Opalesque Real Estate Briefing » Finance http://www.opalesque.com/Realestate_Briefing Daily global real estate investment news Wed, 15 May 2013 00:49:48 +0000 http://wordpress.org/?v=2.5.1 en Canadian house prices edge higher in April http://www.opalesque.com/Realestate_Briefing/?p=62542 http://www.opalesque.com/Realestate_Briefing/?p=62542#comments Wed, 15 May 2013 00:49:48 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=62542 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=62542>Article Link</a> Canadian home prices rose in April from March as three strong cities in Western Canada more than offset weak showings elsewhere, while the annual gain in prices slowed, the Teranet-National Bank Composite House Price Index showed on Tuesday. (more…)

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Trulia: It’s still a housing rebound, not a bubble http://www.opalesque.com/Realestate_Briefing/?p=62539 http://www.opalesque.com/Realestate_Briefing/?p=62539#comments Wed, 15 May 2013 00:48:51 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=62539 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=62539>Article Link</a> Home prices today are rising nearly as fast as they did during the peak bubble years of 2005 and 2006. Since that bubble helped push us into the Great Recession, we should all be on high alert for the next housing bubble. (more…)

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Housing improvement may herald return of U.S. workforce mobility http://www.opalesque.com/Realestate_Briefing/?p=62498 http://www.opalesque.com/Realestate_Briefing/?p=62498#comments Tue, 14 May 2013 03:15:21 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=62498 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=62498>Article Link</a> While far from their 2006 peak, home prices in major metropolitan areas have been rising since early 2012. If that persists, it should make it easier for Americans to move and for employers to match job seekers with available jobs, lowering the jobless rate and increasing overall economic productivity and growth.
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German asset managers join forces to launch US property boutique http://www.opalesque.com/Realestate_Briefing/?p=62489 http://www.opalesque.com/Realestate_Briefing/?p=62489#comments Tue, 14 May 2013 03:08:28 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=62489 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=62489>Article Link</a> A German asset management boutique and a US property investor, both based in Germany, have launched a joint venture to create a new company targeting institutional and private clients looking to invest in US real estate. (more…)

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Spain home expropriation plans seen violating EU bailout http://www.opalesque.com/Realestate_Briefing/?p=62488 http://www.opalesque.com/Realestate_Briefing/?p=62488#comments Tue, 14 May 2013 03:08:13 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=62488 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=62488>Article Link</a> Spanish politicians trying to cushion the blows of austerity plan to seize foreclosed homes to house the needy, discouraging foreign investment and threatening to violate terms of the European bailout of the country’s banks. (more…)

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Turnover of real estate market in Azerbaijan grew by 40pct up to AZN 900 mln for past quarter http://www.opalesque.com/Realestate_Briefing/?p=62487 http://www.opalesque.com/Realestate_Briefing/?p=62487#comments Tue, 14 May 2013 03:07:47 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=62487 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=62487>Article Link</a> The Central Bank of Azerbaijan reports that turnover of country’s residential property market for 1st quarter of 2013 increased by 40.1% against the same term of 2012. In 2012 the index grew by 24.86% against 2011. (more…)

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18.3pct price increase puts Dubai among world’s hottest property markets http://www.opalesque.com/Realestate_Briefing/?p=62486 http://www.opalesque.com/Realestate_Briefing/?p=62486#comments Tue, 14 May 2013 03:07:32 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=62486 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=62486>Article Link</a> Property prices in Dubai rose 18.3 per cent in the past one year (March 2012 to March 2013), with the emirate maintaining it’s position among the top five best performing real estate markets in the world, according to a new report. (more…)

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Is this the spring for real estate? http://www.opalesque.com/Realestate_Briefing/?p=61986 http://www.opalesque.com/Realestate_Briefing/?p=61986#comments Fri, 10 May 2013 02:38:54 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61986 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61986>Article Link</a> Real estate enthusiasts are well aware of the seasonal strength usually seen in the business in the springtime. However, so far this season it has been hard to find sign of a spring fling, save perhaps in the performance of the iShares Dow Jones US Real Estate ETF (IYR), up 16% year-to-date through May 8. (more…)

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Dubai: Delinking valuations from real estate cycles http://www.opalesque.com/Realestate_Briefing/?p=61982 http://www.opalesque.com/Realestate_Briefing/?p=61982#comments Fri, 10 May 2013 02:37:58 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61982 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61982>Article Link</a> Valuations should be based on solid surmises rather than led by demand spikes. “It usually takes five or six years to recover from a downturn” — such a statement was repeatedly used by many after the Dubai property market’s decline in 2008… and they were right. (more…)

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Australia: Confused by reports on what the property market is doing? You’re not alone http://www.opalesque.com/Realestate_Briefing/?p=61977 http://www.opalesque.com/Realestate_Briefing/?p=61977#comments Fri, 10 May 2013 02:36:11 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61977 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61977>Article Link</a> Did city prices stagnate in the March quarter? Or did they show moderate growth? Or perhaps they rose strongly? All three interpretations are possible, depending on which information source you choose to highlight. (more…)

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Stronger housing market raises financial risk for NZ - RBNZ http://www.opalesque.com/Realestate_Briefing/?p=61964 http://www.opalesque.com/Realestate_Briefing/?p=61964#comments Thu, 09 May 2013 02:44:07 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61964 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61964>Article Link</a> A surging New Zealand housing market is raising the risks to the country’s financial system, prompting a move to tighten lending rules for major banks, while an overvalued currency is hindering the rebalancing of the economy, the central bank said on Wednesday. (more…)

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Another U.S. housing market crisis on the horizon? http://www.opalesque.com/Realestate_Briefing/?p=61939 http://www.opalesque.com/Realestate_Briefing/?p=61939#comments Wed, 08 May 2013 01:41:33 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61939 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61939>Article Link</a> Home prices are heating up, as the flow of new homes and permits continue to steadily increase and the attraction of historically low mortgage rates motivates buyers. The buyers that are driving up the housing market are not only the buyers of principal homes, but also the investors who are attracted to the relatively lower home prices and cheap financing. (more…)

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Canadian housing - bursting bubble or gentle landing? http://www.opalesque.com/Realestate_Briefing/?p=61936 http://www.opalesque.com/Realestate_Briefing/?p=61936#comments Wed, 08 May 2013 01:40:48 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61936 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61936>Article Link</a> It’s looking like an unsettling spring in Canadian housing, a market that has proven far more even-keeled and less scary for investors in recent years than in the United States. (more…)

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London property prices continue to outperform http://www.opalesque.com/Realestate_Briefing/?p=61934 http://www.opalesque.com/Realestate_Briefing/?p=61934#comments Wed, 08 May 2013 01:40:13 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61934 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61934>Article Link</a> According to HM Land Registry All Transaction Data, prices in the area rose 25% across the year to reach an average of £1,186,817. LCP said this price increase is equivalent to earning £122 an hour for a working week, 14 times the London Living Wage (£8.55). (more…)

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Stamp duty chokes sales of Hong Kong commercial property http://www.opalesque.com/Realestate_Briefing/?p=61926 http://www.opalesque.com/Realestate_Briefing/?p=61926#comments Wed, 08 May 2013 01:38:09 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61926 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61926>Article Link</a> Commercial property deals in the city fell sharply over the past three months as short-term investors shied away after the doubling of stamp duty on the purchase of both residential and non-residential properties. (more…)

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Singapore luxury property – A dormant market worth exploring http://www.opalesque.com/Realestate_Briefing/?p=61924 http://www.opalesque.com/Realestate_Briefing/?p=61924#comments Wed, 08 May 2013 01:37:41 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61924 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61924>Article Link</a> With personal income tax capped at a modest 20% and no capital-gains tax, it’s unsurprising that Singapore has become a magnet for wealth around the region. In a recent survey of 1,000 mobile millionaires, Singapore was deemed the most desirable place to call home in Asia – billionaires Richard Chandler and Eduardo Saverin are amongst the notable individuals who have chosen Singapore as their home-away-from-home. (more…)

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Swiss property market slows in first quarter, says UBS http://www.opalesque.com/Realestate_Briefing/?p=61805 http://www.opalesque.com/Realestate_Briefing/?p=61805#comments Tue, 07 May 2013 02:41:52 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61805 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61805>Article Link</a> The rate of increase in Swiss house prices slowed in the first quarter, research showed on Friday, suggesting moves by the government to deflate a property bubble are starting to take effect. (more…)

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Canadian housing: Bursting bubble or gentle landing? http://www.opalesque.com/Realestate_Briefing/?p=61712 http://www.opalesque.com/Realestate_Briefing/?p=61712#comments Fri, 03 May 2013 02:23:52 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61712 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61712>Article Link</a> It’s looking like an unsettling spring in Canadian housing, a market that has proven far more even-keeled and less scary for investors in recent years than in the United States. (more…)

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World’s most expensive property prices set to grow by 27pct in next five years http://www.opalesque.com/Realestate_Briefing/?p=61699 http://www.opalesque.com/Realestate_Briefing/?p=61699#comments Fri, 03 May 2013 02:19:06 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61699 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61699>Article Link</a> The value of residential property purchases over £10 million in the world’s top financial hubs of London, New York, Hong Kong and Singapore is set to grow by 27% in the next five years according to a report released today by developers Candy & Candy. (more…)

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Canada: The real cost of home ownership http://www.opalesque.com/Realestate_Briefing/?p=61670 http://www.opalesque.com/Realestate_Briefing/?p=61670#comments Thu, 02 May 2013 01:48:18 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61670 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61670>Article Link</a> The sucker’s analysis of whether it’s affordable to buy a first home is to compare the cost of rent and a mortgage payment. (more…)

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First people to buy through UK’s help to buy scheme move in http://www.opalesque.com/Realestate_Briefing/?p=61668 http://www.opalesque.com/Realestate_Briefing/?p=61668#comments Thu, 02 May 2013 01:47:16 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61668 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61668>Article Link</a> The first people to buy their home under the UK’s new £4.5 billion Help to Buy scheme have the keys to their new three bedroom semi detached house. The first time buyers have moved into their Taylor Wimpey home in Liverpool after securing a 20% loan under the government scheme which then enabled them to obtain a 75% loan to value mortgage. They put down a 5% deposit. (more…)

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Is Hong Kong’s property bubble about to burst? http://www.opalesque.com/Realestate_Briefing/?p=61660 http://www.opalesque.com/Realestate_Briefing/?p=61660#comments Thu, 02 May 2013 01:44:09 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61660 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61660>Article Link</a> It’s one of the big questions in global finance these days. Hong Kong has the highest home prices among major global cities, including London, New York and Tokyo, according to a report by the international property consultancy Savills. (more…)

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How to fix the great real estate after-bubble http://www.opalesque.com/Realestate_Briefing/?p=61603 http://www.opalesque.com/Realestate_Briefing/?p=61603#comments Fri, 26 Apr 2013 02:19:42 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61603 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61603>Article Link</a> There’s an additional reason the Wall Street property grab will injure struggling homeowners: Single family homes make a truly lousy absentee investment. Many of us who have become accidental landlords — after moving or the death of a parent — have learned that management easily becomes a nightmare. The very nicest people can turn into “tenants from hell” — such as drug addicts. (more…)

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Spanish real estate prices near bottom, Santander CEO Saenz says http://www.opalesque.com/Realestate_Briefing/?p=61599 http://www.opalesque.com/Realestate_Briefing/?p=61599#comments Fri, 26 Apr 2013 02:18:11 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61599 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61599>Article Link</a> Banco Santander SA (SAN)’s decision to “retract” as much as 1 billion euros ($1.3 billion) of provisions to cover property price declines may show Spain’s real estate market is close to its lowest point, Chief Executive Officer Alfredo Saenz said. (more…)

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Inside China’s economy: ¥710bln lent to property market in Q1 http://www.opalesque.com/Realestate_Briefing/?p=61595 http://www.opalesque.com/Realestate_Briefing/?p=61595#comments Fri, 26 Apr 2013 02:16:54 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61595 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61595>Article Link</a> Chinese banks lent ¥710.3 billion to the property development in Q1 2013, ¥466.7 billion more than a year earlier, according to a report released by the central bank. Property loans represented 27% of total lending in Q1 2013. Outstanding loans taken out by the real estate sector, including those issued by foreign banks, amounted to ¥12.98 trillion as of the end of March 2013, up 16.4% from a year earlier, the People’s Bank of China said. (more…)

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China’s Q1 outstanding property loans up 16.4pct http://www.opalesque.com/Realestate_Briefing/?p=61594 http://www.opalesque.com/Realestate_Briefing/?p=61594#comments Fri, 26 Apr 2013 02:16:42 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61594 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61594>Article Link</a> China’s outstanding real estate loans in the first quarter rose 16.4 per cent from the same period a year ago, even while overall industrial lending slowed, providing new evidence that the property market in Asia’s largest economy is still heating up. (more…)

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Australia: Property values to double? http://www.opalesque.com/Realestate_Briefing/?p=61590 http://www.opalesque.com/Realestate_Briefing/?p=61590#comments Fri, 26 Apr 2013 02:15:38 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61590 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61590>Article Link</a> The S&P/ASX 200 has made significant gains this year on the back of heavy investments made in blue-chip stocks. Recent turbulence in the mining industry and overseas markets has left many investors wondering whether the share market has run its race, and whether now may be the time to take their profits and seek gains elsewhere. (more…)

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UK: Banks report housing market boost and predict increase in first-time buyers http://www.opalesque.com/Realestate_Briefing/?p=61581 http://www.opalesque.com/Realestate_Briefing/?p=61581#comments Thu, 25 Apr 2013 02:04:35 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61581 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61581>Article Link</a> There was a faint whiff of possible good news for homeowners in the latest mortgage statistics published on today. Mortgage approvals climbed slightly in March, suggesting government moves to bolster the property market may be beginning to be successful. (more…)

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Is there a Chinese housing bubble? http://www.opalesque.com/Realestate_Briefing/?p=61552 http://www.opalesque.com/Realestate_Briefing/?p=61552#comments Wed, 24 Apr 2013 02:19:34 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61552 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61552>Article Link</a> Shanghaiist is pleased to present this exclusive excerpt from Landed China: Key Local Knowledge You Need When Buying Property, by Christopher Dillon. Christopher is an award-winning author who has previously written about buying property in Hong Kong and Japan. (more…)

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Korea’s household debt-to-income ratio hits 9-year high in 2012 http://www.opalesque.com/Realestate_Briefing/?p=61550 http://www.opalesque.com/Realestate_Briefing/?p=61550#comments Wed, 24 Apr 2013 02:18:50 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61550 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61550>Article Link</a> The ratio of South Korea’s household debt against disposable income rose to the highest level in nine years in 2012 as debt grew at a faster pace than income amid the economic slowdown, central bank data showed Wednesday. (more…)

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Home prices up 12 pct as investors bet on real estate http://www.opalesque.com/Realestate_Briefing/?p=61542 http://www.opalesque.com/Realestate_Briefing/?p=61542#comments Tue, 23 Apr 2013 01:47:22 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61542 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61542>Article Link</a> Prices of existing homes in the US rose 12 percent in March from the same month last year, as the real estate market continues to bounce back, providing much-needed help to the nation’s economy. (more…)

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Inside America’s billionaire housing boom http://www.opalesque.com/Realestate_Briefing/?p=61541 http://www.opalesque.com/Realestate_Briefing/?p=61541#comments Tue, 23 Apr 2013 01:47:04 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61541 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61541>Article Link</a> Stocks have been sliding. Goldbugs are reeling. China’s growth is slowing. Speculation is flying that France and Germany may face credit downgrades. And the hefty offshore accounts of rich investors, particularly Russians, face seizure in Cyprus as bailout looms. (more…)

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The future of housing – Less government, more private capital http://www.opalesque.com/Realestate_Briefing/?p=61539 http://www.opalesque.com/Realestate_Briefing/?p=61539#comments Tue, 23 Apr 2013 01:46:26 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61539 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61539>Article Link</a> Our nation’s housing finance system is broken. Yes, it looks as if the housing market is slowly beginning to recover from the recession. And, yes, Fannie Mae and Freddie Mac turned a sizable profit last year. But these positive developments cannot mask the fact that far too many Americans still cannot buy or refinance a house. (more…)

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Macau: High prices strangling second-hand market: Realtor http://www.opalesque.com/Realestate_Briefing/?p=61526 http://www.opalesque.com/Realestate_Briefing/?p=61526#comments Tue, 23 Apr 2013 01:43:03 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61526 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61526>Article Link</a> The second-hand real estate market is being negatively impacted by a mismatch between the prices asked by sellers and bank valuations, Centaline (Macau) Property Agency Ltd writes in its latest market review. (more…)

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London luxury property market price growth unsustainable: Grosvenor Group http://www.opalesque.com/Realestate_Briefing/?p=61516 http://www.opalesque.com/Realestate_Briefing/?p=61516#comments Mon, 22 Apr 2013 02:15:36 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61516 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61516>Article Link</a> The luxury property boom in London is unsustainable, according to Grosvenor Group, the £5.8 billion investment group. It told Reuters that the rate of luxury home price growth in London looks shaky after years of foreign investment in the safe-haven market. (more…)

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Abu Dhabi rents slip 3pct in Q1, says CBRE http://www.opalesque.com/Realestate_Briefing/?p=61509 http://www.opalesque.com/Realestate_Briefing/?p=61509#comments Mon, 22 Apr 2013 02:13:53 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61509 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61509>Article Link</a> An Abu Dhabi government ruling for its employees to live in the emirate is starting to have an impact on the local property market, CB Richard Ellis has said in a new report. (more…)

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Property needs to be viewed as investment class asset http://www.opalesque.com/Realestate_Briefing/?p=61504 http://www.opalesque.com/Realestate_Briefing/?p=61504#comments Mon, 22 Apr 2013 02:12:30 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61504 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61504>Article Link</a> Property needs to be seen as an investment class asset to ensure self-managed super fund (SMSF) trustees are receiving adequate advice. (more…)

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Sydney property prices regain all lost ground http://www.opalesque.com/Realestate_Briefing/?p=61503 http://www.opalesque.com/Realestate_Briefing/?p=61503#comments Mon, 22 Apr 2013 02:12:12 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61503 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61503>Article Link</a> Property prices in Sydney have regained all their losses since the property slump in 2010 making it the first Australian city to do so whilst Melbourne has maintained steady prices despite predictions that prices would fall further. (more…)

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Inside America’s billionaire housing boom http://www.opalesque.com/Realestate_Briefing/?p=61494 http://www.opalesque.com/Realestate_Briefing/?p=61494#comments Fri, 19 Apr 2013 03:29:16 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61494 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61494>Article Link</a> “The U.S. is just coming out of a housing downturn and it’s become a global safe haven for investors,” says Jonathan Miller, chief executive of Miller Samuel, a New York-based real estate appraisal firm. “But this time it’s not carpenters and nurses quitting their jobs to become mom-and-pop investors; it’s billionaires looking to sink money into unique properties.” (more…)

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S.Arabia: Real estate experts expect the housing bubble to burst soon http://www.opalesque.com/Realestate_Briefing/?p=61486 http://www.opalesque.com/Realestate_Briefing/?p=61486#comments Fri, 19 Apr 2013 03:26:10 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61486 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61486>Article Link</a> The royal order related to land grants and construction loans will lead to a reduction in the Kingdom’s current exorbitant rents and property prices, a spokesman for the Ministry of Housing was quoted as saying in local media. (more…)

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King orders land and home loans for Saudis http://www.opalesque.com/Realestate_Briefing/?p=61464 http://www.opalesque.com/Realestate_Briefing/?p=61464#comments Thu, 18 Apr 2013 00:27:08 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61464 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61464>Article Link</a> Custodian of the Two Holy Mosques King Abdullah has issued orders to grant citizens plots of land that have already been developed to build houses, and loans to construct houses on that land. The directive follows an earlier order of the King allocating SR250 billion to build 500,000 housing units for citizens without a home throughout the Kingdom. (more…)

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China local authority debt could be worse than US housing market crash http://www.opalesque.com/Realestate_Briefing/?p=61461 http://www.opalesque.com/Realestate_Briefing/?p=61461#comments Thu, 18 Apr 2013 00:25:19 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61461 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61461>Article Link</a> China can face a similar or even bigger financial crisis than the United States if the local Government debt remains out of control for long, says a Senior Chinese auditor Zhang Kew Hoc, who is also the vice chairman of China’s accounting association, report CNBC. (more…)

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Forget the housing crash, this market has been booming http://www.opalesque.com/Realestate_Briefing/?p=61453 http://www.opalesque.com/Realestate_Briefing/?p=61453#comments Wed, 17 Apr 2013 01:00:55 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61453 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61453>Article Link</a> The housing crash of 2007-2008 that spilled into the great financial crisis is not news to any investor. Many are familiar with the devastating effects that collapse of the over-leveraged housing market had on the lives of individuals around the country. (more…)

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China property prices climb as cities defy government policies to cool housing market http://www.opalesque.com/Realestate_Briefing/?p=61445 http://www.opalesque.com/Realestate_Briefing/?p=61445#comments Wed, 17 Apr 2013 00:57:48 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61445 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61445>Article Link</a> All real estate markets are local, says the industry axiom, one that China’s central government is painfully aware of as its efforts to rein in home prices are undermined by uncooperative municipal authorities. (more…)

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Neediest homebuyers in U.S. lifted by Japan: Mortgages http://www.opalesque.com/Realestate_Briefing/?p=61424 http://www.opalesque.com/Realestate_Briefing/?p=61424#comments Mon, 15 Apr 2013 01:01:18 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61424 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61424>Article Link</a> U.S. homebuyers are getting an unexpected boost from the Bank of Japan. As Governor Haruhiko Kuroda’s efforts to spark inflation by doubling the central bank’s bond purchases shrinks the available debt in his country, traders are betting that will bolster demand for U.S-owned Ginnie Mae’s mortgage securities, pushing up prices and lowering yields that guide home-loan rates. (more…)

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UK ‘dependent’ on property market http://www.opalesque.com/Realestate_Briefing/?p=61420 http://www.opalesque.com/Realestate_Briefing/?p=61420#comments Mon, 15 Apr 2013 01:00:14 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61420 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61420>Article Link</a> The UK will be “heavily dependent” on the property market this year, with one million house transactions set to offset continued eurozone woes. The Ernst & Young Item Club’s spring forecast warns that the UK will have to wait until 2015 before exports start contributing positively to growth. (more…)

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The Boomer housing bust: coming to Australia? http://www.opalesque.com/Realestate_Briefing/?p=61411 http://www.opalesque.com/Realestate_Briefing/?p=61411#comments Mon, 15 Apr 2013 00:56:57 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61411 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61411>Article Link</a> They’re calling it the great “senior sell off” and it’s scaring suburban America. Still recovering from the housing market crisis of 2007-09, America’s latest concern is a looming glut of unsellable suburban homes as ageing baby boomers seek to downsize. (more…)

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U.S. housing regulator extends popular refinance program http://www.opalesque.com/Realestate_Briefing/?p=61403 http://www.opalesque.com/Realestate_Briefing/?p=61403#comments Fri, 12 Apr 2013 01:49:34 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61403 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61403>Article Link</a> The top U.S. housing regulator on Thursday extended by two years a popular federal refinancing program to allow more borrowers with government-backed loans to lower their monthly mortgage payments. (more…)

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US: Can we afford another housing boom? http://www.opalesque.com/Realestate_Briefing/?p=61401 http://www.opalesque.com/Realestate_Briefing/?p=61401#comments Fri, 12 Apr 2013 01:48:58 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61401 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61401>Article Link</a> Fannie Mae put an exclamation point on the housing rally with last week’s announcement of its largest-ever annual profit. The news comes soon after Fannie’s cousin, Freddie Mac, announced its own record high. These results may seem like cause for celebration after years of losses at the two taxpayer-backed mortgage giants. (more…)

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UK: One in two people expect house prices to rise in the next 12 months – the highest level in two years http://www.opalesque.com/Realestate_Briefing/?p=61395 http://www.opalesque.com/Realestate_Briefing/?p=61395#comments Fri, 12 Apr 2013 01:47:22 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61395 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61395>Article Link</a> The number of people who believe property prices will increase over the next year is at highest level for at least two years, a study has found. Almost half – 45 per cent – expect prices to rise over the next 12 months while just one in eight predict declines, according to the research by Halifax. (more…)

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S.Korea: Part of extra budget to boost housing market: minister http://www.opalesque.com/Realestate_Briefing/?p=61389 http://www.opalesque.com/Realestate_Briefing/?p=61389#comments Fri, 12 Apr 2013 01:45:55 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61389 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61389>Article Link</a> The government plans to set aside 1 trillion won (US$885 million) of its envisioned extra budget to stimulate the sluggish housing market, a top economic policymaker have said. (more…)

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New Zealand house sales jump as finance minister warns on prices http://www.opalesque.com/Realestate_Briefing/?p=61386 http://www.opalesque.com/Realestate_Briefing/?p=61386#comments Fri, 12 Apr 2013 01:44:57 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61386 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61386>Article Link</a> New Zealand house sales rose to the highest in almost six years as prices surged, adding to a property market boom that Finance Minister Bill English said might trigger an earlier increase in interest rates. (more…)

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NZ house sales hit six-year high http://www.opalesque.com/Realestate_Briefing/?p=61385 http://www.opalesque.com/Realestate_Briefing/?p=61385#comments Fri, 12 Apr 2013 01:44:40 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61385 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61385>Article Link</a> The number of New Zealand house sales rose to a six-year high last month and prices touched a new record as Auckland continued to drive up the national average. (more…)

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Land prices in US gain on real estate recovery http://www.opalesque.com/Realestate_Briefing/?p=61381 http://www.opalesque.com/Realestate_Briefing/?p=61381#comments Thu, 11 Apr 2013 03:17:51 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61381 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61381>Article Link</a> Land prices have shot up in the U.S. with the real estate market and the economy’s road to recovery. According to a March estimate by Zelman and Associates, a real estate consultancy, land prices rose 13 percent across America in 2012. This is the first and the highest annual gain since 2005. (more…)

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Austrian real estate underperforms stocks and bonds http://www.opalesque.com/Realestate_Briefing/?p=61374 http://www.opalesque.com/Realestate_Briefing/?p=61374#comments Thu, 11 Apr 2013 03:15:49 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61374 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61374>Article Link</a> Austrian commercial real estate generated far lower returns relative to stocks and bonds in 2012. Property underperformed equities, which delivered 25.1% (MSCI Austria) and bonds with 13.7% (Austrian bond index) in 2012. But IPD noted that real estate ’strongly and consistently’ outperformed stocks over a three-, five- and nine-year period. (more…)

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Prices soar for low-budget housing in Dubai http://www.opalesque.com/Realestate_Briefing/?p=61370 http://www.opalesque.com/Realestate_Briefing/?p=61370#comments Thu, 11 Apr 2013 03:14:42 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61370 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61370>Article Link</a> Rising confidence in Dubai’s residential property market has helped boost prices for low-end villas by 20% over the past six months in the emirate, according to a new report by Cluttons. In its Q1 report, Cluttons said prices are also rising at the higher end of the residential market, just not as fast. Between Q3 2012 and Q1 2013, average prices for high-end villas in Dubai rose by 8.9%, while mid-range villas gained 14.9% over the same period. (more…)

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Scotiabank CEO sees Canadian housing slowdown, not crash http://www.opalesque.com/Realestate_Briefing/?p=61359 http://www.opalesque.com/Realestate_Briefing/?p=61359#comments Wed, 10 Apr 2013 03:33:21 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61359 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61359>Article Link</a> Bank of Nova Scotia Chief Executive Rick Waugh said on Tuesday that mortgage delinquencies have risen at Canada’s third-biggest bank, but that he does not foresee a U.S.-style housing crash. “We still anticipate what I would call in terms of housing, a soft landing, and all the metrics which we watch daily confirm that,” Waugh said. (more…)

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With new anti-bubble rules, housing sales collapse 70pct in Beijing http://www.opalesque.com/Realestate_Briefing/?p=61345 http://www.opalesque.com/Realestate_Briefing/?p=61345#comments Wed, 10 Apr 2013 03:29:44 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61345 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61345>Article Link</a> The Chinese government is doing what it can to continually poke holes in the country’s housing bubble. It appears they have been successful this time around in Beijing. When it comes to existing housing sales in the city, the market has been put on ice. (more…)

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Australian home prices set for modest gain, Westpac, NAB say http://www.opalesque.com/Realestate_Briefing/?p=61343 http://www.opalesque.com/Realestate_Briefing/?p=61343#comments Wed, 10 Apr 2013 03:29:08 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61343 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61343>Article Link</a> Australian home prices will see a modest improvement as consumers remain conservative about their level of indebtedness, Westpac Banking Corp. (WBC) and National Australia Bank Ltd. (NAB) forecast. (more…)

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Colony’s Tom Barrack sees bubble in U.S. housing market http://www.opalesque.com/Realestate_Briefing/?p=61338 http://www.opalesque.com/Realestate_Briefing/?p=61338#comments Tue, 09 Apr 2013 03:27:33 +0000 Laxman http://www.opalesque.com/Realestate_Briefing/?p=61338 <br> <a href=http://www.opalesque.com/Realestate_Briefing/?p=61338>Article Link</a> Colony Capital LLC’s Tom Barrack said U.S. homes are in danger of becoming overvalued as low borrowing rates and an improving labor market fuel demand. (more…)

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