The Chinese government has no plan to ease the restrictions on the property market. Speaking at a press conference in Beijing, a spokesperson said that the cooling measures would not be loosened despite calls to revive the country's economy.
Sales of UK property slipped by a quarter in September, according to LSL Property Services. The firm's House Price Index shows that UK real estate transactions fell by 24 per cent last month, while house prices dropped by 0.1 per cent compared to August. The declines, which see the annual increase of UK house prices slow to 2.2 per cent, have been attributed to the knock-on effect of the Olympics.
Dubai's property market has a endied 2012 "in buoyant fashion", according to CBRE. The firm's latest market review shows that both sales and leasing rates increased during the final quarter of last year.