Tag Archives: china

Prime rental market in key global cities showing signs of recovery

Prime rents across the 17 key cities around the world fell marginally by just 0.4% in 2016 suggesting that the sector is seeing a recovery. Some 10 of the cities recorded rental growth over the course of the year, up from seven in 2015, according to the data from the Knight Frank’s prime global rental […] The post Prime rental market in key global cities showing signs of recovery appeared first on PropertyWire . Continue reading

Posted on by tsiadmin | Posted in 2017, accommodation, activity, ads, Advertising, advice, afford, affordability, AGA, age, Ais, ales, America, annual, ASA, average, awards, ban, bank, banks, borrowers, bottom, buy, Buy to Let, buyer, Buyers, buying, Canada, cap, Central London, change, China, choice, Cities, city, commercial, Commercial Property, Company News, currency, cuts, Cyprus, data, deal, Demand, develop, Development, earn, Energy, England, England Wales, estate, Estates, Europe, expensive, family, farmers market, features, Fees, finance, Finance Update, fines, first time buyer, first time buyers, flat, fund, funding, future, gap, global, Global News, government, growth, home, homes, Hong Kong, hot, house, house prices, impact, increase, Index, inflation, infrastructure, insight, interest, interest rate, interest rates, invest, Investment, investments, Isa, land, landlord, Landlords, lease, Legal, lender, lenders, letting, letting fees, Lettings, lettings market, Location, London, low, luxury, market, markets, month, mortgage, mortgages, move, movers, moving, Nairobi, new, new home, New Homes, New York, News, North America, older, omes, ONS, overseas, permission, plan, Planning, policies, policy, president, price, prices, prime, prime central, prime central London, Prime Property, private, private rented sector, products, propert, properties, Property, property market, property prices, Property Wire, rates, Real Estate, record, recovery, reduced, regional, release, Remortgage, rent, rental, rental growth, Rental Market, rental values, rentals, rented, rented sector, rents, report, research, Residential, rise, sales, sea, search, sentiment, shared, site, standard, start, states, steady, Supply, support, survey, target, tax, Taylor Scott International, tenancies, Transactions, trend, trillion, Trump, TSI, U, Uk, UK home, US, USE, value, Values, Vienna, Wales, work, young people | Tagged , , , , , , , , , , , | Comments Off on Prime rental market in key global cities showing signs of recovery

British house builders optimistic about the future despite Brexit

House builders in Britain are optimistic despite market uncertainty and skills shortage but a third regard Brexit as a major challenge, new research has found. The sector’s confidence is reflected in average five year investment plans, increasing 17% year on year and average growth over five years of 28% predicted, up from 25% last year. […] The post British house builders optimistic about the future despite Brexit appeared first on PropertyWire . Continue reading

Posted on by tsiadmin | Posted in action plan, ads, advice, affordable, age, agent, agents, ASA, Asia, Australasia, Australia, average, bank, Brexit, build, Builders, building, buy, Buy to Let, Buyers, buying, capital, challenge, change, China, Cities, commercial, Company News, confidence, construction, cost, councils, data, database, Demand, developer, Developers, Development, Dubai, Europe, finance, Finance Update, fixed rate, flooding, forecast, fund, future, global, Global News, government, growth, home, home builder, home builders, home hunts, homes, house building, house prices, houses, Housing, Income, Index, international, invest, Investment, investments, land, Leeds Building Society, Lloyds Bank, Location, London, luxury property, market, Middle East, mortgage, mortgages, new, new home, New Homes, News, obstacles, ONS, Outlook, owners, Planning, policy, price, prices, prime, Prime Property, products, Property, protection, purchase, Real Estate, recovery, referendum, rent, rents, research, Residential, sales, search, skills, slowing, Spain, standard, study, survey, Taylor Scott International, Towns, Transactions, TSI, U, Uk, US, USE, value, Values, villages | Tagged , , , , , , , , , | Comments Off on British house builders optimistic about the future despite Brexit

Hong Kong residential sales fell by 8% month on month in July

The volume of residential sales in Hong Kong fell 8% month on month in July after three months of growth in a row, the latest figures from the Land Registry show. Overall property prices remained stable and this was due to sustainable end user demand, according to the analysis in the latest monthly report from international real estate firm Knight Frank. It explains that the new build market, which contributed to about one third of total residential transactions in Hong Kong, is where major developers generated good sales in their recently launched projects. For example, Park Yoho Venezia in Yuen Long has sold 95% of its 62 units in its third batch of sales in July and The Ascent in Cheung Sha Wan was oversubscribed seven times and sold over 94% of its first batch of 125 units in one day. There have been some transactions in the otherwise muted land market. In one notable sale, a domestic site in Pak Shek Kok, Tai Po was sold at an accommodation value of HK$3,932 per square foot, up 19.2% from two years ago when the adjacent site was sold. However, the report points out that despite the recent pickup in sales, the surge in upcoming supply is expected to suppress growth in home prices. According to the latest data from the Transport and Housing Bureau, 93,000 new homes are to be provided in the coming three to four years. ‘Developers are expected to continue offering deep discounts and competitive mortgage schemes to attract buyers in order to offload inventory before a possible US interest rate hike in the coming months,’ the report says. ‘We maintain our forecast of luxury home prices falling 5% to 10% this year and mass residential prices dropping up to 10% over the year,’ it adds. The report also says that the Grade A office market in Hong Kong remained subdued in July as many large financial institutions continued to downsize which had a negative effect on leasing demand. This means that medium sized firms are using it as an opportunity to take up space released by multinational corporations and Knight Frank expects this trend to continue. By the end of the year Knight Frank expects central office rents to increase but in decentralised areas, such as Kowloon East, there is likely to be rental pressure due to increasing upcoming supply. Continue reading

Posted on by tsiadmin | Posted in Investment, investments, land, London, News, Property, Real Estate, Shows, Taylor Scott International, TSI, Uk | Tagged , , , , , , , , | Comments Off on Hong Kong residential sales fell by 8% month on month in July