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20.10.26 - 01:00
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Money manager eyes Asia-Pacific property for growth, but tells investors to keep bet on US (SCMP)
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US-based money manager Principal Asset Management says it is poised to become more active in Asia-Pacific property markets, believing investors have been “underweight” in the region's office property segment.
Richard Hill, its senior managing director and head of global real estate research and strategy, said the group was also seeing continued interest from institutional investors in the Asia-Pacific region looking to access opportunities in US commercial real estate as it was “too big to......
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19.10.26 - 17:15
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US Homebuilder Confidence Crashes To 14 Year Low, Blame Mortgage Rates & Immigration (ZeroHedge)
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US Homebuilder Confidence Crashes To 14 Year Low, Blame Mortgage Rates & Immigration
American homebuilder confidence crashed to 29 in October - down from 32 in September and worse than the 31 print expected as rising mortgage rates, energy and material costs, and worsening labor and lot conditions have pushed builder sentiment to a 14-year low.
All three of the major HMI indices posted losses in October.
The index measuring current sales conditions fell two points to 33, the index gauging future sales expectations dropped five points to 32 and the index charting prospective buyer traffic fell five points to 18.
“Mortgage rates have climbed well above 7% in recent weeks, and higher gas prices and inflation have further weakened buyer traffic across much of the country,” said NAHB Chairman Bill Owens, a home builder and remodeler from Worthington, Ohio.
“Though builders are also contending with higher costs for construction loans, building materials and diesel, the Trump administration's...
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19.10.26 - 11:18
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More than half of UK first-time buyers paying more for mortgage than they did for rent (The Guardian)
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Hamptons says figure of 56% is highest in at least a decade, with mortgage rates rising since start of Iran warA majority of first-time UK buyers now pay more towards their monthly mortgage bills than they used to pay in rent, the estate agent Hamptons has found.Last month 56% of first-time buyers said their monthly mortgage bills exceeded their previous rent, the highest proportion in at least a decade, according to Hamptons. They paid £39 more on average. Continue reading......
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19.10.26 - 08:00
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Why mainland Chinese still drive Hong Kong′s housing market despite Beijing′s 20% tax (SCMP)
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Although the Chinese government imposed a 20 per cent tax on rental income and capital gains derived from overseas properties transferred into offshore trusts by mainland residents, agents said these investors remained a key driver of the Hong Kong property market.
China's Ministry of Finance and the State Taxation Administration said in July that rental earnings – profits from the sale of properties and investment gains derived from assets including real estate, stocks or equity interests held......
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19.10.26 - 07:18
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The housing crisis is now global. It shows just how undemocratic our nations have become | Leilani Farha (The Guardian)
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When we can't even afford to rent or buy somewhere to live, we have to ask: did we give the financial sector too much power?Leilani Farha is the former UN special rapporteur on adequate housingIn the summer of 2021, I visited a homeless community in a park in Toronto, Canada, and spoke to one of the residents. He was living in a tent in the shadow of brand new skyscrapers, and had been homeless for about five years. At one point he swivelled around, pointed up at a crane on the skyline, and said: “Who are they building those for? Definitely not for me.”He was right. And he captured something experienced by ordinary people around the world: the growing conviction that the housing system is no longer tethered to their needs. What he was pointing at is not just a housing crisis. It is a crisis of democracy.Leilani Farha is the 2026 CBC Massey lecturer. This piece is based on her new book: Housing Inc.: A Global Takeover and Our Fight for Home. She is the former UN special rapporteur on adequate housing ...
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19.10.26 - 06:12
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China′s Growth Rebounds While Home-Price Slump Eases (Bloomberg)
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China's growth accelerated more than expected in the third quarter while home prices fell at a slower pace in September. Maybank Macro Research Director Erica Tay discusses what it may mean for stimulus expectations. (Source: Bloomberg)...
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