Housing

World economy 19th August 2014

Further policy easing to support China’s property downturn

MADRID | The Corner | The biggest uncertainty for China’s economy now and in 2015 is the nature and duration of the ongoing property downturn. Following a sharp drop in the beginning of 2014, Chinese property construction has shown signs of improvement in recent months as policies have been increasingly relaxed. Both have provided support for the economy and property related stocks, with the latter rallying by 17% from trough levels. However, UBS analysts expect that the property downturn will weigh more heavily on growth in Q4 and 2015.

Spanish economy 27th June 2014

Home mortgages average in Spain rises by 6.2% to €100,394

MADRID | The Corner | Spanish mortgage business continued down the road and registered 13.4% less than last year in April’s property records. According to the National Statistical Institute (INE), the loaned capital for housing reached €1.5 billion, which is 8% less than the 2013 figure. Thus, the average amount of mortgages on dwellings in Spain is €100,394, i.e. +6.2% more than the previous year. The boards of technical architects awarded 11,680 building licences for new houses in the first four months of the year (4M2014), 9% less year-over-year. This construction visa remain far away from September 2006 maximum where they were beyond 255,000 in four months.

World economy 30th April 2014

Unglamorous economic indicators show how the US keeps on gaining strength

WASHINGTON | By Pablo Pardo | Freight trains and flipped houses are not ‘cool’ indicators. But they tell much more about the US than the unemployment rate or the GDP figures. The last figures show how the U.S. keeps on gaining strength.

In Europe 21st March 2013

Would a “Cammie Mae” housing agency work in the UK?

NEW YORK | The institution that UK government is thinking of establishing, similar to US giant government controlled agencies Fanny Mae and Freddie Mac, will improve the housing market and therefore the economy. But it comes with the risk of a bubble.

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