HONG KONG, Nov. 12, 2010 /PRNewswire-Asia/ -- The results of the Q3 RICS Global Commercial Property Survey showed that sentiment amongst property professionals in Korea was downbeat, as the net balance for most indicators declined including the drop in occupier side tenant demand, rent expectation for next quarter, development starts, investment demand and capital value expectations. For viewing the complete report, please visit http://www.ricsasia.org/newsDetail.php?id=268.
Solid if unspectacular Russian economic recovery underpins real estate market
A backdrop of solid if unspectacular growth (expected economy to expand by 4.5% over the coming year) coupled with a broadly stable monetary stance should not be a bad one for the real estate sector. This is borne out by the generally positive results reported for the Russian commercial market in the latest RICS Global Property Survey. Tenant demand increased strongly in third quarter fuelling a further acceleration in rental expectations.
US residential construction stabilises
The last couple of months have seen housing starts stabilise after sharply falling due to the homebuyer tax credit expiring. Looking ahead, the QE2 by the Federal Reserve should drive more investors away from government debt and into other asset classes such as commercial real estate. This should support capital values.
Sweden housing bubble risks likely to prompt further action from authorities
Whether there will be a soft or hard landing in the Swedish housing market is difficult to judge at this stage. Clearly the authorities are alert to the risks and if the current boom continues for much longer, it is likely that a more aggressive policy response will be delivered.
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