Thu, Aug 28, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Category | Performance more

Rising real estate tide not lifting U.S. cities’ revenues

Posted on 05 April 2013 by Laxman  |  Email |Print

The real estate recovery has yet to lift the property tax revenues of many U.S. cities, a worrying sign for municipalities that rely on the taxes as their chief sources of income, according to a report released on Thursday.
In a survey of local economic conditions, the National League of Cities found that residential property vacancies and values are “still a problem” for more than half of U.S. cities. Officials in 65 percent of the cities consider commercial property vacancies a problem, and those in 57 percent say commercial property values are still a concern………………………………………..Full Article: Source

CEE region posts 5.6pct return in 2012: IPD

Posted on 04 April 2013 by Laxman  |  Email |Print

The IPD Central and Eastern European Annual Property Index delivered a positive total return on all property of 5.6% in 2012, albeit 2% lower than the total return for 2011.
In common with other European countries, income return was the key component of performance, returning 6.8% although somewhat below its long-term trend of 7.0%, while capital growth stood at -1.1% for 2012………………………………………..Full Article: Source

Czech Republic commercial property delivers a 4.7pct return

Posted on 04 April 2013 by Laxman  |  Email |Print

The IPD Czech Republic Annual Property Index, delivered a total return on Czech all property of 4.7% in 2012, 310 basis points lower than 2011.
Dr. Nassos Manginas, Managing Director of IPD DACH, said, “A reduction in capital growth by 0.9% was the primary driver of lower performance, however income return at 6.6% was also weaker in 2012 compared with the 3-year average trend of 6.9%pa………………………………………..Full Article: Source

Negative equity figures decreasing in the US housing market

Posted on 03 April 2013 by Laxman  |  Email |Print

The negative equity situation in the residential property market in the United States is improving as a new analysis shows around 200,000 more homes returned to a state of positive equity during the fourth quarter of 2012.
The data from analytics firm Core Logic reveals that the total number of properties that moved from negative to positive equity in 2012 was 1.7 million and the number of mortgaged residential properties was 38.1 million………………………………………..Full Article: Source

Residential growth drives US construction

Posted on 03 April 2013 by Laxman  |  Email |Print

Construction output in the US was up +7.9% in the 12 months to the end of February, according to data from the US Census Bureau. The rise to an annual output of US$ 885 billion was driven by a +19.2% rise in residential building, which stood at US$ 310 billion for the rolling 12 months to February.
In contrast to the sharp rise in residential construction, the non-residential sector was up just +2.6% compared to a year ago. There were strong rises in the lodging and office sectors, among others, but significant falls in construction linked to public safety, amusement and recreation and the sewage & waste disposal segments………………………………………..Full Article: Source

Italian property market records positive returns during H2 of 2012

Posted on 03 April 2013 by Laxman  |  Email |Print

IPD, a measurement group based in the United Kingdom, reports that commercial real estate in Italy delivered an overall return of only 0.5 per cent during the second half of 2012, marking a decrease of 1.3 per cent in comparison with the first six months of the year.
The total returns for 2012 stood at 1.8 per cent, and IPD believes that it is a positive outcome considering the crisis that currently engulfs the Eurozone………………………………………..Full Article: Source

South Africa: Record returns for SA property market

Posted on 03 April 2013 by Laxman  |  Email |Print

South Africa’s property market showed its highest return in 2012 since the 2008-09 global financial crisis, according to the SAPOA/IPD South Africa Annual Property Index released in Johannesburg last week. The index showed that the country’s property sector delivered a 15.2% total return last year, an increase on the 10.3% return in 2011.
“A real divergence in the market has occurred,” managing director of IPD South Africa, Stan Garrun, said in a statement. “We have seen a good turnaround for retail and industrial properties, [but] concern remains over the health of the office sector, as evidenced by high vacancies particularly in the inner cities………………………………………..Full Article: Source

Hong Kong tops global house price table

Posted on 03 April 2013 by Laxman  |  Email |Print

House prices around the world rose by an average of 4.3% in 2012 according to Knight Frank’s Global House Price Index as Europe lags many other regions
In the latest number crunching from Knight Frank’s international property division, it seems that Hong Kong recorded the largest price rise in 2012, while Greece had the largest fall. They also found that South America experienced the strongest growth, an increase of 8.4% on average, said Kate Everett- Allen from Knight Frank. ……………………………………….Full Article: Source

IPD: CEE region generates a positive performance in 2012

Posted on 02 April 2013 by Laxman  |  Email |Print

The IPD Central and Eastern European Annual Property Index, released yesterday, delivered a positive total return on all property of 5.6% in 2012, albeit 2% lower than the total return for 2011.
In common with other European countries that IPD has reported on thus far for 2012, income return was the key component of performance, returning 6.8% although somewhat below its long-term trend of 7.0%, while capital growth stood at -1.1% for 2012………………………………………..Full Article: Source

China’s home prices increase most in 26 months, SouFun says

Posted on 02 April 2013 by Laxman  |  Email |Print

China’s March new home prices posted the biggest gain in more than two years as buyers rushed into the market ahead of property curbs by local governments, driving real estate stocks higher.
Prices climbed for the 10th month, rising 1.1 percent to 9,998 yuan ($1,610) per square meter (10.76 square feet) from February, SouFun Holdings Ltd. (SFUN), the country’s biggest real estate website owner, said in a statement today after a survey of 100 cities. That’s the biggest increase since January 2011………………………………………..Full Article: Source

Singapore home prices gain at slowest pace in three quarters

Posted on 02 April 2013 by Laxman  |  Email |Print

Singapore home prices climbed at the slowest pace in three quarters after the government imposed more curbs such as higher stamp duties for housing transactions, a government report showed.
The island state’s private residential property price index rose 0.5 percent to a record 213.1 points in the three months ended March 31, easing from a 1.8 percent increase in the fourth quarter, according to preliminary estimates released by the Urban Redevelopment Authority . The advance was the smallest since the second quarter last year………………………………………..Full Article: Source

Pending sales of U.S. existing homes decline 0.4pct

Posted on 28 March 2013 by Laxman  |  Email |Print

Americans signed fewer contracts to buy previously owned homes in February, indicating a pause in momentum for an industry that is helping power the economy.
An index of pending home sales fell 0.4 percent to 104.8, the second-highest level since April 2010, after a revised 3.8 percent increase the prior month, the National Association of Realtors reported today in Washington. Contract signings, unadjusted for seasonal variations, increased 5 percent from February 2012………………………………………..Full Article: Source

China listed property firms’ 2012 profits jump 22pct

Posted on 28 March 2013 by Laxman  |  Email |Print

The combined net profits of 36 listed real estate companies to release complete financial reports was 29.9 billion yuan ($4.81 billion) in 2012, up 22% year on year.
Early last year, analysts and developers were conservative in their predictions for the year as housing curbs enacted by the government in January 2010 made it difficult to sell homes. Developers were also having a hard time buying plots of land due to inadequate cash flow………………………………………..Full Article: Source

Home prices: Biggest rise since housing bubble

Posted on 27 March 2013 by Laxman  |  Email |Print

Home prices continued their recovery, rising 8.1% in January, although a separate report showed a slight slowdown in new-home sales. The S&P Case-Shiller index, which tracks the 20 largest markets in the nation, showed the biggest year-over-year gain in prices since June 2006.
“This marks the highest increase since the housing bubble burst,” said David Blitzer, chairman of the index committee at S&P Dow Jones Indices………………………………………..Full Article: Source

New home sales took a tumble in February

Posted on 27 March 2013 by Laxman  |  Email |Print

Sales of new U.S. single-family homes fell more than expected in February after hefty gains the previous month, but steady gains in home prices suggested the housing market recovery remains intact. The Commerce Department said on Tuesday sales dropped 4.6 percent to a seasonally adjusted annual rate of 411,000 units. Last month’s decline followed a 13.1 percent jump in January.
Though January’s sales pace was revised down to 431,000 units, it was still the highest level since September 2008. Economists polled by Reuters had expected sales to fall to 422,000-unit rate last month. Compared with February 2012, sales were up 12.3 percent, indicating the housing market recovery was on course. Sales are being hampered by a lack of supply of homes on the market in some major parts of the country………………………………………..Full Article: Source

Irish house prices: In the year to February 2013 residential property prices fell by 2.6pct

Posted on 27 March 2013 by Laxman  |  Email |Print

Irish House Prices: In the year to February 2013, residential property prices at a national level, fell by 2.6%, according to the CSO. This compares with an annual rate of decline of 3.3% in January and a decline of 17.8% recorded in the twelve months to February 2012.
Residential property prices fell by 1.5% in the month of February. This compares with a decrease of 0.6% recorded in January and a decline of 2.2% recorded in February of last year………………………………………..Full Article: Source

Italian property fund index records a total return of -5.8pct

Posted on 27 March 2013 by Laxman  |  Email |Print

The IPD Italy Biannual Property Fund Index, released last week, recorded a total return of -5.8% in the 12 months to December 2012. The second half of 2012 delivered a lower return of -3.7% compared with a milder -2.2% in the 6 months to June 2012. The performance represents the second consecutive below-zero result and the lowest total return in the index series.
In comparison with other asset classes, Italian real estate closed-ended funds underperformed all investment alternatives in both halves of the year to December 2012. Equities recorded 13.3% and 11.7% (MSCI Italy) respectively; whilst real estate equities delivered 29.0% and 27.7% (Data Stream Italy Real Estate), and bonds were at 13.0% and 24.8% (JP Morgan GB Italy)………………………………………..Full Article: Source

Dubai Marina leads UAE property market

Posted on 27 March 2013 by Laxman  |  Email |Print

Dubai Marina is the most sought-after destination in the UAE, accounting for more property searches than any other area in the country. This is according to The Move Channel’s At a Glance report, which showed Dubai Marina accounted for 27.89% all property searches for the UAE over the last 12 months.
The Move Channel’s Editor Ivan Radford said: “The fact that some of the most popular resorts within the Emirate are still under construction is telling, with investors returning to the market regardless, drawn by the appeal of Dubai Marina and other luxury developments.” He added that Dubai remains “the clear favourite” place for property investments in the UAE, with the destination dominating Google searches………………………………………..Full Article: Source

Indian real estate market investment volume at $3.5 bln in 2012

Posted on 27 March 2013 by Laxman  |  Email |Print

India was ranked 20th among the top 20 real estate investment markets globally with investment volume of Rs 19,000 crore recorded in 2012. According to Cushman & Wakefield’s latest report, International Investment Atlas, China remained the largest global investment market overall thanks to the surge in land sales seen in late 2012. The US was placed in the second position, followed by the UK in third place.
The majority of the investment in India was through institutional sales (67 per cent), while the remaining was through private equity (PE) investments (33 per cent). The market witnessed institutional sales (excluding apartments) of Rs 12,800 crore, concentrated in commercial development sites and the office segment, including standalone and pre-leased office buildings………………………………………..Full Article: Source

India: National property index up by 3pct in Q3 of FY2013

Posted on 27 March 2013 by Laxman  |  Email |Print

Despite weak buyer sentiment, the National Property Index went up by over 3 per cent in the October-December quarter over the preceding three months last year, a survey has said. National Property Index ( NPI) is a weighted average of supply and prices across 11 cities.
Of the 11 cities in the apartment index, nine saw a marginal rise, while one recorded stable values and the other registered a small drop in the city index, leading property portal MagicBricks.com said in its report titled PropIndex………………………………………..Full Article: Source

Booming London property market helps house prices record strongest jump in three years

Posted on 26 March 2013 by Laxman  |  Email |Print

House prices recorded their strongest monthly jump in three years in March thanks to a booming London market, property analyst Hometrack said. The 0.3% rise was driven by a boost to London house prices, with concerns over the crisis in Cyprus and the eurozone likely to send more cash flowing into the English capital in the coming months, the study said.
The national increase in house prices this month marks the highest growth seen since March 2010. Prices soared by 0.7% month-on-month in London, showing the strongest uplift since February 2010………………………………………..Full Article: Source

South African property sector records positive returns amidst wider market turmoil

Posted on 26 March 2013 by Laxman  |  Email |Print

The South African property sector delivered an improved 15.2% total return in 2012, the highest return on property since pre-recession levels according to the SAPOA / IPD South Africa Property Index report.
The 15.2% total return represents a marked upturn over the 10.3% generated by the sector in 2011. Income return was relatively steady at 8.9%, while the uplift was provided by a 5.8% capital growth. Property, however, still underperformed against both equities at 20.6% (MSCI South Africa Equities) and bonds at 18.2% (JP Morgan 7-10 Year South Africa Government Bond Index). ……………………………………….Full Article: Source

India ranked 20 among global real estate market, says C&W

Posted on 26 March 2013 by Laxman  |  Email |Print

India ranked 20th among the top 20 real estate investment markets globally with investment volume of $ 3466 million recorded in 2012,” said Cushman & Wakefield in its latest report International Investment Atlas.
As per the report, majority of the investment in India were through institutional sales (67%) while remaining were through private equity (PE) investments (33%). The market witnessed institutional sales (excluding apartments) of Rs 12, 800 crore, concentrated in commercial development sites and office segment including stand-alone and pre-leased office buildings………………………………………..Full Article: Source

U.K. house prices rise most in three years on London surge

Posted on 25 March 2013 by Laxman  |  Email |Print

U.K. house prices rose the most in three years this month, led by a surge in London, as demand outstripped supply. Average values in England and Wales increased 0.3 percent, the biggest advance since March 2010, property researcher Hometrack Ltd. said. In London, prices jumped 0.7 percent, the most since February 2010.
The Bank of England’s Funding for Lending program has helped ease credit conditions, while plans announced by the government last week to assist prospective homebuyers will also support the market, Hometrack said………………………………………..Full Article: Source

U.S. home prices rise to 2009 levels

Posted on 22 March 2013 by Laxman  |  Email |Print

U.S. home prices rose a seasonally adjusted 0.6% for January, according to a Federal Housing Finance Agency House Price Index report [link opens a PDF] released today. After bumping up a revised 0.5% in December and 1.4% for Q4 2012 overall, this newest report reflects another solid month for the housing market.
In 2012, home prices jumped up 6.5% and are currently comparable to September 2004 and 2009 levels………………………………………..Full Article: Source

Ajman property deals up 50pct

Posted on 22 March 2013 by Laxman  |  Email |Print

Total value of property transactions in Ajman jumped by 50 per cent to Dh300 million in 2012 compared to 2011, signaling a recovery in the market. “The property market is witnessing a large interest from Gulf Cooperation Council investors and has been aided by recovery of the market in Dubai,” Yafea Eid Al Faraj, Executive-Director, Ajman Real Estate Regulatory Agency (Arra), said.
No details were given on number of buildings/apartments completed in 2012. Al Faraj, however, stated there was demand for ready residential buildings located in the centre of the city………………………………………..Full Article: Source

U.S. home building jumps to 5-year high as building permits climb

Posted on 20 March 2013 by Laxman  |  Email |Print

New U.S. home construction rose in February and building permits climbed to the highest level in almost five years, adding to signs of progress in the housing market that’s helping boost the economy.
Builders broke ground on 917,000 homes at an annual rate, up 0.8% from a revised 910,000 pace in January that was higher than initially estimated, the Commerce Department reported Tuesday in Washington. Building permits, a proxy for future construction, advanced 4.6% to 946,000, the strongest since June 2008………………………………………..Full Article: Source

China: NBS statistics-rising property prices

Posted on 20 March 2013 by Laxman  |  Email |Print

Latest statistics show that prices for new houses rose more steeply in more Chinese cities in February, putting the government in an increasingly complex situation of regulating the bubble-ridden market.
Of a statistical pool of 70 major Chinese cities monitored by the National Bureau of Statistics or NBS, 66 cities saw new house prices increase within 3.1 percent in February from a month earlier, while three saw prices remain unchanged and only one reported price falls. The figures indicate warming in the housing market since January, when 53 cities reported a growth margin of no more than 2.2 percent………………………………………..Full Article: Source

Second-hand home transactions hit historic lows

Posted on 20 March 2013 by Laxman  |  Email |Print

Home sales in the secondary market have plunged to historical lows, hit by increased mortgage rates and developers’ competitive pricing strategies on new developments that have lured home seekers away from the second-hand housing sector.
With buyers sidelined as they await clearer pricing signals, analysts and property agents believe demand will not pick up again until prices in the mid- to mass housing markets fall by 10 per cent or so, and by more in the luxury sector………………………………………..Full Article: Source

Homebuilder confidence in U.S. unexpectedly fell in March

Posted on 19 March 2013 by Laxman  |  Email |Print

Confidence among U.S. homebuilders unexpectedly fell for a second month in March, a sign the residential real-estate market will take time to strengthen.
The National Association of Home Builders/Wells Fargo index of builder confidence dropped by 2 points to 44 this month, due to a decrease in the measure of current sales, a report from the Washington-based group showed today. The median forecast in a Bloomberg survey called for a gain to 47. Readings below 50 mean more respondents said conditions were poor………………………………………..Full Article: Source

IPD: Investment in German property: safe haven or following the herd?

Posted on 19 March 2013 by Laxman  |  Email |Print

In February, the IPD German Monthly Open Ended Property Fund Index OFIX, for M2/2013, reported that open-ended funds for German real estate substantially outperformed the market, with an annual return of 2.3% against -0.2% for funds with a European focus, and -1.0% for those with a global focus.
Compared to February 2012, index volume decreased by €1.2 bln or 1.7%, primarily as a result of fund liquidations. 10 out of 22 OFIX funds have entered liquidation, and their fund volumes have decreased by €1.0 bln compared to last year………………………………………..Full Article: Source

China’s property market sizzles as toughest policies to take effect

Posted on 19 March 2013 by Laxman  |  Email |Print

New and second-hand home prices rose in February from January in 66 of China’s 70 largest cities, the National Bureau of Statistics said. The strongest gains were seen in the top four cities, where Beijing and Guangzhou both recorded a 3.1% month on month increase in new home prices in February, Shanghai 2.3% and Shenzhen 2.2%.
The month on month price increases in second-hand homes were weaker than those in new homes. The prices of the second-hand homes in Beijing averaged 1.7% higher in February than January, the fastest in all 70 cities, according to the bureau………………………………………..Full Article: Source

Hong Kong still world’s hottest market

Posted on 19 March 2013 by Laxman  |  Email |Print

Government measures implemented to slow soaring home prices in Hong Kong didn’t work in 2012. Home values rose 23.6 percent for the year, the largest increase in the world, according to the Knight Frank Global House Index.
“With supply lagging, demand from mainland Chinese investors keen to get their slice of Hong Kong’s real estate prices, has surged,” the property firm reports………………………………………..Full Article: Source

Current housing upswing the weakest since 1987: ANZ

Posted on 18 March 2013 by Laxman  |  Email |Print

The current housing market recovery is the weakest cyclical upswing since the late 1980s, according to ANZ. The following chart, prepared by ANZ in its March quarter research report, compares the current upswing in house prices (which began in February last year) with four other cyclical upswings.
The previous housing market upswing between February 2009 and February 2010 was both the most rapid and shortest-lived, following on from 425 basis points cut from the cash rate between September 2008 and April 2009 as the RBA took drastic steps to keep credit markets flowing in the wake of the GFC………………………………………..Full Article: Source

Dublin house prices expected to rise but repossessions hike expected in buy-to-let market

Posted on 15 March 2013 by Laxman  |  Email |Print

The housing market has stabilised and prices are likely to rise in Dublin, a new report has predicted. But there is a risk to the market from banks repossessing buy-to-let properties and releasing hundreds of them for sale, NCB Stockbrokers said in a new report.
Steep fall in prices of recent years began to be arrested, the report found, referring to the latest Central Statistics Office information showing that prices had their slowest rate of decline since March 2008. NCB said excess supply in many areas, in particular the North and West of the country, means that Dublin and its surrounding counties should continue to outperform other areas…………………………………Full Article: Source

Global property deals seen back above $1 trillion in 2013

Posted on 14 March 2013 by Laxman  |  Email |Print

Global property deals could exceed $1 trillion (669.88 billion pounds) this year for the first time since 2007, helped by growing confidence in North America and Asia and a greater appetite among sovereign wealth funds for real estate, a report said.
Property consultant Cushman & Wakefield said it sees global investment volumes rising 14 percent in 2013, after increasing to $929 billion in 2012. This would be the highest level since the year before the 2008 financial crisis when investors ploughed $1.25 trillion into property deals………………………………….Full Article: Source

Poland to see EUR1bln of property deals in H1: Savills

Posted on 14 March 2013 by Laxman  |  Email |Print

Polish real estate investment volumes will reach €1 bn in the first half of 2013, property adviser Savills has predicted. According to research published by Savills at MIPIM, an active fourth quarter in 2012 resulted in Poland’s highest annual investment volume since 2006 at €2.7 bn, representing 8% year-on-year growth.
With activity expected across all property sectors, the adviser forecasts €1 bn will be transacted in the Polish commercial property market during the first half of 2013………………………………….Full Article: Source

Fund returns weaken in 2012: IPD

Posted on 13 March 2013 by Laxman  |  Email |Print

Pan-European property funds posted a negative return of 2% over the final quarter of 2012 as the eurozone crisis continued to take its toll, IPD said. The negative quarterly performance was the third in a row as returns continued to be dragged down by value declines in the direct real estate market as a result of the eurozone crisis.
The IPD index is based on the full universe of pan-European open-ended funds that are appraised quarterly according to IFRS standards………………………………………..Full Article: Source

Bangalore residential market to grow by 4-6pct: ICRA

Posted on 13 March 2013 by Laxman  |  Email |Print

Real estate market in Bangalore is expected to grow at 4-6 per cent annually till FY15 amid demand from new migrants as well as investors and continued expansion plans of many large IT, engineering and manufacturing companies based in the city, says a report. “The city’s residential demand is mainly led by growth and performance of the IT/ITeS sector,” rating agency ICRA said in a report.
Bangalore is currently contributing to 33 per cent of India’s IT exports and home to over 8 lakh IT/ITeS professionals, which accounts for about 55 per cent of the total demand of the organised real estate market, it said………………………………………..Full Article: Source

NZ house prices rise 7.6pct in February

Posted on 13 March 2013 by Laxman  |  Email |Print

New Zealand house prices rose in February, edging back toward the record high set in December and highlighting the heating property market that’s likely to be concerning the central bank. The national median house price rose 7.6 percent in February to $382,000, still below the record $389,000 set in December, according to the Real Estate Institute. The median price for Canterbury/Westland rose 3.2 percent to a record $355,000.
The Reserve Bank is seeking feedback on proposals to introduce macro-prudential tools such as limits on loan-to-value ratios that would allow it to target pockets of heat without stifling the whole economy. Economists say governor Graeme Wheeler may give more detail of his thoughts and single out the housing market in his monetary policy statement on Thursday. (Press Release)

UK house sales hit two-and-a-half year high, Rics survey shows

Posted on 12 March 2013 by Laxman  |  Email |Print

Royal Institution of Chartered Surveyors finds increased availability of cheaper home loans led to pickup in February. Property transactions in the UK reached their highest level in two and a half years as house buyers took advantage of record low interest rates, according to a survey of estate agents.
The monthly market survey from the Royal Institution of Chartered Surveyors (Rics) found that the increased availability of cheaper home loans as a result of the Bank of England’s funding for lending scheme (FLS) had led to a pickup in transactions………………………………………..Full Article: Source

UK housing market shows sales lift, says Rics

Posted on 12 March 2013 by Laxman  |  Email |Print

UK house sales hit their highest level in more than two-and-a-half years in February, but the figures do not signal a housing boom, surveyors say.The Royal Institution of Chartered Surveyors (Rics) said nearly 17 homes were sold per surveyor in the three months to February.
The rise in sales was set to continue, Rics said, even though inquiries from potential buyers had failed to pick up since January’s cold snap. Prices were also relatively unchanged………………………………………..Full Article: Source

Indonesia, Thailand emerge top luxury residential markets in 2012

Posted on 12 March 2013 by Laxman  |  Email |Print

Luxury residential markets in the cities of Jakarta and Bali, Indonesia had been touted as growth markets in 2012, Knight Frank’s Prime International Residential Index (PIRI) indicated. Indonesia’s GDP growth that corresponded with the income of the middle class contributed to the 38% growth in the luxury residential market in Jakarta. Bali, a favourite tourist destination, also saw a 20% growth.
This positive spike in the residential luxury market in Indonesia could sustained if non-residents and foreigners could be given the chance to own property in the country, Knight Frank’s report said………………………………………..Full Article: Source

Indonesian property prospect shines like gold

Posted on 12 March 2013 by Laxman  |  Email |Print

January’s slew of issuances from Chinese property developers belies the fact that Asia boasts a number of other real estate markets with favourable growth prospects. Indonesia, in particular, has excited analysts and investors alike. In the third quarter of 2012, the economy expanded 6.2% year-on-year, prompting Barclays in December 2012 to revise upward its GDP forecast for the year as a whole to 6.2%.
Nominal income growth exceeded 16% YOY in June 2012 and served as a strong conduit for consumer spending growth, which expanded 5.7% YOY - contributing 3.1% to overall growth. Per capita income nears US$4,000 in the beginning of 2013 and has exceeded US$11,000 in the capital Jakarta………………………………………..Full Article: Source

IPD: Positive total returns for Norwegian real estate continue

Posted on 11 March 2013 by Laxman  |  Email |Print

The IPD Norway Annual Property Index released on Wednesday, showed that Norwegian commercial property delivered a total return of 4.7% in 2012. This compares with a 7.3% return for 2011.
Bolstered by higher risk appetite among investors in 2012, direct property under-performed equities, which delivered a total return of 11.6% (MSCI Norway), but performed better than the 4.0% total return from bonds (ST5X Oslo Stock Exchange)………………………………………..Full Article: Source

China’s property investment up 22.8 pct in Jan-Feb

Posted on 11 March 2013 by Laxman  |  Email |Print

Investment in China’s property sector rose 22.8 percent year on year to 667 billion yuan (106.2 billion U.S. dollars) in the first two months, the National Bureau of Statistics (NBS) announced Saturday.
The growth rate was 5 percentage points lower than the same period last year, but up 6.6 percentage points from the pace for all of 2012, the NBS said in a statement on its website. In the first two months, investment in residential housing registered an increase of 23.4 percent from the same period last year, up 12 percentage points from the pace of 2012………………………………………..Full Article: Source

U.S. commercial-property prices seen rising near peak

Posted on 08 March 2013 by Laxman  |  Email |Print

Prices for U.S. commercial property are expected to climb in the next six months, extending a rebound that has sent values close to levels reached at the market’s peak in 2007, according to Green Street Advisors Inc.
There is an 80 percent likelihood that commercial real estate prices will rise over the next six months, the Newport Beach, California-based research firm said………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

US property market recovery well underway with 6.1pct annual growth

Posted on 08 March 2013 by Laxman  |  Email |Print

Residential property prices in the United States were up 6.1% on an annual basis last month, according to the latest Home Data Index from real estate valuer Clear Capital. The statistics also show that quarterly price trends at the national and regional level were moderately improved over the typically slow winter season although 11 of 15 of the lowest performing major metro markets saw quarterly price trends in February give way to minor losses.
‘While February’s yearly growth of 6.1% is encouraging, let’s keep in mind this rate of growth is measured against the market’s bottom, which we reported in our March 2012 Market Report,’ said Alex Villacorta, director of research and analytics at Clear Capital………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

UK: Signs of property market improvement as house prices see biggest quarterly rise in 2 years

Posted on 08 March 2013 by Laxman  |  Email |Print

House prices rose by 0.5 per cent in February, which means they are up by 1.9 per cent in the last three months compared to the same period 12 months ago - their biggest year-on-year growth since September 2010, Halifax reported.
The average house price moved up to £163,600, though that remains 3 per cent below the last peak of £168,593 in April 2010 - and 18 per cent below the all-time high on the Halifax measure of £199,612 in August 2007. The lender also said it expects to see a national increase in prices over the course of 2013………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Over $870 bln of commercial real estate traded in 2012

Posted on 08 March 2013 by Laxman  |  Email |Print

Real Capital Analytics’ (RCA) recently released 2012 Global Capital Trends Year In Review highlighted robustness in global transaction volumes during 2012. While, in Europe and the Americas, the fourth quarter is typically stronger as investors look to complete transactions by year end, Q4 2012 was unusually strong leading to over $870 billion being recorded for the full year.
“Q1 2012 started off weak with various global economic concerns playing on investor minds, but by year end we have seen the highest quarterly investment levels since 2007,” said Simon Mallinson, Executive Managing Director, EMEA. “The pending deal pipeline for early 2013 is also looking positive for the year ahead.” (Press Release)

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031