HONG KONG, April 9 /PRNewswire-Asia/ -- The latest numbers coming from the property sector continue to show strong expansion. Having risen 36% during 2009, new construction in value terms was running 29% higher in the year to February 2010 than during the same month in the previous year.
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UK commercial property yields continue to drop
The initial yield on All Property has dropped from 7.9% to 6.8%. The office sector has seen the sharpest compression of yields but that partly reflects the scale of the earlier sell-off. The fall in retail yields has been a little more modest having moved out less initially while the industrial sector has been lagging the cycle.
Canadian house prices to edge closer to all time high
The January numbers showed the first year on year increase in national house prices since December 2008 and left the headline index just 1.3% away from the all-time high.
German house price outlook is brighter but scope for big rises is limited
The relative undersupply of homes and improving labour market picture are likely to provide some support for house prices. However, a cautionary note: any eventual feed through on house prices from the labour market to the housing market during 2010 is likely to be mitigated to some degree by
Germany's low rate of homeownership.
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