Sittichai Real Estate Agent
  • Home
  • About us
  • Property for sale
    • Land >
      • Beachfront 2 Rai, Jao Samran Beach
      • Beachfront 56.5 Rai, Puektian Beach
      • 3-1-50 Rai, Ratchada 36
      • 3.5 Rai, Lasalle
      • 4 Rai, Buddhabucha 39
      • 7 Rai, Prachauthit
      • 8.5 Rai, Buddhabucha 39
      • 38 Rai, Pathumthani
      • 102 sq.w. Prachauthit 79
      • 223 sq.w. Buddhabucha 39
      • 200 sq.w. Sukhumvit 70/3
    • House >
      • 2 flr. 31sq.w. Lad Proa 71
      • 2 flr. 64 sq.w. Chalearmprakiatlor 9
      • Villa 223 sq.w. Phetchaburi
      • Villa 3-1-50 Rai, Chiang Mai
    • Townhouse >
      • Ratchada Arkadian 29.9 sq.w. Kanjanapisek
      • Bangkok Green Park 36 sq.w. Jaroennakorn
    • Condominium >
      • The Bangkok Narathiwat 75 sq.m. 2 bedroom, Narathiwat Ratchanakarin
      • Baan Nubkluen 62.11 sq.m. Hua Hin
      • Lang Suan Ville 191.72 sq.m. 3 bedroom near BTS Chidlom
      • Liberty Park 252.99 sq.m. 3 bedroom Sukhumwitt 23
      • Prestige Towers 254 sq.m. 3 bedroom Sukhumwitt 23
    • Home Office >
      • 2 Unit 3 flr. 32 sq.w. Sukhumvit 70/3
      • 2 Unit 4 flr. 34 sq.w. Sukhumvit 48
    • Office Building >
      • 5 flr. 576 sq.m. Ratchada 26
    • Factory >
      • 5,936 sq.m. 12 Rai Samutprakarn
    • All
  • Property News
  • Real Estate Tips
  • Contact
085-255-5565

Value of prime property in world’s key cities depreciating

5/16/2012

Comments

 
Picture
The Knight Frank Cities Index recorded its first quarterly fall since 2009, with the average value of prime property in the world’s key cities depreciating by 0.4 per cent in Q1 2012.  This is the property index’s first quarterly fall since the depths of the global recession.

According to the Dubai Chronicle the index’s negative quarterly growth is not surprising. Quarterly price growth has been below 2 per cent since Q1 2010 and it averaged only  0.6 per cent in 2011.



The Eurozone’s debt issue remained at the forefront of the global economic agenda, several critical elections were on the horizon, and Asia’s highly effective cooling measures showed no sign of being relaxed.

Four prime property markets achieved double-digit growth over a 12-month period despite the overall index’s sluggish performance. They were Nairobi, Jakarta, Miami, and London.

Singapore and London shrugged off the introduction of new stamp duties in the first quarter of 2012 and London increased both it’s prices and applicant numbers.

The new 10 per cent stamp duty for foreign property buyers dented demand in Singapore but not prices according to Nicholas Holt, Knight Frank’s Asia-Pacifi research director.

“Prices not only held up, but actually increased slightly at the very top end of the Singapore market in Q1 2012,” said Holt. “This was not only due to fairly resilient domestic demand, but also due to wealthy Chinese, Indonesian, and Indiana buyers who continued to buy in this segment of the market undeterred by the surtax.”

The overall index in expected to remain subdued in 2012, fluctuating between marginal price falls and rises.

Comments
    Picture

    Author

    ข่าวสาร สาระน่ารู้ ที่น่าติดตามของตลาดอสังหาริมทรัพย์ไทย

    ติดตาม @ThaiRealtyNews
    Click to Hot Line
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    ติดตาม @ThaiRealtyNews

    RSS Feed

    • Home
    • About us
    • Property for Sale
    • Property News
    • Real Estate Tips
    • Contact
Powered by Create your own unique website with customizable templates.