Luxury property prices slow growth of world

Luxury property prices slow growth of world

The volume of real estate investment world growth

The world has about 330 million residents living in sub-standard housing

Prime Global Cities Index Report by Knight Frank shows that, in the last quarter, the price of real estate (real estate) in 33 luxurious city in the world increased by only 0.2%, the market at this stage is considered to be not very flourishes.

luxury real estate

Currently, the world's luxury property is slowing

In the first 6 months of 2014, in Jakarta, capital of Indonesia has the highest growth index was 2.5%, but from July to September, the luxury real estate market grew only 1.2%.

According to the credit rating by Moody's Investor Service, during this period, the growth rate slowed in Indonesia as a result of the presidential election, prompting customers to psychological fears not want to invest in market .

As well as the capital of Indonesia, the luxury property market in the UK is affected by the upcoming election and discussion to make tax policy mansion Mansion Tax, Tax on Capital Gains Tax capital surplus is expected to be effect on 4/2015. Here, luxury property prices rose an average of 1% over the previous quarter. Markets such as Bangkok, Mumbai has a similar growth rate. Compared to the same period last year, luxury property in London has increased by 7.4%.

In Seoul, the luxury segment, are at the lowest growth rate in 2013, but the market is showing signs of improving growth reaching 4.1% from July to November this year.

Third quarter coinciding with the Islamic holy month of Ramada Dubai property market should also grow quite bleak. However, here the market has returned to growth thanks to central bank support package provides mortgage ceiling is 1.36 million.