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Damac Property Publishes Global Property Trends Report - The planet is indeed undergoing a very hard economic period. The slowed global economic recovery not to mention the continued debt crisis has totally transformed the entire property development market all be it to the worse - DamacProperty.com
Damac Property Publishes Global Property Trends Report

 

PRZOOM - /newswire/ - Oxford, United Kingdom, 2011/05/12 - The planet is indeed undergoing a very hard economic period. The slowed global economic recovery not to mention the continued debt crisis has totally transformed the entire property development market all be it to the worse - DamacProperty.com.

   
 
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It fair to say that current property development status is very different from previous ones.
With the world emerging economies such as china, Brazil and India taking their global share of the cake in terms of property development, many countries especially in the west and North America are slowing their ride. The economic boom in china fueled by rampant export manufacturing has by many accounts raised the living standards considerably. This has further sparked the need for houses of the billions of people in the country which has consequently boomed and revolutionized the property development industry in the country. The same has been repeated in china’s main competitors; Brazil and India.
According to a property report realized by a global property consulting company the domestic demand for houses in China rose by an amazing 34% within a period of less than 5 years. The property development in the entire Asian region also rose by 38% with china and India taking most of the shares. The booming industry has been sparked by;

Rapid growth of the Asian economies and financial institutions many of which are offering financial aid to people willing to buy houses.

The rapid rise in living standards among the citizens of these countries something associated with the booming economy.
A good and sound housing policy created by these countries.

As for countries in Africa property development has also witnessed a significant increase but not as that in Asia. Leading property development companies predict that with the current steady growth of the African economy things might get better in a few years time.

Europe and North America has indeed been the exact opposite of Asia, South America and Africa. Reports have indicated a sharp drop in property development in Europe with numerous property development companies shutting its doors due to bankruptcy. Leading economist is Europe have predicted even harder times in the coming future unless the economic situation in Europe changes rather urgently. The slow on Europe’s property growth has been caused by;

• A raging debt crisis for European governments;
• Public sector cuts in spending that have rendered many jobless;
• Rising unemployment rates;
• Slowed economic recovery in North America and Europe although some European countries such as Germany have registered tremendous progress recording an annual growth last year of 2.4%.

Damac Property (damacproperty.com) is a leading property consultancy firm. The organization has vast experience in managing global property portfolios. It is also worth noting that the vast people related to this release are property investors, clients and even governments.

As a concluding remark Damac Property would like to call for renewed efforts in changing the current economic situation in Europe and North America, this will guarantee the future of property development and housing.

Follow Damac Property on Facebook: facebook.com/pages/Damac-Property/127848680627062

 
 
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Damac Property Publishes Global Property Trends Report

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Contact: Jennifer Hayak - DamacProperty.com 
+44(0)87 0063 4365 press[.]damacproperty.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Damac Property securities in any jurisdiction including any other companies listed or named in this release.

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