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In 2017, China's home prices will probably ascend more than previously estimated notwithstanding a storm of government curbs to tame speculation, as a Reuters survey revealed on Tuesday, thus soothing concerns that the Chinese economy would slow abruptly.
Property prices will keep rising steadily as heavy government intervention assisted partly by a shift in demand to China’s smaller cities. That’s what the survey of 13 property experts and economists from August 21-28 disclosed.
As for average nationwide home prices, they were supposed to soar a median 6.8% in 2017 compared with a median forecast of 2% surge in the last survey in February.
In 2016, prices of new homes in China tacked on 12.4%, which is the fastest rate since 2011.
A resilient property market are going to be positive news for China's policymakers, willing to keep the real estate market steady before a once-in-five-years Communist Party congress.
Japan's average land prices managed to surge for the first time for 27 years in the year to July 1 because an influx of foreign tourists stimulated demand for shops and hotel properties…
US President Trump made a final decision concerning the US tariffs on Chinese imports…
The British pound tends to trade with high volatility as the Brexit deal remains cloudy. One day there’s a rumor of an agreement between Britain and the European Union and the next day it’s denied.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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