The Chinese government's announcement last week that growth for 2011 slowed only slightly to a still impressive 9.2% was greeted enthusiastically by the world's stock markets. Investors also remain buoyant on China's future.
]]>Although there is no shortage of people looking to buy property in Dubai, it is the steep mortgage rates that is hampering their decision, believes a real estate expert.
“Interest rates are still too high here and we can definitely say it is one of the constraints. It will probably fall… That will obviously help the market to recover,” Craig Plumb, Head of Research-Mena, Jones Lang LaSalle (JLL), told Emirates 24|7.
]]>Yet housing largely remains in a funk. The prospect of continued price declines—led by the oversupply of foreclosed homes—has deterred some potential buyers, while others can't qualify for loans.
]]>But ooba chief executive Saul Geffen said with interest rates remaining at historically low levels, which may drop further in 2012, home buyers and home owners would continue to benefit.
]]>Vancouver’s median home price of C$678,000 ($686,400) in the third quarter was 10.6 times its median pretax household income of C$63,800, making the city “severely unaffordable,” Demographia said in a report today.
]]>In 2011, there were 2,300 homes sold in the region, down 1.5 percent from 2010, but up slightly from 2009 levels, according to the report. The median sales price was $245,000, down 3.9 percent from last year.
]]>It was the second time in recent days that Bank of Canada Governor Mark Carney voiced concern about property prices, which surged after the financial crisis as borrowing costs tumbled.
]]>Median sale prices are currently $1,450,000, which is down six percent from the same period last year.
]]>A Real Estate and Housing Developers’ Association Malaysia (Rehda) survey found that 79 per cent of the 148 developers who responded were optimistic of the first six months of this year compared with 81 per cent in the second half of 2011.
]]>The government Wednesday tightened rules on the private-residential market for the fifth time in two years, with an emphasis on overseas buyers.
]]>For years, Indonesians and Malaysians were the dominant foreign property buyers in Singapore, a rich Southeast Asian city-state that is widely regarded as one of the safest places in Asia to park capital, thanks to its stable political environment and predictable laws.
]]>European Union isn't really the European Union anymore anyway.
]]>China is in the midst of a crash program to build 36 million subsidized apartments by the end of 2015—enough units to house the entire population of Germany.
]]>Many of China's property developers have been forced to sell assets to raise cash and pay off debt as Beijing's two-year campaign to bring down real-estate prices starts to show results.
]]>The increase was attributed to more land allocated for the construction of affordable housing while land prices fell amid restraining measures on home purchases.
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