Real Estate

[New] The EY ITEM Club suspects that the UK housing market will come under increasing pressure over the final months of 2020 and start of 2021 when there is likely to be a significant rise in unemployment.
[New] Although the revival in housing activity is expected to continue with volumes in 2021 forecast to be 18 pc above the level seen in 2019, the growth in UK property sales next year will not compensate fully for the losses this year.
Potential investors across the MENA region have voiced their views on the real estate sector's outlook for the remainder of 2020, with respondents hopeful that residential prices will begin to fall in H2 2020.
More than 300 projects in England will receive a share of the £900m Getting Building Fund, which was announced by prime minister Boris Johnson in June to invest in shovel-ready housing and infrastructure projects.
Major investments will continue to be made in health, education, housing and social programmes to address New Zealand's long-term challenges.
There is strong demand in the domestic market for timber as house builds get back on track, but we fear there will be an easing in the local housing market later in the year as the labour market weakens.
There is clear recognition that the real estate and UK construction market, one of the largest producers of CO2 in the UK, has a major challenge ahead in order to reach carbon zero by 2050 - and building in timber, due to its embodied carbon, has to play a huge role in reaching that target.
As the S&P 500 approaches fresh highs, some investors hope to pick up bargains in the battered U.S. real estate sector, where values of some major stocks have been cut in half in 2020.
The shift toward remote work and business impacts of the COVID-19 crisis are expected to put downward pressure on demand for commercial real estate, which will slow nonresidential construction activity through the remainder of the year.
Packaged Facts projects reptile products will grow from $495 million in 2019 to between $550 million and $650 million by 2024, depending on the depth and duration of coronavirus pandemic-triggered impacts on household finances and housing situations.
There are some 60 billion square metres of building facade surface in Europe - prime real estate for achieving Europe's goal of an energy-neutral built environment in 2050.
Retailers will need an additional one billion square feet of industrial real estate by 2025 as the need for warehouse space grows along with online sales.
The UK Government has been urged to implement a Home Improvement Plan to facilitate more than £5bn in annual spending to improve the energy efficiency of the UK's housing stock to contribute to the net-zero target for 2050.
Housing saw a 1% cut in interest rates that apply to lending for social housing and there's to be £1.1bn from the Housing Infrastructure Fund to build 70,000 new homes, £650m to help rough sleepers with 6000 new places, and a new stamp duty surcharge of 2% on non UK residents from 2021.
The Bank of Canada may hold off until later in the year, fearing a rate cut now could heat up the housing market to a dangerous point.
Coronavirus distress is the opportunity of the century for real estate investors, with one data source showing private real estate funds standing by with $142 billion in cash ready to snap up distressed properties.
As US economies reopen, the residential housing market is expected to improve and remain relatively stable as tight inventories and low mortgage rates are expected to support the market in spite of economic uncertainty.
U.S. home sales probably will fall next year as Baby Boomers gridlock the housing market by aging in place.
US housing demand started the year strong, interest rates are expected to stay at low levels for the foreseeable future, and home prices have held stable over the past four quarters.
Increasing emphasis of green buildings, coupled with the rapid development of the real estate market in India, is projected to provide vast growth potential for coated glass.
Lower interest rates will throw more fuel onto the fire that is Canada's housing market, leading to a strong increase in resale home prices and residential investment this year.
Around the U.S., the average price of farm real estate has more than doubled: Over the next five years, almost 100 million acres of farmland will change hands, and that at least some of it will go towards non-agricultural uses.

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Last updated: 19 September 2020