If you are interested in property news, there are many different sources you can use. You can get Nordic Property News, read about the newest projects in London, and find out more about Hong Kong and the property market there. The article also includes information on the new “normal” in New York City. Read on for more information. Below you will find an overview of the latest property news from the Nordic region and other areas. Alternatively, you can learn more about the latest developments in the New York City real estate market.
Nordic Property News
The Nordic region has become a popular place for international investors, and the Nordic property. The largest non-Nordic investors include the British, American, and German. These investors have a strong interest in the real estate market, but it is still unclear whether they will become investors in the Nordic property market. To learn more, read Nordic property news.
The Nordic property markets have experienced a robust year, with transaction volumes exceeding EUR 44 billion – the highest volume in five years. This is partly due to a strong Swedish market and several large corporate deals. According to Pangea Property Partners, a property advisor in Copenhagen, Denmark, and Sweden, the Nordic market stands out even amid a difficult year for European property markets. The region’s property markets are also expected to grow at a fast pace over the coming years, which bodes well for investors looking to buy property in the future.
New York City’s new real estate “normal”
The rise of Big Real Estate in New York City is a fascinating case study, demonstrating how these powerful developers conspired to force out industrial companies and the industrial workforce. New York used to be the financial, real estate, and industrial capital of the world. But Big Real Estate conspired to push those industries out of town, despite the fact that their goals are quite different from those of the industrial sector. Big Real Estate wants to profit from everincreasing land prices while industrial companies have a more limited desire to maximize housing profits.
The lack of inventory in some areas of the city has caused prices to rise. The total housing inventory in June was 18.2% less than it was a year ago, despite historically low interest rates. A lack of inventory is particularly apparent in New York City, where most people work from home and rent. Because the city’s rental market is more sensitive to market conditions, the decline in demand could lead to lower prices in these areas.
Hong Kong’s property industry
While the housing market in Hong Kong remains healthy, prices remain very high relative to median incomes. In the last four years, prices have moved sideways, according to statistics from the property agent Centaline. Moreover, the strict Covid-19 regulations have forced many people to leave the city, driving down its population. Despite the decline in the population, the government estimates that Hong Kong will still have a population of 7.4 million by 2019.
Moreover, despite the slowdown in the economy, home prices in Hong Kong have risen steadily since 1997. In January, prices of homes in the city’s exclusive Peak district hit a record high of HK$640 million. In the same month, 95 percent of apartments in the city sold for more than their initial costs. Developers have slowed building properties out of caution, affecting the prices.
However, the situation is not as dire as it sounds.
London’s property market
The government’s decision to hike the tax on property purchases has scared off many wealthy investors and caused prices to drop in central London. Brexit has also weighed heavily on the London market. In addition, the Bank of England is expected to keep slowly raising interest rates, making mortgages unaffordable for most Londoners. Even so, the current average house price in London is PS486,000 ($690,000).
The data in the map above show where the most new development is located in London. The data from HM Land Registry is not comprehensive as it covers only market housing and excludes some transaction types. The maps show the top five London boroughs by total number of transactions and average sold price. Kensington and Westminster have the highest concentration of new build. In contrast, London’s prime market is a little more dynamic. It is also a little more expensive than it used to be.