News

EU referendum: What a Brexit means for the residential property market in the UK

There is one thing we know about what a Brexit means should Britain vote to leave the EU in the forthcoming referendum — that there is much we don’t know. Uncertainty is dominating the debate ahead of the poll on 23 June. What does a post-EU Britain look like? How long would a formal Brexit take? And that uncertainty is filtering into the residential property market.”If we vote to stay in, it’ll be back to business relatively quickly. If we vote to leave, I don’t think anyone has quite worked out what all that means, other than more uncertainty,” said Richard Donnell, director of research and insight at Hometrack, a property analyst, to IBTimes UK.

 How Atlas Lane wants to reinvent residential property management

Founder TreverFaden was trying to find a property manager for his property on 17th Street, and was thoroughly unimpressed by the given options. There had to be a way to improve the system, Faden thought, and for a developer and serial entrepreneur, the answer had to be tech.Now, with the launch of his new company, Faden is hoping that the answer is Atlas Lane.The concept is pretty simple. There are essentially two markets in residential property management — the market managing large buildings, or groupings of large buildings, and the market managing a small number of units (think one to four).

 CapitaLand says China residential property sales growth to moderate

SINGAPORE: Developer CapitaLand Ltd said the growth rate for its China residential sales would moderate in 2016 after it doubled last year. “I am quite sure I won’t be able to double it. Doubling it would mean doing 30 billion yuan ($4.6 billion). I don’t have the inventory to do that number” said Lucas Loh, Chief Executive Officer of CapitaLand China.

 Residential property transactions climbing despite weakening economy

This is despite gross domestic product (GDP) growth remaining very low, new-vehicle sales plummeting, and an increasingly aggressive upward interest-rate cycle.Fifty percent of residential properties are located in the Western Cape and Gauteng, accounting for more than two-thirds of the total rresidential marketvalue. Sandton and Parkmore in Johannesburg, Green Point and Rondebosch in Cape Town, and Rua Vista and Monument Park in Tshwane – as well as La Lucia and Mount Edgecombe in eThekwini in KwaZulu-Natal – were among the high-value suburbs with strong capital growth last year.  Read more at  afcues.com