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“Hungary may need to abolish its “flat” income tax system as early as during the course of this year to satisfy demands by the International Monetary Fund in return for a bailout, Nepszabadsag reported, citing unidentified government officials.” 14.02.2012
Harcourts ended 2011 on a high note as our Australian offices posted a 20 per cent year-on-year increase in sales in November 2011 while our New Zealand offices posted an increase of 34 per cent.
In November, Harcourts posted sales totalling over $1.7 billion across its Australian and New Zealand operations, slightly above the group’s December total of just over $1.4 billion.
These results are simply fantastic and I believe the figures are proof that there are buyers out there and that a strong level of investor confidence is returning to the market.
Within Australia, our New South Wales operations reported a staggering 99 per cent lift in sales from December 2010 to December 2011, while Harcourts Western Australia posted a lift of 89 per cent and Harcourts Tasmania’s sales increased by 44 per cent over the same period.
Furthermore, Harcourts Queensland reported a lift of 14 per cent from December 2010 to December 2011, despite the devastation brought by the state’s natural disasters producing challenging market conditions.
The state-based figures are incredibly encouraging, particularly given the uncertainty experienced within the property market during 2011.
The Queensland results are also exceptional given the devastation caused by the floods. It’s
U.S. builders broke ground on fewer homes in August, evidence that the housing market remains depressed.
The Commerce Department said Tuesday that builders began work on a seasonally adjusted 571,000 homes last month, a 5 percent decline from July and a three-month low. That’s less than half the 1.2 million that economists say is consistent with healthy housing markets.
Single-family homes, which represent roughly two-thirds of home construction, fell 1.4 percent. Apartment building plunged 12.4 percent.
“The Hungarian capital city Budapest has been named as number one on a ranking of the top 20 places in Europe to invest in property. The chart, by the Global Property Guide, was reported by the UK’s Daily Telegraph and quoted by Bulgarian television station bTV on January 4 2012.” 04.01.2012