Posted on 09 February 2010 by Laxman
From Ctv.ca: Canadian house prices will hit a record $337,500, on average, this year and sales activity should also burst through an all-time high, a real-estate report predicted Monday. [more]
Performance, Research, Residential property Watch
Posted on 09 February 2010 by Laxman
From Canadianbusiness.com: In mid-December, in an opulent ballroom at Toronto’s Royal York Hotel, Bank of Canada governor Mark Carney had just completed a speech on the hazards of taking on too much debt. Someone asked him whether a housing bust might ensue when interest rates rose. Carney dodged the question. [more]
Market Moves, People, Residential property Watch
Posted on 09 February 2010 by Laxman
From Theglobeandmail.com: The market for new homes is beginning to show the same bounce that led to the remarkable recovery in resales after the slump. Canada Mortgage and Housing Corp. said this morning that housing starts in January jumped 5.8 per cent to a seasonally adjust annual rate of 186,300, with gains in both single homes and condominiums. [more]
Market Moves, Mortgage, Residential property Watch
Posted on 09 February 2010 by Laxman
From Canadian Press: It’s still a seller’s market for homeowners, but economists say it’s not a real estate “bubble.” Canada’s housing market is on the rebound after a decline in 2009 with resales expected to set a new annual record this year and home building is off to a strong start, according to two reports Monday. [more]
Emerging Trends, Residential property Watch
Posted on 09 February 2010 by Laxman
From BBC: Activity in the UK housing market was frozen by the snowy weather, although prices continued to rise, according to surveyors. [more]
Emerging Trends, Research
Posted on 09 February 2010 by Laxman
From IPE: The latest results from International Property Databank’s (IPD) UK quarterly property index have prompted fund managers to question the sustainability of the market’s recovery. [more]
Fund Profile, Performance
Posted on 09 February 2010 by Laxman
From Professionalpensions.com: Pension funds have been returning to the UK commercial property market in the wake of improving returns after the asset class lost almost half of its value, industry figures say. [more]
Fund Profile, Investment
Posted on 09 February 2010 by Laxman
From Bloomberg: Institutional property funds put a record 3.2 billion pounds ($5 billion) into U.K. commercial real estate in the fourth quarter of 2009, according to the Association of Real Estate Funds, the Financial Times reported. [more]
Commercial property Watch, Fund Profile
Posted on 09 February 2010 by Laxman
From Investorsoffshore.com: Hedge funds are showing renewed interest in London’s commercial real estate sector as low interest rates and more confidence among investors over economic prospects fuel demand in the asset class, not just in the UK but globally. [more]
Emerging Trends, Fund Profile
Posted on 09 February 2010 by Laxman
From Financierworldwide.com: Private equity investors are well-placed to come to the aid of the banks following the turmoil in the UK commercial property sector, according to a report in The Financial Times. Since the financial crisis broke, the commercial property market has seen billions wiped from the value of its assets, representing declines of more than 40 percent. [more]
Private Equity
Posted on 09 February 2010 by Laxman
From IPE: A study of 90 active pension funds by consultancy Mercer suggests Belgian pension funds returned a median of 18.5% on investments by the end of 2009, thanks to a rally in equities and real estate. [more]
Fund Profile
Posted on 09 February 2010 by Laxman
From Fundstrategy.co.uk: British unlisted pooled property funds (PPF) raised £3.2 billion of new money in the fourth quarter of last year, the highest since 1998. [more]
Fund Profile, Performance
Posted on 09 February 2010 by Laxman
From Sofiaecho.com: Average housing property prices in Bulgaria will hit rock bottom by the middle of 2010 before settling in the following months and then starting to pick up, rising by at least 10 per cent by the end of the year, according to Tihomir Tsakov, manager of Bulgarian real estate agency Aristo. [more]
Market Moves, Research
Posted on 09 February 2010 by Laxman
From Propertyeu.info: Commercial real estate market of Russia has already passed its nadir, according to global consultants Cushman & Wakefield in its quarterly report for Q4 2009. The report also claims occupiers are much more active than a year ago. [more]
Market Moves
Posted on 09 February 2010 by Laxman
From Axiafx.com: Jordan could prove to be an attractive location for those considering buying property overseas. According to the Wanderlust and AITO travel survey, people are thinking more positively about their travel plans this year, with 83 per cent of respondents intending to take at least the same number of trips or more in the year ahead. [more]
Investment
Posted on 09 February 2010 by Laxman
From Dubaichronicle.com: Arab Union for Real Estate Development (AURD) Secretary General Dr. Ahmad Mattar said on Monday that the Arab real estate activity volume is estimated at USD 27 trillion dollars.
Mattar said: “Given its fixed and growning assets, real estate is competitive and outstands oil and gas.” [more]
Market Moves, Middle East and Africa, Performance
Posted on 09 February 2010 by Laxman
From Zawya.com: The Arab Union for Real Estate Development, the first ever umbrella organisation for the region’s property market, would mobilise and invest $5 trillion in a decade for developing four per cent of the land in Arab countries. The Arab Union for Real Estate Development (AURD) also envisages development of one million low-cost houses in Arab countries in the next five years. [more]
Investment, Middle East and Africa, Research
Posted on 09 February 2010 by Laxman
From Business24-7.ae: Office rents in Dubai and Abu Dhabi have remained the highest across the world in 2009 despite the regional property market witnessing a slowdown, according to two reports. [more]
Market Moves, Middle East and Africa
Posted on 09 February 2010 by Laxman
From Bloomberg: Saudi Arabian property market may double in size by 2015 if a planned mortgage law is put into effect, NCB Capital said. [more]
Market Moves, Middle East and Africa, Mortgage
Posted on 09 February 2010 by Laxman
From Chinadaily.com.cn: Property speculators from Wenzhou who contributed to the sky-high real estate prices in the country’s largest city are moving their cash into debt-laden Dubai. [more]
Emerging Trends, Investment
Posted on 09 February 2010 by Laxman
From Atimes.com: Money has flooded into the tropical Chinese island province of Hainan for property speculation in the few weeks since the central government unveiled a plan to turn it into an international tourist resort. [more]
Emerging Trends, Finance
Posted on 09 February 2010 by Laxman
From UPI: The British bank Standard Chartered said Monday the Chinese government was attempting to softly deflate real estate bubbles in cities before they burst. [more]
Finance, Regulatory
Posted on 09 February 2010 by Laxman
From Businessweek.com: The Hong Kong property market has risen too fast and buyers must look out for a bubble, Cheung Kong (Holdings) Ltd.’s executive director Justin Chiu said. [more]
Market Moves, People
Posted on 09 February 2010 by Laxman
From Propertywire.com: India’s residential property sector, by far the largest amongst the nation’s property classes, has begun the march towards recovery as home prices across the country have shown signs of stability and growth, according to an in depth report into the real estate market. [more]
Asia Pacific, Developers