HONG KONG, Feb. 25, 2011 /PRNewswire-Asia/ -- The announcement of the 2011 national budget last Friday confirmed the strong performance of the Singapore economy through FY 2011. The outlook for 2011 seems to be that the economy will slow, especially in the second half of the year, but will still grow at a greater rate than forecast in the 2010 budget. There was, however, an acceptable of downside risks, most notably inflationary pressures.
Russian commercial property market is strong but uncertainties are emerging
Against the backdrop of moderately strong economic activity but accelerating inflation, the Russian commercial property market appears to be benefiting as revealed by the latest RICS Global Commercial Property Survey. Looking forward, there are a number of uncertainties that cloud the outlook for the commercial property market i.e. the prospect of rising interest rates and accelerating inflation.
US commercial property prices looking for some traction
The latest Moody’s/ real Commercial Property Price Index (CPPI), showed prices fell 1% during December (the first monthly fall since August) and 2.1% on the year. 2010 has been a story of scraping the bottom of the barrel, with an equal number of months recording price falls as rises.
Spanish housing market has yet to find bottom
Housing prices are between 12% and 21% below their peak, depending on which measure is used. Looking forward, there is little ground for optimism in the housing market, at least over the near term.
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