Real estate industry
The Reserve Bank of Australia's decision to maintain the overnight cash rate at 5.50 percent has been vindicated by recent building approvals and motor vehicle sales figures. The number of residential building approvals fell by 8.0 percent in August, defying expectations of a marginal increase, with
Real estate industry
Thousands of disabled, widows, and helpless Afghan women will receive new homes in two residential colonies being constructed in the northern Takhar province. The Women Affairs Ministry, under Minister Dr. Masooda Jalal, is executing the projects that aim to benefit women whose homes were destroyed and family members killed in
Real estate industry
Consumer confidence took a severe hit in September as Hurricane Katrina's devastation led to concerns about heating costs and gas prices, causing the biggest drop in 15 years. The decline in confidence raises questions about consumer spending for the holiday season, while new-home sales also plummeted in August,
Real estate industry
South Korea's reliance on low levels of housing taxes has resulted in a significantly lower ratio of home taxes to total tax revenue compared to other advanced nations in 2003. According to the Bank of Korea, the ratio stood at 9.6 per cent in 2003, far below
Real estate industry
The Queensland government has greenlit a A$1 billion lifestyle precinct in Townsville, which includes a new cruise ship terminal, expected to cater for up to 40,000 visitors each year. The Ocean Terminal development will be a joint venture between Tabcorp Holdings Ltd and Consolidated Properties Ltd, with the
Real estate industry
South Korea's financial regulator, Chairman Yoon Jeung-hyun of the Financial Supervisory Commission, has emphasized the need to curb housing mortgage loans by adjusting the loan-to-value (LTV) ratio in select areas. This move aims to combat soaring housing prices, particularly in southern Seoul, without stifling genuine demand for housing
Real estate industry
Mitsubishi Corp. and U.K.-based real estate developer Grosvenor Group Holdings Ltd. are teaming up to expand their real estate fund operations, marking a significant move into the Japanese market. The joint venture plans to launch a roughly 33 billion yen (US$304.1 million) real estate fund for
Banking industry
The housing market in the UK continues to show signs of a slow recovery, with the Halifax Building Society reporting a slight increase in average house prices for June. This 0.3% monthly rise follows a revised 1.7% drop in May and a 0.3% decline in April, indicating
