Property 

Qatar’s property market faces reality check ahead of World Cup amid oversupply, spat with Gulf neighbours

Qatar’s Doha Tower, a spiked cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide property boom, but today about half of its 46 floors are empty.The office tower, now a familiar part of the capital’s high-rise skyline, has run foul of what real estate brokers, bankers and analysts say is an oversupplied Qatar property market ahead of the 2022 World Cup that mirrors a real estate downturn in the wider Gulf region after a drop in oil prices.Qatar has the added… Source link

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Property 

UK property agents at gloomiest for 10 years in latest monthly Royal Institution of Chartered Surveyors snapshot

Brexit uncertainty and a lack of affordability in some areas continue to stifle the UK housing market, leaving Britain’s property agents with their gloomiest view of property values in 10 years.The latest monthly snapshot from the Royal Institution of Chartered Surveyors (Rics) shows a further weakening of the market, with demand, prices and sales expectations all down.The industry survey came as the latest government figures showed annual house price growth across the UK had slowed to its… Source link

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Global 

Donald Trump’s fair trade and intellectual property demands ‘good for China’, says economist Jin Keyu

US President Donald Trump’s demands for China to protect intellectual property rights and to conduct fairer trade practises are “actually good for China”, Jin Keyu, an associate professor of economics at the London School of Economics, said. “What the US are demanding of China to do in terms of better protection of intellectual property and fairer trade practises are all good things for China in the long run,” said Jin in an interview this week. “What President Trump is asking China to do is actually good for China, it’s a…

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Brexit: How influential is it on the UK property market?

[Sponsored Article] Brexit may be dominating headlines ahead of the UK’s historic exit from the EU on March 29, but overseas property investors have no reason to be worried. Whatever the outcome of the Brexit negotiations, their impact on residential markets will be negligible at worst, with a strong likelihood of being very favorable to international buyers. Foreign investors have largely been undeterred by the Brexit drama. According to figures from Jones Lang LaSalle (JLL), around half of all UK property acquisitions in 2018 were made by overseas investors, totaling…

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Vietnam 

Development trends that will shape property market in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — The real estate market remains strong in 2019 since the economy continues to grow robustly and there is a lot of investment flowing into infrastructure, thus attracting both domestic and foreign investors. According to real estate and investment management services firm Jones Lang Lasalle (JLL), in 2019 the mid-priced and affordable segment will dominate the market. In HCM City, the supply of finished apartments in all segments has reached 160,000 units, corresponding to a rate of 17 apartments/1,000 people. “If…

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Negative equity rears head again as 262 homeowners see property values drop below outstanding loans

Falling prices pushed 262 homeowners into negative equity in the fourth quarter last year, marking the first time in two years that some property values have dropped below outstanding mortgage loans, the Hong Kong Monetary Authority said on Thursday. The HKMA said these negative equity cases were mostly related to housing loans given to bank staff or to those under the mortgage insurance programme, which have higher than normal loan-to-value ratios. These type of mortgages could be as high as 105 per cent of the value of the property, compared…

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Next generation out to prove itself, will be more creative with property investment, says Savills

Young blood looking to prove itself will look for more creative ways of deriving income from real estate, as compared with the previous generation of rich Hong Kong families, according to Jonathan Chau, deputy managing director of investment and head of the private investment office at global property services provider Savills. This new and younger generation is more open to borrowing from banks and will not buy property to just collect rent. “They tend to buy only if they have ideas and want to do business there,” said Chau. Hong…

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China waves off speculation it will send in cavalry for shaky property market

China’s central and local officials have a message for the all-important property market: don’t expect the cavalry. During these rocky times for the sector, “stability” is en vogue. On January 21, President Xi Jinping told provincial heads to enact a “long-term mechanism” to ensure the healthy development of the property market. Since mid-January to last week, provincial leaders have moved in line to pledge “stability” in their respective local markets this year. That is meant to put off expectations that cities will ease policy curbs put in place to cool…

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Southeast Asia’s property markets looking up thanks to young population, upbeat GDP growth, analysts say

Vietnam and Singapore are tipped to lead price growth in the property markets in Southeast Asia this year, underpinned by the region’s youthful population and relatively long period of political stability. “The youthful population is playing a large part in the growth of the region, and the long period of political stability in the region is helping too,” said Chris Marriott, Southeast Asia chief executive officer at Savills. Asean data shows the 10 member states had a combined population of 642.1 million in 2017, with roughly half between the ages…

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Vietnam 

Property firms face financial difficulties – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY  — HCM City-based property developers listed their difficulties at a meeting between the HCM City Real Estate Association and the city authorities on Wednesday. An executive from the Chợ Lớn Real Estate Company urged the city to invest more money in the joint-venture projects with it, saying it is unable to raise funding for them. Vietcomreal called on city authorities not to review the legal aspects of old property projects already sold to customers since it would cause anxiety among the public.…

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