Bank of Korea Economic Outlook Report: 2024 Forecast and Analysis

Bank of Korea Economic Outlook Report: 2024 Forecast and Analysis

[딜사이트 김진욱 기자] The Bank of Korea forecast Korea’s economic growth rate to be 2.1% next year. The Bank of Korea predicted Korea’s economic growth rate at 2.1% in 2024 through an economic outlook report released last November. This is a 0.1 percentage point decrease from the 2.2% forecast in July. The Bank of Korea … Read more

Construction Sector Growth Falters: ING Research Predicts 2.5% Shrinkage in 2024

Construction Sector Growth Falters: ING Research Predicts 2.5% Shrinkage in 2024

29 dec 2023 om 05:08 While construction will have shown a growth of 3 percent in 2023, the sector will shrink by 2.5 percent in 2024. According to ING Research, fewer building permits are being issued remains the biggest problem. Approximately 56,000 building permits were issued in 2023, which is 13 percent less than in … Read more

Expert predicts housing market reawakening as mortgage rates fall below 5%

Expert predicts housing market reawakening as mortgage rates fall below 5%

House prices have reached a new all-time high and mortgage rates have started to fall – but that won’t yet be enough to revive the property market, according to an expert. Even as borrowing costs fall, keeping home buyers away, the “lock-in effect” of homeowners reluctant to sell and give up their current 3% or … Read more

Taiwan Housing Market Predicted to See New Wave of Growth After Fed Interest Rate Cut Announcement

Taiwan Housing Market Predicted to See New Wave of Growth After Fed Interest Rate Cut Announcement

Reporter Chen Weifan/Reporting from Taipei ▲Zhang Dingxuan said that judging from the international financial situation, housing prices are very likely to usher in a new wave of growth next year. (Picture/Photography by reporter Chen Weifan) After the U.S. Federal Reserve (Fed) announces the possibility of interest rate cuts, what impact will it have on Taiwan’s … Read more

Home Prices Rise for Sixth Consecutive Month, Average Price Now 421,284 Euros in November: CBS and Land Registry Data

Home Prices Rise for Sixth Consecutive Month, Average Price Now 421,284 Euros in November: CBS and Land Registry Data

22 dec 2023 om 06:21 Houses for sale became more expensive again in November. It is already the sixth month in a row that the average price of an owner-occupied home is higher than the month before. This is evident from figures from statistics agency CBS and the Land Registry. In November, buyers paid an … Read more

Study Shows Increase in Young Adult Women and Men Living at Home Over Last Two Decades

Study Shows Increase in Young Adult Women and Men Living at Home Over Last Two Decades

20 dec 2023 om 00:01 The number of young adult women who continue to live at home has increased from 31 percent to 40 percent over the past twenty years. Young men and working people in their twenties are also increasingly less likely to live on their own. Traditionally, men live at home longer than … Read more

Utrecht’s Ban on Investors Buying Rental Houses Shows Desired Effect: More Affordable Homes for Residents

Utrecht’s Ban on Investors Buying Rental Houses Shows Desired Effect: More Affordable Homes for Residents

NOS NOS Nieuws•vandaag, 01:45 The municipality of Utrecht states that a ban on investors buying rental houses has the desired effect. It appears that the purchase protection allows more people to find a home from an analysis by the Land Registry. While in 2018 13 percent of all houses sold went to a landlord, this … Read more

Private Sector Landlords Permitted to Increase Rents by 5.5% Next Year: Ministry of the Interior Report

Private Sector Landlords Permitted to Increase Rents by 5.5% Next Year: Ministry of the Interior Report

Dec 15, 2023 at 3:00 PM Update: 4 minutes ago Landlords of homes in the private sector may increase their rents by a maximum of 5.5 percent next year. The Ministry of the Interior reported this on Friday. In September an increase of 4.9 percent was expected. The ministry determines the percentage by looking at … Read more

ANP: UN Special Rapporteur to Assess Housing Situation in the Netherlands

ANP: UN Special Rapporteur to Assess Housing Situation in the Netherlands

ANPModular homes under construction in Zaandam NOS Nieuws•vandaag, 21:02 The UN Special Rapporteur on adequate housing, Balakrishnan Rajagopal, will pay an official visit to the Netherlands from Monday. The rapporteur will, among other things, look at asylum seeker centers. He “will conduct research into the availability of housing, its affordability and accessibility, homelessness and what … Read more

To protect the country?Taiwan’s real estate market is healthy and has escaped the storm amid the global wave of bankruptcies among builders

To protect the country?Taiwan’s real estate market is healthy and has escaped the storm amid the global wave of bankruptcies among builders

Finance Center/Reported by Tang Shiqing and Yan Kai in Taipei Signal, the Austrian real estate giant, declared bankruptcy, shocking Europe. In recent years, due to the surge in raw materials and rising interest rates, real estate prices in many countries have fallen, and the wave of bankruptcies among builders has continued to spread. For example, … Read more