Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
UK property market is one of the most happening real estate markets in the world right now, buzzing with financial provisions, revisions, discount, bargain hunting and liquidation. Big Real estate investment trusts are among those looking for liquidation as they face the biggest pressure of withdrawals from the clients. These groups of companies along with real estate developers are using discounts to attract customers and bring in fresh cash. Real estate developers are also those making revisions in their forecast for future earnings and big fund managers who are heavily invested in the UK property market are making provisions for losses. Unlike stock or bonds, actual loss in the portfolio may not be properly accounted until months due to less liquid nature of the market. These fund managers are also among those looking for bargains in the market. Situations like these can provide excellent investment opportunities for anyone with a big purse and longer view.
Norway’s Sovereign Wealth Fund (SWF) is among those big names. With $890 billion purse, it is the biggest in the whole world and 25 percent of its real estate portfolio is invested in the UK market. This week, it reported quarterly earnings. The report showed that at one had it valued down its portfolio by 5 percent in response to the vote, though actual data is far from being available and on the other hand it brought another prominent property in Oxford Street with 15 percent discount.
In July, UK property market suffered the biggest drop in prices since the 2008/09 crisis; however, we believe that the bargain hunters like above would eventually lead to market stabilization.
