DEC 2012/JAN 2013 |
www.opp-connect.com
NEWS
WORLD ROUND-UP | 07
10- RUSSIA
Internet drives investment The internet is having a major eff ect on Russian overseas property investors, according to a new survey. The web is the fi rst source for overseas property for 77% of users, the survey from Russian property portal
www.1-property.ru has found. More than half (53%) spend 27 minutes searching and the leading investment targets were Bulgaria, Spain and Turkey.
3- CHINA
7 million low-cost homes The Chinese Government says it has hit its target to build 7 million aff ordable homes in 2012. On top of that, it aims to build an- other 5 million units for low and middle- income families in 2013, says Minister of Housing and Urban-rural Development, Jiang Weixin. Jiang says the policy “is proving to be eff ective in cooling down China’s real estate market.”
5- DUBAI
Sales continue upward path Dubai is continuing to see optimism in its property market, as home sales increased even further in the third quar- ter of the year, according to a report by
iExpats.com. Sales reached 2,876 from July to
September, up from 1,578 in the second quarter of 2012. This was a year-on-year increase of 82%.
2- INDIA
Soaring investment returns India’s real estate sector is seeing high investment returns, as prices could rise by up to 145%, according to a survey by Knight Frank. A return of between 18.6% and 29%
annually over the next fi ve years is possible, and likely to be a fundamental attraction for investors.
7- AUSTRALIA
Prices and mortgages up Australia’s property prices and mort- gage rates are expected to both grow by up to 5% in 2013, according to a report by Deloitte. But many households are continuing
to pay their current mortgages rather than beginning new ones, contributing to the building and construction sector’s weak state – at its worst in 20 years.
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