The greatest impact of higher rates has not been on costs in the residential market buton transaction volumes. For example, in the London market up to now 12 months, transactions have been down about 10 per cent in central London, and in the UK as a whole, transactions have been down 27 per cent yr on 12 months. But I suppose as rates come down in the second half of this 12 months Real Estate News, hopefully, you’ll see more confidence from owners to convey properties again to the market, and you want to see an increase in liquidity. We expect to see sales volumes begin to develop by the second half of the yr. Overall inflation has been easing, though “shelter inflation” continues to rise. The newest reading of the Consumer Price Index showed that inflation decreased to three.1% in November.
- These legal challenges add one other layer of complications, affecting transaction processes and business requirements.
- Asia Pacific Investment Quarterly for Q3/2023 covers all major funding transactions of 18 cities in 15 nations across the region.
- As a journalist, he has extensively lined business and tech news in the us and Asia.
- And then decides to keep it amid discuss his parents may transfer in as a substitute, since the family’s properties close by are up for sale.