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UK house prices fall unexpectedly in Sept  LONDON: British house prices fell unexpectedly in September, figures from mortgage lender Halifax showed on Thursday, as the weak economy weighed on demand. British house prices dropped 0.4 percent in September after a bigger than initially estimated 0.5 percent fall in August, leaving prices in the third quarter of 2012 1.2 percent lower than a year earlier. Economists had expected house prices to hold steady in September and to be 0.9 percent lower on the year. "The generally weak economic climate remains a significant constraint on housing demand," Halifax economist Martin Ellis said. "The relatively low level of mortgage payments in relation to income, however, continues to provide support for house prices. We expect house prices to be broadly unchanged over the rest of this year and into 2013," he added. Halifax is part of Lloyds Banking Group, one of Britain's biggest banking groups. Copyright Reuters, 2012 ...

Australia new homes sales hit 15-year low  SYDNEY: Sales of new homes in Australia fell to a 15-year low in August, an industry survey showed on Wednesday, in a sign more cuts in interest rates might be needed to revive the long-suffering housing sector.   The Housing Industry Association (HIA) said its survey of large builders showed sales of new homes dropped 5.3 percent in August, compared to July. Sales of detached homes fell 5.8 percent, while sales of multi-units eased 2.5 percent.   The decline ...
Qatari property firm Barwa eyeing London  DUBAI: Qatar's Barwa Real Estate is looking to invest in the London property market before the end of the year, the company's deputy group chief executive said on Tuesday.   "We're looking for a few investments in Europe, mainly London. We're interested in hotels, business towers and hope to finalise an investment before year end," Ahmad Abdulla al- Abdulla told Reuters on the sidelines of the Cityscape real estate conference in Dubai. He did not give details ...
South Korea housing prices fall in Sept, third month running  SEOUL: Housing prices across South Korea fell 0.2 percent in September from August, private-sector data showed on Tuesday, marking their third consecutive monthly decline and underscoring a stubbornly weak consumer sentiment.   Housing prices fell by 0.1 percent each in August and July on a month-on-month basis and it was the longest losing streak seen since early 2009, the data from Kookmin Bank showed.   Compared with a year earlier, housing prices in September were just 1.2 percent higher, ...
China will not ease grip on property market  BEIJING: China plans to stick to its tight property sector policies and a nationwide rebound in home prices remains unlikely, a senior official at the housing ministry said in remarks published by state media on Sunday.   The comments underscore Beijing's determination to keep a lid on rising home prices, a source of social discontent, especially in the run-up to a once-a-decade leadership transition this year.   To curb price rises, Beijing is urging local authorities to increase housing ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln