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Confidence in property industry at post-crisis high

Posted by: In: Real Estate 01 Apr 2014 Comments: 0 Tags: ,

Photo: WoodleyWonderWorks

53 per cent of 190 industry professionals said that business had improved this year compared to last year, expecting conditions to improve – the highest level since 2008 when the financial crisis began.

One third (34 per cent) of respondents said they expected condition remain the same, with only 13 per cent forecasting the market to get worse.

Russia is predicted to see the biggest rise in sales based on recent activity by 47 per cent of professionals, ahead of China and Hong Kong (43 per cent) and the Middle East (39 per cent). Nordic countries, the USA and Asia follow, cited by 38 per cent, 18 per cent and 13 per cent respectively.

In terms of types of property, only half (49 per cent) of Global Edge readers were still selling off-plan property, with new build developments significantly more popular (71 per cent). How influenced this is by the emphasis placed on new build property in countries such as the UK through the government’s Help to Buy scheme is unclear.

Almost two-thirds said that property portals are the most effective marketing channel, followed by estate agents (55 per cent) and email marketing (53 per cent). Social media …read more

Source: The Movechannel



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