of Eleni Botas Rental prices have soared, which in many cases are 20% to 25% higher than the average mortgage installment. This is the reason why, according to market experts, many, while looking to rent a house, are considering buying a home. According to Engel & Volkers executives, in the last two years those who […]
Tag: Real Estate Market
Real estate giant Evergrande avoids another default
Evergrande, China’s indebted real estate giant, has once again avoided a formal default after a bondholder said the company made an interest payment of $ 148 million on Wednesday, meeting the payment deadline. Key Comments (via the NY Times) “Evergrande owed investors interest payments totaling nearly $ 150 million on three bonds, with grace periods […]
Last chance for the undeclared squares
By Prokopis Hatzinikolaou The electronic gates of the platform of undeclared squares open tomorrow, through which property owners will have another opportunity to declare to the Municipalities the “forgotten” squares or to correct errors and omissions in the data of the properties. Those who make changes to the platform by declaring their real square footage […]
Evergrande concerns resurface after China’s request to billionaire founder Hui Ka Yan to pay off debt
The renewed concerns around the Evergrande Group of China They are weakening investor confidence once again, especially after Chinese regulators asked billionaire Hui Ka Yan to use his personal wealth to ease the property giant’s growing debt crisis, Bloomberg reports. Key details The Beijing directive to Evergrande’s founder came after his company missed the initial […]
The house price index increases 1% in August compared to the 1.3% expected
The US FHFA House Price Index rose less than expected in August. The US Dollar Index continues to move sideways below 94.00. The House Price Index published by the United States Federal Housing Finance Agency (FHFA) it reached + 1% in August after a 1.4% increase in July. This reading disappointed the market’s expectation of […]
Evergrande’s risk to China is contained for now – Hedge Berger
Commenting on the emerging risks of China’s indebted real estate sector, Hedge Berger, Head of the International Monetary Fund’s China Mission and Deputy Director of the Asia-Pacific Department, said that “Evergrande’s risk to China is contained for now“. Featured statements: China is accumulating downside risks. The China’s government has the tools to contain risks. Deleveraging […]
China may ‘contain’ Evergrande risk – Yi Gang
Chinese authorities are able to contain the risks that could arise from China’s troubled Evergrande Group in the country’s financial system, the Chinese governor said on Sunday. People’s Bank of China (PBOC), Yi Gang, in a virtual meeting of the Group of 30. Featured statements The property developer problem “generates a bit of concern.” “Overall, […]
Evergrande’s risks to the financial system are controllable
Finally, the People’s Bank of China (PBOC) has issued a statement on persistent concerns surrounding the indebted Evergrande Group chino. Featured statements “The PBOC urges developers and shareholders to meet debt obligations.” “China asks banks to maintain stable and orderly loans to real estate.” “Monetary policy will be flexible, specific and appropriate.” “We will keep […]
PBoC promises a “healthy” real estate market
The People’s Bank of China (PBoC) will seek to safeguard the healthy development of the real estate market and protect the legal rights of home buyersBloomberg reports in a key noteworthy report from the central bank’s quarterly meeting on Friday. Additional comments “Intensify efforts to coordinate monetary, fiscal and industrial policies and regulations to support […]
Chinese real estate sector risks falling into bear market – Citibank
Home prices in China are at risk of a “significant decline” regardless of what happens to Evergrande Group, Bloomberg reports citing analysts at Citigroup. Featured Comments “It seems clear that even in an orderly restructuring, China’s real estate sector likely to face downward pressure.” “While authorities try to limit lower prices of real estate due […]