What are the causes of the global real house prices upheaval? It may sound complicated to understand all the market dynamics in one diagram, but this article will show you how to master housing market dynamics with one simple DW model diagram, which also has strong empirical support! Enjoy…

In a recent court case that unfolded in the Birmingham High Court, the judge has issued a groundbreaking order mandating the demolition of a six-storey apartment building in the town center of Job’s Yard, Kettering, Northamptonshire, UK. The contentious construction, spearheaded by Michigan Construction Ltd, began as a permitted four-storey…

Office Vacancy Rates in Major Global Cities The pandemic-induced surge in remote work has led to a substantial increase in office vacancies across major global cities like New York, London and Tokyo. New York City, for instance, witnessed a notable uptick in office vacancies, with iconic skyscrapers standing partially empty as businesses reevaluate their real estate needs…

In the realm of economic theories, one prevailing concept, the Wealth Effect, has long been a cornerstone in understanding consumer behavior, especially in Western economies. However, in the context of China, a nation with its own set of economic peculiarities, this theory takes on unique characteristics. As we investigate the…

Introduction In recent years, Russia has made strategic moves to protect its economy from the looming threat of Western sanctions. One of the most significant developments in this regard has been the Kremlin’s decision to reduce its holdings of US Treasuries while increasing its gold reserves. This shift in Russia’s foreign…

2023 is a year of deadly floods, there have been more than ten severe floods in the world in the first ten months. It starts from the Auckland floods in January and February, the New York flood in July, the Beijing flood in August, the floods in Hong Kong, Greece…

Tens of thousands of households were affected by the two unprecedented climate-related disasters in New Zealand, they are the Auckland Anniversary Weekend floods in January 2023 and Cyclone Gabrielle in February 2023. The insured costs of the two events amounted to NZ$1,657.6 millions and NZ$1,843.1 …

Abstract: Dr William Cheung and Associate Professor Edward Yiu’s (University of Auckland Business School) research output (Cheung & Yiu, 2022) on the public perception of flood hazards in the New Zealand Housing Markets has made the advocacy for a flood risk categorisation system to enhance the transparency of the risk…

An institutional analysis of the mortgage systems in the US, Hong Kong, and Mainland China — This article seeks to unravel the complex interplay between institutional economics and housing market dynamics. Drawing inspiration from seminal works, this study conducts a comparative analysis of the differences in the mortgage systems in the United States, Hong Kong, and mainland China. …