RICS global real estate weekly [electronic resource] 27 February 2009
RICS global real estate weekly 27 February 2009 [electronic resource]
- London RICS 2009
- RICS Global Real Estate Weekly 27 February 2009 .
The South Korean property market is showing decline in all sectors, with lettings demand for business space falling and rents also expected to fall. In Germany, residential building activity has fallen, with residential permit issuance declining by 17% in November alone, to the lowest level on record. In the US residential property sector the outlook is still bleak, with existing home sales falling 5.3% in January, sending prices to a six year low. In the UK housing market, buyer interest has increased, however the lack of availability of mortgage finance and fear of unemployment may dampen interest.
RICS GLOBAL REAL ESTATE WEEKLY
International
333.33 $2 18
The South Korean property market is showing decline in all sectors, with lettings demand for business space falling and rents also expected to fall. In Germany, residential building activity has fallen, with residential permit issuance declining by 17% in November alone, to the lowest level on record. In the US residential property sector the outlook is still bleak, with existing home sales falling 5.3% in January, sending prices to a six year low. In the UK housing market, buyer interest has increased, however the lack of availability of mortgage finance and fear of unemployment may dampen interest.
RICS GLOBAL REAL ESTATE WEEKLY
International
333.33 $2 18