China Financial Daily

December 28, 2008

U.S. Real Estate Market; European Real Estate Market

Filed under: Financial News — Tags: — Nancy @ 7:37 am -0800

The world’s large inventory of real estate: the U.S. market is no sign of warmer
Xinhua, in New York, on Dec. 27th (Reporter Wang Yanhong) U.S. recession in the real estate market has been going on for almost 3 years, and now is still no clear signs of improvement, such as the sales downturn, the backlog of housing, housing prices have continued down as the situation. Analysts expected, in view of the rise in unemployment, retrenchment in consumer spending, the U.S. real estate market was to continue to be weak.

The global real estate industry: the majority of the European market bubble burst 
Xinhua in Beijing on December 28th, since this year, when people were hard to judge the real estate industry in United States was to bottom out, the European real estate bubble began to burst quickly, France, Britain, Ireland, Spain and other countries dropped prices. Near the end of the year, the economic downturn which affected and further spread, made these markets overwhelmed. However, it is gratifying is that Europe’s largest economies – Germany’s real estate market is in reasonably good.

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New York real estate market, Japanese real estate market

Filed under: Financial News — Tags: — Nancy @ 7:35 am -0800

In New York the real estate encountered winter
In the financial crisis and economic downturn as the dual impact, who in the United States in recent years the development of New York’s real estate was once prosperity, also “stopped” down. Local real estate industry organizations, Association of employers in the construction industry with figures showed that in New York, a total of 5 billion U.S. dollars as worth of real estate development projects for the cancellation or postponement as a result of the crisis. “The New York Times” cited on 27th the head in the employers construction industry association Luis Colletti saying the various types of real estate projects.

The Japanese market again encountered winter
Xinhua in Tokyo, on Dec 28th (Reporter Liu Haoyuan) trends in real estate market in Japan’s economy can be said to be a barometer of the economy. The outbreak of the credit crisis in United States and the subsequent global financial crisis, not only led to Japan’s economic recession, it also led Japan’s real estate market just improved once again suffer the cold winter. Japanese non-governmental research institute survey released survey which showed that in November this year, Japan metropolitan area home sales fell 14.9 percent year-on-year, for 15 months in a row below the level of the same period last year.

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Japanese scandal and fraud

Filed under: Financial News — Tags: — Nancy @ 7:10 am -0800

Mayor of Yokohama, in Japan, was discovered his sex scandal and the claim was 30 million yen
44-year-old Yokohama Mayor Hiroshi in Japan’s political arena is a shining political star, however, after married for many years, he has recently been discovered sex scandal. On December 15th, a 30-year-old former hotel barmaid in Yokohama government’s press conference said that she and Hiroshi in the situation on the ground floor there is a period of shadiness about two years to maintain. Today, as a result of Hiroshi harmed her reputation and her suffering from kidney disease, she has towards the Yokohama District Court filed a civil claim for claim 30 million yen (about 2.27 million yuan)

Japanese McDonald employed thousands of people to line up for new products for sale to create an atmosphere of hot
According to the Xinhua News Agency, a shop of McDonald’s Companies in Japan, a few days ago the new product, “1 / 4 pounds hamburger,” for sale attracted more than 1,000 people lining up. However, the Japanese media made an exposured on the 26th that in Osaka these enthusiastic “customers” could be “cappers,” paid per hour for 1000 yen (about 11 U.S. dollars). It was said that a maximum of two thousand people on the same day were lining up to buy up.

A Japanese clerk defrauded to fill the huge losses in stock market
A Japanese court clerk to fill the loss of stock, even transited the frozen accounts from court to the personal accounts, about 4 million yen (44,300 U.S. dollars). On 26th local prosecutors because of fraud brought against him. Kyodo News reported, according to the prosecution’s indictment, that the former Kyoto family court’s clerk Hirota Teruhiko in last September to the municipal departments submited forged documents in his personal capacity, a fictional “Race Course” as resident.

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