HONG KONG, March 25, 2011 /PRNewswire-Asia/ -- Home prices for the first three months of the year are released on Friday 1st by the Urban Redevelopment Authority (URA). It will be the first indication of how well (if at all) measures taken by the Singapore government to cool the property market have worked. After home prices rose 17.6% in 2010, officials announced in January new measures aimed at maintaining “a stable and sustainable property market”.
UK Budget sticks to austerity line but offers some relief for the property sector
The latest Budget Statement from Chancellor George Osborne was framed within the context of the approach that was established in the two packages of measures announced last year. A raft of measures were introduced with direct relevance to the property sector.
US construction sector looks set for moderate growth in 2011
Looking ahead, the NAHB housing market index showed that home builders’ sales expectations increased from 25 to 27, suggesting a slightly more optimistic view on the coming year. Indeed, RICS anticipates that in the coming months the first signs of increased activity in overall construction will become evident.
French housing starts set to remain firm
French housing starts for February are due to be released by INSEE on Tuesday 29th. It is probable that they will continue to tell a positive story about house building in France.
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