A report from Toronto Storeys in Canada. "Zoocasa used data from the Toronto Regional Real Estate Board (TRREB) to compare how median prices changed between February and April 2020 for 35 neighbourhoods. For the City of Toronto as a whole, the median condo apartment price declined $65,000 (-10%) between February and April to reach $574,000. There were two neighbourhoods that saw median prices drop more than $100,000, with Mount Pleasant East experiencing the largest decline, with prices falling $131,500 (-18%) to settle at $617,500. In the area that borders Regent Park, St. James Town, and Corktown, the median price fell -14% ($103,400) to $611,600."

From Narcity in Canada. "The Dorset Park and Kennedy Park areas have condos going for $396,250 as a median. Home prices there have gone down 10% in just two months, with a median price drop of $45,750. However, condos aren't the only ones seeing price drops. According to a study done by Toronto's Regional Real Estate Board in April, the average price of a detached Toronto home is down 9.1%."

The Daily Mail in the UK. "Desperate sellers are dropping the prices of their homes after a glut of properties flooded onto websites today as Britain's housing market was reopened. Some 2,150 properties have been added to RightMove in England, Wales and Scotland over the past 24 hours - a huge increase on the preceding days - - while many properties are now being reduced in a bid to shift them quickly."

The Irish Times. "The number of homes available to rent across the State has jumped by nearly 40 per cent as a result of the coronavirus crisis, according to property website Daft.ie. This sharp increase in supply came as average rents in April fell by 2.1 per cent when compared with March. The increase in available properties is said to have been triggered by landlords withdrawing their rentals from short-term listing sites such as Airbnb and offering them on Daft.ie instead."

"Pat Davitt, chief executive of the Institute of Professional Auctioneers & Valuers said the demand and supply curve in residential lettings was 'changing utterly, particularly in high demand urban areas.'"

From Fin 24 in South Africa. "There was already a buyer's market in SA before the coronavirus pandemic, due to existing economic pressures. Supply is exceeding demand, giving buyers more options and negotiating power. 'Lockdown deals' include sales at prices ranging from R600 000 to R35 million in areas from Still Bay and Hermanus to Benoni, Hyde Park and Pretoria, says Berry Everitt, CEO of Chas Everitt."

"'Provided your asking price is market related, any offer close to your asking price should be considered. You can always make a counteroffer if you sense that the buyer might come back with a slightly better offer…the longer you wait, the lower the price that you may need to settle for in the end,' suggests Samuel Seeff, chair of the Seeff Property Group."

The Sydney Morning Herald in Australia. "One in 10 rental apartments is sitting empty in Melbourne’s Docklands and Sydney’s city centre as the country's biggest bank warns house prices could collapse by as much as 32 per cent over three years if Australia experiences a severe economic slump. In Sydney's CBD, the vacancy rate was 12.8 per cent over the month, meaning more than one in 10 rental homes was sitting empty, SQM Research data showed. This is double the vacancy rate at the same time last year. Ultimo's vacant rentals quadrupled to 8.2 per cent over this period."

"Melbourne's Docklands recorded a 9.1 per cent vacancy rate, triple the measure at the same time in 2019, and Southbank had a 13 per cent vacancy rate. Brisbane CBD's vacancies reached 11.3 per cent over the month. In Melbourne's Southbank, where the vacancy rate jumped from 5 to 13 per cent, rents have started to drop by up to 20 per cent in some pockets, Belle Property South Melbourne partner Loic Mamet said."

"'We've had a massive reduction in demand as not as many people are looking, but also a huge increase in the amount of properties available,' Mr Mamet said."

From News.com.au in Australia. "The government lockdown and shutting of international borders has led to investors abandoning Airbnb properties, causing the vacancy rate in Sydney’s CBD to surge to 13.8 per cent in March, according to new data from SQM Research. Brisbane and Melbourne’s central suburbs are emptying too, with the number of established rental properties currently unoccupied rising to 11.3 and 7.6 per cent respectively."

"SQM’s managing director Louis Christopher said rental prices had already fallen as a result of deteriorating market conditions and tenants should be emboldened to seek a reduction, depending on the location. 'They can ask for a rental reduction and if they don’t get it then they can have a look at what’s in the market.' The crippled tourism market combined with rising unemployment has created a 'massive oversupply issue,' Mr Christopher said. 'There’s been a large number of Airbnb properties that are now trying their hand at the longer term leasing market because there’s no international tourists coming through, let alone domestic tourists.'"

From Good Returns New Zealand. "CoreLogic’s Kelvin Davidson: Based on a simple ranking across a range of indicators, Queenstown’s market looks the shakiest. Unfortunately for Queenstown, it has nearly 20% of its output coming from accommodation and food services. Another potential fault line for property markets is the penetration of Airbnb. On this measure, Queenstown again stands out as a 'risky' area, with around 20% of its dwelling stock listed on Airbnb. Rotorua and Nelson also have relatively large Airbnb markets."

The South China Morning Post. "A Hong Kong developer has suffered the biggest loss on a land sale in the city's history, offloading a residential plot at Kai Tak to raise cash to help it weather a market slump caused by the coronavirus pandemic. Goldin Financial Holdings, controlled by billionaire Pan Sutong, has agreed to sell the plot at the site of the former international airport for an estimated loss of HK$2.57 billion (US$331.56 million)."

"The company's pullback represents a damning verdict on the outlook for the market, with valuations pummeled by months of anti-government protests, before the outbreak of coronavirus this year darkened the gloom. The former airport strip has now been associated with several deals that burned developers seeking a slice of action in the world's most expensive real estate market."

"HNA is another developer to incur losses from reselling plots at Kai Tak to raise much-needed cash. Last February, Hong Kong International Construction Investment Management Group, the listed unit of the Hainan-based HNA Group, sold Area 1L Site 2 to Wheelock Properties for HK$6.89 billion, representing a loss of HK$550 million, reflecting the slowdown of the residential property market in Hong Kong, according to a company filing."