RICS global real estate weekly [electronic resource] 27 March 2009
RICS global real estate weekly 27 March 2009 [electronic resource]
- London RICS 2009
- RICS Global Real Estate Weekly 27 March 2009 .
Reports that the Singapore property market is feeling the effects of the economic downturn, with private home prices falling 6% in the quarter to December 2008, compared with a 2% decline in the previous quarter. In Japan, the number of housing starts fell to just over 70 000 in January, which (with the exception of the readings in August and September of 2007 which were affected by technical issues) is the lowest figure since 1984. In France, house prices are expected to fall further, however the house price downturn has been less severe here than in the UK. Finally, the Australian housing market looks stronger than the US, for the time being.
RICS GLOBAL REAL ESTATE WEEKLY
International
333.33 $2 18
Reports that the Singapore property market is feeling the effects of the economic downturn, with private home prices falling 6% in the quarter to December 2008, compared with a 2% decline in the previous quarter. In Japan, the number of housing starts fell to just over 70 000 in January, which (with the exception of the readings in August and September of 2007 which were affected by technical issues) is the lowest figure since 1984. In France, house prices are expected to fall further, however the house price downturn has been less severe here than in the UK. Finally, the Australian housing market looks stronger than the US, for the time being.
RICS GLOBAL REAL ESTATE WEEKLY
International
333.33 $2 18