China and India’s Property Market Booms

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. 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 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.

For more information visit Damac Property at: www.damacproperty.com or contact: Jasmine Hayak – 0870 634365.
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DP – Damac Property is a property financial consulting firm and a advisor on property strategy. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses by making the right decisions.

Our customized approach ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting investment results. We seek to be agents of change—for our clients, our people, and society broadly.

Company Name: Damac Property
Address: 32 Garsington Road
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OX4 2LG
United Kingdom

Contact: Jennifer Hayak
0870 0634365
URL http://www.damacproperty.com

This release was published on openPR.