sold for in 2004 when the home transacted at $102,500."

From Interest New Zealand. "There was plenty to choose from at the latest Auckland apartment auctions and although there were plenty of buyers in attendance, they remained extremely cautious and only around a quarter of the apartments on offer were sold under the hammer with most of those were leasehold."

"However the vendors took a hit on price with both units selling for well under their original purchase prices. The first unit was a 36 square metre, one bedroom unit which sold for $145,000 compared to its 2006 purchase price of $335,000. The second unit with two bedrooms, two bathrooms and a floor area of 61 square metres, sold for $170,000 compared to its 2006 purchase price of $485,000."

"The unit in The Landings sold for $170,000 compared to its 2005 purchase price of $270,000. The Parnell unit, which had building maintenance issues, sold for $210,500. Although a sales history wasn't available for the Parnell unit it had a 2017 rating valuation of $730,000."

"A feature of the current Auckland apartment market is the high number of newly completed apartments coming on to the market. These were usually bought off the plans two to four years ago, often by foreign buyers, with the expectation of reselling them for a handy capital gain when they were completed. But between them signing their contracts and the buildings being completed, the market has softened and many are now selling at a loss."

"And even those owners who sell for near their original purchase price are left significantly out of pocket once agency commissions and other costs are deducted. At the latest apartment auctions three apartments from the newly completed The SugarTree Altro complex in Nelson Street on the fringe of the CBD, and another in the newly completed Union & Co. Building just around the corner, were put under the hammer. All were passed in."