Sales of US homes are soaring, as buyers return to an increasingly stable market. Pending sales are now at their highest level in nine years, with activity rising for the fifth month in a row. Inventory, though, is plunging to unprecedented lows.
Indonesia is planning to allow foreigners to own properties. The move, which was announced by the country's president, follows strong growth in Jakarta's property prices.
UK tenants currently pay the highest rent in the EU, according to new figures. The country's private rented sector has grown significantly in recent years, as demand from buyers unable to purchase a home continues to outpace supply.
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