From WSJ: An index compiled by Moody’s Investors Service found that prices of commercial real estate continue to decline, but the speed of the decline may be slowing. The Moody’s/REAL Commercial Property Price Index declined 1.5% in October to 107.98 from 109.61 in September.
Based on the index, prices for commercial real estate were 36.4% lower than in October 2008 and 43.7% below the peak measured in October 2007. The index is based on repeat sales of the same properties across the U.S………………………………….Full Article: Source

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From Businessweek.com: Residential real estate prices have increased by about 5%, adjusted for inflation, since the end of the first quarter. As the inventory of existing homes for sale shrinks, a housing recovery could solidify. Sales have increased sharply in some of the hardest-hit states.
Although home prices have been rising since March, after adjusting for inflation they are only at levels first reached in 2001………………………………….Full Article: Source

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From WSJ: Sales of previously owned homes rose in November more than expected as low prices and tax relief helped buyers surmount worries about the job market.

Separately, the government said U.S. economic recovery wasn’t as strong as earlier thought, and revised its third-quarter numbers down for the second time to show lower construction and inventory investments………………………………….Full Article: Source

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From Nytimes.com: The coming year is almost certain to be brutal for the commercial real estate market in New York. More landlords will be unable to hang onto their buildings or refinance their mortgages, swelling the inventory of distressed properties.
But though rents in Manhattan office buildings are expected to continue falling and the vacancy rate is expected to increase, real estate specialists say that the panic has subsided and that some investors are prepared to bet on the long-term future of the market………………………………….Full Article: Source

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From Theglobeandmail.com: With sales surging at a record pace and prices soaring to new highs, “piping hot” is how economists currently describe the Canadian housing market. The Canadian housing market is truly on a tear.
Homes sold through the Multiple Listing Service (MLS) have rocketed by 74 per cent since the trough in January, according to statistics published by the Canadian Real Estate Association (CREA)…………………………………..Full Article: Source

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From Theglobeandmail.com: The housing market that led Canada out of recession is now so hot that Ottawa is talking about doing something to cool it off, a move economists say carries risks for the economy.

Fuelled by record low interest rates, residential real estate prices have gained 20 per cent this year. And Finance Minister Jim Flaherty is now warning he will step in if prices get too high by tightening the rules for borrowers, by increasing the minimum down payment and shortening the maximum length of mortgages………………………………….Full Article: Source

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From WSJ: Investors in European commercial property may not want to break out the Champagne just yet. There isn’t any doubt that European property stocks have come charging back this year.
The FTSE EPRA/NAREIT Europe index of property stocks surged 29% from the beginning of January to Dec. 21. But as any investor knows, past performance isn’t a guarantee of the future………………………………….Full Article: Source

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From Dailymail.co.uk: House prices are predicted to plunge again next year in a move that could deal a crippling blow to Britain’s economic recovery.

Despite staging a surprise recovery in 2009 economists are forecasting property prices to resume their downward path during the coming 12 months………………………………….Full Article: Source

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From Themovechannel.com: The property bargains are likely to continue in Spain , now one of the few Eurozone countries still in recession after it emerged that the Republic of Ireland has seen a return to economic growth…

Fresh figures revealed that Ireland’s Gross National Product (GDP) increased by 0.3 per cent in the third quarter of this year, while Eurostat figures for Spain revealed a 0.3 per cent decline………………………………….Full Article: Source

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From Maktoob.com: Saudi Arabia’s real estate market offers among best investment opportunities in the world thanks to strong domestic housing demand, an attractive project pipeline and an expanding hospitality sector, A.T. Kearney said on Tuesday.

The global consultancy placed Saudi Arabia fourth out of 50 markets in its 2010 Real Estate Global Opportunity Index, which ranks the most attractive emerging markets for investors………………………………….Full Article: Source

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From Albawaba.com: Buoyed by a growing local economy and its strategic location as a gateway to Africa and the Middle East market, Cairo is becoming a pre-eminent regional real estate market for local, regional and international investors and occupiers, with a renewed focus on diversification and affordable housing over the next five years.

These findings by Jones Lang LaSalle, the leading global real estate investment and advisory firm, were released today in a strategic report, “Cairo: Open for Global Business”, during a key note presentation at the 4th Annual Cairo Investment Forum at the Semiramis InterContinental Hotel………………………………….Full Article: Source

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From Maktoob.com: Property prices and rents have largely stabilised over the last few months in Dubai with slight price rises in more sought after areas balancing out further declines in less desirable locations, Landmark Advisory said on Tuesday.

The real estate consultancy said apartment sale prices on the Palm Jumeirah climbed 7 percent in the last three months, while lower quality developments such as International City saw prices slide 10 percent………………………………….Full Article: Source

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From Zawya.com: Fully furnished apartments being offered at lower rents at different locations across the city as well as on the outskirts clearly point to a glut in the local residential property market.

The days of abundant housing supplies seem to be back with an increasing number of furnished apartments now being offered with one to three months’ …………………………………Full Article: Source

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From Allafrica.com: The commercial property market has possibly been one of the sectors most affected by the recession, high unemployment, liquidations, insolvencies and the global economy.

Past years have seen the South African commercial property market outperforming global competitors. This is no longer the case. The mid-year Investment Property Databank figures indicate a drastic decrease in capital values with total income returns below 5%………………………………….Full Article: Source

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From Thestar.com.my: The property sector may experience an oversupply next year due to a burst of launches from developers that have been held back since the start of the global economic crisis.

Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia (PEPS) president James Wong said developers would need to come up with “creative ways” to maximise sales………………………………….Full Article: Source

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From Propertycommunity.com: Property sales in New Zealand are at a ten year high and will continue to move upwards in 2010 but they are causing concern among economists.

Real Estate Institute sale figures revealed that sales last month had pushed the national median to $355,000, which President Peter McDonald said set a record for the past 10 years………………………………….Full Article: Source

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From Rejournals.com: The capital markets have come a long way since late 2008, when the credit crisis loomed over the world’s leading financial institutions. With capital as the lifeblood of the real estate industry, a major pall was also cast over the entire sector, including publicly traded real estate investment trusts.
Many industry analysts and observers called for a potential avalanche of commercial real estate foreclosures to hit the market. With REITs reporting their activities and financial results at least quarterly, their progress in navigating this environment was on display to the world………………………………….Full Article: Source

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Despite improved liquidity profiles and access to the unsecured debt market, weak property operating fundamentals across the U.S. equity REIT sector and the uncertainty as to the exact timing of a full economic recovery remain areas of concern for U.S. equity REITs in 2010, according to Fitch Ratings in its 2010 outlook Outlook report.
Therefore, Fitch is maintaining is a negative Negative outlook Outlook for the U.S. equity REIT sector heading into 2010next year………………………………….Full Press Release: Source

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From Investmentinternational.com: Asia Pacific and UK likely winners for property fund investment in 2010, analysts predict. Some £36 billion of capital will be available to invest in UK real estate in 2010, double the amount spent in 2009, according to a new report.

UK, US and German funds are likely to be chasing property in the UK next year with some £20 billion expected to come from UK funds, £10 billion from US funds and £2 billion from German open ended funds, according to the report, The Great Wall of Money from DTZ Research………………………………….Full Article: Source

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A.T. Kearney, a leading global strategic consulting firm, recently published its 2010 Real Estate Global Opportunity Index. The Real Estate Global Opportunity Index is designed to help property developers decide where to expand outside of familiar markets.
Focused on emerging markets, the Index weighs real estate development potential, based on con­struction spending and growth, and risk avoid­ance, a combination of a country’s risk and the ease of doing business there…………………………………Full Press Release: Source

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