A report from the Globe and Mail in Canada. "The condominium market in Calgary remains mired in a lengthy slump that has resulted in falling prices and a growing glut of new units that are sitting empty. 'The condo sector’s been struggling for some time,' said Ann-Marie Lurie, CREB’s chief economist. 'We have a lot of supply, and not just in Calgary, but in some of the areas surrounding our city, too.'"

"Plenty of new units sit empty. In 2017, there was a monthly average of 1,227 completed and unsold condos in the Calgary area, according to CMHC, up from an average of 29 units three years earlier. After a drawdown in 2018 and 2019, the number of empty condos has recently spiked to nearly 1,200 as of May. As of the first quarter, new condo prices in the Calgary area have dropped by about 21 per cent since 2017, according to Statistics Canada."

"Realtor Julie Dempsey said she’s working with three developers to sell new condo units that, in some cases, have been sitting empty for quite awhile. 'These are brand new homes that no one’s lived in and they’ve been for sale for three years,' she said."

From 980 CJME in Canada. "Buyers are on the hunt for new homes in Regina, but there aren’t as many options on the market. But sellers with their houses on the market might not be getting the best bang for their buck. 'A house is worth what a buyer is willing to pay,' said Craig Adam of RE/MAX Crown Real Estate. 'The good thing is if you keep your house in good top condition and showing well, it will sell. But prices have come down 10 (per cent), 20 per cent and some cases 30 per cent depending where you are in the city.'"

"Adam said prices of homes in Regina have gone down over the past few years and the current price tag on a home might be similar to what it was back in 2010."

The Daily Sun in the UK. "Noel Gallagher is struggling to sell his London abode as the property remains on the market after four years. The six-bed house, located in Maida Vale, has seen its price reduced from its original asking price of £11.5million to £7.95m."

The Connacht Tribune on Ireland. "House prices in Galway city dropped by 8 percent in June when compared to the same month last year. According to property website Daft’s latest housing market report, house prices in the county also fell by 2 percent in June. Average rental prices have dropped by 2 percent in Connacht. The number of homes available to rent nationally has increased by 21 per cent over the past year."

From Dutch News. "Rent levels have fallen in the largest Dutch cities partly because the coronavirus crisis has led to a slump in the number of expats arriving, housing market specialists say. Thijs IJpeij, of Amsterdam-based estate agency HousingNet, said around 80% of his stock was normally rented out to expats. In the absence of international workers expat properties are being offered for up to 25% less."

"'We’ve got a typical expat property with 120 m2 in Amsterdam-Buitenveldert. Previously the owner would have been asking more than €2,400 for it: right now it’s at €1,850,' he said. The ranks of rental properties have also been swollen by the collapse of the Airbnb market during the coronavirus lockdown. The national estate agents’ body NVM recently found that 29% more rental properties had been put on the market in the eight weeks from mid-March to early May than in the same period a year ago."

From Euro Weekly News. "The Costa del Sol in Spain is still experiencing a massive drop in tourists visiting what was once Europes favourite holiday destination. A local costa del sol resident took to social media, which is full of debate on the subject, to express his concerns over rental prices."

"Jamil-Facebook said: 'I’m just waiting for all the rentals to go down in price as everyone including any tourist has not much money and hardly anyone has a job so good luck to all of you landlords and landlady who think there gonna get extortion prices after a world collapse also no one has 3 months deposit so yea good luck and all will have to change so I’m just waiting for the prices to collapse because greed is not gonna work if you ask me rental need to come down by half and the 3 months deposit needs to be removed then and only then will the economy start getting better ok rant over.'"

The South China Morning Post. "The former home of actor and singer Nicholas Tse in Hong Kong’s Southern district recently sold for a loss of up to HK$14 million (US$1.8 million), casting a shadow over the city’s luxury housing market. The 2,583 sq ft house in The Redhill Peninsula was this week sold for HK$60 million, or HK$23,229 per square foot, according to agents. Its former owners bought the house for HK$70 million in 2012, according to Land Registry documents."

"When expenses such as stamp duties and commission are included, their loss on the property amounts to about HK$14 million, the biggest loss reported during a property transaction since the introduction of the national security law. The selling price is also 11.8 per cent lower than the asking price of HK$68 million, according to the agents. It is also 25 per cent below the HK$80 million that a neighbouring house with the same area sold for in January 2019."

The Wall Street Journal on China. "Holders of yuan bonds issued by China’s Tahoe Group Co. were left empty-handed this week, when the company failed to pay around $214 million due. But they’re not the only creditors to Chinese real-estate developers worth watching. Like many developers, Tahoe in recent years has rapidly increased its presale income—money from sales of homes not yet built."

"The company’s unearned revenue, denoting income received for work not yet completed, stood at $7.134 billion at the end of 2019, having more than doubled over two years. Buyers of properties at one Tahoe development in Beijing wrote to the company’s chairman last month after suspensions in construction, fearing they would be left without their homes, according to the Securities Times newspaper."

From Reuters on Australia. "The hit to Australia's population growth from closing its international borders is quickly turning a long-running housing shortage into a glut, bringing an end to the apartment building boom behind much of the country's recent prosperity. Lindsay Partridge, managing director of Brickworks, a building materials company, sees the pipeline for big multi-unit housing developments drying up as immigration stalls and non-permanent residents depart."

"'We are seeing quite high vacancy rates emerging,' Partridge told Reuters. 'A lot of the people who were renting apartments are going home.' Sydney, the biggest city, is experiencing the worst residential vacancy rate in the country at over 16 per cent in May from between 4 per cent and 5 per cent late last year, according to SQM research."

From Domain News in Australia. "Asking rents for Sydney units have recorded their sharpest quarterly drop in 15 years, new figures have revealed. 'The rapid rise in advertised rentals has put pressure on rents and tenants are using this as bargaining power to negotiate a deal,' said Domain senior research analyst Nicola Powell."

"With plenty of choice for tenants, Marrickville renter Melodie Marsh is leaving her share house for a two-bedroom unit. At $395 a week, it’s now cheaper than it was back in 2015 when it was advertised for $460 a week, and is also cheaper than it was back in 2010 – when it was advertised for $400. 'This is a pretty major score as far as I’m concerned,' Ms Marsh told Domain."

"'I had tried to move in January but [could only] afford a studio apartment,' she said. 'I knew the market was dropping [and decided to look again]. '[The landlord] was well aware of the vacancy rate and not wanting to have it sitting empty long, so they had already dropped the price,' she said."