Bloomberg An apartment-construction boom in Brooklyn is putting a cap on rents in the New York borough as a surge of new units erodes landlords’ pricing power. The median monthly rent declined last month for the first time this year, dropping 0.8 percent from last July to $2,826, according to a report Thursday by appraiser Miller Samuel Inc. and ...

  Bloomberg Billionaire Hui Ka Yan’s China Evergrande Group, which last week made a surprise entry into an ownership tussle for the nation’s largest residential developer, signaled its ambition to obtain control in another Chinese firm. Evergrande, which boosted its stake in Shanghai-traded Langfang Development Co. to 15 percent in the past four months, plans to further increase its holdings ...

  Bloomberg Brexit is undermining the near-term outlook for the UK housing market, with both demand and sales dropping in July, according to the Royal Institution of Chartered Surveyors. The London-based group said new buyer inquiries fell for a fourth month, while its index of sales is pointing to the fastest decline in transactions since the global financial crisis in ...