Real Estate Briefing - Latest News
Posted on 10 March 2010 by Laxman
From Cityam.com: Across the US, house prices have collapsed so much that they are now under-valued. That is in stark contrast to most other parts of the world, including Britain, where they haven’t dipped sufficiently to ensure that they are back in line with fundamentals. [more]
Emerging Trends, Residential property Watch
Posted on 10 March 2010 by Laxman
From Propertyeu.info: Global investment volumes are forecast to rise 30% this year, hitting EUR 362 bn, led by a reviving US market, according to Cushman & Wakefield’s 2010 Global Investment Atlas which monitors investment flows in commercial property in 56 countries, [more]
Market Moves, Research
Posted on 10 March 2010 by Laxman
From WSJ: At long last, the market for luxury real estate is coming back to life. Prices for primary residences, which plunged at least 20% from the peak in 2007, appear to have bottomed. In some of the snappiest locations, scattered bidding wars are breaking out and prices are turning upward. [more]
Emerging Trends, Investment
Posted on 10 March 2010 by Laxman
From Iii.co.uk: The percentage of U.S. homeowners who cut the listing price on their houses fell in February to the lowest level in 10 months, as initial pricing became more realistic heading into the spring selling season, real estate web site Trulia.com said on Tuesday. [more]
Research, Residential property Watch
Posted on 10 March 2010 by Laxman
From Marketoracle.co.uk: Do you ever become confused over daily economic data? If not, then you probably aren’t paying close attention. But that’s not necessarily a bad thing. If you don’t pay real close attention and spend a good deal of time analyzing what’s really going on, you’re probably better off not paying any attention to the data at all because it is designed to confuse you; to manipulate the truth. [more]
Americas, Research
Posted on 10 March 2010 by Laxman
From Investorschronicle.co.uk: “We’re not a bunch of ex-bankers who fancy a bit of property. Most of them didn’t have a clue.” So says James Morse, chief executive of Squarestone Brasil. The Brazilian shopping centre specialist is hoping to raise ?250m on Aim later this month, promising to take the “western mall concept” over to Latin America. [more]
Emerging Trends
Posted on 10 March 2010 by Laxman
From WSJ: With European property markets beginning to recover from the market downturn and global recession, there are signs that a long-awaited REIT breakout could finally be at hand. [more]
Europe, REITs
Posted on 10 March 2010 by Laxman
From Citywire.co.uk: Apart from the aforesaid warning of house price Armageddon, the spread also covers the property disasters that is Florida and the financial woes of uber gung-ho estate agents Foxtons where a private equity group bought in two years ago – i.e. exactly the wrong time. [more]
Emerging Trends, Residential property Watch
Posted on 10 March 2010 by Laxman
From Investmentinternational.com: More than nine in 10 real estate investors plan to either maintain or increase allocation to UK commercial property in 2010 as they expect values to stabilise or rise over the year, according to a new survey. [more]
Commercial property Watch, Emerging Trends, Investment
Posted on 10 March 2010 by Laxman
From Timesonline.co.uk: The UK’s biggest property group is to revive the Capital & Counties name and form a Reit for its shopping centres. Liberty International has confirmed plans to split its £6.2 billion portfolio into two separate companies. [more]
Developers, Finance, Market Moves
Posted on 10 March 2010 by Laxman
From Propertyweek.com: The recession has been much deeper than was anticipated. Total GVA (Gross Value Added) for Scotland contracted sharply by 4.4% in 2009, broadly in line with the national average.
This year will see a slow recovery for the Scottish economy as output growth for the financial and business services is expected to remain weak until we see more stability in the financial markets. [more]
Commercial property Watch, Research
Posted on 10 March 2010 by Laxman
From Propertyeu.info: Germany’s open-ended property funds witnessed net average capital inflows of EUR 1.7 bn in January, nearly three times the figure for December 2009 and a sharp increase on the EUR 789 mln recorded in January 2009, according to new figures from industry body BVI. [more]
Fund Profile, Performance
Posted on 10 March 2010 by Laxman
From Propertyeu.info: Investment in the German retail property sector amounted to EUR 3.47 bn in 2009, down 43% on the previous year, according to figures published on Tuesday by CB Richard Ellis Germany. [more]
Investment, Research
Posted on 10 March 2010 by Laxman
From Themovechannel.com: According to an annual survey of more than 600 industry experts, Munich and Hamburg topped European property performance overall last year, a high point in a market that is beginning a slow but steady road to recovery. [more]
Performance
Posted on 10 March 2010 by Laxman
From Themovechannel.com: Sellers in the South of France are waiting for better weather before putting holiday homes on the market. When predictions were being made about the overseas property market at the beginning of January 2010, there was one thing not accounted for - the effect of the weather. [more]
Market Moves
Posted on 10 March 2010 by Laxman
From Finchannel.com: Switzerland has learned its lessons from the real estate crisis of the 1990s. As a result, the real estate markets are looking rather stable again in 2010 despite the economic environment. [more]
Market Moves, Residential property Watch
Posted on 10 March 2010 by Laxman
From Polishmarket.com.pl: Cushman & Wakefield’s latest report on the real estate market Marketbeat – Spring 2010 presents an analysis of the office, retail, industrial, hospitality and residential markets as well as the investment market in Poland in 2009. The report also provides forecasts for the future development of the real estate sector. [more]
Commercial property Watch, Emerging Trends, Research
Posted on 10 March 2010 by Laxman
From Propertyeu.info: King Sturge’s Warsaw office has joined the Polish Council of Shopping Centres (PRCH), a move the property adviser says will enable it to become even more involved in the country’s retail property sector and open the door to valuable new relationships. [more]
Commercial property Watch, Market Moves
Posted on 10 March 2010 by Laxman
From Baltic-course.com: During the past few months, several real estate developing companies have launched new residential construction projects as construction prices are low and the real estate market in Tallinn has started showing first signs of stabilisation, reported Swedbank Estonia at the real estate conference for the bank’s customers and developers, writes LETA/Äripäev.ee. [more]
Emerging Trends, Residential property Watch
Posted on 10 March 2010 by Laxman
From Business24-7.ae: AXA Insurance Gulf saw growth in its commercial as well as personal property insurance premium in the UAE last year, compared to a year earlier, according to a top official of the company. [more]
Finance, Performance
Posted on 10 March 2010 by Laxman
From Albawaba.com: Real growth in the construction sector of Saudi Arabia reached 3.9 per cent in 2009 with real estate growing by 1.8 per cent according to a report from the Ministry of Finance, as sustained government expenditure and continued private sector investments drive new real estate and construction projects across the country. [more]
Construction, Performance
Posted on 10 March 2010 by Laxman
From Ameinfo.com: The world’s second tallest building will be opened next August in Saudi Arabia, Meed has reported. The 577-metre Makkah Clock Royal Tower will be 59 metres taller than the 508-metre tall Taipei 101 tower in Taiwan, but 251 metres shorter than the Dubai’s 828-metre tall Burj Khalifa. [more]
Construction, New Launches
Posted on 10 March 2010 by Laxman
From Reuters: Capital-hungry Chinese developers are turning to real estate private equity funds this year as big domestic banks tighten lending to help Beijing curb property prices, a top concern for most Chinese. [more]
Private Equity
Posted on 10 March 2010 by Laxman
From Reuters: China is likely to hold off on any fresh moves to cool its property market for the next few months amid signs that earlier measures have had some success in curbing price rises. [more]
Emerging Trends, Regulatory
Posted on 10 March 2010 by Laxman
From Bloomberg: Shanghai’s average housing sale price dropped 10 percent to 18,549 yuan per square meter in the first week of March from the previous week, Shanghai Securities News reported, citing Shenzhen World Union Properties Consultancy Co. [more]
Market Moves, Residential property Watch
Posted on 10 March 2010 by Laxman
From Theaustralian.com.au: Property investors have returned in force to Australia’s major capital cities with more than one-third of home loans sourced for investment purposes. [more]
Emerging Trends, Investment
Posted on 10 March 2010 by Laxman
From Nasdaq.com: While it’s true that real estate exchange traded funds (ETFs) have doubled off their lows since last March, they’ve still got a long way to go before the sector can be considered “stable.” [more]
ETFs
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