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Office Brief May 2023
"Net absorption in Q1 fell into negative territoryRents continue to nudge up even as vacancy rises."
Tagged Articles
"Net absorption in Q1 fell into negative territoryRents continue to nudge up even as vacancy rises."
"Savills expects uncertainty about the ECB's interest rate outlook and the impact of regulation on investment and development markets to be the biggest influences on Dutch real estate investment volumes in 2023."
"Higher mortgage rates will have different impacts in different parts of the market."
"We map the country's top spots for £1m homes."
"Chongqing’s GDP reached RMB2,083 billion in the first three quarters of 2022, a 3.1% increase YoY. The growth value of the tertiary industry reached RMB1,109 billion, up 2.5 ppts YoY. The investment market remained stable from 2021 to 2022, with seven bulk transactions recorded."
"2022 witnessed the relaxation of COVID-19 restrictions and the reopening of various economic sectors as Malaysia transitioned to the endemic phase. As a result, the Gross Domestic Product (GDP) in Q3/2022 recorded a significant YoY growth of 14.2% to RM383.8 billion, an increase of RM47.6 billion from Q3/2021. "
"According to the United Nations Environment Programme in 2020, global building operations accounted for about 31% of total energy consumption. As a result, measures have been taken worldwide to reduce total emissions via the implementation of policies on eco-friendly construction and energy efficiency of existing buildings, and Korea has also made efforts to keep pace with the global trend."
"As core inflation rose to 5.9% in October from 4.5% in September, the Philippine economy beat consensus forecasts after increasing by 7.6% in Q3/2022. Household consumption continued to support the economy after growing by 8.0% despite inflation eating into household incomes. The strong OFW remittance inflows and expanding IT-BPM sector are projected to maintain their respective growth trajectories amidst a slowing global economy. "
"The figures show that Malaysia has taken top spot in terms of the number of tourist visitors to Thailand this year, beating the prepandemic conqueror, China. The Baht has suffered as a result of the Fed’s aggressive posture on interest rates, as well as demand for safe-haven currencies. Rising interest rates and tourism income should help the Baht gain momentum towards the end of 2022 and into 2023. "
"Several factors, such as the uncertainties surrounding the global economy, high inflation levels, the invasion of Ukraine by Russia, and the slowing demand for consumer electronics have inevitably had a negative impact on Taiwan’s economy. The Directorate General of Budget, Accounting, and Statistics (DGBAS) has revised Taiwan’s GDP projections for 2022 and 2023 to 3.76% and 3.05%, respectively."