A year of strong economic growth and high foreign direct investment (FDI) in the Philippines has set the scene for a wave of new real estate activity during 2014.
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Economic update | Egypt to lift home ownership rates
26 Feb 2014
With up to as many as 16m Egyptians estimated to lack adequate housing, the government in Egypt has taken steps to ease access to home loans for low-income groups, while at the same time looking at options for spurring private sector developers to build low-cost residential units.
Chapter | Construction & Real Estate from The Report: Myanmar 2014
Myanmar is being hailed as the next Vietnam, which kicked off a multi-decade construction boom when it opened up to the world in the 1990s. With much of Myanmar’s housing stock in poor shape and cities expected to grow rapidly, demand for middle-class urban apartments will be a powerful driver of growth. And with the country’s limited domestic capacity and wide range of construction needs, there...
Faced with rising power consumption and a grid under pressure, Dubai is stepping up its efforts to improve energy efficiency, while boosting the role played by renewable resources in meeting demand. Long term, a broad range of initiatives, supported by a new regulatory framework announced last year, should help bring energy costs under control.
The emirate posted robust economic expansion across all sectors in 2013, and its resilience in the years following the global economic downturn has helped to re-build confidence among the global business community. Dubai has set itself the target of reaching 20m visitors per year by 2020 and the emirate received a major boost to this end when it won the right to host World Expo 2020 in November 2013.
Recent regulatory changes are giving an added boost to Abu Dhabi’s real estate market, which appears on track to a recovery. While there has been some speculation that the new rules could help fuel a property bubble, these concerns are likely unfounded given the recent pickup in the rate of handovers.