The World Bank praised Asia's swift economic recovery from the recent global financial crisis, noting industrial production has recovered in most Asian countries like Vietnam, Indonesia, South Korea, Thailand, Philippines, Malaysia, and Singapore. The recovery has been faster than after the 1997 Asian financial crisis, putting Asia in a stronger position.
The Chinese government ordered harsh new measures to curb the property bubble in Beijing, including requiring 50% down payments for second homes and 30% down payments for first-time buyers. Commercial banks can now refuse loans to those unable to prove they have lived in the city for at least a year where they want to purchase property. However, Beijing's efforts to cool the overheated housing market have not been effective so far.
The World Bank praised Asia's swift economic recovery from the recent global financial crisis, noting industrial production has recovered in most Asian countries like Vietnam, Indonesia, South Korea, Thailand, Philippines, Malaysia, and Singapore. The recovery has been faster than after the 1997 Asian financial crisis, putting Asia in a stronger position.
The Chinese government ordered harsh new measures to curb the property bubble in Beijing, including requiring 50% down payments for second homes and 30% down payments for first-time buyers. Commercial banks can now refuse loans to those unable to prove they have lived in the city for at least a year where they want to purchase property. However, Beijing's efforts to cool the overheated housing market have not been effective so far.
1. Fernost mit größtem Zuwachs
auf globalem Immobilienparkett
Europäische Preisanstieg
Globale Immobilienpreise: Asien Spitze in 2009 Länder mit 12 Monate
größtem bis 4. Quartal
Hong Kong 27,6
Preisanstieg
China 25,1
Norwegen 11,6%
Israel 21,3
Finnland 7,8%
Australien 13,6
Schweiz 6,9%
Norwegen 11,6
Schweden 5,8%
Finnland 7,8
Österreich 5,2%
Schweiz 6,9
Groß- 3,4%
Quelle: Knight Frank
Kolumbien 6,7
Global House Price Index
britannien
Luxemburg 2,4%
10% 20% 30%
April 24, 2010
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