Real Estate

Sustained foreign direct investment has been flowing into Papua New Guinea’s (PNG’s) real estate sector ever since the $15.7bn ExxonMobil-led liquefied natural gas (LNG) project was announced. In just five years, development within the sector has surpassed total development of the past 15 years, transforming the once peripheral real estate market into one of the region’s best-performing sectors. However, growth has come at a cost.

A surge in bank lending to the Philippines’ real estate sector is indicative of the market’s potential in a favourable environment of low interest rates and strong economic growth. The central bank is keeping a watchful eye on the market, and may move to tighten regulations if it feels an asset bubble is forming. However, real demand seems strong enough to maintain momentum despite an increase in speculation.

The value of real estate transactions in the sultanate increased by nearly 60% year-on-year in the first five months of 2012, hitting $2.1bn in that period, with the market displaying significant demand for industry- and logistics-related facilities as well as luxury residences.

Reforms to property laws, years of solid economic growth and political stability have combined to produce a real estate boom in Turkey. Buoyed by growing investor interest, which is particularly high in top-end developments, property prices in Turkey are rising rapidly, with luxury flats in Istanbul estimated to have more than doubled in value during the past eight years, surpassing $4500 per sq metre.

Son muchos los factores que han contribuido al crecimiento de los préstamos hipotecarios y a su accesibilidad en México. Entre ellos se encuentran la creciente demanda de bienes raíces con fines residenciales, el aumento general del salario y el descenso en las tasas de interés de las hipotecas.

Increased cooperation between major banks and real estate agencies in new developments and mortgage products has raised the prospects of Brunei Darussalam meeting its housing goals while keeping credit levels in check. However, limited land availability continues to threaten growth in the residential sector.