One of the problems affecting the Australian real estate sector at present is the oversupply of homes for sale, one expert has claimed.
In an interview with News.com.au, managing director of SQM Research Louis Christopher was not optimistic about the outlook for the industry.
"The worst is still in front of us. There is a huge overhang of stock for the market to work through and it is going to get worse before it gets better," he asserted.
Mr Christopher suggested that further cuts to interest rates are needed if the country's property market...
Prices for property in the US are likely to see more falls in the next 12 months, it has been suggested.
PropertyJournalist.com founder and freelance journalist Marc Da-Silva says the sector is still struggling to kick start a real recovery - and the fact that banks in the country are yet to put up repossessed real estate for sale could further hamper growth in the future.
"There are reports coming out that they are planning on unleashing a lot of this stock on to the market over the next year or two. What this effectively will do is flood the market," he...
Government housing report says almost 40% of converted flats and older properties have category 1 hazards, which can cause death, burns and loss of limbs
Nearly a third of properties in the private rented sector contain major safety hazards, according to data contained in a government survey of UK housing stock.
The annual English Housing Survey shows that 28.2% of dwellings in the private rented sector have a category 1 hazard compared to 14.5% of local authority housing, 10.8% of housing association accommodation, and 21.5%...
Hometrack estimates 840,000 houses will sell this year – about half the 2007 figure – while scarcity is propping up prices
The property forecaster Hometrack has warned that 2011 could have the lowest level of housing turnover in 40 years for England and Wales, as figures showed prices dipped again in November.
Hometrack says 840,000 sales are expected this year – almost 50% lower than the figure for 2007. Its latest housing survey showed prices fell by 0.2% in November from the previous month, following another 0.2% tumble in...
The Thai real estate market will recover next year, one expert in the industry has stated.
Speaking to The Nation newspaper, chief executive of Raimon Land Hubert Viriot described the floods that have hit Bangkok recently as "a one-off event", adding that it would not affect the firm's expansion plans.
According to the publication, demand for new homes helped Raimon Land's presales climb by 23 per cent during the first nine months of this year, compared to the same period in 2010.
The company has also announced that it will embark on a...
