Asia Pacific
In 2013, real estate transaction volumes hit their highest level since 2005, totalling USD90.4 billion (THB 2.98 trillion), a rise of 24.2 percent against full-year 2012 rates, according to a report from CBRE. The increase in volume was led by strong investment activity in Australia, China and Japan with these three markets each likewise recording their highest annual total since 2005. Japan was the standout performer with transaction volume surging a massive 110.5 percent year-on-year to USD23.7 billion (THB 781.39 billion) thanks to the implementation of stimulus policies that boosted market sentiment. Australia and China grew by 35.5 percent and 17.9 percent year-on-year, respectively.
Indonesia
Head of the developers’ association Indonesian Real Estate (REI), Eddy Hussy, announced that growth in the property sector would be held back 10 percent in 2014, New regulations, including changes to the Loan to Value policy and the institution of waiting periods for ordered houses are among the issues impacting real estate in the coming quarters. Hussy contends that regulations designed to reduce speculation will ultimately harm consumers speculation practices in the country’s robust property sector as it would eventually disadvantage consumers.
UK
Prime Central London’s buoyant rental market is experiencing a shortage of supply for family housing, according to a report from W.A. Ellis. Lucy Morton, senior partner and head of lettings at the real estate agency commented that “In the family house market, we are currently experiencing a shortage of supply, and we are encouraging investors to purchase family houses to satisfy the current demand. Due to the shortage, we are anticipating that rents will increase in this area of the market.”
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