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JLL: Good beginning to the year for the investment market in Poland

Posted on 15 May 2013 by Laxman  |  Email |Print

The period from January to the end of April of 2013 in Poland came in strong with an investment volume of €748 million. So far, the office sector has the largest share 2013 transactions (€424 million), followed by industrial (€184 million) and retail (€126 million), with the hotel sector rounding things off with €14 million.
In terms of the number of transactions, 2013 outpaced the same period in 2012 with 70% more transactions (17 deals in 2013 versus 10 closed in the corresponding period last year)……………………………………Full Article: Source

China: Property market maintains stable growth momentum

Posted on 15 May 2013 by Laxman  |  Email |Print

Investment rises 21.1% in past four months, sales value eases to 59.8%. China’s real estate investment growth quickened in the first four months of the year, but property sales growth dipped slightly due to the government’s latest round of policy tightening.
Property in-vestment, which affects more than 40 industries ranging from steel to furniture, increased 21.1 percent year-on-year from January to April, up 0.9 percentage points on the first quarter, the National Bureau of Statistics said on Monday……………………………………Full Article: Source

Hong Kong property investors switch search to overseas markets

Posted on 15 May 2013 by Laxman  |  Email |Print

A growing number of Hong Kong property investors are shifting their investment focus offshore - prompting local brokers to widen their sales’ lists in order to capture commissions on deals taking place overseas.
“There has definitely been a pick-up in buyer interest in overseas properties in recent months. Inquiries for international residential properties are up by 10 per cent since the government announced its latest control measures on the market in February,” said Denis Ma On-ping, local director of the Greater Pearl River Delta Research at agency Jones Lang LaSalle……………………………………Full Article: Source

European retail volumes reach EUR5bln in Q1

Posted on 14 May 2013 by Laxman  |  Email |Print

European retail real estate investment totalled €5.1 bn in the first quarter of 2013, up nearly 60% on the year-earlier period, according to Jones Lang LaSalle.
The growth was driven by shopping centre investment, which rose 85% year-on-year to almost €4 bn, demonstrating the ongoing demand for this type of product………………………………………..Full Article: Source

Dubai: Hiring spree as property market rebounds

Posted on 14 May 2013 by Laxman  |  Email |Print

Property brokerage firms in Dubai are on a hiring spree with hundreds of new brokers likely to join company rosters in coming months. The local firms have stepped up hiring following Dubai property transactions rising 63 per cent to Dh44 billion in first quarter 2013 following rising global investor confidence in the emirate’s realty sector.
In the latest Knight Frank report, Dubai took the second position on the list of the most hottest property market in the world, with prices shooting up by 19 per cent in 2012………………………………………..Full Article: Source

U.S. housing market: 5 things every homebuyer needs to know right now

Posted on 10 May 2013 by Laxman  |  Email |Print

The U.S. housing market’s recovery is gaining momentum, but there are still a number of issues for homebuyers to be cautious of.To get to the bottom of what’s really going on in the housing market, we talked to Gerri Willis, author of “Home Rich”, about the key things homebuyers need to know in today’s challenging market.
With the housing market gaining momentum, a housing market expert and author offers tip on what every homebuyer needs to know………………………………….Full Article: Source

Winners of the investor-led housing recovery

Posted on 09 May 2013 by Laxman  |  Email |Print

The housing market recovery is gaining momentum, but it’s not your average homebuyer behind the push, it’s investors. Low interest rates and recuperating home prices have investors flocking to the market to find bargains and they’re pricing out traditional buyers.
But just like any competition, there are winners and losers in the recent shift and surge in the real estate market. “Investors are increasingly putting money into residential properties because they see it as a lucrative investment,” says Deonta Smith, an analyst at market research firm IBISWorld. “Investors are purchasing foreclosed and existing homes that need a lot of work, fixing them up and renting them until prices increase.”…………………………………Full Article: Source

Germans splurge on Italian homes locals can’t afford

Posted on 08 May 2013 by Laxman  |  Email |Print

Yasemin Rosenmaier has been selling homes in northern Italy since 2005 and she’s finding that there’s never been a better time to work for a German broker.
“I’d say 60 percent of our closings are with Germans, which is much higher than in previous years,” Rosenmaier said by telephone from her Engel & Voelkers office in Cernobbio on Lake Como. “Why? Fear of inflation, the uncertainty on the financial markets, fear of what happened in Cyprus,” the latest European country to get an international bailout………………………………………..Full Article: Source

India real estate: Can FDI save the day?

Posted on 08 May 2013 by Laxman  |  Email |Print

Investment in India’s real estate sector is falling fast – yet another bit of bad news for the economy. In the fiscal year just ended, new investment into real estate was down 55 per cent from Rs926bn to Rs420bn (from $18bn to $8bn) according to the Associated Chambers of Commerce and Industry of India (Assocham).
The sector is suffering as sales fall, the cost of construction rises and banks refuse to pass on reductions in the base rate after the recent round of interest rate cuts………………………………………..Full Article: Source

Philippine real estate draws foreign buyers

Posted on 08 May 2013 by Laxman  |  Email |Print

The Philippines real estate market is not only attracting investments from Filipino expatriates but also from foreigners who are either buying retirement homes or expanding assets in the country.
The relatively cheap properties and the opportunity to make significant returns are a major draw for foreign buyers. Philippine laws allow foreign nationals to own condominiums or residential units in high-rise buildings. The property market in the country has been growing in recent years, largely due to high demand from Filipinos working abroad………………………………………..Full Article: Source

A home buying frenzy in Las Vegas

Posted on 07 May 2013 by Laxman  |  Email |Print

My elderly mother is freaking out. Two weeks ago she put her small house on the market in the Las Vegas suburb of Henderson. The day she listed the house she received four calls, including an agent who assured he was on his way over with a buyer. Within days she had seven offers and eventually closed a deal for significantly more than her asking price.
“I’ve sold a lot of houses, but I’ve never seen anything like this,” she said. This is the state of the market in Las Vegas, once the poster child for the housing collapse. After a decade of frenzied construction, prices plummeted by more than 50 percent in most neighborhoods. Four years ago, at the market’s lowest point, more than 80 percent of the homes sold were foreclosure or bank-owned sales………………………………………..Full Article: Source

Norges’ property portfolio balloons in Q1 but return slips

Posted on 07 May 2013 by Laxman  |  Email |Print

Norway’s giant government pension fund saw the market value of its real estate portfolio climb almost by half in the first three months of 2013 following a series of major deals. Norges Bank Investment Management (NBIM) - manager of the Norwegian Pension Fund Global - reported that the market value of the real estate portfolio stood at NOK 37 bn (€4.8 bn) in the first quarter of this year. This marked a 48% increase on the total of NOK 25 bn for the fourth quarter of 2012.
However, the fund’s investments in real estate returned -0.3% in the first quarter, down from a positive 0.49% for the previous quarter. In contrast, equity investments (62% of the fund’s overall holdings) returned 8.3%, while fixed-income investments (37%) returned 1.1%………………………………………..Full Article: Source

Buenos Aires lures foreign buyers with tumbling prices

Posted on 03 May 2013 by Laxman  |  Email |Print

Roderick Chapman, a 50-year-old marketing specialist from Vancouver, British Columbia, was in Buenos Aires last month, looking at one-bedrooms in the city’s posh Recoleta district.
“I’m absolutely amazed by the number of choices,” said Mr. Chapman whose budget for a vacation property is 130,000 U.S. dollars—the currency in which most Buenos Aires real estate typically is traded. “It is overwhelming, really.”……………………………………….Full Article: Source

New housing barons widen their sights and bets

Posted on 03 May 2013 by Laxman  |  Email |Print

As home prices rise, there are fewer bargains in single family homes, but not fewer investors. Their ranks and property portfolios continue to grow. Last month Five Ten Capital, a Piedmont, California-based asset manager, inked a one hundred million dollar deal with Deutsche Bank to open a new fund to buy and manage single family rental homes, expanding Five Ten’s range to Texas and Missouri.
“Obviously, home prices are up, so did you miss an opportunity? Yes, you’d have been better off buying a year ago than today, but we think for the most part we are in the third inning of this housing recovery,” said Rob Bloemker, Five Ten’s CEO………………………………………..Full Article: Source

House hunting on China’s vacation frontiers

Posted on 03 May 2013 by Laxman  |  Email |Print

Chinese property buyers have made splashes in the world’s best-known cities. But as their focus shifts toward enjoyment from pure investment, their next stops are likely to be closer to home.
One in eight Chinese families own more than one home, according to a recent report by Zhejiang University and Tsinghua University. But very few own vacation or retirement homes. Typically, Chinese start to amass their real-estate empires with markets they know, often in the cities where they live………………………………………..Full Article: Source

First people to buy through UK’s help to buy scheme move in

Posted on 02 May 2013 by Laxman  |  Email |Print

The first people to buy their home under the UK’s new £4.5 billion Help to Buy scheme have the keys to their new three bedroom semi detached house. The first time buyers have moved into their Taylor Wimpey home in Liverpool after securing a 20% loan under the government scheme which then enabled them to obtain a 75% loan to value mortgage. They put down a 5% deposit.
It means that former Queens Guardsman Nikolai Invanovic, 25, and nurse Catherine McClean, 26, who have moved from Northern Ireland, will now benefit from lower monthly payments while they progress their careers………………………………………..Full Article: Source

London commercial property deals jump on foreign buyers

Posted on 02 May 2013 by Laxman  |  Email |Print

Investors bought more commercial real estate in central London last year than in the rest of Britain for the first time as buyers from the U.S. to Malaysia favored the U.K. capital, according to broker DTZ (UGL).
Investors purchased a record 16.1 billion pounds ($25 billion) of income-producing office buildings, stores, and warehouses in London last year, a 48 percent increase, compared with an 18 percent drop to 15.9 billion pounds in the rest of the U.K., according to DTZ………………………………………..Full Article: Source

Turkey campaigns for foreign home buyers

Posted on 02 May 2013 by Laxman  |  Email |Print

Turkey has announced plans to issue one-year residency permits to foreigners who purchase property in the country, as part of a larger campaign from the Turkish government to attract more foreign homeowners.
The law is a major change from the three-month permit currently allowed to foreigners. It would also make home buying more attractive to the Middle East and non-European nations who have previously had a hard time obtaining visas, according to local media reports………………………………………..Full Article: Source

Buyers driving housing recovery, not investors

Posted on 30 April 2013 by Laxman  |  Email |Print

Investors may have kick-started the housing recovery, buyers are truly driving the market, research shows. Recent reports point to strength in the non-distressed or conventional sales market, which is dominated by current homeowners and first-time home buyers.
According to the Campbell/Inside Mortgage Finance Survey released last week, investors accounted for just 21.8% of home sales in March. Investors accounted for only 13% of sales of non-distressed properties, the largest segment of the market. Current homeowners had a 50% market share and first-time homebuyers a 37% share of the non-distressed housing market………………………………………..Full Article: Source

Will residential real estate suffer same fate as gold?

Posted on 26 April 2013 by Laxman  |  Email |Print

With gold prices currently on the descent, many investors are asking themselves if residential real estate prices will follow. Gold and real estate are the two primary investment routes for retail investors in India, so this is definitely a valid question to ask.
The performance of residential real estate as an asset class is doubtlessly dependent on the macro-economic factors that also dictate the performance of other asset classes, including gold. Nevertheless, the correlation between gold and real estate prices is not as distinct as one may at first assume. Price movements in the real estate sector are the result of supply and demand. This is true for gold as well, but the demand drivers for real estate are not the same as for precious metals………………………………………..Full Article: Source

Think tank advises buying property in the US

Posted on 26 April 2013 by Laxman  |  Email |Print

Investing in China’s real estate market will not be as profitable as buying property in the US, mainly due to China’s property curbs and the US housing market recovery, a top Chinese government think tank said in a report released Wednesday.
Property prices in China will be relatively stable in 2013 and there is limited room for further rises, given the country’s regulation of the property market, the Chinese Academy of Social Sciences said in the report………………………………………..Full Article: Source

International property investors should beware London traps, says Riverside Capital’s Dominic Wright

Posted on 26 April 2013 by Laxman  |  Email |Print

Overseas investors looking to buy into the UK commercial property market are entering an extremely popular market and without proper knowledge and guidance they can find their investments have not been best placed.
Considered a safe haven, the London property market in particular has seen massive levels of investment in 2012 - around £16bn. Compare that to less than £4bn going into the New York property market in the same time frame and it provides a clear indication of just how attractive a location London is for overseas investors………………………………………..Full Article: Source

China is poised to top Japan, Australia among international commercial property investors in Asia

Posted on 26 April 2013 by Laxman  |  Email |Print

When it comes to commercial real estate investment flows China still takes a back seat in Asia to Japan and Australia, whose markets have better transparency, more experienced investors and deeper inventory. Yet China is also poised to surpass both in the next few years as its economy becomes more service-driven and the investable supply rises, especially in Beijing and the country’s other big top-tier markets, Shanghai and Guangzhou.
So says Anthony Couse, a managing director in Shanghai for global real estate consultancy Jones Lang LaSalle of Chicago. His enthusiasm is apparently shared by the Blackstone Group, reported in April to be planning to raise up to $4 billion for a real estate fund focused on China and Asia………………………………………..Full Article: Source

Germany, Sweden and Finland best bets for investors - Aviva

Posted on 25 April 2013 by Laxman  |  Email |Print

Investors should look to Germany, Sweden and Finland to minimise risk and ensure stable returns, according to the latest Aviva Macro and Property Risk Ratings analysis.
The Aviva report claims that Germany has moved to become the least risky market in Europe for real estate investors from a macroeconomic perspective. The country has been aided by a fall in measures of financial risk………………………………………..Full Article: Source

Chinese cash flowing to overseas property

Posted on 25 April 2013 by Laxman  |  Email |Print

In 2012, Chinese capital directed at overseas commercial investment totaled $4 billion, a 33 percent increase from the year before, according to new data from Jones Lang LaSalle.
The amount of money flowing out of China to cross-border real estate investment is a sharp contrast to the recent past. Out of the total Chinese capital invested in real estate in 2003, just two percent went overseas, JLL reports. In 2012 it increased to 26 percent, according to JLL………………………………………..Full Article: Source

Chinese investment boom in properties of Seoul metropolitan area

Posted on 25 April 2013 by Laxman  |  Email |Print

More than 2,000 people flocked to the first floor of Sydney`s Town Hall in Australia on April 14. Ethnic Chinese living in Australia and those flying from China and Hong Kong participated in the “2013 Chinese Sydney Property Expo,” which introduced realty products in Australia to Chinese investors who have emerged as “big shots” on the global real estate market. Twenty seven companies installed promotional booths and introduced apartments and high-end houses worth between 700,000 and 8 million Australian dollars each, in a race to sell them.
With the Korean property market in a protracted slump, domestic investors have shunned real estate investment, but foreigners are creating increasingly strong investment fever in the realty market here………………………………………..Full Article: Source

JLL: Strong start to the year for European retail real estate investment activity

Posted on 24 April 2013 by Laxman  |  Email |Print

This was driven by growth in shopping center investment, which rose by 85% year-on-year to almost €4.0bn, demonstrating the on-going demand for this type of product.
The UK was the most liquid market, accounting for close to 40% of European retail investment activity. While this was due in part to a number of good quality centers coming onto the market, appetite for best secondary also improved as a combination of the continued lack of prime stock and competitive pricing began to push investors up the risk curve………………………………………..Full Article: Source

UK leads jump in European retail investment

Posted on 24 April 2013 by Laxman  |  Email |Print

Retail real estate investment in Europe totaled €5.1 billion during the first quarter, a 60 percent increase from a year earlier, with the U.K. accounting for almost 40 percent of all activity, according to new data from Jones Lang LaSalle.
The activity was dominated by shopping center investment, a trend seen in other major global markets. In Europe, shopping center investment increased 85 percent from last year to almost €4.0 billion, JLL reports………………………………………..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

Asian investors eye Aust property

Posted on 24 April 2013 by Laxman  |  Email |Print

Asian investors are showing rising interest in Australia’s property market, with Korean investors in particular looking to shift their assets away from that region’s political tensions, according to The Australian Financial Review.
The newspaper cited one international fund manager who said calls from Korean institutions have soared, but added that “they need a lot of hand holding” and “once they turn, they turn quickly”………………………………………..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

Big investment firms jumping into housing market, pushing up prices

Posted on 23 April 2013 by Laxman  |  Email |Print

Investment firms are scooping up homes in distressed real estate markets, like Florida, blocking out individual bidders, experts say.
“There is the possibility that Wall Street and the banks and the affluent 1 percent stand to gain the most from this. Meanwhile, lower-income Americans will lose their opportunity for the American dream of building wealth through owning a home,” said Jack McCable a real estate consultant in Deerfield Beach, Fla………………………………………..Full Article: Source

German Q1 investment figures hit five-year high

Posted on 23 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

Greece offers residence to foreign investors

Posted on 23 April 2013 by Laxman  |  Email |Print

Greece will be offering residence to non-EU investors purchasing or renting property over 250,000 euros ($326,000), in a bid to revive its moribund real estate industry, officials said on Monday.
The initiative, voted into law by parliament last week, comes in response to strong demand from Arab, Chinese and Russian investors, the officials from the interior ministry and property groups told a news conference………………………………………..Full Article: Source

Blackstone sees big opportunities in China’s property market

Posted on 23 April 2013 by Laxman  |  Email |Print

The head of Blackstone, the world’s largest alternative investment fund, sees a big opportunity in Chinese real estate.
Stephen Schwarzman, who left Lehmann Brothers to build Blackstone from a six-figure company into the $210 billion behemoth it is today, believes that while there are some troubles in China’s economy there are big gains in distressed real estate………………………………………..Full Article: Source

US: Snapping up real estate

Posted on 22 April 2013 by Laxman  |  Email |Print

Investing directly in property can be an attractive alternative to low-yielding bonds but isn’t for everyone. Investors should know the real-estate market, be wary of what can go wrong and, because properties can be illiquid, have plenty of cash in reserve, say financial advisers.
For people willing to take the plunge, the U.S. economic recovery and several other factors make real-estate fundamentals relatively favorable now, says Rich Fichtel, a senior financial adviser at Altfest Personal Wealth Management in New York, which manages about $1 billion. For example, leasing is outpacing new construction activity, and vacancy rates are declining, he notes………………………………………..Full Article: Source

As real-estate market rebounds, homebuyers need to be nimble

Posted on 22 April 2013 by Laxman  |  Email |Print

Buoyed by the U.S. economy’s slow but seemingly steady recovery, the residential real-estate market is starting to rebound in many parts of the country — including central Ohio.
Here, demand is up and supply is down. In fact, in some particularly desirable neighborhoods, the transition from buyer’s market to seller’s market is all but complete………………………………………..Full Article: Source

Wall Street betting billions on single-family homes in distressed markets

Posted on 22 April 2013 by Laxman  |  Email |Print

Big investors are pouring unprecedented amounts of money into real estate hard hit by the housing crash, bringing those moribund markets back to life but raising the prospect of another Wall Street-fueled bubble that won’t be sustainable.
Drawn by the prospect of double-figure profit margins on rents and the resale of homes whose prices plummeted in the crash, hedge funds, Wall Street investors and other institutions are crowding out individual home buyers………………………………………..Full Article: Source

Should you use rental properties to fund retirement?

Posted on 22 April 2013 by Laxman  |  Email |Print

You may have heard that rental properties can be a great way to generate passive income. Rental properties can provide monthly cash flow, protect against inflation, and usually appreciate over the long term.
Some retirees swear by rental properties instead of the usual stock and bond portfolio because they don’t have to stomach the volatile stock market swings. Owning rental properties can help fund your retirement, but being a landlord isn’t for everyone………………………………………..Full Article: Source

Spanish preference for property over startups deepens woe: Tech

Posted on 22 April 2013 by Laxman  |  Email |Print

After finishing his MBA at Columbia University in New York, Luis Sanz decided not to return home to Spain to launch his Web startup, Olapic.
Sanz says he stayed in New York because his homeland lacks an entrepreneurial culture and has virtually no venture capital industry. Last year, he raised $1 million for Olapic, which helps companies collect photos posted by their customers on social-networking sites such as Facebook and Twitter………………………………………..Full Article: Source

S.Africa: Where to now for real estate funds?

Posted on 22 April 2013 by Laxman  |  Email |Print

Funds that invest in real estate both locally and globally are, on average returns, among the top three performers over both the three- and one-year periods to the end of March. Local real estate funds were also the best performing sub-category over five years to the end of March.
Keillen Ndlovu, the head of the listed property franchise at Stanlib, says the property market is being driven by the strong local bond market. Listed property performs in line with the bond market because of its income-generating ability………………………………………..Full Article: Source

UAE: Property investors seek income generating assets

Posted on 22 April 2013 by Laxman  |  Email |Print

Ultra-prime homes in some markets outside the region have become dearer, with values doubling over the last seven years, as the ultra-rich are shifting their capital to income-generating residential unitsAnalysts have noticed a shift in investor behaviour. Whereas before billionaires used to seek safe haven in real estate, they are now seeking to set up homes in locations that pay dividends.
Last year, huge pickings were noted in places like New York, Moscow and London, where gross residential yields ranged between 5.2 and 6.4 per cent“The motives for real estate acquisition have shifted………………………………………..Full Article: Source

HK: Investors bullish on commercial assets

Posted on 22 April 2013 by Laxman  |  Email |Print

Despite measures to cool commercial property speculation, a leading insurance company recently entered into a HK$4.5 billion agreement to purchase a Kowloon Bay office building.
The acquisition of the West Tower at One Bay East at 83 Hoi Bun Road - being built by Wheelock Properties - by Manulife shows that long-term investors still favor rent- generating properties………………………………………..Full Article: Source

Australia: Investors bolster property markets

Posted on 22 April 2013 by Laxman  |  Email |Print

Improved affordability coupled with low interest rates has prompted an investor resurgence in Australia’s housing market, which has experienced its strongest start to the year since 2010.
The mediocre offer by banks on cash deposits has helped the recovery for real estate, according to Australian Property Monitors economist Andrew Wilson, who says this has seen a boom at the bottom and middle end of the market. Sydney is close to record clearance rates, last week hitting 75.6 per cent, up from just 57.8 per cent during the same period last year………………………………………..Full Article: Source

Property needs to be viewed as investment class asset

Posted on 22 April 2013 by Laxman  |  Email |Print

Property needs to be seen as an investment class asset to ensure self-managed super fund (SMSF) trustees are receiving adequate advice.
Following the release of the Australian Securities and Investments Commission (ASIC) taskforce into SMSF advice last week noting property spruiking activities in the sector, Property Investment Professionals of Australia (PIPA) chair Ben Kingsley told InvestorDaily that activity was the result of the area not being regulated as an asset class. “It’s this area that continues to remain a problem child, which is that property investment is not an investment class asset,” Mr Kingsley said………………………………………..Full Article: Source

Safer way to get exposure to U.S. housing market

Posted on 19 April 2013 by Laxman  |  Email |Print

It’s clear the housing market is on the right path, but whether it can continue to be as hot as it has been is uncertain; my feeling is that the easy money has already been made. And what has been impressive has been the housing market’s recovery in spite of the lack of a strong recovery in the jobs market, which continues to struggle along, as demonstrated by the creation of a mere 88,000 new jobs in March and the edging up of the unemployment rate.
Once the jobs situation improves to where we are seeing the consistent creation of hundreds of thousands of new jobs monthly, I expect the housing market to follow suit. The housing starts and building permits reports support the housing market recovery. In March, there were an impressive annualized 1.04 million housing starts, which was above the Briefing.com estimate of 935,000 and the upwardly revised 968,000 in February………………………………………Full Article: Source

Foreign investors prominent in Canada’s luxury real estate market

Posted on 19 April 2013 by Laxman  |  Email |Print

Foreign investors have a prominent and growing influence in the luxury real estate markets of Montreal, Vancouver and Toronto, a realtor survey by Sotheby’s International Realty Canada suggests. Half of the luxury home buyers in Montreal are from other countries while in Vancouver it’s 40 per cent, the Sotheby’s Top Tier Trend Report found.
The company, which specializes in high-end real estate, surveyed around 30 Sotheby’s realtors responsible for the firm’s biggest deals in a dozen Canadian markets………………………………………Full Article: Source

Savills: Investment in France boosted by retail and serviced properties in Q1 2013

Posted on 19 April 2013 by Laxman  |  Email |Print

According to Savills data €2.5 billion was invested in French commercial real estate in the first quarter of 2013, which is level with the same period in 2012. The international real estate advisor notes that investment volumes in the retail and serviced property sectors (hotels, care homes) fared particularly well rising respectively by 119% and 85% compared with Q1 2012.
These two sectors significantly boosted the market in the first quarter of 2013 accounting for four of the seven deals of over €100 million. Furthermore, these market segments represented a significant portion of regional portfolio sales, with the acquisition of four health establishments by Icade Santé for €175 million and CNP Assurances’ purchase of a €160 million portfolio of regional retail assets………………………………………Full Article: Source

Russia, Poland drive CEE volumes in Q1

Posted on 19 April 2013 by Laxman  |  Email |Print

Russia and Poland accounted for the overwhelming majority of real estate investment in Central & Eastern Europe in the first three months of 2013.
Latest figures from CBRE show total commercial real estate investment in the region reached €2.6 bn in Q1. Russia dominated with €1.8 bn of deals, followed by Poland at €600 mln………………………………………Full Article: Source

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