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The total value of all real estate in the world in 2017 increased by 6.2% to a record 280 trillion 600 billion dollars, a study by the British company Savills showed. The study notes that the price of all global real estate exceeds the total world GDP 3.5 times. Savills points out that the price of gold mined in the history of mankind is equal to 7 trillion 600 billion dollars, which is only 3.5% of the total value of real estate. The largest share accrue to housing - 220 trillion 600 billion dollars. Commercial real estate accounts for 33 billion 300 million dollars, forest and agricultural land – for 27 trillion 100 billion dollars. 44% of all real estate in the world is located in the USA, Canada and developed countries of Europe. China and Hong Kong account for 26% of global real estate.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
June had seen Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
Gold traded lower earlier on Wednesday in Asia even as the new COVID-19 cases continue to increase globally. However, gold prices still remained above the benchmark $1,800 level. Gold futures slipped by 0.18% to $1,806.6 per ounce at 12:48 ...
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