RICS Global RE Weekly: Chinese Real Estate Building Investment to Moderate in 2010
HONG KONG, March 5 /PRNewswire-Asia/ -- Monthly growth in fixed asset investment in real estate is now growing at three times the pace of 2004 and at close to double the pace of the 2007. It would not be a surprise, however, to see this trend moderate somewhat in 2010 as attempts to rein in monetary stimulus gain traction.
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US and Japan expect most distressed properties in Q1 2010
The Q4 RICS Global Distressed Property Monitor was released on Monday 1st, the US and Japan expect to see the fastest pace of growth in distressed assets in Q1 2010, with China, Germany and the UAE next in line.
2010 European Housing Review launched
The 2010 RICS European Housing Review was released on Tuesday 2nd. It shows that a significant number of European residential markets began picking up from the spring of last year and suggests that a further improvement is expected over the course of this year.
Canada introduces measures to curb mortgage activity
The Canada Mortgage and Housing Corporation, the national housing agency, has suggested that the recovery in new developments is likely to stabilize over the course of 2010 partly in response to the new mortgage rules announced by the federal government.
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SOURCE Royal Institution of Chartered Surveyors
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