Outline of current global property market
目前全球房地產(chǎn)市場(chǎng)概況

In the past three years, property market was striked most hardest, bcasue the loose mortgage policy and continuing economy growth, the global property market blosssomed last 10 years untill 2008, and it reached the peak in the mid-2007. But followed the Fannie Mae and Freddie Mac bankruptcy, the winter of real estate is coming. In the short months, worldwide proeprty market plummeted. For instance, in US, the price of house decreased over 60%, and the number of enforcement auction house increased by 40%. Nowadays, as the investors hesitation and the new mortgage policy will increase the cost of purchasing house, the global property market is still aggravating, and this situation will last untill 2011.
在過去三年中，被擊中了房地產(chǎn)市場(chǎng)最最難的，因?yàn)閷捤傻姆抠J政策和經(jīng)濟(jì)持續(xù)增長(zhǎng)，過去的10年全球房地產(chǎn)市場(chǎng)綻放，直到2008年，并在2007年中期達(dá)到高峰。

On the contrary, in Asia, like China, the residence price still maintain the strong upward trance after recession. The principal reason is domenstic demand support the house price, meanwhile, the loose mortgage policy create the advantage environment to the investors.

In the commercial market, due to the decadency of financial market, unemployment rate growth and reduction of income, commercial market is suffering the same difficult time with residence market.

From the end of 2003 to the peak in mid-2007, average commercial property prices rose by 43%. Over the subsequent two years, they then fell by 44%; hitting a trough in July last year.

Retail investors piled in at just about the top of the market and just about every bank which subsequently got into trouble developed a heavy exposure to commercial property. Small building societies, which knew nothing of the market, stepped up loans to the sector and the big banks that subsequently had to be saved built up massive involvement.

Admittedly, the speed of the rebound in the market is not unprecedented. Over the next 12-18 months, commercial property prices manage to hold onto their recent gains, especially investors and invest institutions still have plenty of cash to invest.

The prospective of global property market
全球物業(yè)市場(chǎng)的前景

The first half of 2010 showed that confidence has improved and momentum has increased. While markets across the global are strengthening, the last few weeks have shown that regional markets are moving with different dynamics. This July/August issue of the Global Market Perspective reviews the regional patterns emerging as the global property market recovery continues to build.
2010年上半年表明信心有所改善和動(dòng)量增加了。雖然市場(chǎng)在全球正在加強(qiáng),過去幾周表明,區(qū)域市場(chǎng)正在與不同的動(dòng)力學(xué)。這7 / 8月期的全球市場(chǎng)視角回顧了區(qū)域模式成為全球房地產(chǎn)市場(chǎng)復(fù)蘇繼續(xù)建造。#p#分頁(yè)標(biāo)題#e#

In Asia Pacific, which has been quickest to recover in 2010, the investment markets now are waiting for the rental markets to catch up with market sentiment.
In Europe, an investor-led bounce during the first half of 2010 has not yet filtered through to market fundamentals.  Investors now seem more hesitant, weighed with concerns about sovereign debt and austerity packages.
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The United States had a slow start to 2010, but investment markets are now ramping up, momentum is building and market fundamentals are stabilizing.
At mid-year, global direct commercial real estate investment volumes totaled US$130 billion. The full year total is expected to reach US$300 billion, which represents a healthy 40-50% increase on 2009.

In the corporate occupier markets, demand in Asia is still largely dominated by domestic firms, but multinationals are starting to become more active. Rental growth is forecast to return to a select number of European markets over the second half of 2010 and 2011. The Americas corporate occupier markets also are making progress through the bottom of the cycle and the outlook for commercial space demand in Latin America is overwhelmingly positive.

Summary
總結(jié)

From this chapter, it discloses the current situation of property market in the world. According to the change about new mortgage policy which restrict the speculation activities in the property market, the depressed commercial market lead to the reduction of investor’s enthusiasm in the commercial property market. In the residence market, as the unemployment number increase and the income decrease, people worry about the unpredictable prospective in the future; the own-living market has the similar situation with commercial market.
從本章節(jié)看出，它在世界上揭示了當(dāng)前房地產(chǎn)市場(chǎng)形勢(shì)。根據(jù)新的房貸政策，限制房地產(chǎn)市場(chǎng)的投機(jī)活動(dòng)，商業(yè)市場(chǎng)低迷導(dǎo)致減少投資者的熱情，在商用物業(yè)市場(chǎng)的變化有關(guān)。在住宅市場(chǎng)中，隨著失業(yè)人數(shù)的增加和收入減少，人們擔(dān)心在未來的不可預(yù)知的未來的市場(chǎng)有自己的生活與商業(yè)市場(chǎng)類似的情況。