22 Oct 2025

Prologis, a leading U.S.-based logistics and warehouse real estate trust, reported stronger-than-expected third-quarter results, posting a core FFO of USD 1.49 per share against forecasts of USD 1.44. Revenue reached USD 2.21 billion, surpassing market estimates. The company signed leases for a record 62 million square feet, fuelled by importers accelerating shipments ahead of upcoming U.S. tariffs. Prologis raised its 2025 earnings outlook to USD 5.78-5.81 per share. CEO Hamid Moghadam highlighted the sector's strong outlook for rent and occupancy growth. With operations across 20 countries, Prologis remains well-positioned to lead the industrial property market amid growing global logistics demand.Read more

22 Oct 2025

Dubizzle Group is preparing to sell a 30.34% stake in an IPO on the Dubai Financial Market, offering 1.25 billion shares to retail and institutional investors. The IPO will combine newly issued shares and existing ones, with Prosus investing USD 100 million. The company, which rebranded from EMPG in 2023, operates online marketplaces across multiple regions, primarily in property and automobiles. The UAE IPO market has been buoyed by high-profile listings, while Dubai's property sector benefits from foreign investment and residency reforms. Dubizzle's funding history includes major investments and strategic mergers that strengthened its market position.Read more

21 Oct 2025

Slovakia has approved its draft budget for 2026, aiming to reduce the fiscal deficit to 4.1% of GDP while maintaining spending on pensions, wages, and energy price caps. The government plans to implement tax hikes, adjust tax brackets, and cut state office expenses, among other measures. Despite efforts, the deficit is projected at 5.9 billion euros with debt rising to 62.8% of GDP. Economic growth is forecasted at 1.3% for 2026. Analysts warn that debt may continue rising, and the budget does not fully meet national debt regulations.Read more

21 Oct 2025

Vietnam's weekly government bond auction raised 1.32 trillion dong (USD 50 million), much lower than the USD 232 million raised previously, with only 10.1% of bonds sold. Coupon rates reached their highest levels this year, reflecting rising borrowing costs. Government bond sales in 2025 have now reached 256.2 trillion dong (USD 9.72 billion), funding public investment projects vital for economic growth. Corporate bond issuances total 424.4 trillion dong (USD 16.06 billion), with significant maturing bonds in real estate (38.9%) and banking (28.6%). Investor demand is cautious, and higher yields may be needed to attract buyers.Read more

21 Oct 2025

Bellway posted a stronger-than-expected annual pre-tax profit of GBP 289.1 million, exceeding forecasts of GBP 282.04 million, driven by strong spring season demand. The company raised its ordinary dividend by nearly 30% to 70 pence per share and announced a GBP 150 million (USD 199.2 million) share buyback. Despite robust results, it flagged a slower start to the fiscal year due to affordability pressures, high borrowing costs, and potential stamp duty changes. Bellway remains on track to complete 9,200 homes, supported by a solid order book and multiple active sales outlets.Read more

21 Oct 2025

SL Green Realty reported a third-quarter net income of USD 0.34 per share, outperforming analyst expectations of a loss. Funds from operations increased to USD 1.58 per share from USD 1.13 last year, driven by active leasing in Manhattan offices. The company signed 52 leases totaling nearly 658,000 sq ft, boosting occupancy and indicating steady demand. SL Green also entered a contract to acquire Park Avenue Tower for USD 730 million, expected to close in early 2026. While same-store cash NOI fell 4.2% due to lower percentage rent from One Vanderbilt, the company anticipates Manhattan office occupancy to reach 93.2% by year-end.Read more

21 Oct 2025

New Zealand's central bank will relax mortgage LVR rules from December, allowing banks to lend a higher proportion of loans to buyers with deposits under 20%. Acting Assistant Governor Angus McGregor highlighted that the move will improve credit access, especially for first-time homebuyers, while supporting market efficiency. House prices are now roughly 16% below their 2021 peak, with moderate lending growth and limited high-risk lending. Debt-to-income restrictions introduced last year will remain, helping maintain borrower resilience and moderating the potential impact of future housing market adjustments.Read more

20 Oct 2025

Travis Perkins, one of Britain's major building materials suppliers, reported a 1.8% increase in third-quarter like-for-like sales, driven by strategic pricing and targeted promotions. Its core Merchanting division, which caters to construction and home improvement markets, saw a 1.7% sales rise. This growth comes despite the UK construction market contracting for the ninth consecutive month, as companies delayed major projects ahead of the government budget. With new CEO Gavin Slark set to join soon, Travis Perkins is focusing on regaining market share and sustaining momentum in a challenging environment.Read more

20 Oct 2025

South Korea has imposed stricter mortgage limits on first-time buyers in Seoul and nearby areas due to rising apartment prices. Borrowing is now limited to 40% of a property's value, down from 70%, and the maximum loan is capped at 600 million won (around USD 421,000), regardless of income. These are the third set of restrictions since President Lee Jae Myung took office, targeting worsening affordability in the capital. With a price-to-income ratio of 21.3, Seoul now surpasses London and Sydney, highlighting the pressing challenges for new buyers in the city.Read more

20 Oct 2025

Bellway CEO Jason Honeyman has called on the UK government to eliminate stamp duty for first-time buyers and implement a long-term deposit assistance scheme to help young adults enter the housing market. With affordability pressures and low consumer confidence dampening demand, homebuilders are struggling despite incentives like deposit top-ups and discounts. Honeyman highlighted that many young buyers lack family financial support, emphasizing the need for government intervention. The move aligns with the Labour government's focus on housing, aiming to boost market activity and support economic growth.Read more