UBS analysts anticipate China’s real estate market is nearing stabilization after years of decline, with positive signals emerging in major cities. Existing home sales in five Chinese cities have increased by over 30% from last year, indicating a potential turnaround. UBS now predicts home prices to stabilize in early 2026, with secondary transactions expected to comprise half of the market by that time.
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Slushy start: warmer winter a downer for ski slopes
The first dustings of winter snow have arrived on Australian mountaintops, but forecasts indicate a slow start to the ski season due to above-average temperatures. While Professor David Karoly from the University of Melbourne suggests that increased rainfall could lead to more snow overall, early season conditions are described as "unfavourable." Climate change is impacting snow seasons, potentially shortening them by 44 days by 2025, and affecting ecosystems, highlighting the urgent need for reduced greenhouse...
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