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Singapore: Big institutional investors buying up regional properties

Posted on 07 March 2013 by Laxman  |  Email |Print

Big institutional investors have been actively buying up properties across the region. Property investments by pension, insurance and sovereign wealth funds have doubled over the last two years. And some of these investments have spilled over into the Singapore property market.
Property sales for investment purposes hit S$31.45 billion in Singapore last year. These include purchases of government land, strata-titled commercial properties and acquiring units in Singapore’s Real Estate Investment Trusts or Reits, according to a report by property consultants CBRE………………………………………..Full Article: Source

Good times to return to CBD office market

Posted on 07 March 2013 by Laxman  |  Email |Print

The CBD office sector is set for prosperous times next year, according to real estate agents, as sentiments shift and tenants look to make the most of current market conditions. Colliers International’s CBD Office Research & Forecast Report for Australia and New Zealand predicts that next year will be one of renewed growth in the office market, offsetting the current weaker conditions.
Managing director of office leasing Simon Hunt said positive signs were prompting organisations to shift their focus beyond expected low economic growth this year. “Tenants are not yet in growth mode, but 2013 will be the year they get ready for a more prosperous 2014,” he said………………………………………..Full Article: Source

Home buyers are back, but where are the houses?

Posted on 04 March 2013 by Laxman  |  Email |Print

The first official day of Spring may still be 20 days away, but the Spring housing market is already underway. Buyer traffic is rising along with home prices, but one traditional Spring phenomenon is sorely absent: rising supply. The raw number of homes for sale is now at its lowest level in over 13 years, according to the National Association of Realtors, and the numbers continue to fall.
“Some listings are vanishing from a strategic decision of waiting for an even a higher price later. Some are due to few newly built homes available to trade-up to, hence some current existing home owners are unwilling to list. Some could be related to fear of being unable to buy after selling,” says Lawrence Yun, chief economist for the National Association of Realtors………………………………………..Full Article: Source

Cross-border investors drive Europe property market

Posted on 04 March 2013 by Laxman  |  Email |Print

European commercial real estate investment turnover reached 44.8 billion euros ($58.3 billion) in the fourth quarter (Q4) of 2012, an increase of 53 per cent on Q3 2012 and 25 per cent on Q4 2011, according to real estate services firm CBRE.
The increase in investment activity was largely driven by a significant rise in cross-border investment. Cross-border investors accounted for 46 per cent of the total in Q4 2012, up from 36 per cent in Q3 2012 (and 38 per cent in Q4 2011). This increase also goes a long way towards explaining the growth in average transaction size in Q4 2012………………………………………..Full Article: Source

BSG eyes distressed European property

Posted on 04 March 2013 by Laxman  |  Email |Print

Beny Steinmetz, the diamond mining entrepreneur and one of Israel’s richest men, is launching a $2bn venture to buy distressed European property, marking the latest effort by a wealthy investor to cash in on the funding difficulties facing the continent’s governments and companies.
The billionaire has hired Chris Papachirstophorou, a former head of real estate at Deutsche Bank’s fund management arm, RREEF, to oversee the business, which will be launched on Monday………………………………………..Full Article: Source

Ireland sees ‘encouranging’ rise in activity in 2013: CBRE

Posted on 04 March 2013 by Laxman  |  Email |Print

Ireland’s investment market is coming back to life with an ‘encouraging’ volume of activity across all sectors since the beginning of the year, said property consultant CBRE.
CBRE said it has increased its prime rent series for office properties in Dublin for the first time in six years and expects to revise this upwards again over the coming months………………………………………..Full Article: Source

UAE investors splash cash on European property - report

Posted on 04 March 2013 by Laxman  |  Email |Print

UAE investors bought almost €1bn (US$1.3bn) worth of commercial property in Europe during the second half of last year, according to international real estate advisor CBRE. The investment accounted for 3 percent of the cross-border commercial property purchases across the continent during the six months.
Buyers from across the Middle Eastern, particularly sovereign wealth funds, accounted for a significant amount of the investment that flowed into the European market last year, CBRE said………………………………………..Full Article: Source

NZ: Investor adds to rising housing market predictions

Posted on 04 March 2013 by Laxman  |  Email |Print

Veteran property investor Olly Newland is backing a prediction that the housing market will rise for another three years. The prediction was made by the chief economist of the BNZ on 3 News last night. Mr Newland is sceptical about most ideas for reigning in the market, but he has some ideas for helping one group of buyers.
The Auckland property market has risen faster than anywhere else in the country, which is a problem if, like Shelley Wilkinson, you are trying to sell your house in Wellington to buy a home in Auckland. “It just never quite got high enough for me to match what I wanted to buy up here,” says Ms Wilkinson………………………………………..Full Article: Source

Canadians are buying $19.8-bln of residential real estate in U.S.

Posted on 01 March 2013 by Laxman  |  Email |Print

According to the most recent study released by the National Association of Realtors, Canadians made up the largest share of foreign purchasers of US real estate, accounting for 24% of all international sales, surpassing China (11%) and Mexico (9%) combined. In total, international buyers purchased $82.5 billion in US real estate during the year ending March 2012, up from $66.4-billion in 2011.
“The Canadian real estate market has performed well since the recession, “said Jason Mercer, senior manager, market analysis at the Toronto Real Estate Board. “Save for a short period of price decline during the economic downturn in 2009, many markets across the country have experienced year-over-year price growth, including Greater Toronto, Canada’s largest metropolitan area.”……………………………………….Full Article: Source

Builders find investors eager to finance housing growth

Posted on 01 March 2013 by Laxman  |  Email |Print

Joel Shine, chief executive officer of Woodside Homes, raised $228 million in a debt and equity recapitalization in October, two years after the Salt Lake City- based builder exited bankruptcy. Investment bankers now are pushing closely held Woodside to sell stock publicly or issue debt as the home-construction industry bounces back from the real estate crash, he said.
“I hope the housing market is as good as the capital market seems to think it is,” Shine, who builds in Arizona, California, Nevada, Texas and Utah, said………………………………………..Full Article: Source

German institutional investors diversify outside home market

Posted on 01 March 2013 by Laxman  |  Email |Print

New regulations are prompting German insurance companies and pension funds to increase their exposure to property. Last year’s Christmas break was anything but quiet for the acquisition team of Allianz Real Estate. In December and January, the real estate arm of Germany’s largest insurance company acquired a number of assets at home and abroad.
Recent deals included the acquisition of the 33,000 m2 Medienfabrik office scheme in Munich for an estimated €90 mln. And the spending spree is set to continue………………………………………..Full Article: Source

Dubai’s property market set to witness $1 bln influx

Posted on 01 March 2013 by Laxman  |  Email |Print

Dubai’s real estate market, which is witnessing a resurgence this year, will get another major shot in the arm when the $1-billion Investment Corporation of Dubai (ICD)-Brookfield Dubai Real Estate Fund gets underway.
A move to start the fund was made on Wednesday with ICD and Brookfield Asset Management, the co-promoters of the fund, named Douglas Kirkman, Senior Vice-President of the Brookfield Property Group, as Chief Executive Officer of ICD-Brookfield Management Limited, the firm that will manage the fund………………………………………..Full Article: Source

Canadian real estate investors fret as housing blitz winds down

Posted on 28 February 2013 by Laxman  |  Email |Print

Herbert Crockett called Cairo, Geneva and New Delhi home in his four decades as a human resources executive with the World Health Organization. The Prince Edward Island native invested closer to his roots in 2005.
With Toronto on the verge of what turned into a colossal building spree, the 75-year-old retiree bought a $904,000 one-bedroom suite in the Trump International Hotel & Tower. Eight years later, the 65-story skyscraper is complete, exuding Manhattan-style glamour………………………………………..Full Article: Source

China property curbs in focus ahead of parliament meet

Posted on 28 February 2013 by Laxman  |  Email |Print

China’s property market is rife with speculation - both about rising house prices and about what the new government may do to curb them once it takes office next week.
Asset prices have whipsawed as investors first bet that government-mandated infrastructure spending would boost real estate prices, only to then fret about new measures to cool a market that has seen double-digit annual price rises in cities like Beijing and Shenzhen………………………………………..Full Article: Source

UK commercial property investment returns set to rise

Posted on 27 February 2013 by Laxman  |  Email |Print

Commercial property returns in the UK are set to improve in 2013 even though the economic growth for the year is likely to be slow, Property Wire reported on February 25. The industry website cited projections by Legal & General Property, UK’s third largest institutional property fund manager, which expects that prices for the market as a whole will remain stable throughout the year, in contrast to 2012 when the market fell about three percent.
Legal & General Property points to three key factors that will drive commercial property investment returns in 2013. First up is the efforts of central banks in Europe and beyond to stimulate growth, which have been factored into the company’s forecasts for higher economic growth………………………………………..Full Article: Source

Australia: Home ownership less pie in the sky for Gen Ys

Posted on 27 February 2013 by Laxman  |  Email |Print

If you don’t want to struggle to pay off a mortgage later in life, the best time to enter the property market is in your early to mid-20s. Securing a house or apartment at a young age not only jump-starts your wealth portfolio, it’s also a good savings strategy thanks to a government scheme that offers extra cash to those saving for a first home.
First home saver accounts (FHSAs) were launched in 2008. Initially, the federal government forecast that 700,000 accounts would be opened, but the Australian Prudential Regulation Authority says just 38,500 FHSAs were operating last September………………………………………..Full Article: Source

Investors freeze deals amid political instability in Bulgaria

Posted on 26 February 2013 by Laxman  |  Email |Print

The industrial property market in Bulgaria appears to be the hardest hit by the snap resignation of PM Boyko Borissov’s government and the following economic uncertainty in the country.
Foreign investors have eyed a few well-functioning ventures on the Bulgarian market over the past few month and real estate agents across the country expected many Greek companies to more their business to Bulgaria, because of the unstable financial situation in their country. Foreign investors have also inquired about a number of Bulgarian car parts manufacturers and producers of construction materials………………………………………..Full Article: Source

Real estate investments rose to 45 pct in Makkah in 2012

Posted on 25 February 2013 by Laxman  |  Email |Print

There is no doubt that Saudi Arabia’s real estate sector is poised to witness a boom in offering tremendous growth opportunities this year. This is due to the much-anticipated approval of the mortgage law, implementation of affordable housing projects and growth of the hotel and hospitality sector, as the industry further taps into religious tourism, which is expected to contribute to sector growth of more than 20 percent in 2013 alone.
It is for this reason that this year’s Cityscape Jeddah assumes importance……………………………………….Full Article: Source

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Hong Kong property investors turn to hotel loophole

Posted on 22 February 2013 by Laxman  |  Email |Print

Frustrated by dizzyingly high home prices in Hong Kong, investors are buying up something new: hotel rooms. This week, news that local developer Cheung Kong was selling all 360 units in its Apex Horizon hotel prompted hundreds of buyers to line up for the chance to plunk down cash. The units were all sold, netting the company—controlled by local billionaire Li Ka-shing—nearly $181 million.
Two-bedroom units sold for prices starting at $425,000, a good value for the area, despite rules that prohibit redecoration or other alterations to the unit, according to Ricacorp Properties’ Andy Jim. “It’s all investment,” said Mr. Jim, adding that speculators were keen to jump on a low-priced opportunity……………………………………Full Article: Source

Thailand: Real estate investment soars

Posted on 22 February 2013 by Laxman  |  Email |Print

Real estate investment in Thailand surged 81.8% to US$2 billion last year from $1.1 billion in 2011 as overall investment picked up on the back of strong property fund activity. As in neighbouring countries, Thailand’s investment activity was boosted by the listing of major property funds and active acquisitions, particularly in the hotel and office sectors, said the California-based property consultant DTZ, a unit of Australia’s UGL Ltd.
Transactions by listed property funds or public funds for public offering (PFPOs) totalled $1.1 billion last year, representing 55% of total investment in Thailand……………………………………Full Article: Source

Is buying a home cheaper than renting?

Posted on 21 February 2013 by Laxman  |  Email |Print

A new report says the average cost of paying off a mortgage is now £120 a month cheaper than paying rent. But is it that simple? A combination of plummeting mortgage costs and soaring monthly rents has meant that buying a home is now on average £120 cheaper than renting across the UK – and the gap has widened in the last year.
According to Halifax, the monthly costs associated with buying a three-bedroom house are now 16% lower than renting one, and this has risen from 14% in 2011. Average mortgage costs are £621 a month, compared to typical monthly rent of £741, says the bank. Over a year this amounts to a healthy saving of £1,140 for homeowners……………………………………Full Article: Source

CBRE: Investment in Russian office sector at an all-time high

Posted on 21 February 2013 by Laxman  |  Email |Print

According to the latest research by CBRE, in the fourth quarter of 2012 the volume of investment in Russian commercial real estate amounted to US $1.73 billion (approx. €1.28 billion).
In 2012, the office sector was the most popular, with investment volumes totaling US $2.6 billion (approx. €1.9 billion), accounting for 52% of the total volume of registered investment. In absolute volumes, investment in the office sector is at an all-time high……………………………………Full Article: Source

China orders more cities to restrict housing purchases

Posted on 21 February 2013 by Laxman  |  Email |Print

Chinese Premier Wen Jiabao called on local authorities to “decisively” curb real estate speculation and take steps to rein in the property market after data showed prices surged the most in two years last month.
Cities that have had “excessively fast” price gains should promptly impose home-purchase restrictions if they’ve not done so already, China said in a statement released yesterday after a State Council meeting headed by Wen. Provincial capitals and municipalities reporting directly to the central government should also publish annual price control targets to keep new- home costs “basically stable,” according to the statement……………………………………Full Article: Source

Malaysia residential property sector gets investors nod

Posted on 21 February 2013 by Laxman  |  Email |Print

Malaysia is set to take in a deluge of foreign investors avoiding the very high taxes in Singapore and Hong Kong. Property analysts in Kuala Lumpur are optimistic that the southeast Asian country will be the new hot spot for foreign property investors due to the newly imposed higher levies on properties in HK and Singapore.
Singaporeans, in particular, have preferred residential areas in Kuala Lumpur, Kota Kinabalu, Iskandar-Malaysia and Penang as viable alternatives for property holdings next to their city, Malaysiainsider.com reports……………………………………Full Article: Source

Hottest cities for real estate

Posted on 20 February 2013 by Laxman  |  Email |Print

Here’s a quick peek at housing by the lists: biggest price increases, best sellers’ markets and most underwater homes. You might have thought you’d never see another top-10 list of hot real-estate markets after the housing boom’s spectacular crash. Never say never.
Housing’s coming back, mostly. It’s creeping back in some places, leaping in others, but also declined in a few. Here’s a quick peek at housing by the lists: one list of the country’s hottest markets, another of the best markets for sellers, and one more of states with the most underwater homes. The last is a reminder that, while housing is healing, it’s not off the sick list yet…………………………………Full Article: Source

VietNam: What’ll the main markets be like in 2013?

Posted on 20 February 2013 by Laxman  |  Email |Print

The real estate market in 2012 did not recover as expected by investors, while it bogged down further in the crisis. High inventories and weak liquidity have been hindering the recovery of the market. Since late 2011, apartment and land prices have been decreasing continuously. Especially, high end apartment prices have dropped dramatically by 50 percent.
Real estate developers now think of pouring money into medium class projects and the housing projects for the poor, believing that this is the only way out for them. However, it’s still too early to say that the solution would rescue them…………………………………Full Article: Source

Is commercial property an alternative to low bond yields?

Posted on 19 February 2013 by Laxman  |  Email |Print

Peter Toogood, investment director for Morningstar OBSR, says that with equity markets recording their best January for two decades and bond bulls becoming rare, commercial property may be an attractive option for yield-started institutional investors.
Improving economic data and sentiment and the downplaying of prior “tail risk” concerns was not lost on the financial markets. World equities surged in January, with the MSCI World Equity Index recording the best January in 19 years. January also provided the index’s largest monthly outside of recovery rallies since 2010…………………………………….Full Article: Source

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Russia, the world’s next red hot real estate market

Posted on 19 February 2013 by Laxman  |  Email |Print

More global real estate investors say Russia a more attractive real estate investment than Europe. According to a 45 page report by Ernst & Young, released last week, 87% of roughly companies surveyed said Russia was an attractive or very attractive investment for properties, while 83% said the same about Europe. Within the margin of era, that makes Russia as good, if not better than Europe when it comes to the global property market.
The most active investors in this space are private wealth management firms gobbling up lower cost Russian properties, with 57% saying they were the most active investors in the country followed by Real Estate Investment Trusts…………………………………….Full Article: Source

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India: Transparency, regulatory clarity key to attract foreign capital

Posted on 19 February 2013 by Laxman  |  Email |Print

Analysts say real estate sector seeks key reforms that will ensure smoother land acquisition and remove regulatory uncertainties. India’s real estate sector needs greater transparency and transaction integrity to attract sovereign wealth funds that are paying more attention to property investment, consultants and sector analysts say.
The sector is seeking key reforms that will ensure smoother acquisition of land and remove regulatory uncertainties that are are deterring sovereign funds from venturing into the country, they said…………………………………….Full Article: Source

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Savills: Spanish investment volume records 10pct year-on-year rise

Posted on 18 February 2013 by Laxman  |  Email |Print

Savills latest Spanish research report shows that a fourth quarter pick-up in activity in Spain’s commercial property market resulted in a 10% year-on-year rise in investment volume in 2012, to €2.1 billion.
However, the international real estate advisor highlights that 50% of this year-end total is accounted for by three individual transactions, namely the sale of Torre Picasso for €400 million, the purchase of the Canalejas complex, Banco Santander’s headquarters in Madrid, by Villar Mir group for €215 million and the purchase of the 439 CaixaBank bank branches………………………………………..Full Article: Source

Do Australians spend too much on housing?

Posted on 18 February 2013 by Laxman  |  Email |Print

For those who own their own home and don’t have a mortgage their sense is often that other than for costs like council rates, utilities, building insurance and maintenance they don’t spend anything on housing. For those with a mortgage, they may add in the cost of their loan repayments.
But this is not the way the Australian Bureau of Statistics (“ABS”) looks at things in its National Accounts’ publications. When calculating how much we, as a nation, spend on housing services the ABS effectively looks at what the entire housing stock could be rented for, based on current rental rates………………………………………..Full Article: Source

Housing: Play the rebound

Posted on 15 February 2013 by Laxman  |  Email |Print

Housing stocks, which not so long ago looked as likely to pay off as a $2 Powerball ticket, have become a hot commodity. Anticipating the real estate recovery that surfaced in the fall — home prices in October were up 6.3% from a year earlier, and new-home construction reached a four-year high — housing-related stocks led the market in 2012.
Homebuilders (returning 77% through early December), the lumber industry (74%), and home-improvement stores (55%) were the top-performing industries in 2012, according to Morningstar. And the Dow Jones U.S. Home Construction ETF traded in December at a lofty 27 times projected earnings — nearly double the figure for the S&P 500………………………………………..Full Article: Source

Savills: Spanish investment volume records 10pct year-on-year rise

Posted on 15 February 2013 by Laxman  |  Email |Print

Savills latest Spanish research report shows that a fourth quarter pick-up in activity in Spain’s commercial property market resulted in a 10% year-on-year rise in investment volume in 2012, to €2.1 billion.
However, the international real estate advisor highlights that 50% of this year-end total is accounted for by three individual transactions, namely the sale of Torre Picasso for €400 million, the purchase of the Canalejas complex, Banco Santander’s headquarters in Madrid, by Villar Mir group for €215 million and the purchase of the 439 CaixaBank bank branches………………………………………..Full Article: Source

Polish investment nears pre-crisis levels

Posted on 15 February 2013 by Laxman  |  Email |Print

Poland saw €2.7 bn of commercial real estate investment last year, matching pre-crisis volumes for the first time since the onset of credit crisis, according to Colliers International. The result was mostly due to an impressive fourth quarter, during which around €1.6 bn of deals was reported.
The market was driven by large single transactions such as those involving Manufaktura, Zlote Tarasy and Warsaw Financial Center, underlining the confidence vested in the Polish market by the international investment community, Colliers said………………………………………..Full Article: Source

S.Africa: Market outlook still bullish for commercial property

Posted on 15 February 2013 by Laxman  |  Email |Print

Property investors and developers are upbeat about the prospects for the South African commercial property sector this year despite expectations by analysts and property professionals that the market will remain sluggish.
Gary Palmer, the chief executive of Paragon Lending Solutions, said the retail property sector was expected to grow, with a number of retailers wanting to increase exposure. The industrial sector was likely to remain stable but the office sector was not expected to recover soon, he said. Paragon had witnessed a surge in clients looking for funding for growth, indicating clients were more positive going into this year than last year………………………………………..Full Article: Source

China: Real estate services: time to buy?

Posted on 15 February 2013 by Laxman  |  Email |Print

Soufun’s latest results point to a strong rebound for buying and selling activity in the real estate market, providing potential upside for the company’s profits and shares. After showing early signs of a pickup last fall, online real estate services firm Soufun is sending even stronger signals that springtime may indeed be coming for companies that make their money from buying and selling activity in the property market.
Here it’s important to point out that this coming spring for market leaders Soufun and E-House doesn’t mean that China’s real estate prices are going to start rising sharply again anytime soon. Instead, what it means is that real estate buyers and sellers are starting to feel confident that the market has stabilised after more than a year of uncertainty due to government cooling policies………………………………………..Full Article: Source

Housing as an investment? Yes, that idea is back

Posted on 14 February 2013 by Laxman  |  Email |Print

Should you look at housing as a (good) investment? For the love of five years of foreclosures, bank failures, and congressional testimonies, have we learned nothing? Bobcats and coyotes, after all, were taking over condemned houses with antifreeze-green pools. That’s pretty Mad Max where I come from.
Don’t look now, but with the sector resurgent—prices for single-family homes climbed in 88 percent of U.S. cities in the fourth quarter—the idea of “house as nest egg” is making a comeback………………………………………..Full Article: Source

Five reasons not to buy a Toronto condo

Posted on 14 February 2013 by Laxman  |  Email |Print

The Toronto condo market has been the centre of much discussion recently, with even the Bank of Canada giving it significant coverage in the December 2012 edition of the Financial Stability Review.
The potential risks facing this market segment have now crept to the forefront in discussions on the health of the overall Toronto real estate market - and for good reason. As the Bank of Canada noted, “Price corrections in particular segments of the housing market may put downward pressure on house prices more generally.” Because of this, the health of the condo market ought to be of interest to everyone in Toronto………………………………………..Full Article: Source

Real estate investors fear London ‘bubble’

Posted on 14 February 2013 by Laxman  |  Email |Print

London’s property is losing its attraction for investors as they start to venture out of “safe havens” and worry that the city’s prices look high given a slowing British economy.
A reputation as a safe place to park money during global market turmoil helped drive central London office prices up 52 per cent between mid-2009 and the end of 2012. Prices in the smaller luxury residential market grew at a similar pace………………………………………..Full Article: Source

Real estate in UAE seen to offer good affordability

Posted on 14 February 2013 by Laxman  |  Email |Print

Investors should re-balance portfolios in 2013 away from fixed income to take advantage of better returns in other asset classes, including equities, commodities and real estate, according to Emirates NBD Wealth Management, a part of the Middle East’s leading bank.
Mark McFarland, chief investment strategist at Emirates NBD Wealth Management, said on Wednesday that investors should also look closely at alternative asset classes. “Real estate in the UAE continues to offer good affordability while demand is seen rising, particularly in apartment and commercial sectors,” he said………………………………………..Full Article: Source

Private residential property in Cambodia attracting foreign investors

Posted on 14 February 2013 by Laxman  |  Email |Print

Private residential property in Cambodia is being seen by some investors as relatively cheap, with potential for attractive returns. Industry players believe these factors are the main draw for foreign buyers, looking to grow their money in Cambodia.
Over 2,000 new private residential units are going on sale in 2013, and there are plans to launch an additional 1,000 units at the end of the year………………………………………..Full Article: Source

Real estate players turn their eyes to hotels

Posted on 13 February 2013 by Laxman  |  Email |Print

Real estate players are increasingly buying hotels to turn them into everything from private schools to retirement homes and apartment buildings.
An abundance of hotels are being put up for sale in Canada for a variety of reasons and a growing proportion of them are being bought by real estate firms, which have typically accounted for a small proportion of the acquisitions, according to a new report on the state of the hotel industry that will be released by real estate services firm CBRE on Tuesday………………………………………..Full Article: Source

Lebanese emerge top Arab investors in Dubai property market in 2012

Posted on 13 February 2013 by Laxman  |  Email |Print

Arab nationals bought properties worth Dh4.88 billion in Dubai last year, according to statistics shared with this website by the Dubai Land Department. The total Arab money invested in Dubai’s property market was a mere 9 per cent of the overall Dh58.6 billion investments made by Gulf Cooperation Council, Arab and other foreign nationals.
Lebanese were the largest Arab investors, having purchased real estate worth Dh984 million while Jordanians pumped in Dh947 million………………………………………..Full Article: Source

Global real estate investments to hit $500bln

Posted on 12 February 2013 by Laxman  |  Email |Print

The direct investment into commercial real estate globally is on a high and the volumes are likely to reach a whopping $500 billion in 2013 from $443 billion in 2012, due to increased levels of demand for real estate coupled with a strategic reallocation towards this asset class by institutional investors, said a new report.
The volumes in the Europe, Middle East and Africa (EMEA) are likely to remain the same in 2013 as those achieved in 2012, according to the latest research from property expert Jones Lang LaSalle (JLL)………………………………………..Full Article: Source

UK: Commercial property investors lose almost 12pct

Posted on 12 February 2013 by Laxman  |  Email |Print

Investors in UK commercial property funds have lost almost 12 per cent over the last five years, according to housing investment and equity mortgage provider Castle Trust. Castle Trust’s research analysed the returns received from 42 funds in the IMA Property Sector which found that the best return from the 14 funds focused on the UK over five years is +1 per cent while the worst is -26.6 per cent, with the sector averaging losses of 11.4 per cent.
The research also showed that 34 per cent of financial advisers expect increased activity in the UK residential property market during 2013 as the sector begins to recover………………………………………..Full Article: Source

Norway sovereign wealth fund enters US property market

Posted on 12 February 2013 by Laxman  |  Email |Print

Norway’s Government Pension Fund, the world’s largest sovereign wealth fund, said Monday it had entered the US real estate market by investing $600 million (448 million euros) in five office properties.
The fund bought a 49.9 percent stake in five office buildings in Washington DC, New York and Boston after forming a joint venture with the seller, TIAA-CREF, a pension fund. The US fund will retain a 50.1 percent holding and will be responsible for managing the properties, it said………………………………………..Full Article: Source

Real estate investors not always very keen on hedge funds

Posted on 12 February 2013 by Laxman  |  Email |Print

Real estate investors are not your usual investors and most of the times, could be biased against hedge funds, said Marc Lehmann, General Partner at Riverloft Capital during the latest Opalesque Florida Roundtable. The Roundtable took place in December 2012 at Wells Fargo’s Miami office and was sponsored by Wells Fargo and Eurex.
Lehmann said, “I found it outrageous how some investors are in fact able to cope with a decline of real estate prices of 40% or 50%, but do not want to deal with the volatility of the stock market or with hedge fund investing. There is a certain level of resiliency towards volatility, but when it comes to hedge funds and the stock market, they feel different. Somehow they feel empowered by price quotes on Yahoo Finance or whatever platforms they use to look at price history and make judgment without proper fundamental analyses.”……………………………………….Full Article: Source

UK property fund managers put up the gates

Posted on 11 February 2013 by Laxman  |  Email |Print

UK property fund managers are again attempting to impede investors from exiting funds as performance stalls. The so-called gates are being put up as property funds suffer from a growing divide in values between prime locations and weaker real estate in secondary markets.
In a fourth quarter report, Aviva Investors’ £1.1bn pensions property fund deferred redemptions for up to 12 months after experiencing an increase in requests from investors to pull their money………………………………………..Full Article: Source

Israeli real estate market

Posted on 11 February 2013 by Laxman  |  Email |Print

Investing in Israel’s residential property has recently been fairly profitable. Housing prices are growing. They have increased by 50% over the last 5 years. The Israeli housing market is especially popular with Russians. They keep buying apartments even when they are overpriced.
Obviously, you can find a lot of websites offering you to purchase residential property in Israel. However, not all of those real estate agencies vary are reliable. Therefore, it is important to find those agencies that have been in the industry for a long time. They should be licensed and should value their image. How to find such real estate agencies? What are the criteria?……………………………………….Full Article: Source

Top investors in Dubai real estate 2012 – and guess how much did they spend?

Posted on 11 February 2013 by Laxman  |  Email |Print

UAE nationals topped the list of investors in Dubai’s real estate in 2012 while Indians came second in the list of top property buyers, Dubai Land Department (DLD) data shows.
Total investments by Gulf Cooperation Council, Arab and foreign investors reached Dh58.6 billion last year with the total number of investors reaching 18,635. Foreign investors numbering 13,573 invested Dh36 billion in Dubai property………………………………………..Full Article: Source

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