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Investors pile into housing, this time as landlords

Posted on 26 March 2013 by Laxman  |  Email |Print

U.S. housing recoveries almost always have been ignited by rising demand from families and individuals looking for a place to live. This recovery is different. Investors—including some big Wall Street players—are leading the way, say industry executives and analysts. Their role is noteworthy given that flippers and speculators were blamed for helping to inflate the housing bubble of the past decade.
Today’s investors are mostly buying with the intention of holding on to the homes and renting them out. ……………………………………….Full Article: Source

C&W: UK Shopping center investment market off to flying start in 2013

Posted on 26 March 2013 by Laxman  |  Email |Print

The total UK shopping center investment transactions completed during the first quarter of 2013 will hit £1.05 billion, according to data released today by Cushman & Wakefield.
This quarter’s figure is marginally down on the £1.17 billion seen in Q4 2012 but activity has increased notably and the number of transactions has spiked from six in the last quarter of 2012 to 14 in Q1 2013. Volumes in the first quarter of 2013 are also up by around 65% when compared to the £610 million-worth of deals completed the same period last year………………………………………..Full Article: Source

China: Property lures investors

Posted on 26 March 2013 by Laxman  |  Email |Print

China may see an increase in property transactions involving international investors in 2013, fueled by the economic recovery and the rosy outlook of China’s commercial properties, industry experts said.
“On 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,” said Andy Zhang, managing director of Cushman & Wakefield China………………………………………..Full Article: Source

Japan property market gaining investor interest

Posted on 26 March 2013 by Laxman  |  Email |Print

With land prices stabilizing, Japan’s troubled property market is gaining investor interest as the market improves. Land prices fell by 1.8 percent in 2012, the smallest decline since 2008, according to a recent government report. The slowdown in land pricing drops and expectation of government action to improve the economy are viewed as positive signs for investors, according to a Wall Street Journal report.
“In the next year or two, nationwide land prices may start to gain, led by the metropolitan areas,” Takashi Ishizawa, chief real-estate analyst at Mizuho Securities Co. told WSJ………………………………………..Full Article: Source

10 most expensive luxury property markets

Posted on 25 March 2013 by Laxman  |  Email |Print

Hong Kong is home to the world’s most expensive luxury real estate market, with top-end properties in the Chinese city fetching on average of US$11,800 per sqm, research found. According to real estate services provider Savills’ World Cities Review, values in the formerly British territory have soared 113.3 percent in the last seven years, despite a stalling in the second half of last year.
The report found that prices across several major Asian cities has sky rocketed in recent years on the back of a buying spree by the world’s mega-rich, causing premium property prices to outstrip mainstream real estate markets………………………………………..Full Article: Source

Women invest Dh13.3bln in Dubai real estate market

Posted on 25 March 2013 by Laxman  |  Email |Print

Female investors spent Dh13.3 billion on property in Dubai last year, representing 23 per cent of the emirate’s real estate market. According to data from the Dubai Land Department (DLD), 5,434 women invested in property. This was only a slight increase from last year when 4,704 female investors poured Dh10.5 billion into the real estate market, making up 22 per cent of total investments, the DLD said.
Personal finance advisers and property analysts say they have seen an increase in demand by female investors for real estate recently………………………………………..Full Article: Source

India: Realtors under Sebi scanner for fraudulent investment schemes

Posted on 25 March 2013 by Laxman  |  Email |Print

Suspecting investor frauds in the projects being launched by numerous real estate developers, capital markets regulator Sebi is probing them for possible violations of Collective Investment Scheme regulations.
The regulator has been flooded with complaints of investors being duped by the real estate companies promising huge returns in the projects proposed to be developed from the scratch through public money, prompting it to launch probe against 50-60 such developers, a senior official said………………………………………..Full Article: Source

China: Unintended consequence of property price curbs: more stock market speculation

Posted on 25 March 2013 by Laxman  |  Email |Print

Unsophisticated investors who once sought a quick profit on property speculation seem now to be turning to stock market speculation instead. The Hong Kong government has been keen to curb fast-rising property prices since late last year, but all its efforts may be creating a new problem: more speculation in the city’s stock market.
Some local stock brokers have noticed a new trend recently. They say more financially unsophisticated individual clients are calling on them for ideas for investments in the stock market. They prefer “small cap” stocks, rather than heavyweights, and aim to make quick short-term profits………………………………………..Full Article: Source

Canada real estate remains promising for foreign investors

Posted on 22 March 2013 by Laxman  |  Email |Print

Mortgage and housing market expert, Marcus Arkan, who also works as the CTO of Syndicate Mortgages, has recently presented his view on opportunities available for foreign investors in Canada’s housing market. According to Mr. Arkan, local housing markets are not only filled with plenty of diverse opportunities, but investment does not require going through a hefty and complicated process.
Mr. Arkan’s opinion is backed by New York Time’s international real estate article that also highlights the investment opportunities for foreign investors, especially from the US………………………………………..Full Article: Source

Europe: Investors readying to pick second-tier property

Posted on 22 March 2013 by Laxman  |  Email |Print

Cannes, France: Real estate investors are venturing out from the safety of the best buildings in Europe to gamble on edgier properties in a sign of risk-taking creeping back into the market as the Eurozone crisis recedes.
Buildings that are partially or fully vacant, with short periods left on the lease or in need of a revamp, are in demand when they weren’t 12 months ago. “We are interested in slightly compromised real estate,” said Charles Weeks, chief executive of Cornerstone Europe, which has $37.3 billion (Dh137.18 billion) under management worldwide………………………………………..Full Article: Source

English farmland is hot property

Posted on 22 March 2013 by Laxman  |  Email |Print

Rural land across England has produced some of the best returns in Europe since the financial crisis began, appreciating by 51 percent from 2008 through 2012, data compiled by agent Knight Frank show.
Millionaires’ mansions in London rose 19 percent, the rest of the U.K. housing market lost value, and U.K. stocks fell 8.7 percent during the same period. Even as stocks, up about 10 percent so far this year, enjoy their best start since 1998, investors are likely to keep bidding up prices of farmland, drawn by its relative scarcity, rising commodity prices, and tax breaks………………………………………..Full Article: Source

Luxury condo builders in New York find eager takers

Posted on 21 March 2013 by Laxman  |  Email |Print

In the latest sign that New York City’s luxury market remains hot, the developer of Manhattan’s tallest residential tower said it has signed contracts to sell more than a third of its luxury condo units two years before the building is set to be completed.
The building, known as 432 Park, has a total asking price for its 126 units of $2.7 billion, according to a filing this week with the New York attorney general. That amount reflects a 13% increase over July and is the highest total asking price ever for a Manhattan condominium. The building’s average asking price of $6,742 a foot also is near the top………………………………………..Full Article: Source

Investment hotlist: Stockholm property market

Posted on 21 March 2013 by Laxman  |  Email |Print

Residential housing development in the inner most suburbs is very interesting right now. Around one-third of Sweden’s GDP comes from the Stockholm region and looking forward the region is expected to have 20.000–30.000 new people moving in each year. It’s a must to develop new housing in all districts, especially around the subway stations.
Converting offices to apartments. Many areas that used to be lucrative for offices are now even hotter for housing. Some buildings are being demolished, and in others the stocks can be re-used………………………………………..Full Article: Source

UAE: Growing investor interest in health care real estate

Posted on 20 March 2013 by Laxman  |  Email |Print

Property and retail markets could stand to benefit from growing investor interest in the UAE’s niche healthcare real estate segment, analysts and developers say. “It’s a sector of the market that traditionally has not been catered for by real estate investors but now there’s more investor interest in this segment,” said Craig Plumb, head of research for Mena at Jones Lang LaSalle.
A combination of government spending and a crowded traditional property market in the region is prompting investors to seek opportunities in healthcare real estate, which includes hospitals, clinics, medical universities and medical towers, he said………………………………………..Full Article: Source

UK: Buyers rush to ‘blinding’ returns from buy-to-let

Posted on 19 March 2013 by Laxman  |  Email |Print

Rightmove says government efforts to bolster lending had created an “arbitrage of immediate return”. Britain’s biggest property listings website today said investors were piling into buy-to-let for “blindingly good returns” after the government’s efforts to bolster lending had created an “arbitrage of immediate return”.
Rightmove said its research showed that rents are delivering average gross yields of “5.9 per cent”………………………………………..Full Article: Source

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

Posted on 19 March 2013 by Laxman  |  Email |Print

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

Jones Lang LaSalle chooses Bangalore for realty investment

Posted on 19 March 2013 by Laxman  |  Email |Print

Global property consultant Jones Lang LaSalle will be making its first real estate investment from its maiden India-focused fund in Bangalore, a development that indicates a cautious return of risk capital to the country’s beleaguered property market.
The transaction, which will be made by Jones Lang LaSalle’s Segregated Funds Group, will look to invest about Rs 30 crore in city-centric luxury residential projects, according to a person with direct knowledge of the transaction………………………………………..Full Article: Source

How to play an improvement (not a boom) in housing

Posted on 18 March 2013 by Laxman  |  Email |Print

After a housing crash that saw trillions of dollars of wealth eroded, millions of Americans entered loan defaults and lost their homes, Fannie Mae and Freddie Mac, and massive government bailouts, the housing market may have seen a bottom, recent data suggests.
Data released jointly by the U.S. Department of Housing and Urban Development and the Census Bureau indicates that privately-owned housing starts in January were at 890,000, 23% higher than the January 2012 rate of 720,000. Looking ahead, privately-owned housing units authorized by building permits in January were at 925,000, 35.2% above the January 2012 numbers………………………………………..Full Article: Source

European property back on cross-border radar: Savills

Posted on 18 March 2013 by Laxman  |  Email |Print

Europe is back on the radar of global cross-border investors and these buyers are set to be key drivers of the market in 2013, according to the latest European investment bulletin published by Savills.
The international real estate adviser noted that overseas purchasers have increased their presence predominantly in the UK (from 35% to 46% between 2011 and 2012), Germany (35% to 47%), Poland (90% to 96%) and France (42% to 45%), although there is a rise in appetite for the whole of Europe. ……………………………………….Full Article: Source

India: Real estate demand from luxury brands outstrips supply

Posted on 18 March 2013 by Laxman  |  Email |Print

The demand for suitable real estate from international luxury labels looking to enter or expand their operations in India continues although last year was not remarkable in terms of sales. “2012 was neither bad nor a great year for luxury brand retailers,” said Amitabh Mall, partner and director at consulting firm Boston Consulting Group, but the demand for appropriate space continues to be a primary challenge for key luxury labels.
In 2011, the local luxury market saw a robust 20% growth to touch $5.8 billion, according to Indian Luxury Review 2011, a report prepared by lobby group Confederation of Indian Industry, or CII, and consultancy AT Kearney………………………………………..Full Article: Source

Europe’s property funds returning to risk of “broken” real estate

Posted on 15 March 2013 by Laxman  |  Email |Print

Real estate investors are venturing out from the safety of the best buildings in Europe to gamble on edgier properties in a sign of risk-taking creeping back into the market as the euro zone crisis recedes.
Buildings that are partially or fully vacant, with short periods left on the lease or in need of a revamp, are in demand when they weren’t 12 months ago, some of the world’s biggest property funds told Reuters at the annual MIPIM property conference in Cannes this week…………………………………Full Article: Source

Investors to up allocation to Belgium: Savills

Posted on 15 March 2013 by Laxman  |  Email |Print

Domestic and international investors are set to increase their allocations to Belgian real estate. according to property adviser Savills. In the latest Belgium market report published at MIPIM, Savills said demand for well-let, prime assets is expected to continue to increase in 2013 as prime yields remain attractive at 5.75% for shopping centres and 5.35% for long-leased office buildings.
In addition, the adviser notes that the Belgian investment market recorded a 38% increase in 2012 compared to 2011 with a total volume of €2.01 bn…………………………………Full Article: Source

Australia: Investors are over-weighted in residential property

Posted on 15 March 2013 by Laxman  |  Email |Print

Australian investors are over-weighted in residential property, according to Australian Unity Investments.The manager has said it is important that investors, particularly those with self-managed super funds, broaden their approach to property investment to include more than just the residential sector.
“Generally speaking, Australians are over-exposed to residential property, especially those that own an investment property as well as their home,” said Australian Unity’s head of healthcare and retirement property, Chris Smith…………………………………Full Article: Source

Property investors pick Germany over UK in 2013

Posted on 14 March 2013 by Laxman  |  Email |Print

Germany surpassed Britain as the most attractive European property market in 2013 as fading fears of a euro zone break-up encourage investors to venture back into the bloc, a report showed on Wednesday.
A survey by property consultant CBRE Group (CBG.N) of 362 investors, including some of the world’s largest fund managers, found that 35 percent picked Germany as the most appealing market, compared with 24 percent that chose Britain………………………………….Full Article: Source

Denmark hunts for international property investors

Posted on 14 March 2013 by Laxman  |  Email |Print

Focus on foreign investor relations will be intense when a large number of Danish real estate professionals visit Cannes to participate in Europe’s leading property fair MIPIM. When the large-scale European real estate event MIPIM takes place in Cannes on 12-15 March, efforts will be improved to attract foreign investors to the Danish property market, says development manager Jacob Saxild from Copenhagen Capacity, coordinator of the Danish share in the Copenhagen-Malmo MIPIM stand.
An increasing number of international investors have already spotted Copenhagen’s opportunities. Many property investors are cautious to invest in the Southern European economies and instead they look towards Northern Europe, particularly to Scandinavia. says Jacob Saxild………………………………….Full Article: Source

Demand increasing for Thailand’s luxury residential property

Posted on 14 March 2013 by Laxman  |  Email |Print

Luxury Thai property is increasingly finding itself in high demand, according to Knight Frank’s Prime International Residential Index. The Global Property Guide reported that despite floods in the popular destination of Bangkok, the city saw real estate growth of 9.4 per cent in 2012. Phuket also enjoyed a relatively strong year in the luxury market, up 4.7 per cent to increase the supply availability and return on investment for the city.
Condominiums in Bangkok are proving particularly popular. Knight Frank claims that out of 27,084 units launched in the first half of 2012, 16,810 were purchased. This amounts to a take-up rate of 62.07 per cent, from 50.2 per cent in the second half in 2011. Prices have also risen in line with this surge in demand, with condominium values rising by 3.5 per cent from the end of 2011………………………………….Full Article: Source

First-home buyers exit the housing market

Posted on 14 March 2013 by Laxman  |  Email |Print

A national housing recovery may be facing a new hurdle, with first-home buyer mortgage commitments sliding to record lows in some states, according to the latest figures from the Australian Bureau of Statistics. Between December 2012 and January 2013, first-home buyer commitments slipped by 11 per cent, sparking concerns that the Australian housing market will continue to face strong headwinds if the trend is not reversed.
The number of first-home buyers as a percentage of total owner-occupied housing commitments remained steady at 14.9 per cent in January, but this has decreased steadily since September, when it sat at 19.4 per cent………………………………….Full Article: Source

5 American cities with cheap home prices

Posted on 13 March 2013 by Laxman  |  Email |Print

If you are looking to buy a home but are worried about the budget, here is your answer- buy distressed property. In the wake of a global economic recovery, the real estate market of the U.S. is on a steady rebound. Home prices are soaring more than ever in every region.
According to data released by a real estate research firm, RealtyTrac, it was observed that around 43 percent of the home sales in 2012 was contributed by foreclosure sales. The increase was furthermore fuelled by a discount on short sales and foreclosures………………………………………..Full Article: Source

Canada: What first-time buyers really need: affordable housing prices

Posted on 13 March 2013 by Laxman  |  Email |Print

While mortgage brokers are pressing the federal government to bring back 30-year mortgages and give first-time buyers a bigger tax break, Globe and Mail readers are not convinced that easing mortgage rules is the answer to the problem.
When the Globe and Mail asked readers in an online poll whether Ottawa should make it easier for first-time buyers to enter the real estate market, only 40 per cent of the nearly 2,500 respondents said yes, first-time buyers deserve a break………………………………………..Full Article: Source

UK market attractive for buyers in Hong Kong, China and Singapore

Posted on 13 March 2013 by Laxman  |  Email |Print

Cooling measures in Hong Kong, the mainland and Singapore are persuading buyers to invest in overseas properties, especially Britain. Developers of overseas projects are benefiting from the measures being taken by governments in Hong Kong, Singapore and the mainland to curb demand in their property markets.
Some firms plan to speed up launches across the world at lower prices in order to capture the anticipated growth in demand as investors respond to the restrictions by turning to offshore markets. Units are being sold for as low as £43,000 (HK$497,000)………………………………………..Full Article: Source

Sweden once more most liquid property market in Europe - DTZ

Posted on 13 March 2013 by Laxman  |  Email |Print

Latest research from DTZ shows Sweden has regained its position as the most liquid European commercial property market, with turnover at about 9% of its invested stock. DTZ measures liquidity by dividing a country’s invested stock by investment volumes in any given year.
According to that measure Norway (7.6%), the UK (6.4%), Poland (5.7%) and Germany (5.2%) where the next most liquid markets respectively in 2012, according to DTZ’s figures………………………………………..Full Article: Source

India: Luxury homes catch real estate market’s fancy

Posted on 13 March 2013 by Laxman  |  Email |Print

Luxury homes have caught the market’s fancy with nearly $2 billion (over Rs 10,000 crore) worth of such houses launched across the country last year, this at a time when there’s a general slowdown in the housing segment. According to estimates, close to 5,000 homes priced above Rs 3 crore (above Rs 5 crore in Mumbai) were launched across major metros during the year as absorption beat supply in these markets.
“Luxury real estate usually does well during recession or sluggish environment as we are seeing even now. In a highly uncertain environment , the super-rich clientele prefers to put their money into these hard assets than any intangible service or instruments ,” says Sanjay Dutt, executive managing director — South Asia, Cushman & Wakefield………………………………………..Full Article: Source

Beijing’s rising rents squeeze newcomers barred from home buying

Posted on 13 March 2013 by Laxman  |  Email |Print

Beijing’s strictest-in-the-nation property curbs are forcing up rents for about 7.7 million residents originally from outside of the city who are blocked from buying a home. The Chinese capital requires new arrivals to wait five years before purchasing a house, while cities including Shanghai permit ownership after one year of residency.
Beijing introduced restrictions on non-locals in 2011, followed by about 40 other cities, part of a three-year, largely unsuccessful campaign by the central government to contain the growth of property prices………………………………………..Full Article: Source

Global luxury real estate market showing ’strong momentum’

Posted on 12 March 2013 by Laxman  |  Email |Print

The international luxury real estate market remains relatively immune to the economic and political trends that drive the general housing market and is off to strong start in 2013, according to a report from high-end real estate affiliate network Christie’s International Real Estate.
The report compared 10 top property markets around the world: London, New York, Hong Kong, Paris, San Francisco, France’s Cote d’Azur, Toronto, Dallas, Los Angeles, and Miami. The company, a subsidiary of Christie’s auction house, also rolled out a new index, the Christie’s International Real Estate Index, which ranks markets across metrics such as record sales price, prices per square foot, percentage of non-local and international purchasers, and the number of luxury listings relative to population………………………………………..Full Article: Source

US: Is it time to invest in foreclosures?

Posted on 12 March 2013 by Laxman  |  Email |Print

Firms are buying up foreclosed homes and renting them out, hoping to profit from the appreciation. Individuals can do better, if they can buy a foreclosure that justifies itself in rent alone. Don’t look now, but some of the real estate markets that skyrocketed during the housing bubble and then crashed are heating up again.
Median housing prices in Las Vegas were up 20 percent in 2012, according to the National Association of Realtors (NAR). Cape Coral, Fla., once the nation’s foreclosure capital, saw 26 percent price appreciation last year………………………………………..Full Article: Source

Asia: Investors turning to commercial properties

Posted on 12 March 2013 by Laxman  |  Email |Print

Restrictive government measures and a fear of inflation are prompting investors to shift from residential to commercial properties. Research carried out by property consultancy firm Knight Frank showed that the value of transactions in the commercial property market has increased three times over the past four years.
This is in line with a global trend where more high net worth individuals (HNWIs) are investing in commercial property, according to Knight Frank’s annual Wealth Report. Said Nicholas Holt, regional head of research of Knight Frank Asia-Pacific: “In Hong Kong and Singapore, particularly, we are seeing more private investors who previously favoured residential investment looking at lower price point commercial property.”……………………………………….Full Article: Source

Indonesian property prospect shines like gold

Posted on 12 March 2013 by Laxman  |  Email |Print

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

Will nervous first-time buyers make this spring housing market bloom?

Posted on 11 March 2013 by Laxman  |  Email |Print

With the spring selling season approaching, all eyes are on a crucial segment of the real estate market – the first-time home buyer. It’s a group that includes people such as Tyler Padley and his wife Jamie McGovern, who have been renting in the west end of Toronto and are now looking to buy their first house and start a family.
Like many prospective homeowners, they are struggling to find what they want at a price they can afford – even though they’ve saved up a sizable down payment. With the average home price hovering at around $510,000, they’re realizing they may have to settle for a place that’s smaller or further from the city’s core than they wanted – assuming they take the plunge at all………………………………………..Full Article: Source

Top 10 places to buy a foreclosed home

Posted on 11 March 2013 by Laxman  |  Email |Print

The demand for foreclosed homes is so high that investors have picked clean some of the most obvious markets – Phoenix and Las Vegas, for example. But there are still deals if you look in other metropolitan areas in the United States, according to RealtyTrac, an online marketplace for foreclosure properties based in Irvine, Calif.
By adding up each metro’s inventory of foreclosed homes, foreclosure sales as a percentage of all sales, average foreclosure discount, and the annual increase in foreclosure activity, RealtyTrac found the Top 10 best places to buy a foreclosed home: 10. Chicago – 46 percent discount on foreclosed homes……………………………………….Full Article: Source

German property investment hampered by ‘dry’ pipeline

Posted on 11 March 2013 by Laxman  |  Email |Print

Investors’ attempts to acquire new German properties are being frustrated by the shortage of development finance which in turn is severely limiting the supply of new product. This was one of the key findings of PropertyEU’s latest Investment briefing on the German market.
Panel members told the briefing that a significantly limited supply across all sectors is reducing the opportunities for funds and developers to invest and hampering any demand for new space. This is particularly the case in the office sector where new investment opportunities are acutely short, the panel said………………………………………..Full Article: Source

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

Posted on 11 March 2013 by Laxman  |  Email |Print

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

The world’s most expensive real estate markets

Posted on 08 March 2013 by Laxman  |  Email |Print

Monaco remains the most expensive residential real estate market in the world, with luxury homes costing anywhere from $5,350 to $5,920 per square foot, according to a new wealth report from Knight Frank. While real estate prices in the tiny country are consistently high, Monaco saw a bump this year as buyers shied away from French hotspots in reaction to President Hollande’s wealth tax proposals, the Knight Frank report said.
And Monaco, which does not charge a personal income tax, was particularly popular with Russian buyers over French markets, according to the report. Luxury real estate prices there increased 2 percent year over year. Prices in 2012 jumped the most in Indonesia, where they increased 38 percent in Jakarta and 20 percent in Bali………………………………………..Full Article: Source

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Immigrants fuel home ownership demand

Posted on 08 March 2013 by Laxman  |  Email |Print

Immigrants will generate almost 36% of the increased demand for U.S. homes this current decade, new research shows. That’s down from 39% in the past decade, according to a report by researchers at the University of Southern California. Immigrants’ share of demand growth is being reduced largely because native-born buyers’ share is growing, the researchers say.
However, the immigrant buyers “really filled a big hole,” in the last decade as the number of native-born home buyers lagged due to demographic trends that saw many Americans too young for home ownership, says Dowell Myers, director of the Population Dynamics Research Group at the University of Southern California………………………………………..Full Article: Source

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There’s a buyer rush in the US housing market unlike anything we’ve ever seen: Credit Suisse

Posted on 08 March 2013 by Laxman  |  Email |Print

Credit Suisse analysts conduct a monthly survey of real estate agents in 40 housing markets across the U.S. to get a ground-level view of the market around the country.
The results from their latest survey are out, and Credit Suisse analyst Daniel Oppenheim writes in a note to clients that “the breadth of strength in both pricing and traffic at the start of spring selling season” is “unprecedented in [the] survey’s history (dating back to ‘05).”……………………………………….Full Article: Source

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Household worth in U.S. rises by $1.17 trillion on housing

Posted on 08 March 2013 by Laxman  |  Email |Print

Household wealth in the U.S. climbed in the fourth quarter to the highest level in five years, propelled by a gain in home prices that is helping repair family finances.
Net worth for households and non-profit groups increased by $1.17 trillion from October through December, or 1.8 percent from the previous three months, to $66.1 trillion, the Federal Reserve said today from Washington in its flow of funds report. It was the highest since the fourth quarter of 2007………………………………………..Full Article: Source

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Investor appetite returns to the property market across Europe

Posted on 08 March 2013 by Laxman  |  Email |Print

The European property sector is seeing a rebound in investor sentiment, with both the levels of activity and risk on the rise, property advisory firm CBRE reported. In a survey released ahead of next week’s MIPIM property conference in France, CBRE said 58 per cent of 362 investors questioned said they expected to buy more this year than last. This compares with 45 per cent giving the same answer last year.
Within this, a third of investors expect to be spending over 20 per cent more on investment deals in 2013 than they did in 2012………………………………………..Full Article: Source

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Is Australian property worth the risk?

Posted on 08 March 2013 by Laxman  |  Email |Print

Those looking to the RBA for succour that property price rises are inevitable are only seeing half the picture. In the post-GFC environment, APRA is just as important to credit availability. It is APRA that has to date forced banks to lend dollar for dollar on deposit growth. This means that there is an implicit macroprudential constraint on the distribution of credit, even if the price is cheap. By that I mean considerably tighter credit standards than pre-GFC.
I do not see this changing unless APRA itself changes, or is changed. And if it does not change then property price growth is inherently limited. ……………………………………….Full Article: Source

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Housing market sentiment rising with 80pct of consumers saying now is a good time to buy

Posted on 08 March 2013 by Laxman  |  Email |Print

Four out of five consumers (80%) say now is a good time to buy a home, according to a new consumer sentiment survey carried out by RP Data and online survey firm Nine Rewards in the first week of March.
This is up slightly from the 76% who said it was a good time to buy property when surveyed in October last year. Rising confidence about stepping onto the property ladder comes as more consumers expect property prices to rise over the next six and 12 months………………………………………..Full Article: Source

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Asia to become world’s most profitable property market

Posted on 07 March 2013 by Laxman  |  Email |Print

Report by Aviva Investors notes improving global conditions for real estate, highlighting Asia Pacific as offering the highest potential returns. Asia Pacific’s commercial real estate sector is poised to offer the ‘highest potential returns’ among global property markets over the next five years, according to Aviva Investors.
A recent report published by the asset manager forecasts an average annual return of between 9% and 11% from 2013 to 2017 for the sector in the Asia Pacific ex-Japan region. In particular higher-yielding sectors such as industrials in China and Australia are likely to drive performance in the region………………………………………..Full Article: Source

IPD: UK institutional investment into supermarkets tops GBP1bln in 2012

Posted on 07 March 2013 by Laxman  |  Email |Print

According to the latest IPD/Briant Champion Long UK Supermarket Investment Report, 2012 saw more than £1.2 billion (approx. €1.39 billion) of supermarket assets changing hands last year, as investors sought to lock into long-term, index-linked income. Last year, UK institutions accounted for 90% of all supermarket investment purchases.
The lacklustre performance of the bond market is driving an increasing number of UK institutional investors, particularly annuity funds, to buy supermarket property investments that can offer the returns and security of income that institutions require………………………………………..Full Article: Source

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