RICS Global RE Weekly: Japanese Construction Sector Still Lagging the Economy

Written by PR Newswire

Created on Sunday, 11 October 2009 10:37

HONG KONG, Oct. 9 /PRNewswire-Asia/ -- Next week sees a raft of economic data released in Japan important to the near term outlook for the Japanese property market. The Bank of Japan begins its two day meeting on Tuesday 13th, to decide on monetary policy amid some signs that gradual improvements in the Japanese economy are slowly emerging. RICS expect that next week's construction spending figures, whilst weak, could mark a series trough as the lagged impacts of a strengthening economy feed through.

More evidence likely of improvement in UK commercial property The coming week sees the release of important data for both the residential and commercial property markets in the UK. On Tuesday 13th, the September RICS Housing Market Survey is published.
Canadian housing market improving but will it last?

The next updates on the Canadian property markets come with the release of the new house price index for August on Tuesday 13th followed by data on non- residential construction spending for Q3 on Friday 16th.

German house prices to remain relatively flat over next 12 months
German house price data for September is due from Hypoport next week. The headline index is down by 3.2% y/y but prices are currently flat on an annualised basis (three month on three month).

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