A report from CTV News in Canada. "Ari Newman has called Vancouver’s Strathcona neighbourhood home for the last three years, but that’s about to change. 'It’s been an increasingly bad experience living in Strathcona,' he told CTV News. 'I’m seeing an escalation of violent crime, I’m seeing an escalation of violent assault.' He himself has been assaulted twice while living in the neighbourhood."

"Newman is far from the only Strathcona resident frustrated by a rise in crime in the neighbourhood and calling for an end to the homeless camp. While residents like Newman look to sell their homes, real estate agents are seeing interest slow in areas such as Strathcona, Yaletown and Gastown. In neighbourhoods like Yaletown, which have typically been highly sought after, real estate agent Gary Serra found buyers 'steering away.' 'People like the character, they like that it’s right in the city core and the grit,' said Serra. 'It’s gone beyond that now and people feel unsafe.'"

"For Newman, he’s ready to move even if he has to take a loss in the sale. 'I don’t think I’ll get what I want just given what’s happening in the community,' he said. 'I’ll get way below my assessed value.'"

The Daily Star. "With many Brits still working from home and no return to the office in sight, property lettings website Airbnb has slashed prices on long-term stays. Discounts are being offered on stays across the top ten European destinations searched for by Brits last month including the Algarve, Sicily and Tenerife. Your boss will never know you are chatting on Zoom thousands of miles away with this smart pad in central Lisbon, Portugal available at 76% off. It sleeps three guests and costs just £660 for a month."

The Spectator. "Rent is dropping in Slovakia. Has the Airbnb bubble burst? A new trend has been reported by the real estate market - rent prices have been significantly decreasing since March. The drop in rent prices has been in two-digit numbers in some localities in Bratislava, according to the Nehnutelnosti.sk real estate website. This is mainly due to the fact that hundreds of apartments that used to be rented through the Airbnb platform have now been offered on the market."

The Hurriyet Daily News. "Turkey’s student cities have been financially hit by the coronavirus pandemic due to online education after the country launched distance education. 'As the students went back to their hometowns, limiting their need to come back to the college towns, the rents nosedived by 40 percent, cafes and restaurants were closed and furniture shops are in dire straits,' officials have said."

"According to the director of Chamber of Estate Agents in Eskişehir, the landlords and the cafe owners were the first to suffer losses. 'Normally in September, just before the university opens, we get busy. This year, it did not happen like that,'said Gazi Çelik. 'A rent of 1,300 Turkish Liras [$163] decreased to 1,000 liras [$126]. We now ask 700 liras [$88] for the same [flat]. The landlords are in a panic as there is no student tenants left,' added Çelik."

From Haaretz on Israel. "Over the past few months, for-rent signs have become ubiquitous in storefront windows on Israel's deserted commercial streets. The feeling until now was that things are as bad as they’re going to get, but a review by TheMarker shows that the current lockdown, with its unclear goals and exit strategy, has pushed commercial-asset values and rents even further down, changing the nature of commercial rental contracts. These changes are likely to depress commercial real estate prices over the next few years."

"The value of the commercial and office real estate market has dropped sharply since the beginning of 2020 in general, and since the coronavirus pandemic began in particular. Since March, the market’s valuation has lost 25 percent on average from the beginning of the year. 'During the first wave of the coronavirus outbreak, commercial real estate valuations dropped 20 percent on average, and then stayed at that rate in the following months, and then the September lockdown brought another 5 percent drop,' says Shmulik Cohen, owner of SK Real Estate Appraisers."

"The most notable price drops were for real estate housing and the businesses most vulnerable to the effects of the crisis, such as restaurants, coffee shops, clothing stores and others that pull in customers, says Cohen. The value of these assets dropped by 25 percent during the first wave and then by another 10 percent."

From Gulf News on Dubai. "With rents continuing to drop, landlords in Dubai and Sharjah are bringing forward apartment renewal negotiations to try and retain their tenants – even before they start looking around at options elsewhere. 'Landlords, especially in Sharjah, are going out of their way to commit existing tenants to new rental terms even if there are two to three months still left on the current lease,' said a real estate agent. 'These days, having their apartment go for months without a tenant is the biggest fear gripping landlords.'"

The Bangkok Post in Thailand. "Bangkok Bank has warned of a possible oversupply in the low-rise housing market in Greater Bangkok as many developers flee the sluggish condo sector for the segment. Phairach Sakwit, senior vice-president for property development at Bangkok Bank, said there were about 300,000 unsold residential units in Greater Bangkok as of the first half of 2020."

"'The cost of land in the inner city accounts for more than half of total development cost,' Mr Phairach said. 'If there is an issue leaving a project unfinished, it may be a problem.'"

The Malaysia Star. "Reality seems to be sinking in among Damansara Heights owners with regards to their asking prices after the Covid-19 pandemic struck. Space Realty principal Eugene Liew says there seems to be a 'a paradigm shift among owners.' 'They seem to be more realistic today. They are willing to negotiate and for some, relax their asking prices,' he says. Liew says Damansara Heights prices have been on the downtrend for three years between 2015/16 and 2020."

From ABC News in Australia. "At barbecues across our great Southern land, there is one topic of conversation that defines Australian life: housing prices. Frankly it’s not surprising. In decades passed, simply buying a property in the right area and holding onto it for long enough could quite literally net an owner more in capital gains per year than they earned from working."

"'From what my colleagues and I are seeing at a grassroots level, there are some areas where prices have already fallen 10 to 15%. And there are often quite large gaps between a vendor’s asking price and what they actually get on the day,' said Sydney property industry insider, Edwin Almeida. 'The market has quite a weak underlying foundation and while some areas are stronger than others, most of the pain for the market is still to come when JobKeeper and the insolvency moratorium finish up next year. Some desirable areas have something of a floor under prices, but overall the many downside factors are too severe for the market to overcome and I expect prices to fall over the next couple of years.'"

"For decades, the Australian love affair with real estate and rising property prices has endured, finding a way to dodge the impact of crisis after crisis. But in the midst of the pandemic and the worst recession in almost a century, perhaps it has finally met the bullet it can’t dodge."

From Domain News in Australia. "The proportion of loss-making property sales is expected to rise in the coming months. Some 12.8 per cent of properties sold at a loss in the three months to June, edging up from 12.3 per cent in the March quarter, the latest CoreLogic Pain and Gain report found. This is the highest level since August 2019, when the housing market was recovering from a downturn that had been sparked by a clampdown on lending to investors and risky borrowers. It is also higher than the five-year average for loss-making sales, at 9.8 per cent."

"Since June, some lenders had said distressed borrowers, particularly investors, should sell their properties before mortgage holidays ended, the report said. 'This could see an increase in loss-making sales over the following two quarters, particularly in more high-risk, investor-concentrated markets.'"

"Sellers were most likely to record a loss in the resources-hit capital city markets, with 52.1 per cent of sales in Darwin in the June quarter transacting at a loss, and 36.2 per cent in Perth. In Brisbane, 14.3 per cent of sales were at a loss, and 12.8 per cent in the ACT due to a weaker unit market in the national capital. Sellers were least likely to make a loss in Hobart (3.2 per cent), Melbourne (6.9 per cent), Sydney (8.8 per cent) and Adelaide (9.2 per cent)."

"Mining regions also recorded high proportions of losses, at 40.3 per cent in Mackay and 47.2 per cent in northern outback WA. Apartment sellers were more likely to transact at a loss than house sellers in the quarter, with 20.7 per cent of unit sales at a loss compared to 10.4 per cent for houses."

"Investors were also more likely to sell at a loss (18 per cent) than home owners (11.1 per cent). In the largest cities, the proportion of loss-making sales varied by region. Sydney sellers were most likely to make a loss in the Botany Bay council area (18.8 per cent), Parramatta (16.5 per cent) and Ryde (16 per cent). In Melbourne, the inner-city Melbourne city council region recorded 37.5 per cent of sales at a loss."