(Bloomberg) — Denmark is monitoring its property market and is ready to act should the country’s efforts to defend its euro peg result in unsustainable house-price distortions. Morten Oestergaard, the country’s economy minister, says such a scenario “may come in the second or third wave” of the economic cycle as the central bank drives its […]
The International Monetary Fund is raising red flags about Canada’s housing market, warning that moves by Ottawa in recent years to tighten mortgage lending standards and boost oversight of the country’s financial system haven’t gone far enough. Household debt levels remain well above those in other Western countries, the organization said in a commentary posted […]
It’s not the foreignness of global capital flowing into the capital’s property market that is the problem but the uses to which it’s being put One Hyde Park. It’s become received wisdom that wealthy foreigners are to blame for the unaffordability of homes in London. You know how the story goes: they buy everything in […]
MUMBAI: KPMG, one of the big four consultancies globally, has acquired the Indian arm of Spanish boutique advisory firm AF-Mercados for an undisclosed sum. MUMBAI: KPMG, one of the big four consultancies globally, has acquired the Indian arm of Spanish boutique advisory firm AF-Mercados for an undisclosed sum. The acquisition is aimed at entering the […]
**A view of the Nairobi CBD Chinese businesses have been moving into Kenya’s property market, where failed investments are rarely reported, the 21st Century Business Herald reported. There is no exact figure about the number of Chinese property developers operating in Kenya, and even the Chinese embassy in the African country cannot give such information. […]
Toronto’s housing market broke through an important financial threshold in February as the average price of detached homes topped $1-million for the first time. Realtors say that despite a deep freeze in the city last month, the all-important spring market has come early this year as buyers rush to do battle over the scant supply […]
The Reserve Bank of Australia’s decision this week to keep rates on hold will not halt Sydney’s booming property market, experts say. The median price for a Sydney home rose 1.4 per cent in February, while in the rest of the capitals combined – including Sydney – it was up just 0.3 per cent, according […]
