Brazil property investors celebrate bumper year
Brazil was the standout success in the Knight Frank global house price index with more than double the increase experienced by the second-fastest growing country, Estonia. Property investors in Brazil had a fiesta last year as house prices jumped by 26.3%, while buyers in Ireland watched prices slump by a further 16.7%. Brazil was the standout success in the Knight …
Read MoreCanada’s economy poised for another year of solid growth in 2012
The RBC Economic Outlook issued early today predicts Canada’s real gross domestic product to increase by 2.6 per cent in both 2012 and 2013. It says burgeoning signs of strength in the U.S. economy, low interest rates, solid corporate balance sheets and elevated commodity prices are setting the stage for continued expansion. The pace of consumer spending eased to 2.2 …
Read MoreCanada prices continue to climb
House prices in Canada continue to grow with the Canadian Real Estate Association predicting that home values could be up by as 9.3% in 2011. This would follow significant price increases in 2009 and 2010. And, according to the National Bank of Canada – Teranet, prices in H1 2011 were up by nearly 5% in its National House Price Index. …
Read MoreCanadian home sales expected to grow this year
The number of Canadian homes sold this year will outpace 2011 while prices will hold steady in most parts of the country, the country’s largest real estate association said Monday in a rosy revision to its 2012 outlook. The Canadian Real Estate Association said the number of home sales with grow by 0.3 percent this year to 458,800 from 457,305 …
Read MoreHalifax property sales soar
According to a Colliers International report, the commercial sales volume in 2011 in Halifax was $299 million, and private-equity sales volume was $11.8 million, more than three times the amount transacted in 2010. The most sought-after assets were multi-family building, representing one-third of all sales volume, followed by industrial and then retail properties. Especially prolific were real estate investment trusts …
Read MoreBrazil’s economy overtakes the UK
Brazil’s finance minister said that it has become the sixth largest economy in the world, surpassing the United Kingdom, despite a slowdown in its economic growth. According to the BBC, the National Institute of Economic and Social Research and the Centre for Economics and Business Research confirmed that Brazil’s economy had overtaken the United Kingdom, standing at $2.52 trillion, compared …
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