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Global rating agency Fitch today said the likely upturn in the country’s investment climate and reduction in interest rates will improve the property market by the end of March 2016 and provide relief to the debt-ridden developers. “The property development sector (will) be a key beneficiary of reductions in housing loan interest rates by several … Read more
A property website say house prices might be on the march again because people are holding on until after the election. Report: Asking prices are rising because sellers are in the minority A shortage of homes and high demand for properties have combined to drive asking prices to a new record high, according to Rightmove. … Read more
House prices in the first quarter of 2015 were 2.6pc higher than the final three months of last year, as consumer confidence grows and interest rate rises still seem a far off reality. The Halifax’s house price index, released this morning, gave an early indication that the stagnant housing market, which slowed to a standstill … Read more
The head of the banking regulator has stopped short of saying the housing market is in a bubble, but says it certainly looks risky. Australian Prudential Regulatory Authority chairman Wayne Byres says with property prices rising much more quickly than incomes and household debt high, the market could pose a risk to the economy. He … Read more
Chinese billionaire Guo Guangchang’s Fosun International Ltd. is weighing a bid for commercial property broker Cushman & Wakefield Inc., people with knowledge of the matter said. The Shanghai-based investment firm is among several companies that have expressed interest in Cushman, whose owners are seeking about $2 billion, according to the people. The process is at … Read more
SINGAPORE: Competition is likely to get more intense in the private residential property market, with developers rolling out new projects. Based on new home sales data for January 2015 from the Urban Redevelopment Authority, there are 20 large developments with a total unsold stock of more than 200 units each – excluding executive condominiums. They … Read more
Chinese businesses have been moving into Kenya’s property market, where failed investments are rarely reported, the 21st Century Business Herald reported. There is no exact figure about the number of Chinese property developers operating in Kenya, and even the Chinese embassy in the African country cannot give such information. It is generally believed that the … Read more
Australia needs to consider introducing limits on borrowing to rein in house-price growth and avoid further risk to the financial system, says the head of the Abbott government’s financial systems inquiry, David Murray. Mr Murray, who previously headed the Commonwealth Bank, said the low-interest rate environment had seen house prices rising in capital cities like … Read more