RICS Global RE Weekly: Chinese Data Pointing to Ongoing Recovery

Jan 08, 2010, 06:18 ET from Royal Institution of Chartered Surveyors

HONG KONG, Jan. 8 /PRNewswire-Asia/ -- On Monday 11th, December readings for fixed asset investment, inflation, retail sales and industrial production are released. RICS expect the numbers will confirm that the economy continues to gain momentum with further improvements across the board.

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Australian housing finance set to rise again in November

A further update on the state of the Australian residential property market will be provided by the release of housing finance data for November on Tuesday 12th.

Rebound in Canadian home prices and construction to continue

In November, housing starts climbed to their best level for the year providing further evidence that the residential construction sector is now clearly on the mend. Indeed the December data could see the seasonally adjusted annualized number of starts climb back above 160,000 for the first time since the tail end of 2008.

Brighter outlook for German housing market

The stability of German house prices since the financial crises is due, in part, to the following factors. First, mortgage lending has been stable. Second, there was no building boom. Finally, government emergency measures to support the economy i.e. the short time workers scheme.

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SOURCE Royal Institution of Chartered Surveyors