HONG KONG, Aug. 20 /PRNewswire-Asia/ -- The latest update on the Hong Kong residential property market is made available next week when the Hong Kong Monetary Authority (HKMA) releases its mortgage survey results for July. Interestingly, the HKMA announced a series of measures as recently as August 13th aimed at cooling upward momentum in the residential property market.
Outlook for UK residential market and construction sector has turned bleaker
The most recent RICS Housing Market Survey suggests that buyer interest is waning in the face of the more uncertain economic outlook. The latest RICS Construction Survey also suggests that the recovery in workloads earlier in the year is already beginning to falter in the light of forthcoming public spending cuts.
US home sales outlook dependant on labour market
The National Association of Realtors (NAR) release their July existing home sales figures on Tuesday 24th while the Census Bureau publishes their July new home sales the following day. The outlook for home sales is heavily dependent on the state of the labour market. In this regard, the picture is quite weak, but there are grounds for cautious optimism. Job growth remains anaemic with the latest non-farm payrolls figure for July showing 71,000 private sector jobs created.
Polish commercial property market outlook is subdued
RICS Global Commercial Property Survey results show yields across all sectors of the market are falling (likely reflective of the medium term rental outlook), whilst momentum in capital values has almost come to a complete halt.
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