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UK commercial property total return increases to 0.6pct

Posted on 14 May 2013 by Laxman  |  Email |Print

UK commercial property performance remained largely unchanged at the All Property level in April, according to the latest CBRE UK Monthly Index. Total return increased from 0.5% in March to 0.6% in April, with the annual return also picking up to 3.1% for the year to April 2013. However, capital values remained flat, and have declined by -2.8% over the course of the last twelve months.
All offices total return increased to 0.5% in April, while capital values remained at the level recorded in March. Overall sector returns were boosted by offices in Central London, returning 0.6% over the month………………………………………..Full Article: Source

Turnover of real estate market in Azerbaijan grew by 40pct up to AZN 900 mln for past quarter

Posted on 14 May 2013 by Laxman  |  Email |Print

The Central Bank of Azerbaijan reports that turnover of country’s residential property market for 1st quarter of 2013 increased by 40.1% against the same term of 2012. In 2012 the index grew by 24.86% against 2011.
According to the CBA, turnover of residential property (the cash flow of notary’s offices) reached AZN 882.75 bn by 1 April 2013 versus AZN 629.947 million a year earlier………………………………………..Full Article: Source

Mumbai property rates soar 66pct in 4 years

Posted on 14 May 2013 by Laxman  |  Email |Print

The Mumbai residential property rates, touted as the most costliest in India, appreciated by a whopping 66% during the last four years, quashing reports of an ‘imminent correction’, according to a report. Other satellite areas such as Thane and Navi Mumbai saw an even steeper rise in property prices compared to Mumbai’s average increase, growing by 70% and 74%, respectively.
“Residential property prices in Mumbai have increased steadily after the correction seen post the Lehman debacle. In the period from the second quarter of 2009 to the same quarter in 2013, residential real estate prices in Mumbai have increased by 66%”, said a report prepared by Jones Lang LaSalle India (JLLM)………………………………………..Full Article: Source

UK: Housing market ‘most positive’ in five years, says housebuilder Barratt

Posted on 10 May 2013 by Laxman  |  Email |Print

The housing market is at its strongest in five years, according to Barratt Developments, Britain’s biggest housebuilder. “The present market backdrop, in terms of consumer demand and mortgage supply, is the most positive we have seen for five years,” Barratt said in a trading update on Tuesday. “The group expects to deliver a significant year-on-year improvement in operating profit.”
The sector is benefitting from being the focus of Government attempts to get the economy moving, most recently through the Help to Buy package of shared equity funding and mortgage guarantees unveiled in the Budget………………………………….Full Article: Source

Canada: Housing starts fall 3.5pct in April as market faces ‘new reality’

Posted on 09 May 2013 by Laxman  |  Email |Print

Housing starts cooled in April, suggesting that home builders are scaling back construction in the wake of the decline in home sales. And, notably, the consensus estimate among economists for this important spring month was virtually bang on.
Starts came in at 174,900 on an annualized basis in April, a 3.5 per cent decline from March. Economists had been expecting starts to come in at 175,000 on average………………………………….Full Article: Source

UK: House prices rise in April, says Halifax

Posted on 09 May 2013 by Laxman  |  Email |Print

Prices rose 1.1% over the month and 2% over the year, but significant constraints remain on housing demand, according to the bank. House prices continued on their upward trajectory in April, partly driven by a big drop in the level of new borrower’s mortgage payments in relation to their income over the past six years, according to the Halifax.
Property prices rose by 1.1% in April, the bank said. This followed rises of 0.5% in February and 0.4% in March and contributed to a year-on-year price increase of 2%………………………………….Full Article: Source

Record prices for US commercial property

Posted on 08 May 2013 by Laxman  |  Email |Print

U.S. commercial property prices hit record levels last month, a new report suggests. Green Streets Advisors’ commercial property index moved one percent higher than the record achieved in August, 2007, fueled by low interest rates and “modest economic growth.” The index rose one percent in April, after a two percent increase the month before, Bloomberg reports.
“It’s likely we’ll see more gains,” Green Street analyst Peter Rothemund said in the statement. “Real estate continues to be attractively priced relative to the returns on offer in the bond market.”……………………………………….Full Article: Source

London property prices continue to outperform

Posted on 08 May 2013 by Laxman  |  Email |Print

According to HM Land Registry All Transaction Data, prices in the area rose 25% across the year to reach an average of £1,186,817. LCP said this price increase is equivalent to earning £122 an hour for a working week, 14 times the London Living Wage (£8.55).
Two years down the line from the 2011 Budget, headline results show a complete recovery from the rise in Stamp Duty from 4% to 5% for purchases above £1m. The bunching in sales under £1m, which occurred following the 2011 stamp duty increases, has now burst through and the £1m - £2m price band has seen a staggering increase in transactions of 84% since last March………………………………………..Full Article: Source

Baku real estate market prices grew by 1.2pct in April

Posted on 08 May 2013 by Laxman  |  Email |Print

In April the Baku real estate market observed a price rise by 1.2%. At that, the prices grew by 3.54% since early 2013 and by 7.8% versus the 2012 same term. MBA Group consulting company’s general director Nusret Ibrahimov says that in April prices on the primary housing market of Baku grew by 9.6% from $914 up to $977 per sq m and by 14.68% against last year’s same term.
“Prices on the secondary housing market grew by 2.34% from $1,582 up to $1,619 per sq m. Prices increased by 7.36% against early 2013 and by 12.64% versus last April. Growth of prices was registered in April on the land market of Baku where they increased by 3.5% from $19,026 up to $19,606 per are………………………………………..Full Article: Source

U.S. commercial-property prices rise above their ’07 peak

Posted on 07 May 2013 by Laxman  |  Email |Print

Prices for U.S. commercial property last month rose above a peak reached in 2007 as low interest rates and financing availability helped increase values, according to research firm Green Street Advisors Inc.
The Green Street all-property index climbed 1 percent from the previous month and is 1 percent higher than the previous record, from August 2007, the Newport Beach, California-based company said today in a statement. Green Street’s index is based on its estimate of the value of portfolios of real estate investment trusts, which tend to own high-quality properties………………………………………..Full Article: Source

A reality check on real estate

Posted on 07 May 2013 by Laxman  |  Email |Print

New statistics on the real estate market show home prices have risen by about 9 percent over the past year. Does this mean that real estate is back? On April 30, the Standard & Poors/Case-Shiller Home Price Indices release showed that a composite of real estate prices in 20 major metropolitan markets had increased by 9.3 percent over the past year, the best annual gain since May 2006.
Does that mean the housing market is back to the heady days of the real estate boom? A quick reality check shows that not to be the case — which may be good news for would-be home buyers………………………………………..Full Article: Source

Swiss property market slows in first quarter, says UBS

Posted on 07 May 2013 by Laxman  |  Email |Print

The rate of increase in Swiss house prices slowed in the first quarter, research showed on Friday, suggesting moves by the government to deflate a property bubble are starting to take effect.
The UBS real estate bubble index rose 0.06 points to 1.17 points, lower than the average quarterly rise of 0.11 points over the past four years. A reading between 1.0 and 2.0 on the index means the market risks a correction, while anything over 2.0 indicates a bubble………………………………………..Full Article: Source

Dubai ranked world’s 2nd hottest property market in 2012

Posted on 07 May 2013 by Laxman  |  Email |Print

With the property price crash of 2008/09, induced as it was by the global economic slowdown, now a thing of past, Dubai has emerged as the second hottest property market in 2012.
According to a just published Forbes ranking of ‘The Hottest Real Estate Markets On Earth,’ which ranks real estate markets in 2012 based on the average house price growth, Dubai is ranked at No. 2, second only to Hong Kong, which saw house prices shoot up by a whopping 23.6 per cent last year………………………………………..Full Article: Source

UK: Increased optimism as property market shows early signs of recovery

Posted on 03 May 2013 by Laxman  |  Email |Print

The number of homes sold in the UK reached a three-year high during March as increased confidence in the market translated into sales, according to the latest Royal Institution of Chartered Surveyors survey.
Chartered surveyors reported selling an average of 17.4 homes over the previous three months, the highest number since March 2010. Confidence has been slowly returning to the housing market since the end of 2012 and transactions have also risen for three consecutive months………………………………………..Full Article: Source

Housing market forges on with April house price rise

Posted on 03 May 2013 by Laxman  |  Email |Print

Further evidence of a recovery in the housing market emerged today, with figures showing house prices rose 0.3% in April – the third consecutive month that values have increased across the country.
The monthly survey by Hometrack – which tracks sentiment among over 5,000 estate agents and surveyors – also found demand in London has grown three times faster than supply over the last quarter………………………………………..Full Article: Source

World’s most expensive property prices set to grow by 27pct in next five years

Posted on 03 May 2013 by Laxman  |  Email |Print

The value of residential property purchases over £10 million in the world’s top financial hubs of London, New York, Hong Kong and Singapore is set to grow by 27% in the next five years according to a report released today by developers Candy & Candy.
The research, which has been produced by Candy & Candy, Savills and Deutsche Bank and examines the recent and immediate future of ultra prime property markets in these four cities which are regarded as being at the forefront of global private wealth flows………………………………………..Full Article: Source

UK: House price rise disguises regional differences

Posted on 30 April 2013 by Laxman  |  Email |Print

House prices in England and Wales increased by 0.1% in March, according to the latest Land Registry report, but the headline figure disguised a mixed pattern of rises and falls around the regions.
London continued to record the strongest growth, with prices rising by 2.5% in March alone. The annual rate of price growth in the capital hit 9.6% and the average price reached £374,568. In contrast, prices in Middlesbrough fell by 5.1% in March and were down 16.5% year-on-year to an average of £69,049………………………………………..Full Article: Source

Kuwait real estate sales climb 19pct in March

Posted on 30 April 2013 by Laxman  |  Email |Print

Real estate sales in Kuwait worth a total KD 293 million leapt 19pct in March, 2013 since the same period last year, said a National Bank of Kuwait (NBK) report here on Saturday. The increase comes after a drop witnessed at the beginning of the year, NBK’s weekly economic brief on Kuwait said, expecting the market to remain stable until a slowdown marked by the advent of the summer period, particularly as the market’s three main sectors are witnessing healthy demand.
Total sales in the housing sector, including 490 transactions, reached KD 149 million in March with an average of 1.0pct on a year-on-year basis as the average of each transaction grew by 7.0pct in comparison with 2012………………………………………..Full Article: Source

Jakarta, Bangkok and Miami top global cities prime property growth

Posted on 30 April 2013 by Laxman  |  Email |Print

Cities in Asia, North America and the Middle East continue to dominate the top half of the results table while seven of the bottom ten rankings are occupied by European cities, according to Knight Frank’s latest Prime Global Cities Index.
On a regional basis, cities in the Middle East recorded average annual price growth of 11% while Europe was the weakest performing region with prime prices falling on average by 2.3%. A typical prime property is now worth 21.3% more than it was in the second quarter of 2009 when the Prime Global Cities Index hit its post-Lehman low………………………………………..Full Article: Source

Irish house prices: Residential property prices fall by 3pct in the year to March 2013

Posted on 26 April 2013 by Laxman  |  Email |Print

In the year to March, residential property prices at a national level, fell by 3%. This compares with an annual rate of decline of 2.6% in February and a decline of 16.3% recorded in the twelve months to March 2012, according to the CSO today. Residential property prices fell by 0.5% in the month of March. This compares with a decrease of 1.5% recorded in February. Prices were unchanged in the month of March of last year.
In Dublin residential property prices fell by 0.8% in March but were 1.4% higher than a year ago. Dublin house prices fell by 0.3% in the month but were 1.5% higher compared to a year earlier………………………………………..Full Article: Source

Swiss real estate prices record high in 2012, likely to head down

Posted on 25 April 2013 by Laxman  |  Email |Print

Swiss home prices are likely to start drifting down, says Wüest & Partner in its latest report on the Swiss real estate market. The company is an international real estate consultancy firm that regularly produces reports on its home market.
“In the coming months, demand for commercial properties is expected to flatten in response to sluggish economic growth. The residential markets are overall robust, but likely to enter calmer waters in 2013 compared to the previous years,” the company’s “Property Market Switzerland 2013/2, published 23 April, forecasts………………………………………..Full Article: Source

Melbourne records strong property marke

Posted on 25 April 2013 by Laxman  |  Email |Print

According to Australian Property Monitors, median house prices in the city increased by 3.6 per cent in the three months to March, and unit prices lifted 2.6 per cent.The city recorded the highest quarterly price increases in the country.
The Australian Property Monitors senior economist Dr Andrew Wilson says the Melbourne market is making up lost ground………………………………………..Full Article: Source

Home prices rose 7.1pct in year through February, FHFA says

Posted on 24 April 2013 by Laxman  |  Email |Print

U.S. house prices rose 7.1 percent in the year through February, the biggest gain since 2006, indicating a solidifying recovery as buyers compete for properties amid tight inventory.
Prices climbed 0.7 percent on a seasonally adjusted basis from January, the Federal Housing Finance Agency said in a report today from Washington. That matched the average estimate of 16 economists, according to data compiled by Bloomberg………………………………………..Full Article: Source

Investing in student property in the UK set to bring 9.2pct annual return

Posted on 24 April 2013 by Laxman  |  Email |Print

The student accommodation property investment sector in the UK is predicted to see 9.2% annual returns over the next 12 months due to continued demand.This reflects an increase of 0.4% on London returns to 9.1%, due to rising rents in an acutely structurally undersupplied market, says the latest report from property firm Knight Frank.
Average rents are forecast to rise 3% in London and 2.75% in the regions from September 2013, according to its latest forecast for the student accommodation sector………………………………………..Full Article: Source

German Q1 investment figures hit five-year high

Posted on 24 April 2013 by Laxman  |  Email |Print

Total investment volumes in the German commercial property market have risen 21% year-on-year, according to first quarter figures releasedby property advisor Savills.
The German market saw total investment hit €6.65 bn during the first three months of 2013 - representing the highest first quarter levels for five years. The strong first quarter showing was fuelled by a number of significant portfolio deals, including the purchase of an IVG open-ended special fund for some €500 mln and Dundee’s purchase of a portfolio of eleven office properties for € 420 mln from SEB………………………………………..Full Article: Source

Home prices up 12 pct as investors bet on real estate

Posted on 23 April 2013 by Laxman  |  Email |Print

Prices of existing homes in the US rose 12 percent in March from the same month last year, as the real estate market continues to bounce back, providing much-needed help to the nation’s economy.
A key factor in housing’s recovery is strong demand from major corporate investors, who see profit in the combination of still-depressed real estate prices, near-record-low interest rates, and strong demand for rental housing………………………………………..Full Article: Source

Chinese home prices rise

Posted on 23 April 2013 by Laxman  |  Email |Print

Average home prices in key Chinese cities rose in March, indicating that recent government efforts to control the unruly real-estate market are having little effect.
Despite a move to enforce a tax on home-sale profits, the overall average price for 70 Chinese cities was up from the previous month and from a year earlier, with new homes in major cities showing the largest gains………………………………………..Full Article: Source

China Vanke Q1 net profit up 16pct amid market recovery

Posted on 23 April 2013 by Laxman  |  Email |Print

China Vanke, the country’s largest real estate developer posted a 16 per cent rise in first-quarter profit on the back of strong sales.Net income during the Jan-March period rose to 1.61 billion yuan (S$323 million) from 1.4 billion yuan a year earlier, the company said in an exchange filing.
The company posted revenue of 14 billion yuan, up 35 per cent from 10.35 billion yuan a year ago………………………………………..Full Article: Source

Sydney property prices regain all lost ground

Posted on 22 April 2013 by Laxman  |  Email |Print

Property prices in Sydney have regained all their losses since the property slump in 2010 making it the first Australian city to do so whilst Melbourne has maintained steady prices despite predictions that prices would fall further.
According to RP Data Rismark, property prices in Sydney rose 1.5 per cent in March making it the first city in Australia to regain all the ground lost over the last three years………………………………………..Full Article: Source

German property funds outperform European and global investment vehicles

Posted on 18 April 2013 by Laxman  |  Email |Print

German property funds tracked by UK performance analysis group IPD outperformed global and Europe-focused property investment vehicles in the year to March 2013, returning 2.3 percent as against -1.0 percent for global and -0.3 percent for European property funds, IPD said in its monthly assessment of the sector. The report also showed that inflows surpassed outflows from liquidating property funds, indicating a return of investor confidence in Germany’s real estate market.
According to the IPD German Monthly Open Ended Funds Index OFIX, over the past year only German-allocated funds outperformed inflation, 1.4 percent in the 12 months to March, while European and global sub-indexes returned losses in both real and nominal terms…………………………………..Full Article: Source

Savills: Netherlands retail investment volumes up 30pct in Q1 2013

Posted on 18 April 2013 by Laxman  |  Email |Print

According to Savills latest Netherlands property market report, retail investment in Q1 2013 reached approximately €160 million, representing an increase of 30% on the same period last year, at €122 million. Key transactions included the sale of five shopping centers for a total of €70 million and the purchase of five supermarkets for €20 million.
Clive Pritchard, director of investment at Savills Netherlands, comments: “Retail investment performed very well in the Netherlands property market so far this year and we predict that it is set to continue as investor interest remains strong. Total volumes in the sector could reach €1 billion by the end of the year, beating last year’s total of €885 million.”………………………………….Full Article: Source

Dutch retail volumes up 30pct in Q1

Posted on 18 April 2013 by Laxman  |  Email |Print

Dutch retail property investment reached €160 mln in Q1 2013, representing an increase of 30% on the €122 mln recorded in the same period last year.
According to Savills’ latest Netherlands property market report, key transactions included the sale of five shopping centres for a total of €70 mln and the purchase of five supermarkets for €20 mln…………………………………..Full Article: Source

U.S. housing starts surpass 1 mln in March

Posted on 17 April 2013 by Laxman  |  Email |Print

U.S. builders broke ground in March on homes at a seasonally adjusted rate of 1.04 million, the fastest since June 2008. The gain was driven by a surge in apartment construction and showed continued strength in the housing market at the start of the spring buying season.
The Commerce Department says that builders increased their construction pace by 7 percent in March from February. Apartment construction jumped 31.1 percent to a seasonally adjusted rate of 392,000 — the fastest pace since January 2006. Single-family home construction, which represents nearly two-thirds of the market, fell 4.8 percent to a seasonally adjusted 619,000. That was down from February’s pace of 650,000, which was the fastest pace since May 2008……………………………………Full Article: Source

Dubai property market rebounds

Posted on 17 April 2013 by Laxman  |  Email |Print

A market report finds that an estimated 40,000 new homes will be available for buyers in Dubai over the next two years. Published by consultants Jones Lang LaSalle, the report shows that a number of new properties will be developed between 2013 and 2015, which would account for 11 percent of the 357,000 units envisaged by developers.
Those figures suggest that the emirate’s real estate market has made a strong comeback as developers start to revive projects that were abandoned in the aftermath of global financial crisis. After reaching its peak in 2008, property prices fell by as much as 50 percent as investors quickly retreated from the scene……………………………………Full Article: Source

Japan apartment real estate proving best: Riskless return

Posted on 17 April 2013 by Laxman  |  Email |Print

Investing in Tokyo apartments beat putting money into office buildings, malls and the domestic stock and bond markets over the past five years as a housing shortage cushioned rental incomes from years of deflation.
Apartment real estate investment trusts produced the best returns, adjusted for price swings, of Japanese REITs in the five years through March, the BLOOMBERG RISKLESS RETURN RANKING shows. Daiwahouse Residential Investment Corp. (8984) led all REITs with a 5.5 percent risk-adjusted return, followed by Advance Residence Investment (3269) with a 5.4 percent gain……………………………………Full Article: Source

UK: Housing market set to return to pre-crash levels

Posted on 15 April 2013 by Laxman  |  Email |Print

Britain is poised for a housing market revival as the market gives its strongest performance since the crash, according to a leading economic forecaster. More than 1m transactions will take place by the end of the year, representing the most activity since 2007 when there were nearly 1.8m, according to the Ernst & Young ITEM Club. The following year, the market dipped to a low of around 900,000.
After staying roughly flat this year, house prices will start to rise in tandem, up by 2.1pc in 2014, before rises of 5pc and 6pc over the following two years, according to its spring forecasts published on Monday………………………………………..Full Article: Source

RealtyTrac: Home repossessions fell in March

Posted on 12 April 2013 by Laxman  |  Email |Print

The number of homes repossessed by lenders in March fell to the lowest level in more than five years, according to foreclosure listing firm RealtyTrac. While some states still saw increases in homes taken back by lenders, nationally home repossessions fell 3% in March from the previous month and were down 21% from a year earlier.
Thirty-four states posted annual declines in completed foreclosures. Among those bucking that trend: Arkansas, Maryland, Washington and Pennsylvania………………………………………..Full Article: Source

NZ house sales hit six-year high

Posted on 12 April 2013 by Laxman  |  Email |Print

The number of New Zealand house sales rose to a six-year high last month and prices touched a new record as Auckland continued to drive up the national average.
Some 8,128 houses were sold in March, up 23 percent from February and 11 per cent from the same month a year earlier, according to the Real Estate Institute. The national median price rose an annual 8.1 per cent to $400,000, the first time it’s broken the $400,000 mark………………………………………..Full Article: Source

Home prices seen falling in some areas as rates increase

Posted on 11 April 2013 by Laxman  |  Email |Print

Home prices are climbing too fast relative to buyer incomes, signaling that property values may fall in some U.S. cities once mortgage rates rise and reduce affordability, according to a study by Zillow Inc.
Driven in part by borrowing costs close to historic lows, buyers spent three times their annual incomes on homes at the end of last year, up from a 2.6 multiple from 1985 to 1999, Zillow said in a statement today. That means properties were almost 15 percent pricier relative to incomes than before the housing bubble of the mid-2000s, according to the Seattle-based real estate research firm………………………………………..Full Article: Source

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European commercial property at best value for 10 years

Posted on 11 April 2013 by Laxman  |  Email |Print

European commercial property pricing has reached its most attractive level for investment in almost 10 years, according to research from DTZ. DTZ’s Fair Value Index offers quarterly insight into the relative attractiveness of current pricing in European property markets by grading them with a score out of 100. The most recent figures show that in Q4 2012 the overall index score for Europe rose to 78 from 62 in the previous quarter – recording its highest score since September 2003.
Individual property markets across Europe are also ranked as HOT, WARM or COLD. Of 105 markets covered, 69 were rated as HOT and 25 as WARM – making them attractive to investors. Significantly, 33 markets were upgraded between Q3 and Q4, with 24 improving from WARM to HOT and nine moving from COLD to WARM………………………………………..Full Article: Source

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CBRE: Property investment in CEE achieves second highest Q1 result since 2007

Posted on 11 April 2013 by Laxman  |  Email |Print

Total commercial real estate investment volume in Central & Eastern Europe (CEE) reached €2.6 billion in the first quarter of 2013 (Q1 2013), three times the level achieved during Q1 2012 and the highest first quarter result since 2008, according to the latest research from global property advisor CBRE.
The most active markets were Russia (€1.8 billion) and Poland (€400 million), although the smaller economies within the CEE have also seen an increase. The largest transactions were in Moscow: Metropolis shopping centre was acquired for around €900 million by Morgan Stanley Real Estate Investing and AFI Development’s completion of its acquisition of the remaining 50% in Aquamarine BC III, a project close to the Kremlin………………………………………..Full Article: Source

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Asia Pacific real estate deals up 35pct to US$144bln in Q4

Posted on 11 April 2013 by Laxman  |  Email |Print

Asia Pacific continued to see strong interest in property in 2012, as volumes in the fourth quarter ended Dec 31, surged 35% to US$144.4bil from the third quarter mainly due to land sales. Asia Pacific Real Estate Association (APREA) CEO Peter Mitchell said on Wednesday transaction volumes increased significantly each quarter during 2012, shrugging off concerns over Europe and the anemic recovery in the US.
“The increase was driven primarily by land sales, which rose 42%. Commercial transactions also contributed with 22% higher activity, while apartment and hotel transactions dragged at -57% and -16% respectively,” he said………………………………………..Full Article: Source

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Singapore: Private residential resales up in March

Posted on 11 April 2013 by Laxman  |  Email |Print

Resales of non-landed private residential properties rose from 326 in February to 609 in March, according to new data from the Singapore Real Estate Exchange. However, analysts said this could be a seasonal rebound after the quiet Chinese New Year period - which falls in February this year. March’s volume brings the total transaction volume in Q1 to 1,982, down from 3,271 in Q4 last year.
Average resale prices of properties in the core central region fell to $1,788 psf in March, from $1,824 psf in February. Outside central region, average resale prices dropped to $1,017 psf, from $1,048 psf………………………………………..Full Article: Source

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Europe, Asia Pacific and the Americas commercial real estate investment volumes to US$94 bln

Posted on 10 April 2013 by Laxman  |  Email |Print

Commercial real estate continues to rank high on the list of acquisitions for investors around the world as preliminary global real estate investment volumes in the first quarter of 2013 reached R838 billion (US$94 billion).
That’s according to Jones Lang LaSalle capital markets research from 60 countries. The real estate investment volumes in Q1 2013 represented an 8 percent increase over the same quarter in 2012. Improving confidence in the global economic recovery and a continued demand for direct real estate exposure continue to push volumes higher with Germany, Japan, and the United States all finishing the quarter strong………………………………………..Full Article: Source

CEE property volumes hit five-year high in Q1: CBRE

Posted on 10 April 2013 by Laxman  |  Email |Print

Central and Eastern Europe, including Russia, has seen the highest first-quarter real estate investment volumes in five years, CBRE reported. The total investment volume for the region reached €2.6 bn for the first three months of 2013. This is three times the level achieved during Q1 2012 and the highest first-quarter result since 2008, CBRE said.
The most active markets were Russia (€1.8 bn) and Poland (€400 mln), although the smaller economies within the CEE region have also seen an increase………………………………………..Full Article: Source

Housing market ‘at three-year high’, says RICS survey

Posted on 10 April 2013 by Laxman  |  Email |Print

Activity in the UK housing market has hit a three-year high, surveyors report, supporting hopes of a revival that would help the economic recovery. Chartered surveyors handled an average of 17.4 home sales over the last three months, according to the latest monthly survey by industry body RICS. That was the highest number reported since March 2010 and meant sales rates have been rising for three consecutive months.
Surveyors also said demand improved, as a net balance of 11pc reported rises in enquiries from new buyers, compared with those who reported a fall. This marked the strongest reading since October, after a subdued start to the year. Researchers speculated this could be due to the improving affordability of mortgages………………………………………..Full Article: Source

Baku real estate market prices fall by 0.8pct

Posted on 10 April 2013 by Laxman  |  Email |Print

In March the Baku real estate market observed a price decline by 0.8%. At that, the prices grew by 0.8% against early 2013 and by 3.27% versus the 2012 same term. MBA Group consulting company’s general director Nusret Ibrahimov says that in March prices on the primary housing market of Baku decreased by 0.87% from $992 up to $914 per sq m and by 4.82% against last year’s same term.
“Prices on the secondary housing market grew by 0.44% from $1,575 up to $1,582 per sq m. Prices increased by 4.91% against early 2013 and by 10.48% versus last March. Growth of prices was registered in March on the land market of Baku where they increased by 3.36% from $18,409 up to $19,026 per are,” Ibrahimov said………………………………………..Full Article: Source

U.K. housing market, retail sales pick up

Posted on 09 April 2013 by Laxman  |  Email |Print

Activity in the U.K.’s housing market and on the high street picked up in March despite unseasonably cold weather, surveys showed on Tuesday, giving the economic outlook a boost for the first quarter and suggesting the U.K. may avoid a triple-dip recession.
Real-estate activity increased in March, with the number of residential property sales rising to 17.4 per estate agency from 16.8 in February, the Royal Institution of Chartered Surveyors’ monthly house price survey showed. The number is the highest in three years………………………………………..Full Article: Source

IPD: Positive total return for Belgium property in 2012

Posted on 09 April 2013 by Laxman  |  Email |Print

The IPD Belgium Annual Property Index, released yesterday, showed that all sectors of Belgian investment property delivered a total return of 3.6% in 2012, a decrease compared with 4.6% in 2011. Inflation (CPI) was 2.1%. These results show that the property investment market is not safe from the macro-economic environment in Belgium.
Although the index showed lower performance this year against other major asset classes, with equities delivering the highest return at 38.6%, followed by property equities at 12.6% and bonds at 20.9% (JP Morgan 7-10 years); over a 5-year period, direct property still outperformed both equities and property equities………………………………………..Full Article: Source

New Zealand house prices increase at fastest pace since 2008

Posted on 09 April 2013 by Laxman  |  Email |Print

New Zealand house prices rose at the fastest pace since 2008 in March as the central bank warns that a housing boom would trigger interest rate increases.
Prices rose 6.5 from a year earlier, Quotable Value New Zealand, a government-owned property research company, said in an e-mailed statement. There hasn’t been a bigger increase since the 12 months ended February 2008………………………………………..Full Article: Source

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