A report from CTV Vancouver in Canada. "When detached homes in Metro Vancouver began dropping in price several years ago, condos seemed immune to the changing market – but not anymore. New data from Royal LePage shows Metro Vancouver condominiums have sold for an average of $764 per square foot this year, an 8.3 per cent drop in the past seven months."

"Two months ago Vancouver realtor David Hutchison listed a one-bedroom condo in the West End for $599,000, a price he was hopeful would nab a happy buyer. That didn't happen. Instead, the property just sold for $490,000, and the seller agreed to do some renovations before the buyer moves in on Friday. 'In previous markets we probably would have said no and moved onto the next buyer,' said Hutchison."

From The BBC in the UK. "Cardiff could be left with a skyline of empty buildings after an 'oversaturation' of luxury student flats, a leading architect has said. Plans to create about 7,400 new student rooms have been approved in the city in the past five years. But a number of schemes have since been let to professionals and tourists after a struggle to fill rooms. Property expert David Feeney said rents were too high and the market was 'oversaturated.'

"While many offer incentives, including reduced rents, cash back and free breakfasts, Mr Feeney said it was not yet enough to entice students from traditional house shares. 'If you are charging £150 a week for these flats, you are not going to get them out of the £80 a week HMOS, they cannot afford it,' said Mr Feeney. 'There is going to be a lot of people going to be hurting and a lot of empty buildings.'"

From This Day Live in Nigeria. "Ikoyi lies on the edge of the Lagos Lagoon and is the most affluent neighbourhood in Lagos. Popular with the extreme upper class residents of Nigerian society, it is arguably the wealthiest community within the country. Getting here was a tortuous journey. The Uber that brought me initially went to the next street, Cameron, in error. Unfortunately, his car paid for it; he failed to evade a pothole in the middle of the road."

"I shook my head wondering how this could be in what is supposed to be highbrow Ikoyi. But that was just a tip of the iceberg – or crater – as we were soon to find out."

From Mingtiandi on China. "Just over two weeks after China Evergrande Group warned shareholders of falling profits for the period up to the end of June, the country’s third-largest developer by sales has posted its first drop in returns since 2016. The Shenzhen-based real estate giant confirmed in a stock exchange announcement that its net profit for the first half of the year had almost halved to RMB 27 billion ($3.8 billion) from RMB 53 billion for the corresponding period last year."

"The fall in income comes at what could be a sensitive time for the debt-laden developer. Last week Evergrande slashed prices by up to 22 percent across 532 of its developments, with Xu Jiayin asking employees to spread the word on social media in a bid to muster up sales. Country Garden was also offering discounts of up to ten percent at its The Clouds development in Guangzhou."

The Sydney Morning Herald in Australia. "Aussie Home Loans founder John Symond is urging the government to intervene to ease the pressure on banks over how stringently they must check customers' living expenses. The remarks come after housing credit growth fell to a new record low of 3.3 per cent in the year to July on Friday."

"He said about a fifth of customers who would previously have been given loans were now being knocked back by banks that feared being pursued by more assertive regulators. 'It’s got to the point where lenders and credit people are running scared. At least 20 per cent of loans that normally would stack up and get approved are getting rejected,' he said."

From TV New Zealand. "Auckland house prices have continued to fall, according to the latest Trade Me property price index, which shows the average asking price drop to the lowest since September 2016. Trade Me Property's Aaron Clancy said it was the fourth consecutive month that property prices have dipped in Auckland. 'After years of eye-watering price increases the heat has well and truly been taken out of the Auckland property market,' he said."

"Statistics show the average asking price in Auckland dropped almost $71,000 from its peak in October 2018."