A report from CBC News in Canada. "Owners of condo units in Fort McMurray's troubled Hillview Park complex are worried about paying their bills after being hit with special assessments of up to $76,000. It's the third special assessment charged to owners since the complex burned to the ground in the 2016 Horse River wildfire. Sheila Champion bought her three-bedroom townhouse-style condo in April 2010. Now 51, she expects to be paying off the new assessment of $64,233 until she's 77. On top of the new special assessment, Champion said her condo's value has plummeted to less than $200,000. 'I have no choice but to keep the unit,' said Champion, who owes about $300,000 on her mortgage. 'I will be upside down on this until the day that I die.'"

"Rebekah Benoit used to own a Hillview Park condo, but paying for the mortgage, special assessments and another home to live in became too much. Benoit, a teacher, had to file a consumer proposal after getting a $20,000 special assessment in 2018. Her husband, a veteran and engineer, had to file for bankruptcy in 2018. She said she tried to hang onto the condo for as long as possible, cashing in her husband's military pension and liquidating their savings. 'That was a terrible idea,' she said. 'But we just didn't know how bad it was.'"

The Guardian on the UK. "Some of the world’s richest people are snapping up luxury London mansions despite the coronavirus pandemic and lockdown – but only if the seller knocks a million or two off the sale price. Henry Pryor, an independent luxury property buying agent, said his clients were considering buying but only if they thought they were getting a bargain."

"Pryor said one of his clients was interested in buying a new-build luxury flat in Fitzrovia, central London, with an asking price of £5.5m. 'The agent showing it told me he thought the developer would take £4.5m before I had even got my rubber gloves and mask on to look round,' Pryor said. 'We will probably bid £3.5m, and see how that goes.'"

The Journal on Ireland. "The number of properties being advertised to rent in Dublin has increased by 39% in the month of May compared to last year, according to property website Daft.ie. The almost 2,900 homes being advertised represents the highest one-month total for Dublin homes for rent since August 2015. Sale prices are now lower than a year ago in all parts of the country except Leinster (outside Dublin)."

From Globes on Israel. "In Tel Aviv, the number of homes offered to let started growing by mid-March, probably as apartments were taken off the short-term tourist rental market, through Airbnb, for example, and were advertised for rent on the local market."

"'There was a flood of apartments to rent as a result of the shortage of tenants, because some left,' says Dadi Orion, branch manager of Anglo-Saxon Tel Aviv. 'At the beginning of the coronavirus outbreak there was a dramatic drop in prices, of 20%. The whole market was flooded with apartments, and owners just looked for any tenants who would come in. Now it has started to even out, although it's not what it was, because there's a supply of apartments to rent that there hasn't been in years. There are apartments standing empty.'"

The Bangkok Post in Thailand. "The Covid-19 pandemic has exacerbated an already uncertain residential and office property market in Bangkok, likely to lead to falling rents and a glut of vacancies, says the chief executive of Savills Thailand. 'We were predicting the office market was going to come under immense pressure anyway irrespective of the Covid-19 event because the volume of new office supply in the central business district (CBD) is expected to reach 150% on top of a current level of supply that would have already put downward pressure on rental rates, likely leading to higher vacancy rates,' said chief executive Robert Collins."

"On the residential side, he said the market will feel the effects of the crisis much sooner, as developers struggle to sell off existing supply of condominiums as overseas buyers dwindle. 'There is quite a lot of evidence that residential developers are reconsidering what to do with their land and in the first instance pushing back projects by a few years. For projects that are still in the design stage, they are going back to the drawing board and considering if they should stop bringing residential properties to the marketplace,' said Mr Collins."

The Nikkei Asian Review. "With the Philippines facing the worst economic downturn in 30 years, prices are set to fall by up to 15%, according to Colliers International. That could force local real estate holders to sell at huge losses and create fears that Filipinos could be priced out when the property market recovers. 'They are going to sell at whatever price to get a buyer,' said property consultant David Leechiu, who warned of steeper price falls if community quarantine and travel restrictions continue."

From Nine News in Australia. "Million dollar home owners copped a big hit in real estate during COVID-19, and they are not happy about it. A survey found seller happiness was down 21 per cent for Australians who sold property worth more than $1.5 million in April, compared to the first financial quarter of 2020. South Australia and Victoria were recorded as a joint-second, followed by Tasmania, New South Wales, Queensland and Western Australia represented the country's unhappiest sellers."

"'How does the old saying go? The bigger they are, the harder they fall,' RateMyAgent CEO Mark Armstrong told 9News.com.au of the survey results. 'When you go to metropolitan markets where property is more expensive, they've had a greater growth in (market) dollar amount growth and the psychology of having to accept a little bit less on the other side is more in a metropolitan area than a regional area in rough numbers. Psychologically, sellers look at the dollar amount, not the percentage of fall.'"