Hong Kong Property Deals Hit Three-Year High in April
Real estate transactions registered in Hong Kong nearly doubled in April, hitting a three-year high, just months after the government took steps to revive the market.
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Real estate transactions registered in Hong Kong nearly doubled in April, hitting a three-year high, just months after the government took steps to revive the market.
It was a move that rattled the commercial mortgage-backed securities market: the firm brought in to wind down a deal tied to an ill-fated apartment venture held onto more than $160 million that bondholders were expecting to get back.
Wall Street analysts see a double-digit upside potential for the S&P 500’s biggest losers this year: real estate stocks.
Todd Boehly’s Eldridge Industries formed a venture with AECOM Capital executives to bet on US commercial real estate.
The Federal Reserve’s slowed path toward cutting interest rates offers an extended chance to lock in attractive yields for longer and investors should “right-size” their allocation to bonds over stocks, according to Vanguard Group Inc.
Mar 5, 2021
BNN Bloomberg
,Almost one-in-three Ontarians who’ve bought a home during the pandemic said they purchased a property in a place they wouldn’t have considered before COVID-19, according to a new survey released by real estate website Zoocasa.
Out of those buyers, 70 per cent said the home was further away than what they previously were looking for, while 53 per cent said the property was in a location that was in smaller population than what they would’ve preferred before the pandemic.
The survey, which was released Thursday, highlights how the rise in remote working triggered by the pandemic is changing homebuyer preferences, as Canadians living nearby major metropolitan cities continue to flock to the suburbs in record numbers.
Fifty-three per cent of buyers polled said the price of the home was the main reason behind their purchase, while seventy-three per cent said they intend to keep their property even after the impact of COVID-19 subsides.
Out of respondents still looking to buy, however, half said their plans to purchase a home have been set back due to the pandemic. Seventy-eight per cent of people polled said they believe COVID-19 has caused prices in suburban areas and smaller towns to rise at an unsustainable rate.
Eighty-two per cent of aspiring buyers said low interest rates have played a role in increasing home prices.
Zoocasa’s findings are based on an online survey conducted on February and which polled 2,307 Ontarians.