英国某大学dissertation范文：目前全球房地产市场概况及前景

Outline of current global property market
目前全球房地产市场概况

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.
在过去三年中，被击中了房地产市场最最难的，因为宽松的房贷政策和经济持续增长，过去的10年全球房地产市场绽放，直到2008年，并在2007年中期达到高峰。

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
全球物业市场的前景

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动量增加了。虽然市场在全球正在加强,过去几周表明,区域市场正在与不同的动力学。这7 / 8月期的全球市场视角回顾了区域模式成为全球房地产市场复苏继续建造。#p#分页标题#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
总结

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.
从本章节看出，它在世界上揭示了当前房地产市场形势。根据新的房贷政策，限制房地产市场的投机活动，商业市场低迷导致减少投资者的热情，在商用物业市场的变化有关。在住宅市场中，随着失业人数的增加和收入减少，人们担心在未来的不可预知的未来的市场有自己的生活与商业市场类似的情况。