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Australian foreign property rules are mainly political

Location:

AUSTRALIA

The new rules, which include steeper taxes on foreign purchases of existing domestic properties, are part of a Labor strategy intended to free up more housing stock. The…

COVID-19 will transform commercial property dynamics

Location:

INTERNATIONAL

Retail and hotel properties are bearing the brunt of the collapse in demand due to the imposition of lockdowns and social distancing measures.

Dubai’s real estate sector will strengthen further

Location:

UNITED ARAB EMIRATES

In contrast to many developed and emerging markets, real estate prices, particularly at the luxury end of the market, have risen strongly in 2023. Nevertheless, residential…

High oil prices drive Abu Dhabi’s property sector

Location:

ABU DHABI

The top end of the United Arab Emirates (UAE) real estate market is showing the strongest rates of growth in years, fuelled by interest among buyers looking for a safe haven. The…

China's economic recovery is shakier than it may seem

Location:

CHINA

In quarterly terms, real GDP increased by 2.2%. Growth was driven by services: the tertiary sector grew 5.4% y/y. Consumption is shifting from goods to services, with hotels and…

US financial services will help mainstream cryptos

Location:

US

Yet snowballing interest outpaces crypto's use in any of the three main roles of money: a medium of exchange, unit of account or store of value. Crypto accounts for a sliver of US…

Commercial property unlikely to spark a global crisis

Location:

INT

The diversity of the asset class -- offices account for 17% of loans to commercial real estate, while the more resilient multifamily sector accounts for 44% -- and the illiquidity…

Lebanon’s belated budget will face political hurdles

Location:

LEBANON

The government is struggling to agree a budget that will allow an increase in public-sector salaries, financed by higher taxes and duties. If passed, it would be the first budget…

UK economy faces a shallow yet prolonged downturn

Location:

UNITED KINGDOM

The IMF forecast assumes UK interest rates peak at 6.0% (from 5.25% currently), and linger at 4.0-4.25% through to 2028. The IMF’s forecasts are similar to those of the Bank of…

Kazakhstan hopes proactive crisis spending is enough

Location:

KAZAKHSTAN

Kazakhstan's post-COVID-19 outlook.