Berlin home rents rise at slower pace in 2011 and 2012

A residential housing apartment block located in the Mitte district of Berlin. Berlin rents rose 3.1 per cent a year in 2011 and 2012. Photo: Bloomberg

The Berlin Mietspiege index, published last week by the Berlin Department for Urban Development, shows an average annual rise of 4 per cent for 2009 and 2010. Analysts expected an increase of 2 per cent to 4 per cent a year based on estimates compiled by Berlin landlords GSW Immobilien and Deutsche Wohnen, said Thomas Rothaeusler, an analyst at Commerzbank.

Wednesday, 29 May, 2013, 3:21am

Hong Kong home rents fall as owners cancel sale plans amid falling prices

Rents in Lohas Park dropped by up to 20 per cent last month. Photo: Dickson Lee

In the Lohas Park development in Tseung Kwan O, rents dropped by up to 20 per cent last month, taking rates back to the same level as early last year, according to Alvin Ma, a senior district manager at Midland Realty's branch in Tseung Kwan O.

15 May 2013 - 3:06am 3 comments

German cities plan tighter rent laws

German states are looking at a cap on rent hikes. Photo: Bloomberg

State governments that oversee housing rules in Hamburg, Berlin, Munich and other cities planned to make it illegal to raise rents by more than 15 per cent in three years, according to government officials.

24 Apr 2013 - 5:20am

Goodman to raise rents in Japan as land, building costs jump

Prices of land sites used for distribution centres and the cost of construction, which has increased as much as 20 per cent, are making development more expensive. Photo: Bloomberg

Prices of land sites used for distribution centres and the cost of construction, which has increased as much as 20 per cent, are making development more expensive, said Paul McGarry, chief executive officer of Goodman Japan. Even as demand for modern warehouses and investor interest remain strong, the supply of such facilities will be limited, he said.

24 Apr 2013 - 5:20am

Manhattan apartment rents rise sharply, close on record

Manhattan rents close to hitting new high

The median monthly rent climbed 6.7 per cent from a year earlier to US$3,195, according to a report last week by appraiser Miller Samuel and brokerage Douglas Elliman Real Estate. The number of new leases signed was up 10 per cent year on year at 3,697.

17 Apr 2013 - 5:31am

Fall in rents won't last long, agents say

Sha Tin Centre

Upward pressure on Hong Kong home rents has eased as a growing number of flat owners shelve plans to sell and opt to let their apartments instead.

27 Mar 2013 - 5:44am

Unintended consequence of property price curbs: more stock market speculation

Amid policy tigtening, some Hong Kong property investors have chosen to leave the market for a while. Photo: AP

The Hong Kong government has been keen to curb fast-rising property prices since late last year, but all its efforts may be creating a new problem: more speculation in the city's stock market.

25 Mar 2013 - 11:02am 2 comments

Investors dominate the Australian housing market

Investors dominate the purchase of residential buildings in Sydney and across Australia. Photo: Bloomberg

The value of home-loan approvals for investors rose 4 per cent in December from a year ago in seasonally adjusted terms, while mortgages for owner-occupiers fell 1.8 per cent in the same period, government data show.

13 Mar 2013 - 5:06am

Q & A with our experts, March 6, 2013

Louis Chan

Q: My employer pays me a monthly rental allowance of over HK$10,000 and I am entitled to this for two more years. I have been using it to rent an apartment, but as property prices keep climbing, I am thinking about buying. Should I give up the rental allowance now or wait till later?

7 May 2015 - 12:50pm

Letters to the Editor, March 1, 2013

Model of Xiqu Centre at the arts hub. Photo: Sam Tsang

I read with shock the news that the United Nations High Commissioner for Refugees in Hong Kong is axing the HK$500 a month it currently pays out to refugees. How can this be? Is the UNHCR broke?

1 Mar 2013 - 3:32am

Housing rents seen to rise faster as new stamp duty hits home purchases

Rents are expected to rise at a faster pace in the second half of this year as demand for rental accommodation increases. Photo: AP

Rents will rise at a faster pace in the second half of this year as demand for rental accommodation increases as a result of homebuyers hold off on making purchases while they digest the impact of the latest round of measures aimed at curbing property speculation, agents say.

7 May 2015 - 12:48pm

How higher estate taxes can make Hong Kong equitable

Higher property taxes can be a way to redistribute wealth in the city. Photo: Bloomberg

We must come up with a redistribution process that transfers back to society the money that landlords and rich property owners earn. This must come in a form of an estate tax (for properties above a certain value), higher rental income tax, property inheritance tax and capital gains tax on the appreciated portion of the property.

25 Feb 2013 - 2:52am 1 comment

British rent rises tipped to slow this year

British residential property rent inflation is expected to slow this year. Photo: Bloomberg

Rightmove, a London-based property company, said 74 per cent of professional landlords intended to expand their portfolios, and investors would be lured by tenant demand and "attractive" returns.

6 Feb 2013 - 4:59am

Q & A with our experts

Jeffrey Ng Chong-yip

Q: I am an expat who is currently renting an apartment in North Point. But the lease will expire soon and I am planning to move to Wan Chai which is more vibrant. With a budget of less than HK$20,000 a month, what are the options on the market if I want to look for a one-bedroom flat?

28 Oct 2013 - 11:42am

Letters to the Editor, February 5, 2013

Sensible use of a smartphone is important. Photo: AP

China should get involved in arbitration

I refer to the article ("Message in a battle", January 26).

5 Feb 2013 - 2:36am