A report from the Globe and Mail in Canada. "97 Stuart Ave., Toronto: This custom-built, four-bedroom residence was unsuccessfully listed around $3.5-million early 2018. So, the sellers hired different agents who pushed for a $3.149-million starting price last summer and slashed it by roughly $150,000 increments every few months it was relisted. The first formal offer resulted in a $2.64-million bid in July, 2019."

"'North of the 401 [highway], things have slowed down significantly,' agent Andre Kutyan said. 'At the beginning of the year, in the last two quarters, there were half a dozen sales in the area in the $2.6-million and $2.75-million range. Competing listings were not only in this area, but in Willowdale West and Willowdale East, so … anything that’s transacted these days in the last six to 12 months have had to adjust their prices to try to move anything.'"

The Financial Mirror on Cyprus. "There is an over-supply of real estate coming into the market for sale by the financiers and various funds that have acquired mortgaged properties to resell. Whereas the advertised prices are not as attractive as one might think, be it that one expects to secure discounts – in the region of 10%-15% depending on the difficulty to dispose of the asset, the more difficult to sell an asset, the bigger the expected discount."

From Construction Kenya. "A sharp slowdown in Kenya’s real estate growth has adversely impacted key players in the sector, many of whom are now fighting to remain in business. From the country’s top mortgage financier to giant property developers and high-net worth individual builders, a huge number of investors are struggling to meet their financial duties amid dwindling demand for property."

"Indeed, the Kenyan real estate sector, which has for many years remained one of the safest routes to riches and glory, is increasingly becoming a miserable story of tears and shattered dreams. The downturn has already claimed its fair share of casualties. Leading mortgage financier HF Group has, for example, listed for auction Sh2.5 billion worth of houses as its fights to clean its loan book. Majority of the houses on sale are located in Nairobi and its environs and are listed with reserve prices of between Sh3.4 million and Sh300 million."

From India Today. "The real estate sector in India is arguably going through one of the worst phases in recent times. The country's financial capital Mumbai is riddled with a large number of unfinished projects and an equally large number of unsold units in the city and suburbs. And the numbers have only been rising over the last couple of years."

"The period between 2017 and 2019 has been a complete contrast to the period between 2006 and 2010 when investors made merry in this sector. 'Many investors like me had invested in a lot of projects before these changes were brought about. So today we are stuck,' says real estate investor Mandar Sarmankar."

From Interest New Zealand. "According to the Real Estate Institute of New Zealand (REINZ), five regions posted significant falls in their lower quartile selling prices in July compared to June. They were Northland, Auckland, Hawke's Bay, Taranaki, Nelson/Marlborough, while Canterbury and Southland posted modest falls."

"The biggest drop in the lower quartile price was in the Hawke's Bay, where it fell back from its record high of $395,000 in June to $370,000 in July (-6.3%), followed by Auckland where it dropped from $671,000 in June to $650,000 in July (-3.1%). July was the fourth consecutive month that the lower quartile price has fallen in Auckland, dropping by $30,000 (-4.4%) over that period from its record equalling high of $680,000 in March."

"However the price falls were not uniform across the Auckland region. The biggest fall was in Auckland Central (the suburbs located within the old boundaries of the former Auckland City Council) where the lower quartile price dropped by a staggering $123,000 (-17.4%) from $708,000 in June to $585,000 in July. That was the first time that the lower quartile price in the Central Auckland suburbs has been below $600,000 since October 2017."

From Domain News in Australia. "Apartment sales have tumbled and new apartment listings views have taken a dive as buyers become more cautious than ever before in the wake of unprecedented defects found in residential buildings across Sydney. Since the revelation of structural defects in Opal Tower at Sydney Olympic Park late last year, apartment sales in the suburb have fallen away, dropping 85 per cent in the six months to June compared to the same time last year, new Domain data shows."

"The defects have compounded problems associated with the broader market downturn, said PM Realty selling agent Perly Cundasamy. '[Buyers] are a little bit hesitant. I’ve just exchanged one contract,' Ms Cundasamy said."

From News.com.au in Australia. "Mascot Towers’ apartment owners have claimed they were forced into agreeing to pay millions for repairs to the stricken buildings, even after voting against the original plan. As the changes were made and pushed through the meeting, unit owners were also told to accept paying the loans back over a drastically reduced amount of time, of nine months, instead of 15 years."

"As a result, owners would be expected to fork out almost $6000 a month on average in repair bills. 'My partner and I are very sad and stressed,' the unit owner told news.com.au. 'I have no idea how I can make this large payment.'"

"'Unlike some apparently wealthy owners, we don’t have enough savings to pay our share. My bank declined to extend my home loan on Friday,' he said. The owner told news.com.au the couple had been left with no options but for his partner to sell all their assets to try and keep them afloat for the time being."