The new PRS report by Rosa Uriol and the Research team in Madrid highlights the extent to which housing tenure in Spain is shifting away from home ownership and towards renting. The transformation of the jobs market, young people’s consumption habits and the difficulty of finding finance has put the PRS sector firmly on the…

A new blog post by the Asia Pacific team highlights the extent to which house price growth varies across Chinese cities. In May, prices in Tier 3 cities rose the most, up 0.8% month-on-month, followed by Tier 2 (0.6%) and finally Tier 1 (0.3%). While the government has stayed firm on general housing policy controls,…

Indonesia relaxes luxury residential purchase policies 1. 20% luxury purchase levy applied to homes worth IDR30bn, was IDR20bn for houses and IDR10bn for condos previously. 2. Income tax on luxury sales for homes worth IDR30bn or more reduced to 1%, was 5% previously. Our thoughts: While the luxury sector accounts for 10% of the residential…

It may seem like the wrong time of year to be talking Alpine retreats but an article in this weekend’s Financial Times highlights a new source of property demand in the Alps – trail runners. With ultra-marathons a regular summer event in resorts such as Chamonix (The Mont Blanc Marathon and the Ultra Trail du…