Posted on 12 March 2010 by Laxman
From Dow Jones: Interest from corporate clients considering relocating their office-based functions from major U.S. and European markets to Switzerland has increased, and might boost the Swiss property market, real-estate consultant CB Richard Ellis Group Inc. (CBG) said. [more]
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Posted on 12 March 2010 by Laxman
From Washingtonpost.com: The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize. [more]
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Posted on 12 March 2010 by Laxman
From Bloomberg: Investors with abundant cash and few deals to chase are driving up commercial property prices, real estate chief executive officers said today. [more]
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Posted on 12 March 2010 by Laxman
From Sfgate.com: More bitter pills for the state’s pension funds to swallow. The California Public Employees’ Retirement System on Wednesday pulled out of an $800 million Boston condo and hotel complex, called the Columbus Center, which, as reported last week, was on the verge of default. [more]
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Posted on 12 March 2010 by Laxman
From Propertyeu.info: Three major retail property deals helped lift total European real estate transaction volume to EUR 5 bn in February, a 36% increase compared with January, according to data compiled by PropertyEU. The investment volume for the month was also up 25% on the figure for February last year. The three major retail details accounted for a quarter of the total volume. [more]
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Posted on 12 March 2010 by Laxman
From BBC: The number of homes sold in England and Wales at the start of 2010 fell back to levels seen at the depths of the downturn, a survey says. [more]
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Posted on 12 March 2010 by Laxman
From Bloomberg: U.K. house prices increased in February at the fastest pace in more than seven years, research group Acadametrics Ltd. said. [more]
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Posted on 12 March 2010 by Laxman
From Propertyeu.info: Prime yields fell 9 bp in February as the UK commercial property market continued to stabilise after a period of rapid re-pricing in the fourth quarter of 2009, according to Cushman & Wakefield’s latest business briefing. [more]
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Posted on 12 March 2010 by Laxman
From Pfeurope.eu: German listed office investor DIC Asset has commenced preparations for expanding its business model into management of special investment funds. [more]
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Posted on 12 March 2010 by Laxman
From Propertyeu.info: Norway’s Ministry of Finance has unveiled new rules allowing the country’s sovereign wealth fund to invest up to NOK 130 bn (EUR 16 bn) across the world’s property markets. [more]
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Posted on 12 March 2010 by Laxman
From Questbg.com: If you are planning on buying a Bulgarian property this year, here are our top tips and hints to make finding your dream home easier. The property market is at a low, so the buyer holds the cards right now. [more]
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Posted on 12 March 2010 by Laxman
From Propertyshowrooms.com: After a turbulent few months for the Cypriot housing market, news that property sales are beginning to pick up is likely to be welcomed by investors. The latest statistics, compiled by the island’s Lands and Surveys Department, demonstrate an increase in volumes of around 30 per cent in February compared with the same month last year. [more]
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Posted on 12 March 2010 by Laxman
From Propertyweek.com: Orascom Development Holding AG, a resort company run by billionaire Samih Sawiris, plans to spend E£5bn ($913m) on building low-cost homes in the Middle East and Europe to generate steadier earnings growth. [more]
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Posted on 12 March 2010 by Laxman
From Thenational.ae: A new property law in the capital will make it easier for landords to evict low-paying tenants, in effect weakening the existing rent cap. And for the first time, judges will settle rent disputes under the umbrella of the Ministry of Justice. [more]
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Posted on 12 March 2010 by Laxman
From China Knowledge: Property prices in 70 major Chinese cities rose 10.7% year on year in February, faster than in January, when prices rose 9.5%, according to statistics released by the National Bureau of Statistics. [more]
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Posted on 12 March 2010 by Laxman
From Citywire.co.uk: In a recent report, New York-based property analysts Cushman & Wakefield point to a changed international property investment map at the end of 2009. [more]
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Posted on 12 March 2010 by Laxman
From Businessweek.com: Hong Kong’s home market may see “another good year” in 2010 as buyers remain financially sound, according to Sun Hung Kai Properties Ltd., the world’s biggest developer by market value. [more]
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Posted on 12 March 2010 by Laxman
From Nytimes.com: Taiwan’s luxury property market — long passed over by international investors — finally may be poised to attract overseas money, analysts here say. [more]
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Posted on 12 March 2010 by Laxman
From Reuters: The pace of decline in Tokyo apartment rental prices slowed in December for the first time since the global financial crisis hit, research data showed, suggesting Japan’s beleaguered property market is close to bottoming out. [more]
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Posted on 12 March 2010 by Laxman
From Businessweek.com: Australian home prices will keep rising due to a building and land shortage, according to a unit of the Property Council of Australia. [more]
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Posted on 12 March 2010 by Laxman
From Smh.com.au: Residential property sales in February were closer to 2009 levels after reaching in January their lowest level in nearly two decades, Real Estate Institute of New Zealand (REINZ) figures show. [more]
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