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Investors commit $6.5 bln to property funds in March

Posted on 18 April 2013 by Laxman  |  Email |Print

Real estate funds announced $6.5 bn (€4.7 bn) of capital commitments globally during March, according to online fund community Indirex. Globally, 54 announcements were reported in March, with 37 of these involving new equity commitments.
North America attracted over half of the cash with Europe taking 16% and Asia 12%. In Europe, 11 announcements were made with four pertaining to capital commitments. The largest was the $500 mln first closing of La Banque Postale Asset Managements’ Infrastructure Debt fund…………………………………..Full Article: Source

U.S. investors move into U.K. housing

Posted on 18 April 2013 by Laxman  |  Email |Print

With the U.S. housing market recovering, some investors are looking across the Atlantic for opportunities in the U.K. housing market, as well. U.S. investors contributed more than 50% of the £200 million ($307 million) raised last month in an initial public offering by Countrywide PLC, the U.K.’s largest residential brokerage, according to people who worked on the deal.
Oaktree Capital Management LLC is now a majority shareholder of Countrywide, which relisted on the London Stock Exchange after a six-year stint as a private company…………………………………..Full Article: Source

German residential unit sales reach 5-year high

Posted on 18 April 2013 by Laxman  |  Email |Print

Strong investor demand for German residential property lifted both the volume and number of traded units in the first three months of 2013. Figures published by Savills indicate 68,600 housing units traded in Q1 this year, generating a total volume of just under €3.8 bn and representing 5% growth year-on-year.
The number of units sold rose 3% compared with the first quarter of 2012, marking a five-year-high, according to Savills…………………………………..Full Article: Source

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

Posted on 18 April 2013 by Laxman  |  Email |Print

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

Dutch retail volumes up 30pct in Q1

Posted on 18 April 2013 by Laxman  |  Email |Print

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

Japan apartment real estate proving best: Riskless return

Posted on 17 April 2013 by Laxman  |  Email |Print

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

Russia: Commercial real estate investment hits record high

Posted on 16 April 2013 by Laxman  |  Email |Print

First quarter investment in the Russian commercial real estate market soared to a record high of $2.4 billion, a figure nearly 25 times higher than the first quarter of 2012 and almost three times higher than the previous record in 2006.
Investments in commercial real estate reached a new all-time high of $2.4 billion in the first quarter of 2013, according to a report by the CBRE Group. By comparison, the first quarter of 2012 saw investments at $101 million, a figure almost 25 times lower than that of this year. The previous record was set in 2006, when investors channeled $843 million into commercial property during the first quarter………………………………………..Full Article: Source

Luxury residential opportunists count rewards

Posted on 16 April 2013 by Laxman  |  Email |Print

Global luxury residential markets are always interesting. It really does indicate where the wealthy are hanging out, migrating to and moving away from. The never-ending search for safe haven investments keeps pushing prices up, in spite of stock market blips and financial crisis fallout.
It seems you just need nerves of steel and the courage to jump in at the bottom. Whatever happened to the dreadful doom and gloom in the US property market only a few months back? Last week in New York all anyone could talk about was how it was simply too expensive to live in town any more. Formerly cheap arty areas like the lower East side are cheap and full of artists no more………………………………………..Full Article: Source

What U.S. investors need to know about buying property in Canada

Posted on 15 April 2013 by Laxman  |  Email |Print

If your clients vacation frequently in Canada or have children who are attending a Canadian university, they may ask you whether it makes more economical sense to invest in property than to continue incurring high hotel or apartment rent costs. And then they might wonder if they can — and how.
It’s actually pretty easy for U.S. citizens to buy property in Canada. There’s no governmental red tape and lenders are happy to take your money. Also, Toronto, Montreal and across Canada stayed low in 2012 and the risk of an increase this year is modest, according to Canadian Mortgage Trends. Current posted rates for a 5-year term are below 3 percent………………………………………..Full Article: Source

Allowing foreigners buying houses in VN to rescue property market?

Posted on 15 April 2013 by Laxman  |  Email |Print

Vietnam will not be able to rescue the real estate market if it only relies on the domestic resources. The government has been urged to allow foreigners to buy houses in Vietnam to increase the demand.
In 2008, the National Assembly released a resolution on allowing foreign individuals to buy houses in Vietnam in a 5-year trial period. However, to date, only 500 foreigners have bought houses in Vietnam so far. Most of them are original Vietnamese with foreign nationalities. This has been attributed to too many restrictions set up by the current policies………………………………………..Full Article: Source

Best places to invest in U.S. real estate

Posted on 12 April 2013 by Laxman  |  Email |Print

In optimizing the relationship of risk and return, many would argue there’s not a better investment right now than U.S. residential real estate, especially in various geographic regions of the country.
Aside from directly investing in U.S. real estate, some other strong investment options are homebuilders such as KB Homes (KBH), Lennar (LEN), Toll Brothers (TOL), and Taylor Morrison (TMHC). Silver Bay (SBY) and Blackstone (BX) have also been extremely active in acquiring distressed real estate in various markets and leasing the properties………………………………………..Full Article: Source

JLL forecasts global volumes of $450-500 bln for 2013

Posted on 11 April 2013 by Laxman  |  Email |Print

Jones Lang LaSalle is sticking to its forecast of a global real estate investment volume of $450-500 bn (€307-384 bn) for 2013. Europe, Asia-Pacific and the Americas recorded strong growth in the first quarter of 2013 as preliminary global real estate investment volumes reached $94 bn, according to JLL’s capital markets research which is based on data from 60 countries. The real estate investment volumes in Q1 2013 represented an 8% increase over the same quarter in 2012.
Improving confidence in the global economic recovery and continued demand for direct real estate exposure continue to push volumes higher with Germany, Japan, and the US all finishing the quarter on a strong note………………………………………..Full Article: Source

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America’s most beautiful mansions for sale

Posted on 11 April 2013 by Laxman  |  Email |Print

American opulence is still for sale. But it costs a pretty penny. Acquiring a finely-appointed home of extraordinary scale can run between $12.5 million and $100 million at the moment. For this, homeowners enjoy everything from fountain-studded courtyards to grand libraries and cavernous indoor pools.
Take, for example, The Peabody Estate (better known as “Solana”) in Santa Barbara, Calif. Listed for $57.5 million, the home built by clothing magnate Forrest Peabody is surrounded by nearly a dozen acres and includes almost 23,000 square feet of living space. There’s a private guesthouse on the property and better yet, the mansion has 360-degree views of both the mountains and the sea………………………………………..Full Article: Source

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Russian investment volumes jump 116pct in Q1

Posted on 11 April 2013 by Laxman  |  Email |Print

Total investment in Russian commercial real estate reached $2.1 bn (€1.6 bn) in the first quarter of 2013, up 116% on the year-earlier period, according to Jones Lang LaSalle. The spike in volumes for the first three months of 2013 was mainly due to the closure of Morgan Stanley Real Estate’s acquisition of the Metropolis shopping centre in Moscow for an estimated $1 bn.
In March, Russian investor 01 Properties announced the acquisition of the White Square business centre in Moscow for a reported $1 bn (€774 mln). However this deal was actually closed in 2012. ……………………………………….Full Article: Source

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Many first-time buyers priced out of market across Australia

Posted on 11 April 2013 by Laxman  |  Email |Print

Housing affordability remains a problem across Australia, with many first-home buyers still priced out of the market despite recent interest rate cuts. JP Morgan’s latest snapshot of the local housing market ranks Australia in second place behind Hong Kong for having the world’s highest house prices.
The report’s co-author Martin North said mortgage repayments remained high because the average loan was getting bigger and the major banks had not passed on the Reserve Bank of Australia’s interest rate cuts in full………………………………………..Full Article: Source

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Global real estate back in favor

Posted on 10 April 2013 by Laxman  |  Email |Print

Investors’ on-and-off relationship with global real estate appears to be on again. With long-distressed real estate assets now on sale in Europe and big opportunities also being seen in Asia, the sector has caught the attention of individual investors and financial advisers, said Adam Taback, president of alternative strategies at Wells Fargo Private Bank.
It’s not for the faint of heart, however. Global real-estate stock funds suffered a gut-wrenching 46.6% loss on average in the crisis of 2008, then recovered to gain nearly 37% and 17.2% in 2009 and 2010, respectively, according to Morningstar Inc………………………………………..Full Article: Source

Housing is back! Best moves for homebuyers

Posted on 10 April 2013 by Laxman  |  Email |Print

Real estate has finally started to bounce back across the country — even roar back in some places. Low mortgage rates and pent-up demand have coaxed buyers back into the market, and homeowners who list their houses are seeing more traffic. That quaint relic of the bubble, the bidding war, has even started to re-emerge in some cities.
Consider the mounting evidence that the long national real estate nightmare is over: During the past year, home prices increased in 92 of the country’s 100 largest metropolitan areas, according to data provider CoreLogic, with prices rising as high as 23 percent in Phoenix and 17 percent in San Francisco. Sales volume rose in 69 of the top 100 markets, and 35 of those showed double-digit gains………………………………………..Full Article: Source

Dangers of investing in US realty sector

Posted on 10 April 2013 by Laxman  |  Email |Print

Chinese people have developed a new craze: real estate investment. The sale of “one-dollar villas” in the United States as a result of the subprime crisis a couple of years ago prompted some Chinese investors to go bargain hunting across the Pacific. Now Detroit, which is on the verge of bankruptcy, has lured Chinese “realty hunters” with its “low property prices”.
But the enthusiastic comments and conjectures that online discussions have generated over the development are devoid of a real understanding of the situation. Even if the annual property tax charged by the US government is ignored, the socio-economic factors involved in such ventures make investing in real estate in Detroit a “no deal”………………………………………..Full Article: Source

Europe: Investors pile into real estate securities funds

Posted on 10 April 2013 by Laxman  |  Email |Print

Growing appetite for listed property exposure since the onset of the global financial crisis has led to a surge in real estate securities funds. This is because a property allocation gained through the listed sector plus the attractive income returns appeal to a broader range of investors, according to the European Public Real Estate Association (EPRA).
Assets under management of real estate securities funds grew 68% to $250 bn (€192 bn) from 2007 to 2012, according to research by consultancy company Consilia Capital and Property Funds Research for EPRA.The findings show that the number of real estate securities funds increased 39% to 677 over the same period………………………………………..Full Article: Source

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

Posted on 10 April 2013 by Laxman  |  Email |Print

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

What can be expected from European property investments in 2013

Posted on 10 April 2013 by Laxman  |  Email |Print

The Euro zone is currently undergoing a critical phase as several issues emerge with time. The persistent debt crisis in the continent, along with the war between currencies, and the recent signs in the economy, has signified the beginning of another recessional phase in many European countries, particularly those located around the Mediterranean Sea.
With unemployment and other factors threatening to further damage the economies in Europe, the real estate market is expected to suffer in 2013. However, real estate experts in many European markets believe that the sector may in fact perform well in the months to come………………………………………..Full Article: Source

C&W: Robust first quarter for London commercial property investment

Posted on 10 April 2013 by Laxman  |  Email |Print

The attractiveness of Central London commercial property as a safe haven for international investors was evidenced again in the first quarter of 2013, with a total of £2.75 billion (approx. € 3.22 billion) deals transacted, according to Cushman & Wakefield.
Of this total value of transactions, 71% was accounted for by acquisitions from overseas investors. The total was down significantly on previous quarter reflecting the lack of available stock which has restrained investment volumes particularly in the West End………………………………………..Full Article: Source

Munich’s boom-time property market

Posted on 10 April 2013 by Laxman  |  Email |Print

A consortium of mostly German institutional investors led by property manager Patrizia Immobilien is paying €2.45 billion ($3.19 billion) for GBW, a listed portfolio of more than 32,000 apartments in Munich and around Bavaria. Patrizia says the equity investment should initially yield 4% to 4.5%, which is toward the low end for residential property in Germany. But even at these levels, the deal looks good given the strength of Munich’s property market.
Condominium prices in Munich rose 17% last year, according to Jones Lang LaSalle. And the boom likely has further to run. Munich is already the most densely populated of Germany’s major cities, while economic growth is attracting some 30,000 people to the city each year………………………………………..Full Article: Source

Russians eyeing foreign property with caution in crisis

Posted on 09 April 2013 by Laxman  |  Email |Print

The ongoing financial crisis may be hitting European economies hard, but the continent retains a good deal of interest for Russian customers looking to invest in property abroad. Reasons vary according to country, of course: prestige in Britain, skiing in Switzerland and Austria, warm climates in Spain, Italy and Greece, and a combination of the above - depending on region - in France.
Added to these, however, is a usual feature of economic cycles, that a crash in prices raises interest in property. The phenomenon is already being seen in Ireland, where the government is taking active measures to attract personal and corporate investment to revive the property market and the wider economy………………………………………..Full Article: Source

Spain attracts foreign real estate interest

Posted on 09 April 2013 by Laxman  |  Email |Print

The latest research figures emerging from Spain suggest that the number of international buyers who are investing in Spanish properties is on the rise. Spain recorded an increase of 28.4 per cent in overseas buyers in 2012 when compared to the levels recorded in 2011. The increase in foreign buyers suggests that overseas interest in the country’s real estate market has reached pre-recession levels.
In 2012, 38,312 foreign investors purchased real estate assets in Spain – the figures are close to the 2007 pre-recession levels. Britons continue to lead the chase for Spanish properties, but a good section of the Asian market is stepping up interest in apartments and second homes in the sunny nation………………………………………..Full Article: Source

Indian real estate offers some of the best investment options

Posted on 09 April 2013 by Laxman  |  Email |Print

The ongoing slowdown has had a mixed impact on property markets in India. In the commercial office sector, we have seen that though companies are still committed to their expansion plans, they are in a wait-and-see mode and are progressing very slowly on executing these.
In the retail sector, national and international retailers are still keen on expanding their presence and have been taking up spaces in both high streets and malls. The difference is that the sector, on the whole, is becoming more mature and retailers are keen on taking up only quality spaces. In the residential markets, we saw that capital values in many micro markets across cities had already crossed their previous peak levels of 2008……………………………………….Full Article: Source

Big investors begin entering the UK residential rental market

Posted on 08 April 2013 by Laxman  |  Email |Print

Insurers and pension funds are poised to spend £7 billion on rental homes in the UK because they believe that the current shortage of housing and mortgages is producing a generation of renters rather than owners.
About 30 institutions including British pension funds and American private equity firms plan to develop or buy blocks of homes to let, encouraged by stable returns compared with shops or offices and by government pledges of financial support, according to property consultant CBRE………………………………………..Full Article: Source

Foreigners drive demand for London property

Posted on 08 April 2013 by Laxman  |  Email |Print

The attractions of central London for overseas investors were underscored in data showing commercial property sales of £2.75bn for the first three months of the year, more than two-thirds accounted for by international buyers. Foreign buyers made up 71 per cent of the sales figure, reinforcing London’s status as a property market favourite among US, Middle Eastern and Asian investors.
But the total value of transactions fell by 31 per cent on the previous quarter, when it reached £3.98bn, according to figures from Cushman & Wakefield, the property advisory group………………………………………..Full Article: Source

China: Looking abroad for a new home

Posted on 08 April 2013 by Laxman  |  Email |Print

Properties in the former US industrial city Detroit started to fall to as low as $100, attracting Chinese investors who have found their investments in the Chinese property market becoming harder under the central government’s tightening policies.
As real estate hits rock bottom in Detroit, Chinese investors are planning to purchase properties there, the People’s Daily reported. There are more than a dozen properties priced lower than $100, with some extreme cases on offer for $1………………………………………..Full Article: Source

Investors widen U.S. rental search as home costs rise

Posted on 05 April 2013 by Laxman  |  Email |Print

Landlords seeking the highest returns for single-family homes should hit the road as rental rates weaken in Atlanta, Phoenix and Las Vegas, where institutional investors have flooded the market.
The best deals, measured by leases and the cost of becoming a landlord, are in Memphis, Tennessee, Saginaw, Michigan and Toledo, Ohio, according to a report today by RealtyTrac, a real estate data provider………………………………………..Full Article: Source

Housing market favors investors, shortchanges consumers

Posted on 05 April 2013 by Laxman  |  Email |Print

Opportunities, like good ideas, require action to become reality. Without action, opportunities are just pipe dreams. Today’s historic low housing prices and mortgage interest rates signify a rare opportunity that middle-class families seldom get: The chance to build wealth for the long term.
But the current supply and demand imbalance in the housing market of a glut of mortgage-ready buyers and not enough housing to go around makes this era of “opportunity” a long shot for most. Even worse, the dynamic of low supply will soon inflate housing prices and put them beyond the reach of working-class families, closing the window of opportunity for a generation………………………………………..Full Article: Source

Israel’s commercial property market – Mogul domination suppressing scope for retail investment?

Posted on 05 April 2013 by Laxman  |  Email |Print

In contrast to the case with residential property, Israel’s commercial real estate inventory is very much the domain of tightly-held conglomerates and listed entities firmly under the control of their founders or key investors.
While the widespread Israeli penchant for apartment ownership as an investment is seen, by regulators and commentators, as a contributing factor in the continuing rise in house prices, mainstream ‘retail’ investment in housing is not mirrored in the commercial sector. In this piece, we look at the existing state of investment in commercial property in Israel, specifically the publicly-traded sector, and at the role played, or which could be played, by the REIT - real estate investment trust………………………………………..Full Article: Source

Indian expatriates drive Dubai’s property growth

Posted on 05 April 2013 by Laxman  |  Email |Print

Indian expatriates are among the top investors in Dubai’s property market, which is expected to grow 10-12 per cent this year, company officials and analysts say.
“Expatriates, mainly from India, Russia and Saudi Arabia, are leading the growth. Indians are among the top five investors in Dubai’s property market,” Ziad El Chaar, managing director of Dubai-based Damac Properties, said. He said Dubai’s real estate sector witnessed around 10 per cent growth in 2012 and this was likely to further accelerate this year………………………………………..Full Article: Source

Indonesia attracting institutional investors

Posted on 05 April 2013 by Laxman  |  Email |Print

With China’s rampant economic expansion stalling, institutional investors are shifting their attention to the country with Asia’s second-fastest growing economy, Indonesia.
Several sovereign wealth funds, some of the largest Asia-based developers and a handful of real estate investment trusts have all been sniffing around for opportunities. Though only established international players have so far announced new projects, property brokers expect significant deal-front activity over the next year………………………………………..Full Article: Source

Investors cooling on housing market

Posted on 04 April 2013 by Laxman  |  Email |Print

Rising home prices appears to be discouraging some real estate investors from putting money in the sector. The number of investment properties purchased last year fell 2.1 percent to 1.21 million, from 1.23 million in 2011, according to the National Association of Realtors.
These institutional investors also make up a smaller number of overall home buyers, dropping to 24 percent in 2012, from 27 percent the previous year. Still, while that figure is shrinking, investment buyers still make a larger-than-normal percentage of home sales………………………………………..Full Article: Source

Window of opportunity for property investors in 2013

Posted on 04 April 2013 by Laxman  |  Email |Print

Yields have rocketed on secondary assets in commercial property, presenting a compelling story for investors, according to Richard Tanner of AEW UK.
Banks have capitulated and are starting to offload properties from their balance sheets, presenting a chance for property funds - and their investors - to benefit from cut-price sales, the managing director said. But this window of opportunity will have closed by the end of the year as managers of the larger property funds catch on. ……………………………………….Full Article: Source

Berlin’s bounty of property investment opportunities

Posted on 04 April 2013 by Laxman  |  Email |Print

Berlin, with its low property prices, cheap office spaces and easy access to the rest of Europe, offers a choice of new and vibrant neighbourhoods for investors.
A stroll around Germany’s capital is an architectural sensory assault. The Neoclassical sits sedately alongside imposing brutalist structures and some of the world’s most exciting new buildings can be found here. It’s a city soaked in history and steeped in contradictions, all of which make it a vibrant and exciting place to live………………………………………..Full Article: Source

Take advantage of U.S. housing market recovery; avoid real estate and homebuilders

Posted on 03 April 2013 by Laxman  |  Email |Print

The Dow Jones Industrial Average continues to climb into uncharted territory, trading above 14,500. This is in spite of weak underlying economic indicators. On Main Street, unemployment remains high, consumer confidence is low, and gross domestic product (GDP) remains bleak. On Wall Street, it’s confetti, unicorns, and a raging bull.
But for how much longer? Every four to six years, the U.S. experiences an economic slowdown. It happens like clockwork. The current bull market is now in its fourth year (if you were fortunate enough to even realize we’re in a bull market)………………………………………..Full Article: Source

Investors target central European property

Posted on 03 April 2013 by Laxman  |  Email |Print

Investment activity in Central European commercial property reached €958 million in the first quarter of 2012, a six percent increase over the five year average, but down from €1.8 billion in the previous quarter, according to a new study.
The Czech market reported an upward trend with six closed transactions in the first quarter worth €237 million, compared to a mere €20 million during the same quarter in 2012, Cushman & Wakefield reports. Hungary also saw an uptick, posting €159 million in transactions in the first quarter………………………………………..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

Global luxury housing on a roll

Posted on 28 March 2013 by Laxman  |  Email |Print

Robust economic recovery continues to keep luxury property markets going, turning them into quite an immune investment. Housing markets around the world including London, New York, Paris, San Francisco, Los Angeles and Hong Kong have got off to a strong start this year, reports indicate.
Christie’s International Real Estate, a high-end property affiliate network under Christie’s auction house, has launched a new index that compares world real estate markets by different metrics - including sales price, prices per square foot and percentage of foreign buyers, among others. London topped the index with a record sales price of more than US$121 million (HK$943.8 million) for a home last year………………………………………..Full Article: Source

Did you miss out on the housing rebound?

Posted on 28 March 2013 by Laxman  |  Email |Print

For years, it seemed like the housing market would never turn around. However, recent data indicates that the U.S. is finally in the midst of a housing recovery. But have investors missed out?
Pointing to a recovery: New home purchases recently spiked to numbers we’ve not witnessed since 2008. Builders are constructing new homes at a pace not seen since five years ago, and building permits, considered a leading indicator of construction, are nearing a five-year high………………………………………..Full Article: Source

Standard Life: Calling time on Brazil property

Posted on 28 March 2013 by Laxman  |  Email |Print

The sale of two office buildings in central São Paulo may sound like a rather insignificant event in the scale of things. However, Standard Life’s decision to sell the two properties, marking an exit of the British insurer’s real estate fund from Brazil, could be a bad omen for the country’s property market.
Standard Life Investments Select Property Fund said on Wednesday it had sold its two remaining assets – Madison Building in Vila Olímpia and Bela Paulista Building on Avenida Paulista – for a combined total of R$181m ($90m) to a domestic fund manager………………………………………..Full Article: Source

Investors pull out of Wenzhou property market

Posted on 28 March 2013 by Laxman  |  Email |Print

Real estate has lost its allure as an investment option in Wenzhou, Zhejiang province, since property prices tumbled due to purchasing curbs imposed by the central government. The average price of residential apartments in Wenzhou has dived by about 24 percent since 2012, according to the latest figures from the city’s prices bureau.
In addition, the average price of land has dipped to a five-year low, while the value of some villas has fallen by 50 percent since 2010. Business people from the city, one of China’s wealthiest, are well-known for their speculative activities in various sectors, especially the property market………………………………………..Full Article: Source

Fewer Canadians plan to buy a home as housing market cools

Posted on 27 March 2013 by Laxman  |  Email |Print

Fewer Canadians are planning to purchase a home in the next two years, but more than a third of those will be first-time homebuyers, according to a study released Tuesday.
The annual poll by Royal Bank found that 15% of those surveyed say they’re likely to buy in the next two years, a drop from 27% from the previous year. Among those with buying intentions, 40% say they’ll be signing a mortgage for the first time………………………………………..Full Article: Source

What to expect from real estate investment in Europe for 2013

Posted on 27 March 2013 by Laxman  |  Email |Print

Europe is currently at a very critical moment with several issues warming up at the same time. Debt crisis is persistent in Europe along with which there is the currency war and recent symptoms signifying the advent of a recessional phase over a majority of European countries especially the Mediterranean nations.
With all this problems happening at the same time housing market sector in destined to go down in most European nations for 2013 and beyond. But in contrary to that belief European market experts are of the view that real estate in Europe may in fact do well in the coming months………………………………………..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

Global funds keen on China property

Posted on 27 March 2013 by Laxman  |  Email |Print

China may see an increase in property transactions involving international investors this year, fuelled by the economic recovery and the rosy outlook of China’s commercial properties, industry experts said.
“On the one hand, a number of deals are in the pipeline after lots of negotiations were conducted last year. On the other hand, the top management of international real-estate funds are also under pressure because few deals were concluded last year,” Mr Andy Zhang, managing director of Cushman & Wakefield China, told China Daily………………………………………..Full Article: Source

Britain’s help to buy homes plan a mixed blessing for Hong Kong

Posted on 27 March 2013 by Laxman  |  Email |Print

British government plans to stimulate the nation’s housing market, announced last week, will bring mixed blessings for Hong Kong investors.
As part of his latest budget, Chancellor of the Exchequer George Osborne introduced Help to Buy, a combination of shared-equity loans for buyers and mortgage guarantees for lenders. The plan is open to first-time buyers and home movers, but not Hong Kong investors or other second-home buyers, although they will be indirectly affected………………………………………..Full Article: Source

Australia homebuyer confidence hits lowest since 2008

Posted on 27 March 2013 by Laxman  |  Email |Print

Australian homebuyer confidence fell to the lowest level since 2008 as concerns about job security outweighed historically low interest rates and improved affordability, according to Genworth Financial Inc. (GNW).
The bi-annual Genworth Homebuyer Confidence Index declined to 93.4 in March from 98.4 in September, the Richmond, Virginia- based insurer, which provides lenders’ mortgage insurance in Australia, said in an e-mailed release today. The proportion of borrowers who expect to face difficulties repaying their home loans in the next year rose to 27 percent this month from 19 percent in September, it said………………………………………..Full Article: Source

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