December 2023 Real Estate Newsletter

Here we are, the last month and edition of 2023! It has been a very productive and engaging year for us. While welcoming the new year, let's look at the latest developments in global economy and real estate sectors!

USA

• Many economists believe that the American economy can continue to cool down and avoid a severe recession, also a good sign for the global economy.

• Seeming as conundrum, interest rates continue to fall and mortgage rates continue to increase. Therefore the mortgage demand and house prices increase simultaneously.

UK

• UK property prices continued to decrease incrementally. The market shows signs of relaxation.

• Bank of England urges that the fast development of AI and machine learning sectors could pose a serious threat against the financial stability of the country.

Europe

• Eurozone finds itself in a difficult position as demand drops and employment falls.

China

• Moody's decrease China's credit outlook to negative as the Asian giant struggles with debt and failing real estate sector.

Keep following us to get monthly updates about international economy and the real estate sector. See you in 2024!