Mon, Sep 1, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Category | Performance more

Posh London homes now worth more than all Scotland

Posted on 08 February 2013 by Laxman  |  Email |Print

Houses in London’s 10 most expensive boroughs are now worth as much as the property markets of Wales, Scotland and Northern Ireland combined, underlining the extent of Britain’s growing wealth divide.
London houses have traditionally fetched higher prices than those elsewhere in the country. However, the financial crisis has triggered a rapid polarization of the market, with property values falling in every region of the U.K. other than the capital………………………………………..Full Article: Source

U.K: Halifax says signs of life in housing market

Posted on 07 February 2013 by Laxman  |  Email |Print

UK house prices registered their first annual rise since October 2010, rising by 1.3% in January compared with a year earlier, a lender has said. But the Halifax, now part of Lloyds Banking Group, also said that property values were 0.2% down on December.
The “signs of improvement” in the market, which started in late 2012, continued into the new year, the lender said. But it added that the outlook for prices was unclear………………………………………..Full Article: Source

Spanish home prices stop dropping for first time in 3 years

Posted on 07 February 2013 by Laxman  |  Email |Print

Existing home prices in Spain were little changed in January, the first month without a decline in three years, according to Fotocasa.es and IESE Business School.
The average asking price was 1,890 euros ($2,550) a square meter compared with 1,891 euros in December, Fotocasa, a Spanish real estate website, said in a survey published today. The annual decline was 9.9 percent. Homes in Madrid, Spain’s capital and financial center, rose in January 0.3 percent to 2,965 euros a square meter, 57 percent more than the national mean………………………………………..Full Article: Source

India: Home sales could rebound in 2013 helped by quicker approvals and lower finance cost

Posted on 07 February 2013 by Laxman  |  Email |Print

Home sales in India could rebound in 2013, helped by quicker project approvals and lower cost of finance, according to analysts. “Residential markets have entered CY13 on an encouraging note, with robust offtake seen in new launches across markets over the last three months,” global financial services group JP Morgan said in its January report. “We expect volumes in residential markets to improve over the next 12 months on pick-up in pace of new launches coupled with price discounting and mortgage rate cuts.”
According to CRISIL Research, absorption of new residential units across six key cities - Mumbai, the National Capital Region, Pune, Bangalore, Chennai and Hyderabad - is expected to increase at a compound annual growth rate (CAGR) of 7% to 251 million sq ft in the next two years……………………………………….Full Article: Source

Home prices post biggest gain in 6 years

Posted on 06 February 2013 by Laxman  |  Email |Print

Home prices rose 8.3 percent in December from a year earlier, the biggest gain since May 2006, according to CoreLogic. All but four states — Pennsylvania, New Jersey, Illinois and Delaware — posted increases. Prices rose 0.4 percent in December from November, the 10th consecutive monthly advance.
Excluding foreclosures and short sales, which sell at deep discounts to market prices, home prices were up 7.5 percent on a year-over-year basis and 0.9 percent month-over-month………………………………………..Full Article: Source

UK construction slows again in January

Posted on 05 February 2013 by Laxman  |  Email |Print

Construction PMI for January was 48.7 – the third consecutive monthly fall for the industry. Building work slowed down in January across the UK, raising fears that the fragile construction industry will drag down economic growth again this year.
The latest snapshot of the construction sector showed output continued to fall at the fastest rate since last June. The Markit/CIPS purchasing managers’ index for the sector held at the 48.7 level recorded in December. The reading – which remains below the 50 mark that indicates no change in output – fell short of economists’ forecasts of 49.1…………………………………..Full Article: Source

Hong Kong home sales spike as locals jump in to buy

Posted on 05 February 2013 by Laxman  |  Email |Print

Residential rally expected to continue but secondary market could slow as developers step up marketing of new home projects. Home sales rebounded sharply last month, driven by local buyers unaffected by the government’s new stamp duty provisions targeting overseas and corporate investors.
Fuelled by excess liquidity and low interest rates, agents say the sales momentum will extend to next month as residential transactions continue to grow. The number of residential transactions jumped 65.2 per cent to 5,430 from December, while the total value of deals surged 66.3 per cent to HK$28.5 billon, data released by the Land Registry on Monday showed…………………………………..Full Article: Source

Top 50 GCC real estate companies

Posted on 04 February 2013 by Laxman  |  Email |Print

The UAE may be home to the Burj Khalifa – the world’s tallest tower – and have an array of outlandish projects planned in the coming years, such as an underwater hotel and a Taj Mahal replica, but lesser-known neighbour Qatar dominates the list of the biggest real estate firms in the Gulf, an Arabian Business report found.
Qatar, which is already planning to spend up to US$100bn on infrastructure projects over the next decade in the run up to hosting the FIFA World Cup in 2022, tops the list as the home to the biggest real estate company across the Gulf……………………………………..Full Article: Source

Taipei property sales rise 14 pct

Posted on 04 February 2013 by Laxman  |  Email |Print

Property transactions hit a six-month high in Taipei last month, rising 14 percent from December last year, as improving market transparency lifted cautious sentiment, real- estate analysts said.
A total of 3,769 residential and commercial properties changed hands in the capital last month, compared with 3,304 in December, statistics released by the Taipei City Government on Friday showed. The city government’s data brought a timely relief to the housing market……………………………………..Full Article: Source

Sydney homes for sale plunge to 3-year low as demand recovers

Posted on 04 February 2013 by Laxman  |  Email |Print

Sydney home sale listings plunged 13 percent in January from a year earlier to the lowest level in three years as interest rate cuts spur property purchases, according to SQM Research Pty.
Homes offered for sale online dropped to 23,467 in Sydney, the lowest level of January listings since 2010, the research group said in an e-mailed statement. Across Australia, property listings declined 2.9 percent from a year earlier to 335,429, the Sydney-based company said……………………………………..Full Article: Source

Euro zone property prices fall 2.5 pct in 3rd qtr, yr/yr

Posted on 01 February 2013 by Laxman  |  Email |Print

Residential property prices in Ireland have tumbled by 50 percent since their peak in late 2007, while Spain’s real estate values have fallen by almost a third, the EU’s statistics office Eurostat said on Thursday.
The data, which has been released by Eurostat for the first time, shows the extent of the property crash that followed the global financial crisis from 2008 and propelled the euro zone into its own debt crisis that nearly broke up the currency area………………………………………..Full Article: Source

UK: Property returns down by two thirds as low economic confidence drags down values

Posted on 01 February 2013 by Laxman  |  Email |Print

UK commercial property total returns fell to 2.7% in 2012 (7.8% in 2011), dragged down by falling capital values across the regions. Values fell by 3.1% for the year, while income returns held up at 6%, according to the IPD UK Quarterly Property Index. Negative valuer sentiment drove the fall in values, as UK property underwent its most challenging year since the downturn and the economy slipped briefly back into recession.
Steady income returns will bring some relief to investors, who have maintained cash flows despite muted occupier demand (rents remained flat for the year). Income continues to make property an attractive investment medium for investors, amidst the volatility of equities and low yields off gilts………………………………………..Full Article: Source

Dutch property prices in five-year freefall

Posted on 01 February 2013 by Laxman  |  Email |Print

Property investors who bought in the Dutch market have been hit with prices that have dropped for five straight years – and the decrease is accelerating, according to figures. Average house prices fell by 11.4% in real terms last year to make it the biggest drop in values for five years.
The figure comes from the Dutch Association of Real Estate Agents (NVM) which adds that the future is bleak for investors and warns that property prices will inevitably fall again in 2013………………………………………..Full Article: Source

Greece property investment no longer a safe bet

Posted on 01 February 2013 by Laxman  |  Email |Print

Before the economic crisis brought Greece to its knees, investing in real estate was always seen as the safest bet. Now, instead, the situation has been turned on its head and buying property has become unprofitable.
According to several local economic analysts, the first reason concerns the government’s chronic inability to fight tax evasion. As many of them point out, over the past few years every failed attempt by the government to crack down on tax evaders invariably led to an increase in real estate taxes. ……………………………………….Full Article: Source

Beijing’s housing market surges in January

Posted on 01 February 2013 by Laxman  |  Email |Print

Some 11,156 homes were sold in the capital from the beginning of the year to January 28, a 570 percent increase compared to the same period in 2012, a property agency says.
Nearly 400 units were sold on average every day from January 22 to 28, HomeLink said, despite the fact that the beginning of the year was usually slow. The average housing price was 23,259 yuan per square meter on January 28………………………………………..Full Article: Source

Million-dollar California home sales reach five-year high

Posted on 31 January 2013 by Laxman  |  Email |Print

The number of California homes that sold for at least $1 million reached a five-year high in 2012, fueled by a recovering economy and a record number of cash purchases, DataQuick said.
A total of 26,993 homes sold for at least $1 million last year, up 27 percent from 21,267 in 2011, the San Diego-based data provider said in a statement. It was the most since 2007, when 42,502 homes crossed the threshold, DataQuick said………………………………………..Full Article: Source

Housing prices in Bulgaria dropped one to 3 pct in 2012

Posted on 31 January 2013 by Laxman  |  Email |Print

Prices of residential property decreased by one to three per cent in 2012, public broadcaster Bulgarian National Television said on January 30 2013, quoting what it described as a major player in the Bulgarian property market. According to the company, housing transactions in the past 12 months grew by about 10 per cent. The annual turnover of the housing market in the country is 3.5 billion leva.
In 2014, prices of housing will not fall further, but could even slightly increase, analysts said, according to the report. Buyers increasingly were interested in factors such as electricity costs, heating and energy efficiency, the report said………………………………………..Full Article: Source

Singapore office rents to rebound as supply growth abates

Posted on 31 January 2013 by Laxman  |  Email |Print

Singapore’s office rents are set to rebound from their first annual decline in three years as new supply shrinks and more businesses expand, according to the biggest office property trust in Asia outside of Japan.
Rents in the city are reaching a trough and demand may rise as the country positions itself as a regional business hub, said Lynette Leong, chief executive officer of CapitaCommercial Trust (CCT), Supply for the next three years will be about 0.8 million square feet a year, down from 1.3 million square feet over the past two decades, she said………………………………………..Full Article: Source

New home sales up 6.2pct in December, says Housing Industry Association

Posted on 31 January 2013 by Laxman  |  Email |Print

Evidence of recovery in the housing industry emerged today as new home sales jumped in December, a month when property markets are normally subdued. New home sales rose 6.2 per cent in the month, capping off a 3.3 per cent rise in the fourth quarter from the previous three months, data published by the Housing Industry Association showed.
The rise will encourage perceptions that new home building is ready for recovery, the rebound timed well to bolster the economy as mining investment fades in 2013.The Reserve Bank of Australia is betting that as mining investment cools, other areas of the economy such as housing will step up to fill the void in growth………………………………………..Full Article: Source

Residential property market to outperform bonds and cash for first time in five years: Oliver

Posted on 31 January 2013 by Laxman  |  Email |Print

The residential property market appears to have bottomed out and is set for a “mild cyclical recovery” over the next 12 months” says AMP Capital Investors chief economist Shane Oliver. Oliver anticipates only short-term gains in property prices in the range of 5% to 7% over this period as “buyers remain cautious about taking on excessive debt, particularly as job insecurity remains high”.
But he expects the property market to outperform both the bond market and what’s available through cash deposits - a reverse of the performance of these markets over the past five years………………………………………..Full Article: Source

Housing markets will probably never return to pre-crisis levels: Case-Shiller Chair Blitzer

Posted on 30 January 2013 by Laxman  |  Email |Print

Excitement over the emergence of a housing market recovery has led to initial exuberance, at least when it comes to media reports and the rapidly rising stock prices of homebuilders. Market participants should take a more cautious approach and acknowledge that the 2006-2007 state of the housing market was unsustainable, Case-Shiller index chairman David Blitzer says, adding “we aren’t going back there for a long time, maybe never.”
Blitzer noted that a big foreclosure backlog and an elevated number of underwater mortgages still plague the residential real estate market, which will slowly continue to crawl back to normality over the next few years………………………………………..Full Article: Source

U.S: Average home prices rose 5.5pct the past 12 months

Posted on 30 January 2013 by Laxman  |  Email |Print

Home prices rose 5.5% in the 12 months through November, providing more evidence of a recovering housing market, a closely-followed report showed Tuesday. The Standard & Poor’s Case-Shiller index of 20 major cities showed prices rising in 19 of the 20 cities for the 12-month period. Prices fell only in New York — by 1.2%.
Compared with October, the index showed a 0.1% decline. “Housing is clearly recovering,” said David Blitzer, chairman of the home price index committee………………………………………..Full Article: Source

U.K: House prices see 2012 pick-up, says Land Registry

Posted on 30 January 2013 by Laxman  |  Email |Print

House prices in England and Wales rose by 1.7% in 2012 - the fastest rate for more than two years, the Land Registry has said. The average price of a property rose by 0.8% in December compared with the previous month, bringing the average price to £162,080.
The rise during 2012 was driven by property values in London. The figures suggested prices overall were increasing, unlike data recorded in other recent surveys………………………………………..Full Article: Source

Last year saw strong growth for German commercial real estate markets

Posted on 30 January 2013 by Laxman  |  Email |Print

The German commercial real estate market recorded the highest volume of investment transactions for the past five years at €25.31 billion in 2012, according to international real estate advisor Savills. This marks an 8.5% increase compared to an already strong 2011 and the firm attributes this largely to rising levels of foreign investment.
International buyers accounted for 46% of the total investment volume in Germany in 2012, up from 31% in 2011, while investors from continental Europe were by far the most active, investing approximately €5.7 billion………………………………………..Full Article: Source

China’s home prices may rise further in 2013

Posted on 30 January 2013 by Laxman  |  Email |Print

China’s property prices will continue to rise in 2013, driven by less supply, faster urbanization and the improved economy, analysts said. Housing inventories this year will be lower than in 2012, due to a slide in new construction area since the third quarter of 2011, data from a report by Reico showed on Tuesday.
Reico is a research institution affiliated with the China Real Estate Chamber of Commerce. “The country’s property prices will pick up steadily this year, but a strong rebound across the country is not likely given the continuing rigorous measures,” said the report………………………………………..Full Article: Source

Pending sales of existing homes in U.S. decreased 4.3pct

Posted on 29 January 2013 by Laxman  |  Email |Print

Pending U.S. home sales declined in December for the first time since August, showing uneven progress in the housing market. The index of contracts for the purchase of previously owned homes fell 4.3 percent to 101.7 after a revised 1.6 percent increase, the National Association of Realtors reported today in Washington.
The median forecast in a Bloomberg survey projected no change in the gauge. Compared with a year earlier, pending sales before seasonal adjustment climbed 4.9 percent………………………………………..Full Article: Source

U.K: House prices flat in January but agents more upbeat about gains this year as lending scheme kicks in

Posted on 29 January 2013 by Laxman  |  Email |Print

A large majority of estate agents were upbeat about the outlook of the property market thanks to a better mortgage situation, a survey has found. Property website Hometrack said 79 per cent of estate agents were more optimistic about the housing market the coming year than they were 12 months ago as they believed the number of sales will pick up fro current levels.
The study, which asked around 6,000 estate agents and surveyors about achievable selling prices in their area, found that house prices were flat month-on-month across England and Wales in January following six months of falls………………………………………..Full Article: Source

China underestimated house price growth in Beijing, Shanghai

Posted on 29 January 2013 by Laxman  |  Email |Print

It’s clear Chinese property prices skyrocketed over the past decade. But for some key cities, they may have risen even faster than the Chinese’s government’s most liberal estimates.
That’s the conclusion of economists Yongheng Deng, Joseph Gyourko and Jing Wu in a National Bureau of Economic Research working paper that analyzes Chinese housing and land prices………………………………………..Full Article: Source

Global RE direct investment to double to $1 tln by 2030

Posted on 28 January 2013 by Laxman  |  Email |Print

Global direct commercial real estate investment will double to $1 tln (€744 bn) per annum by 2030, Jones Lang LaSalle says in a new report. Investors are responding to shifting economic conditions by funnelling more capital into commercial property, particularly in Asia, the report said. In 2012 global real estate investment volumes totalled nearly $450 bn.
‘Capital growth ambitions that dictated many investment decisions before the financial crisis have given way to a global hunt for secure income streams in a low-interest-rate environment,’ said Colin Dyer, President and CEO of Jones Lang LaSalle………………………………………..Full Article: Source

Six housing forecasters who got things right in 2012

Posted on 28 January 2013 by Laxman  |  Email |Print

While it’s been a perennial rite of spring for some economists to predict that housing markets would hit bottom, very few at the beginning of 2012 foresaw the housing rebound that many U.S. housing markets experienced last year.
A few analysts, of course, did offer housing forecasts at the beginning of the past year that turned out to be largely correct. What’s more: some of these analysts had also accurately forecast the housing sector’s slowdown as the market neared its peak in 2005 and 2006………………………………………..Full Article: Source

U.K. house prices stagnated in January as demand dropped

Posted on 28 January 2013 by Laxman  |  Email |Print

U.K. house prices stagnated in January and the number of new buyers looking for homes fell as concern over the euro-area debt crisis and the impact of the government’s fiscal squeeze hit demand, Hometrack Ltd. said.
Prices in England and Wales were unchanged from December, after declining for the previous six months, the property researcher said in a statement today. The number of new buyers registering with agents fell 9.9 percent from a month earlier, while the number of properties listed for sale fell 6.8 percent………………………………………..Full Article: Source

Massachusetts housing market ‘turned the corner’ last year

Posted on 25 January 2013 by Laxman  |  Email |Print

Single-family home sales in the Bay State climbed 18 percent in 2012, marking 12 consecutive months of year-over-year sales gains and the best year on record since 2006, according to industry tracker The Warren Group.
In all of last year, home sales statewide rose to 46,887 compared to 39,594 in 2011. Single-family home sales in Massachusetts also rose 8 percent to 3,688 last month, up from 3,410 in December 2011. In 2006, there were 50,724 sales, The Warren Group said………………………………………..Full Article: Source

Canadian commercial real estate market performs despite turbulent international backdrop

Posted on 25 January 2013 by Laxman  |  Email |Print

Annual investment capital flow into the Canadian real estate sector is predicted to be close to CDN$30 Billion in 2013. This is a slight dip from the previous cyclical high of CDN$32.1 Billion in 2007, but above the long term average of CDN$19.3 Billion. Solid fundamentals will continue to characterize Canada’s real estate market despite a turbulent backdrop of uncertainty in international economies and financial markets.
“We anticipate strong interest in Canadian real estate from a broad cross section of investors in 2013, with the REIT sector dominating transactions,” said Keith Reading, Director of Research at Morguard. “Canadian property values will remain at the peak, given access to low cost capital and attractive yields.” (Press Release)

CBRE: Improved economic sentiment in 2013 to set stage for real estate recovery in 2014

Posted on 25 January 2013 by Laxman  |  Email |Print

A gradual recovery in economic performance and business confidence this year will set the European real estate market up for a stronger recovery in 2014, according to global real estate advisor, CBRE.
European property markets faced a difficult economic environment in 2012, with heightened fears of a euro break up in the first half and output flat or falling across almost all the continent by the year end. 2013 has started more positively, with the threat of euro disintegration receding, together with encouraging news from China and the US, underpinning some signs of improvement in market sentiment and business confidence……………………………………….Full Article: Source

U.S. home prices rose 5.6pct in 12 months through November

Posted on 24 January 2013 by Laxman  |  Email |Print

U.S. home prices climbed 5.6 percent in the 12 months through November as buyers competed for a dwindling inventory of properties, according to the Federal Housing Finance Agency.
Prices rose 0.6 percent from October on a seasonally adjusted basis, the FHFA said today in a report from Washington. The average estimate of 15 economists in a Bloomberg survey was for a 0.7 percent advance. The index is 15 percent below its April 2007 peak and about the same as the August 2004 level………………………………………..Full Article: Source

Trulia housing barometer: Housing market 52pct back to normal

Posted on 24 January 2013 by Laxman  |  Email |Print

Construction starts leaped to a 54-month high in December. Starts were at a 954,000 annualized rate, up 12% month-over-month and up 37% year-over-year. That’s the highest level since June 2008. Looking at all of 2012, starts were up 28% compared with 2011, led by construction in Texas and the Carolinas and by a rebound in multi-unit building construction. Construction starts are now 47% of the way back to normal.
Existing home sales slipped slightly in December. Sales dropped 1% to 4.94 million — still the second-highest level since November 2009. That puts sales 68% back to normal. Year-over-year, sales were up 13%………………………………………..Full Article: Source

U.K: Property sales hit five-year high

Posted on 24 January 2013 by Laxman  |  Email |Print

UK house sales increased last year to the highest levels seen since 2007, according to figures published by HM Revenue & Customs. Lenders hailed the figures as evidence that the “shutters are coming up” for mortgage borrowers.
There were 932,000 completed transactions last year, marking a 5pc increase on 2011, according to HMRC. Meanwhile, the Council of Mortgage Lenders (CML) outlined evidence of why it believes the mortgage market is improving………………………………………..Full Article: Source

Housing recovery gained pace in 2012

Posted on 23 January 2013 by Laxman  |  Email |Print

U.S. existing-home sales last year rose to their highest annual level in five years and registered their largest annual jump since 2004, the latest sign that more housing markets hit bottom last year amid ultralow interest rates and strong investor demand.
The National Association of Realtors reported Tuesday that an estimated 4.65 million previously owned homes were sold in 2012, up 9.2% from 2011. Total home sales were higher than in any year since 2007, when 5.04 million homes were sold; at the time, that was the lowest annual tally since 1998………………………………………..Full Article: Source

Existing home sales decline as U.S. supply dwindles

Posted on 23 January 2013 by Laxman  |  Email |Print

Sales of U.S. existing homes unexpectedly fell in December as supply shrank, underscoring the hurdles for an industry seeking to strengthen its recovery even as it completed its best year since 2007.
Purchases fell 1 percent to a 4.94 million annual rate last month, figures from the National Association of Realtors showed today in Washington. The reading was still the second-highest since November 2009. The median forecast of 79 economists surveyed by Bloomberg called for a gain to a 5.1 million rate………………………………………..Full Article: Source

Home prices climbed at their fastest rate since August 2006

Posted on 23 January 2013 by Laxman  |  Email |Print

National home prices were up 5.9 percent year-over-year in 2012, according to Zillow’s latest real estate market report. This was the largest annual gain since August 2006, and home prices were up for four straight quarters.
Meanwhile, the Zillow Home Value Index rose to $157,400 in the fourth quarter. “We expected 2012 to be a good year for housing, and it delivered in spades. Strong demand paired with limited inventory in many markets helped fuel a robust and often rapid recovery in overall home values, good news for homeowners after years of poor performance,” said Zillow Chief Economist Stan Humphries in a press release………………………………………..Full Article: Source

Manhattan commercial-property deals reached record in ’12

Posted on 23 January 2013 by Laxman  |  Email |Print

Manhattan had a record number of commercial real estate sales last year as landlords rushed to complete deals before an expected tax increase, according to Massey Knakal Realty Services.
Transactions totaled 1,148 for the area south of 96th Street on the east side and below 110th Street on the west side, the New York-based brokerage said in a report today. That represents about 4.2 percent of the area’s properties, the most since Massey Knakal began keeping records in 1984………………………………………..Full Article: Source

Irish house prices fall for second time in three months

Posted on 23 January 2013 by Laxman  |  Email |Print

Irish house prices fell for the second time in three months in December, dropping 0.5 percent month-on-month and suggesting that any stabilisation in the property market will be gradual.
Average residential property prices had risen in four of the five previous months, narrowing the annual rate of decline to 4.5 percent in December from 16.7 percent a year earlier, data from the central statistics office showed………………………………………..Full Article: Source

JLL: European retail real estate investment volumes reach EUR7.6 billion in Q4 2012

Posted on 22 January 2013 by Laxman  |  Email |Print

Jones Lang LaSalle reports that retail real estate investment was strong in Q4 2012 lifting full year investment to €19.4 billion; the top end of our €18-20 billion forecast.
Direct investment in retail real estate for Q4 2012 is €7.6 billion compared with € 8.5 billion in Q4 2011, down 11%. Full year volumes are estimated at €19.4 billion, in comparison with €31.3 billion in 2011, approaching the five year average of €23.7 billion………………………………………..Full Article: Source

French investment market hits EUR16.8 billion in 2012

Posted on 22 January 2013 by Laxman  |  Email |Print

French investment market hits €16.8 billion in 2012, reflecting 4.5% annual increase according to Savills, €16.8 billion of investment transactions were completed in France during 2012, marking a year-on-year growth of 4.5% and coming in above the 10-year average of €14.2 billion.
The international real estate advisor attributes this unexpected rise primarily to the return of transactions above €100 million, partly due to an increase in the number of portfolio sales, from 14% to 36% year-on-year. The firm’s data records 46 deals over €100 million in 2012, against 40 in 2011………………………………………..Full Article: Source

Hyderabad emerges as affordable realty market among metros

Posted on 22 January 2013 by Laxman  |  Email |Print

The City of Pearls has emerged as the most affordable realty market among Indian metros thanks to a slew of affordable housing projects that mushroomed in the city in the aftermath of the 2008 global meltdown and the T-turmoil, according to a study done by global realty consultancy firm Knight Frank.
What’s more, enablers like the new GO 245 (relaxation of mandatory EWS/LIG housing norms) and upcoming projects like Hyderabad metro rail will continue to speed up the demand for realty projects in the city………………………………………..Full Article: Source

Sydney third most expensive property market in the world: Demographia

Posted on 22 January 2013 by Laxman  |  Email |Print

Australia still has among the most unaffordable housing markets in the world, according to the 9th Demographia International Housing Affordability Survey. It ranked third to Hong Kong and Canada.
The last time Australia’s housing markets were classified affordable was back in the 1980s with no affordable locations found this time among the 39 chosen Australian locations. Even regional locations were dubbed as unaffordable including Port Macquarie, Coffs Harbour, the Sunshine Coast, Shepparton and Mildura, according to the US-based property forum………………………………………..Full Article: Source

Housing market’s 2012 gains

Posted on 21 January 2013 by Laxman  |  Email |Print

The National Association of Realtors says 2012 was a record year for favorable housing-affordability conditions and a “great year for buyers who could get a mortgage.” What appears between the quotation marks tells us much more about the condition of the residential real estate market last year than any hype about “affordability.”
Since the housing bubble burst in 2006-07, the road to affordability the market has traveled has been the roughest since the Great Depression. Record affordability has come, of course, at the cost of millions of foreclosures and billions of dollars in lost equity………………………………………..Full Article: Source

Worried about the stalled housing market index?

Posted on 21 January 2013 by Laxman  |  Email |Print

The National Association of Home Builders (NAHB) reported a stalling in the improvement trend in its Housing Market Index (HMI), which is produced monthly in conjunction with Wells Fargo (WFC).
The HMI measures the mood of builders, and has been steadily improving over the last year. In the case of the latest report, I think the pause in that trend reflects fear rather than reality, and so real estate enthusiasts can expect the good trend to continue at least for the near future………………………………………..Full Article: Source

Housing starts jump in December

Posted on 18 January 2013 by Laxman  |  Email |Print

Builders started work on homes in December at the fastest pace since the summer of 2008 and finished 2012 as the best year for residential construction since the housing crisis began.
The Commerce Department said Thursday that builders broke ground on houses and apartments at a seasonally adjusted annual rate of 954,000. That’s 12.1% higher than November’s annual rate and nearly double the recession low of April 2009………………………………………..Full Article: Source

How does prime London property compare to other investments?

Posted on 18 January 2013 by Laxman  |  Email |Print

Latest research suggests that the average capital value growth in prime London residential property in 2012 easily beat growth in other major investment assets.
The figures from Chesterton Humberts show that its Prime London Residential Property Sales Index recorded an increase of 10.4 per cent compared to 2011 - that is 1.8 times higher than the FTSE 100 and more than four times higher than Brent Crude. Even when measured on a US dollar basis, gold prices only rose by 8.3 per cent over the year………………………………………..Full Article: Source

September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930