Long a solid performer, the Malaysia property market has avoided the speculative booms and busts of some regional markets such as Singapore. This is at least partly due to the conservative policies adopted by the central bank and government which seeks to reduce high-risk lending. Major developments in the Klang Valley (KV) and Iskandar Malaysia are...
In the past several years, government investment in key areas and public works have helped propel growth in the Algerian economy, which grew by 2.6% in 2011. Major projects in the industry contributed 10% to annual GDP in 2009-11. Projecting an estimated value of $21.7bn in 2012, the industry will continue to be a primary driver of growth for...
The housing shortage in Algeria has posed a key challenge to the authority of the government, igniting protests in cities across the country and highlighting stark disparities. Despite steady GDP growth, an increasing number of Algerians lack access to affordable housing, while many are left to take their chances in the informal housing sector. High...
Following the global economic downturn in 2008, Algeria’s real estate market suffered a slowdown, incurring the loss of some key investors and the postponement of various projects. Nevertheless, sector developments remain largely positive, driven by significant government and private sector investments to increase housing availability and realise...
The construction boom being fuelled by a number of massive infrastructure and real estate projects across the GCC region is driving up the cost of construction and exposing several bottlenecks in regional supply chains. Qatar is particularly vulnerable to these costs as it seeks to develop billions of dollars worth of projects in time for the FIFA...
The slow construction market may have frustrated contractors, but it has provided plenty of opportunities for developers – both public and private – to build at a discount. Construction costs have come down considerably from the peak of 2008, when basic material prices were significantly distorted by an overheating market. However, while such prices...
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