Real estate industry
Chinese bankers are grappling with two significant concerns: the risk of falling housing prices and the outstanding loans to local governments via financing platforms. A survey by the China Banking Association and PricewaterhouseCoopers found that 72% of Chinese bankers believe the risk of plummeting housing prices remains their top concern.
Real estate industry
The US economy is struggling with sluggish growth, and Deutsche Bank's Chief US Economist, Peter Hooper, attributes this underperformance to households' cautious spending behavior. According to Hooper, the key factor is that households have been deleveraging, reducing their debt levels, and this process is critical in determining
Real estate industry
As part of a further crackdown on tax evasion, the Australian Taxation Office (ATO) has announced that it will be scrutinizing motor vehicle and property sales to identify taxpayers who may not be meeting their tax obligations. The ATO will be matching updated information from the states and territories against
Real estate industry
Australia's Brickworks Ltd (ASX:BKW) has announced a decline in annual net profit, largely due to its shareholding in Washington H Soul Pattinson & Co Ltd (ASX:SOL), which reported an 80% drop in net profit. The company forecasts a short-term softening in demand as government stimulus work
Real estate industry
The South Korean government has taken steps to alleviate the struggling housing market, which has seen a significant decline in transactions since late last year. The Ministry of Land, Transport and Maritime Affairs, the Financial Services Commission, and the finance and public administration ministries have introduced a plan to raise
Real estate industry
South Korea has announced plans to temporarily ease financial borrowing and tax rules to help alleviate the sharp drop in housing transactions, which have declined by 50-60% in the past four months compared to the normal period. The measures, announced jointly by the finance, public administration, and land and construction
Real estate industry
A groundbreaking project is underway in Bowling Green, Kentucky, where Western Kentucky University and Habitat for Humanity are partnering to create a 16-acre, 50-unit green housing community. Dubbed Durbin Estates, this innovative development will incorporate low-impact development techniques and feature a range of sustainable features, including community gardens, community interaction
Real estate industry
The South Korean government is set to announce measures next week to boost the country's slumping property market, including an increase in the ceiling of bank loans given to homebuyers. The government seeks to ease the debt-to-income (DTI) ratio ceiling for genuine homebuyers, allowing them to borrow more
Real estate industry
The Australian home buying market is facing a significant decision, as fixed and variable mortgage rates near parity, prompting potential buyers to consider locking in their loans. According to Commonwealth Bank chief economist Michael Blythe, the labor market trends and job prospects will play a crucial role in driving the
Real estate industry
As the Roghun hydropower plant nears completion, thousands of people are being relocated to make way for the project's construction. According to Tajik Labor Minister Makhmadaminov, approximately 1,500 families with 6,538 members will be moved, with nearly 453 families already relocated. The resettlement process is expected
Real estate industry
Twenty-seven new homes under construction in Shirecliffe will be equipped with solar panels, reducing energy bills for tenants and decreasing carbon emissions for the authority. The council has secured a £112,000 grant from the Department of Energy and Climate, as well as a £1.5 million grant from the
Real estate industry
Crude oil prices climbed on Tuesday, coinciding with higher equity markets, despite ongoing concerns about a rescue package for Greece's debt and the strength of the economic recovery. The National Association of Realtors reported a 0.6% decline in existing home sales in February, less than expected, which
