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What will a post pandemic property market look like?

We look at post-Covid work habits, a return to normal in residential housing marketplaces, how the retail business is recuperating from the epidemic Economics on a Global Scale The ongoing growth of the Delta variant of Covid-19, as well as operational problems, is slowing economic expansion in major economies. Other new variants, such as the one found in South Africa, could be even more dangerous.  Parts, equipment, and labor shortages, as well as inefficient and difficult shipping, are causing concern about inflation. We assume that any increase will be temporary, and that financial institutions will not be pushed to raise

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Finance

UK’s 3 Top Holiday Destinations – Places to Keep an Eye on for Holiday Rental Purchases

London What better way to enjoy the United Kingdom if not to stay in its famed capital city – London. City slickers will find pleasure strolling the streets of the city along the River Thames. The historical enthusiast, on the other hand, will find himself marvelling at the mere sight of the Tower of London, or of the millennium-old White Tower, the Buckingham Palace, and the Natural History Museum. Architectural breakthrough is also seen in buildings such as the Parliament Buildings, the Big Ben, and Nelson’s Column, all to the amazement of an artist’s keen eye to details. Edinburgh Scotland’s

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News

Top 5 Australian cities foreign buyers are eyeing

Foreign buyers flock to Australian cities for its resilient economy and good trade relation Thanks to Australia’s resilient economy and good trade relations with other countries, it’s become a great destination for foreign investors and buyers. The country offers a wide variety of investment options in a large number of different industries. Some of the reasons why Australia is a popular choice among foreign investors include: Australia’s property market has shown consistent growth. Even during the Global Financial Crisis of 2007-2008, Australian property prices continued to increase, unlike the property prices in the UK and the USA which went down. Australia

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Science and technology’s crucial role in ‘Global Britain’

The UK is witnessing a moment of seminal change, charting a new course for its role as a global leader. While 10 Downing Street made the decision to leave the European Union, it was the pandemic that forced its citizens to snub globalisation and take a more regional approach. At the same time, the recent publication of the UK Integrated Review finds “Global Britain” in an advantageous position wherein it can reignite old relationships and strengthen new ones through one single sector—technology.  From an insider’s viewpoint, technology is seeing a phenomenal amount of changes. Among others, it is being used to connect

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News

COVID-19 and its effects on homebuying preferences in the UK

Close to the sea with a sprawling garden and a spacious garage—these are the kind of homes that UK homebuyers are currently looking for The COVID-19 situation has certainly changed the kind of properties Brits prefer, but with the easing of lockdown restrictions, former homebuying priorities seem to be making a comeback.  Rightmove, one of Britain’s top property websites, reported that Cornwall has become the most sought-after location on its portal, dethroning London from the top position. The shift in trends has also bumped Devon to third place, whereas Dorset moved all the way from the 20th to the 10th

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Finance

Asian cities dominate GFCI 29

New York, London, and Shanghai maintain the top 3 spots followed by Hong Kong, Singapore, Beijing, Tokyo, and Shenzhen The world’s financial systems are starting to stabilise with vaccines being rolled out on a daily basis and things are going back to normal. The pandemic had a significant impact on financial markets and this is reflected in the latest Global Financial Centres Index (GFCI) where Asian cities dominated the rankings. Of the top 10 financial centres, only Frankfurt’s rating improved by 12 points, while the other hubs dipped in ratings. Overall, the index scores are lower compared to 2019, but the average

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Hong Kong News

JLL: APAC commercial property transaction volumes to improve by 15-20% in 2021

The pandemic accelerated industry trends and revealed an exciting ‘opportunity in obsolescence’ in Asia’s commercial property sector As we enter the second year since the coronavirus pandemic wreaked havoc in the world, we are now starting to see some positive light. Outlook for commercial property in Asia is improving as industries stabilise and growth areas prop up demand for office spaces. Traditional sectors like finance and service were hit hard by the coronavirus pandemic, but this may not be fully attributed to the virus. Talking to Bloomberg Markets Asia, JLL APAC CEO Anthony Couse said that the pandemic only accelerated

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News

Why Penang still tops the Malaysian holiday home market

Next to Kuala Lumpur, Penang is probably the most highly urbanized island in all of Malaysia. It is home to more than 1.7 million Malaysians who enjoy high standards of living but with considerably minimal costs than that of KL. Although a haven of development, Penang still houses the charm of the old-world – breathtaking coastlines, lush greenery, nature parks, wild animals, to name a few. This is primarily the reason why both foreign nationals and locals are drawn to getting their prized properties in the region. Realty developments in Penang are mostly centred in its capital city, Georgetown. The

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Trump scrubbed out of Indonesian leisure project

The trajectory of Donald Trump’s plans to establish The Trump Organization’s presence in Indonesia has taken an unexpected turn, encountering various obstacles along the way. Overview of the Project: Originally envisioned as a sprawling Rp35tn (S$3.2bn) leisure complex, the project aimed to introduce an array of residential homes, country clubs, and leisure resorts to Southeast Asia. In collaboration with Indonesia’s MNC Group, it aspired to create “the first integrated Trump Resort and Residencies in Asia.” Initial Enthusiasm: The initial stages of the project were marked by enthusiasm, with Donald Trump Jr. gracing a pre-launch event in August 2019. The event

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News

When does the stamp duty holiday end? See how it works for second homes and buy-to-let properties

Second-home buyers and buy-to-let investors will potentially save thousands of pounds due to the stamp duty holiday. All property buyers benefit from the tax break announced by Chancellor Rishi Sunak in the summer of 2020, which was recently extended and tapered until September 2021. This means that those buying additional properties, such as a second home or as an investment, only pay the tax at a rate of three percentage points on the first £500,000 of a property’s price. Outside the holiday, these buyers would pay this surcharge on the first £125,000, after that they were charged 5pc on the

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