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Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
26 Feb 2025
Thailand's central bank is evaluating measures to support the property sector as developers struggle with falling demand and stricter lending. Industry players have urged the Bank of Thailand (BoT) to ease loan-to-value (LTV) rules to boost home sales. While the LTV ratio currently stands at 90%-100% for first-time buyers, rising bad loans and sluggish market conditions have reignited calls for policy adjustments. Finance Minister Pichai Chunhavajira has pushed for a review, citing weak consumer confidence. Any changes in lending policies could impact property prices, investment sentiment, and the overall housing market.Read more
26 Feb 2025
Rome's real estate market is gaining momentum as investors seek alternatives to Milan's dominance. The city attracted 17% of Italy's real estate investments in 2024, up from an average of 11% in previous years, with €1.7 billion invested. Public spending for the upcoming Holy Year and new town planning rules are boosting investor confidence. Rome is balancing growth with social housing to prevent displacement. Key projects, like the Ex Fiera di Roma redevelopment, aim to modernize urban spaces. While challenges remain in infrastructure and waste management, Rome's renewed focus on real estate makes it an attractive investment destination.Read more
25 Feb 2025
Private developers in the United Kingdom invested 473 million British pounds in purpose-built student accommodation (PBSA) in 2024, signing 22 land deals, according to Knight Frank. Despite a decline in international student numbers due to stricter visa policies, student housing remains profitable due to high rental demand and strong yields. Private-sector student rents have risen nearly twice as fast as university-owned housing. In London, annual student rent now exceeds the maximum student loan available. Universities are increasingly partnering with developers to expand housing, benefiting from cost savings and guaranteed occupancy, keeping PBSA a key investment sector.Read more
25 Feb 2025
Asian investment firm PAG has closed its 10th Asia-focused opportunistic real estate fund at USD 4 billion, surpassing its USD 3.5 billion target. This marks the largest real estate fundraising in the region over the past year. Japan will receive at least 60% of the fund's allocation, driven by stable interest rates, corporate reforms, and liquidity. PAG plans to invest 25-30% in data centers, alongside offices, multifamily housing, and logistics. With no China investments since 2019, PAG continues to expand in Australia and South Korea, capitalizing on Japan's growing appeal to global investors.Read more
25 Feb 2025
The recent 10% tariff on Chinese goods imposed by former President Donald Trump is driving up construction costs in the U.S., adding pressure to an already strained housing market. Builders face rising prices for essential materials like steel, aluminum, and glass, while supply chain disruptions create uncertainty in pricing and contracts. Higher costs are expected to be passed on to consumers, exacerbating affordability issues amid high mortgage rates. Developers are exploring cost-cutting measures but with limited relief. As the industry navigates these challenges, the National Association of Homebuilders is urging tariff exemptions to prevent further disruptions and housing shortages.Read more
24 Feb 2025
The Office for National Statistics reported that average house prices in the uk increased by 4.6 percent in december 2024, reaching 268,000 pounds. This marks the fastest annual rise since January 2023, up from a 3.9 percent increase in November. Lower borrowing costs and buyer urgency ahead of upcoming purchase tax hikes have contributed to the recovery. However, London experienced no growth while northeast England led with a 6.7 percent rise. Meanwhile, London's private residential rents climbed by 11 percent in the 12 months to January, reflecting broader market trends.Read more
24 Feb 2025
Swedish real estate firm SBB reported a reduced Q4 2024 pretax loss of 613 million Swedish crowns (USD 57.27 million), down from 3.37 billion in Q4 2023. The company, which owns hospitals and care homes, aims to cut costs and divest assets to strengthen its finances. Like other European real estate firms, SBB faced high interest rates but saw improved conditions in 2024 as central banks eased policies. CEO Leiv Synnes stated the company plans to enhance quality and significantly reduce central costs by the end of 2025. SBB remains focused on financial stability and operational efficiency moving forward.Read more
21 Feb 2025
Germany's housing construction permits hit a record low since 2010, with approval of only 215,900 permits in the last year, down 16.8% from the previous year. The drop mirrors major problems in the housing market, such as the delay caused by bureaucracy, the costliness of building, and extremely high interest rates. Analysts had feared the increased gap in housing demand and supply, and approvals are anticipated to fall further this year to approximately 210,000. Historically, Germany has failed to achieve its ambitious 400,000 new units a year target, with previous years also recording lower-than-requirements approval figures. The trend is a mirror of the need for Germany to act swiftly on its housing crisis.Read more
21 Feb 2025
Dubai's property market is soaring, with record-breaking sales and profits driven by foreign investors and an influx of expats. In 2024, Dubai ranked as the third-best-performing luxury real estate destination, with prices rising 16.9%. Major developers like Emaar and Binghatti saw profits more than double, while Aldar in Abu Dhabi also posted significant growth. Unlike past speculative booms, this rally is supported by stable population growth and government initiatives, including visa reforms. Luxury waterfront properties remain in high demand. With investor confidence strong and new projects underway, Dubai's real estate market is set to sustain its momentum through 2025.Read more
21 Feb 2025
New Zealand's property market is showing regional disparities, with Wellington facing uncertainty while Auckland remains stable. Mortgage adviser Craig Pope described the market as "patchy," citing economic factors like rising unemployment and falling property prices. Wellington, which saw a 25% price surge during the pandemic, is now experiencing inconsistent activity due to job cuts and weakened confidence. Meanwhile, Auckland's high supply has not led to price drops, suggesting a potential investment opportunity. With the Reserve Bank of New Zealand considering rate cuts, market conditions could shift further, making regional trends crucial for buyers and investors.Read more