HOUSE prices increased at their slowest annual pace in nearly six years in January as property values tumbled in London but increased relatively strongly in UK regions including Northern Ireland, official figures show.For while England and Scotland saw a slowdown in annual house price growth, property values are rising relatively strongly in Wales and Northern Ireland, according to the report by the Office for National Statistics (ONS) and Land Registry.Average house prices in the UK increased by 1.7 per cent in the year to January 2019, down from 2.2 per cent in December and the lowest annual rate since June 2013 when it was 1.5 per cent, the report said.UK house price growth has been slowing for the past two-and-a-half years, driven mainly by a slowdown in the South and East of England.In London, house prices fell by 1.6 per cent annually, while in the East of England prices fell by 0.2 per cent over the year.In the East Midlands, prices increased by 4.4 per cent in the year to … [Read more...] about House prices up 5.5 per cent in Northern Ireland but slow down in other UK regions
Are property prices about to fall
Rising POGO demand to hike property pricesRENTAL and selling rates in the Philippine property market, particularly in Metro Manila, are likely to spike over the next few years amid an expected deficit in condominium and office spaces due to rising demand from the Philippine online gaming operations (POGO) industry, Leechiu Property Consultants (LPC) said. LPC President David Leechiu told a news briefing in Makati City on Monday that he was expecting a deficit in condominium units beginning the second semester of the year amid strong demand from property buyers, particularly from mainland Chinese employed by the local POGO business.. The demand will offset a projected supply of 33,201 units from 2019 to 2025, he said. He said this may lead to an average 10-percent jump in residential rates for this year alone.Leechiu said average take-up in condominium units stood at 7,758 per month, which means that a total of 46,548 units should be available from periods July to December alone. … [Read more...] about Rising POGO demand to hike property prices
Feb 26, 10:58 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Keith Noonan 02/26/19 AT 10:56 PM iQiyi (NASDAQ:IQ) used its recent fourth-quarter conference call and earnings documents to lay out plenty of exciting figures for investors to home in on. Sales for the period came in significantly ahead of the market's expectations, rising 55% year over year to reach $1 billion.The trajectory of big operating-loss increases continued as well, with losses for the quarter rising to $500 million. That brought the company's total net loss after its first year of public reporting as a stand-alone company to roughly $1.3 billion.The increasingly bold red ink is a doozy, even when taking iQiyi's connection to parent company and Chinese search giant Baidu (NASDAQ:BIDU) into account. And a half-billion-dollar operating loss might reasonably be expected to have driven sell-offs after earnings. Instead, … [Read more...] about Here Are 120 Million Reasons to Love iQiyi in 2019
Australian home prices are at risk of falling more than 10% in 2019, according to Citi Research. It says the downturn has been driven by tighter lending standards, less foreign buyer activity and a strong pipeline of new housing supply. Given Australia has an outsized share of residential investment relative to GDP, it says a downturn of this scale will increase the risk of negative spillover effects into other parts of the economy. Weak new car registrations and slumping building approvals suggest the downturn is already dragging on key parts of the economy. Australian home prices are at risk of falling more than 10% in 2019, the largest decline globally of all markets monitored by Citi Research. “Among the roughly 60 economies under coverage, only 11 are at significant risk of notable home price falls over the next 12 months, and only one — Australia — might experience year-on-year declines exceeding 10%,” Citi says. Citi says the downturn underway has … [Read more...] about Australia could see the biggest property price falls in the world this year
By Bloomberg Tues., Jan. 15, 2019 Central banks enter the new year under pressure from investors to rethink just how aggressive they can be hiking interest rates. A slowdown in the world economy, the trade war and skittish financial markets are forcing policy-makers including Federal Reserve Chairman Jerome Powell to express fresh caution about their scope for tightening monetary policy. The People’s Bank of China is also pledging support for its economy. That outlook marks a change from last year where a majority of central banks raised rates and the European Central Bank ceased buying assets. Of course, if economies weather the latest challenges, policy-makers may need to rethink anew. What Our Economists Say: “Heightened uncertainty about the trajectory for policy normalization and reduced divergence between the Fed and the rest are set to characterize the 2019 central bank outlook.” — Tom Orlik Here is Bloomberg Economics’ quarterly … [Read more...] about When it comes to rates, what are central banks going to do next?