RICS property survey highlights hotspots | 26 July 2012
Several countries are still producing “impressive” property investment and occupation figures, according to a survey by the Royal Institution of Chartered Surveyors (RICS).
Canada, Japan, Germany and the US are among the nations that are still enjoying a positive trading environment, ftadviser.com reports – with the report relating to the second quarter of 2012.
Simon Rubinsohn, chief economist at RICS, pointed out that there could also be more encouraging news on the way – despite a generally downbeat picture of the global property sector – thanks to the recent fiscal policy of central banks in China, Brazil and Europe.
He said: “The re-emergence of the euro crisis allied to generally weaker economic numbers has clearly taken its toll on much of the real estate world although the continuing strength of the market in countries such as Canada, China and Thailand is impressive.”
Mortgageintroducer.com reporter Sarah Davidson picked out Canada as an example of a particularly strong-performing nation. She noted that investment in the country remains positive and it also boasts the strongest rental growth reading, which could mean things will only get better.
Ms Davidson also highlighted the resilience of the property markets in Hong Kong and Russia among others, in terms of future rental prospects.
Written by Paul Smithson on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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