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Real Estate Briefing - Archive | January, 2010

US: Some housing markets hot again

Posted on 29 January 2010 by Laxman  |  Email |Print

From Rismedia.com: While some of the “hottest” real estate markets in the country- those where homes are selling most above their list prices- continue to be distressed areas dominated by heavily discounted prices, Q4 2009 revealed some notable exceptions.
In two higher priced zip codes in California’s Berkeley and the Los Angeles suburb of Tarzana, and three zip codes in the greater Dallas-Fort Worth area not dominated by distressed listings, homes sold on average well above asking price in Q4, according to ZipRealty’s quarterly Home Hunter Report………………………………..Full Article: Source

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US: Rough water for real estate ETFs

Posted on 29 January 2010 by Laxman  |  Email |Print

From Thestreet.com: Demand for housing has taken a major hit, evident by the record 17% decline in existing-home sales recorded in December. Many observers suggest that downward price pressures are imminent.

According to the S&P/Case-Shiller Home Price Index, home prices have gained roughly 4% from their 2009 lows. Although this appears promising, and the index has been moving in the right direction, there are plenty of market forces that likely will work against the index and bring prices down………………………………..Full Article: Source

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US: 4 major U.S. demographic waves to watch in new decade

Posted on 29 January 2010 by Laxman  |  Email |Print

From Rismedia.com: As the U.S. economy recovers, emerging trends in demographics and consumer behavior will become major drivers of new housing opportunities, resulting in a residential market vastly different from the one that existed prior to the recession.
In a presentation of the research to Urban Land Institute (ULI) trustees during the Institute’s Midwinter Meeting in Washington, McIlwain discussed the implications of the rising numbers of foreclosures, re-establishing a private-market residential finance system, as well as shifts in housing demand triggered by baby boomers, their children, and by immigrant households………………………………..Full Article: Source

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Citi mulling sale of real estate unit

Posted on 29 January 2010 by Laxman  |  Email |Print

From Bobsguide.com: Citigroup is closer to selling its real estate unit after drawing up a shortlist of preferred bidders. Citi Property Holding, which owns commercial property in the US, Asia and Europe, is soon to be divested by Citigroup as the firm attempts to trim its debts.

Among the groups believed to still be in the running to take over Citi Property Holding are Apollo Global Management and the Australian-based Macquarie Group………………………………..Full Article: Source

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Canada property seeing massively increased foreign demand

Posted on 29 January 2010 by Laxman  |  Email |Print

From Property-abroad.com: Paul Collins of Buy Association has recommended Canada as a good destination for British lifestyle buyers, reading between the lines he was aiming his comments at those considering leaving the UK on a more permanent basis.
This is not the first time we here at Property Abroad.com have commented on the rising popularity of Canadian property, nor is it the first time we have mentioned that a large part of that popularity comes from the massive amounts of people wishing to leave the UK and go live abroad………………………………..Full Article: Source

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Opportunities across European real estate in 2010

Posted on 29 January 2010 by Laxman  |  Email |Print

From Europe-re.com: According to the latest INVESCO interim European house view outlook summary for 2010, there are plenty of investment opportunities for residential properties all across Europe.
From the Invesco Real Estate summary, the main highlights are as follows: Estimated yields in many European markets remain at levels above their long run averages, suggesting good value to be had in European real estate………………………………..Full Article: Source

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Number of investment bidders rises in Q4: RICS

Posted on 29 January 2010 by Laxman  |  Email |Print

From Propertyeu.info: The number of investment bidders per property rose for the first time across most Western European markets in the fourth quarter of 2009, with the biggest pick up seen in the Netherlands and France. There were some exceptions, however, with investment bidders remaining in decline in Italy, Switzerland and Cyprus.
A similar pattern was evident in Bulgaria, Romania, Hungary and Turkey, where investment activity deteriorated even more………………………………..Full Article: Source

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CEE: 2010 RE investment turnover to increase over 50pct

Posted on 29 January 2010 by Laxman  |  Email |Print

From Bbjonline.hu: CB Richard Ellis (CBRE) expects real-estate investment turnover in Hungary to increase to €400 million in 2010 from €260 million in 2009, CBRE real-estate investment chief in Hungary Tim O’Sullivan announced on Thursday.

O’Sullivan said that the real-estate investment turnover in central and eastern Europe (CEE) was €2.5 billion in 2009, 3.5% of that in the entire continent last year, noting that the four countries of the Visegrád Group - Poland, the Czech Republic, Slovakia and Hungary - generated 55% of the real-estate investment turnover in the CEE region last year, up from 35% in 2008………………………………..Full Article: Source

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Retail real estate investment up almost 60pct in Europe in Q4 2009

Posted on 29 January 2010 by Laxman  |  Email |Print

From Property-magazine.eu: Retail real estate transaction volumes in Europe during Q4 2009 totalled €4.5bn from 100 deals, nearly 60% up on €2.9bn achieved from 66 deals in Q3 2009, according to Jones Lang LaSalle. However, full year total volumes in 2009 reached €12.3bn, a 32% decline compared to a €18.2bn total in 2008.

As the high cost and lack of access to finance continued to restrict the market, volumes in Continental Europe reached €7.3bn, a year-on-year decline of over 40%………………………………..Full Article: Source

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Europe: Boom prediction as property values soar in Q4 2009

Posted on 29 January 2010 by Laxman  |  Email |Print

From Ciobinternational.org: Commercial property investment has risen 42% in Europe in the past three months, compared with the previous three months. More than £22.7bn of property deals were done in the fourth quarter of 2009, double the levels being traded in the first two quarters of the year, according to research by CB Richard Ellis.

Almost every European market saw an increase in investment activity in the fourth quarter, with the UK taking the largest share of the new investment. Germany was the next largest market, accounting for about 15% of investment activity while central and eastern Europe experienced strong growth………………………………..Full Article: Source

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ProLogis expands European fund and acquisitions team

Posted on 29 January 2010 by Laxman  |  Email |Print

From Europe-re.com: ProLogis,a leading global provider of distribution facilities, today announces that it has appointed Ali Nassiri as Senior Associate in the European Fund and Acquisitions team.
He will have particular involvement with the continued investment program for ProLogis European Properties Fund II. He will be based in the ProLogis European headquarters in Amsterdam, reporting to Logan Smith, First Vice President European Acquisitions and Fund Management………………………………..Full Article: Source

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UK: Property prices might be lower but affordability has deteriorated

Posted on 29 January 2010 by Laxman  |  Email |Print

From Timesonline.co.uk: As banks continue to repair their balance sheets, the divide between the housing haves and have-nots grows wider. Mind the Gap, the alert so familiar to Tube passengers is fast becoming the phrase that sums up the UK property market.

The controversial divide, between those who can easily scale the housing ladder and those who cannot, even took a brief detour into comedy this week with the disclosure that the rich are using private jets, racehorses and yachts as security for loans………………………………..Full Article: Source

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UK property chiefs split on the shape of recovery

Posted on 29 January 2010 by Laxman  |  Email |Print

From Propertyeu.info: Leading experts in the commercial property sector in the UK have predicted a cautious year for listed real estate which will see the office market recover far more strongly than industrial, retail and residential property.
The latest Expert Panel survey commissioned by Reita, the online portal for real estate investment trusts in the UK, shows that less than 5% of respondents think the remarkable recovery in asset values will continue strongly during 2010………………………………..Full Article: Source

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Now is the time to invest in UK property: King Sturge

Posted on 29 January 2010 by Laxman  |  Email |Print

From Propertyeu.info: Prime UK property, particularly in London, provides attractive opportunities for investment despite the inward movement of yields since mid-2009, according to a report from King Sturge.
The report shows that prime UK property currently offers above-average investment prospects with London set to continue to deliver superior investment performance over the next five years………………………………..Full Article: Source

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Property prices in Bulgaria could stabilise in 2010

Posted on 29 January 2010 by Laxman  |  Email |Print

From Propertyshowrooms.com: Property prices in Bulgaria are likely to stabilise in the next year. According to Tatyana Emilova of real estate consultancy firm Colliers, house prices in the country will fall by a further ten per cent in the first six months of 2010.

The ongoing drop in value in the first half of the year is expected to be succeeded by “stabilisation in the market” in the second half, she told the Bulgarian newspaper Dnevnik Daily………………………………..Full Article: Source

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Azerbaijan real estate market prices dropped by 26pct from start of crisis

Posted on 29 January 2010 by Laxman  |  Email |Print

From Abc.az: Public association “Real Estate Market Participants” has calculated impact of the crisis on price setting at the real estate market of Azerbaijan.

REMP reports that along with growth recession in construction sector, demand and purchasing capacity at the market decreased and that influences the prices. The global crisis impact in Azerbaijan started telling on in September 2008, and precisely in this period tendency of dynamics downtrend occurred………………………………..Full Article: Source

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Property in Egypt up for the cup

Posted on 29 January 2010 by Laxman  |  Email |Print

From Buyassociation.co.uk: As the country’s footballers are preparing to face Algeria (with whom there is a fierce and historic rivalry) for the fourth time in the past 12 months, the property market in Egypt is showing signs of having one of its strongest years as buyers are attracted by the rental possibilities, the low prices of property and the almost guaranteed good weather.

Most of the property development in Egypt is along the Red Sea coast, taking advantage of the popularity of the region with tourist from all over the world. Not only do people visit for holidays in the almost year-rounds sunshine, but the Sinai Peninsular is known as one of the very best diving locations in the world………………………………..Full Article: Source

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Property market in the UAE ‘will’ grow

Posted on 29 January 2010 by Laxman  |  Email |Print

From Propertyshowrooms.com: The UAE property market is going to make a strong comeback over the next few years. International property agency Chesterton made the prediction based on the emirate’s improving economic situation, which is leading to an increase in investor confidence.

Robin Teh, director of valuations and research, has forecast that the property market in the country will grow at a rate of four to six per cent a year until 2015………………………………..Full Article: Source

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South Africa: Residential property demand up

Posted on 29 January 2010 by Laxman  |  Email |Print

From Timeslive.co.za: There is a very slight strengthening in demand for residential property, the FNB Property Barometer survey finds. “Demand is up further, albeit only marginally from quarter-to-quarter, but still very significantly on a year-on-year growth basis, and average time on the market is significantly down,” FNB property strategist John Loos said.

“Financial stress-related selling is also down, although it is safe to say that it is still painfully high.”……………………………….Full Article: Source

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Are Indian townships real?

Posted on 29 January 2010 by Laxman  |  Email |Print

From Indiatimes.com: Townships as a fully evolved and implemented concept are still a rarity in India. Apart from the Hiranandani project in Powai, Mumbai, Magarapatta City in Pune and a few others there have been no instances of full-fledged townships being launched in the formal configuration.
While it is true that seven real estate groups have come together for developing Crossings Republik near Greater Noida, this project is, despite its immense size, by no means a township that complies to all the prescribed regulations for such projects………………………………..Full Article: Source

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Indian property developers ‘need more efficient construction practices’

Posted on 29 January 2010 by Laxman  |  Email |Print

From Cityscapeintelligence.com: Real estate developers in India need to implement more efficient construction practices if they are to take advantage of the rising demand for low to mid-priced housing in the country.

A new report from Fitch Ratings has stated that the residential sector will rely on building and selling such properties as a primary driver of growth this year………………………………..Full Article: Source

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China real estate IPO closes up after issue downsized

Posted on 29 January 2010 by Laxman  |  Email |Print

From Reuters: Shares of Chinese real estate company IFM Investments Ltd closed higher on Thursday after it cut the value of its initial public offering amid concerns of a Chinese real estate bubble.

China’s real estate market has grown along with the country’s economy and has benefited from improved access to credit, but some analysts warn the boom might not last………………………………..Full Article: Source

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Tightening measures likely to slow China’s property market

Posted on 29 January 2010 by Laxman  |  Email |Print

From Chinaeconomicreview.com: A slowdown in China’s residential market appears to be in the cards with further reports of commercial lenders tightening up on mortgage loans.
Pressure from the People’s Bank of China, the central bank, as well as the banking regulator, appears to have resulted in several leading state-controlled banks ordering branches to stop issuing new loans altogether until next month………………………………..Full Article: Source

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Beijing housing market shrinks 70 pct in January

Posted on 29 January 2010 by Laxman  |  Email |Print

From Property-abroad.com: The volume of sales for all homes transacted in Beijing fell by a dramatic 70% in the first three weeks of January as compared with month earlier, says the Beijing News.

According to the newspaper potential buyers are adopting a ‘wait and see’ policy while the ramifications of measures taken by the Chinese authorities to dampen speculation become more apparent………………………………..Full Article: Source

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Australian real estate funds, firms lead green rankings

Posted on 29 January 2010 by Laxman  |  Email |Print

From Environmental-finance.com: Most real estate funds and companies are not yet actively managing their environmental impacts, according to a report commissioned by three European institutional investors.

However, Australian property firms and funds stand out for their green policies and implementation, leading the Environmental Real Estate Index………………………………..Full Article: Source

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Global property investment soars

Posted on 28 January 2010 by Laxman  |  Email |Print

From Cnplus.co.uk: Investment in commercial property rose across 70 per cent of the globe in the final three months of 2009, research has shown. A survey by the Royal Institution of Chartered Surveyors has showed Brazil and China were leading the recovery.

The net balance of surveyors reporting a rise in transactions in Brazil rose from 29 per cent to 61 per cent, while the net balance in China edged up from 58 per cent from 47 per cent………………………………..Full Article: Source

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Emerging economies to lead property recovery - RICS

Posted on 28 January 2010 by Laxman  |  Email |Print

From Dow Jones: Investors returned to commercial property in the fourth-quarter of last year with transactions rising across the majority of the globe, boosted by low interest rates and good returns, the Royal Institution of Chartered Surveyors said on Wednesday.

In its Global Property Survey RICS said that investor activity rose across 70% of the globe as commercial property recovered as an asset, class with Brazil and China leading the way………………………………..Full Article: Source

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Investors return to the global property market

Posted on 28 January 2010 by Laxman  |  Email |Print

From Financialadvice.co.uk: The final quarter of 2009 saw investors return to the global property market with 70% of local markets showing growth towards the tail end of year. While Latin America and Asia were particularly strong over the period it will come as no surprise to learn that London was also one of the better performing property markets in the world.

London has always been a very different market to the rest of the UK and recently returned to highs not seen since 2007 while the rest of the UK slowly plods along and attempts to pull itself out of recession………………………………..Full Article: Source

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U.S. new-home sales fall, capping worst year

Posted on 28 January 2010 by Laxman  |  Email |Print

From Bloomberg: Sales of new homes in the U.S. unexpectedly dropped in December, capping the worst year on record and signaling the government’s tax-credit extension has yet to shore up demand.

Purchases declined 7.6 percent to an annual pace of 342,000, marking the fourth decrease in the past five months, the Commerce Department said today in Washington. For all of 2009, sales declined 23 percent to 374,000, the lowest level since records began in 1963………………………………..Full Article: Source

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U.S. housing market giving mixed signals

Posted on 28 January 2010 by Laxman  |  Email |Print

From Taipanpublishinggroup.com: The U.S. housing market saw home prices fall for the first time in seven months in November.“The S&P composite index of home prices in 20 metropolitan areas slipped 0.2 percent in November after a revised 0.1 percent October dip, for a 5.3 percent annual drop,” reported Reuters.

A survey by the news company had predicted a 0.1% November rise in home prices, and October’s prices were first reported as unchanged………………………………..Full Article: Source

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U.K. commercial property sales double as funds resume buying

Posted on 28 January 2010 by Laxman  |  Email |Print

From Bloomberg: Sales of U.K. commercial property doubled in the fourth quarter of last year as funds started purchasing buildings after a two-year hiatus.

Investors acquired 458 buildings for 9.65 billion pounds ($15.6 billion), up from 221 properties for 4.74 billion pounds a year earlier, according to estimates by Stafford, England- based researcher Property Data………………………………..Full Article: Source

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UK construction industry ‘to see slow recovery’

Posted on 28 January 2010 by Laxman  |  Email |Print

From BBC: The UK construction industry will not start to recover from the recession until 2011, according to a report. The study, by the Construction Skills Network, says the industry will see a slow return to growth over the next few years after a “severe” contraction.

Output fell by 13% last year, with particularly sharp falls in north-west England, the north-east and West Midlands………………………………..Full Article: Source

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House prices to bounce back eighties-style, MPC man predicts

Posted on 28 January 2010 by Laxman  |  Email |Print

From Citywire.co.uk: UK house prices will bounce back like they did in the 1980s and avoid a 1990s-style meltdown, a Bank of England policymaker said today.

The housing market over the next few years will be supported by a shortage of supply, according to Andrew Sentance, an external member of the interest rate-setting Monetary Policy Committee………………………………..Full Article: Source

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French property investment to pick up

Posted on 28 January 2010 by Laxman  |  Email |Print

From Globest.com: While 2009 will mark the bottom of the cycle for French commercial real estate investment, the recovery in 2010 is likely to be modest, according to BNP Paribas Real Estate. “Investment in 2010 should outstrip that of 2009. However, the increase may be moderate,” it said.

Commercial real estate investment totalled €8.4 billion in 2009, a decline of 44%. However, an increase was seen towards the end of the year, with investment reaching €3.5 billion in the fourth quarter, a rise of 62% from the third quarter………………………………..Full Article: Source

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Varna real estate is the dearest amid Bulgaria’s decline

Posted on 28 January 2010 by Laxman  |  Email |Print

From Sofiaecho.com: Bulgaria’s Black Sea port city of Varna was home to the most expensive real estate in 2009, data from the National Statistics Institute (NSI) revealed on January 25 2010.

While real estate prices decreased on all fronts across Bulgaria during the year, as a direct impact of the global economic downturn, properties in Varna were offered for as much as 1686 leva for a sq m, Dnevnik reported………………………………..Full Article: Source

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Property mogul returns to Russia

Posted on 28 January 2010 by Laxman  |  Email |Print

From Themoscowtimes.com: Property mogul Telman Ismailov, who left Russia last year after his Cherkizovsky Market was shut in a politically tinged crackdown, may be planning a return to Russia to build a new luxury hotel.

Ismailov is looking to bring the Mardan Palace chain to Moscow, Sochi and Istanbul, said Cumhur Ozen, head of the company’s hotel in Antalya………………………………..Full Article: Source

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Egypt tipped as good property investment for 2010 with new infrastructure and rising demand

Posted on 28 January 2010 by Laxman  |  Email |Print

From Propertycommunity.com: Property investment in the Red Sea resort of Hurghada in Egypt is set for a boost after plans for a new terminal at the international airport were announced.

The Civil Aviation Ministry has signed contracts with a Saudi Arabian development group to construct the new terminal which will increase capacity from some 6.7 million to 7.5 million passengers annually………………………………..Full Article: Source

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Building boom transforms heart of Beirut

Posted on 28 January 2010 by Laxman  |  Email |Print

From Lasvegassun.com: Blocks of historic Ottoman-era buildings, once pocked by bullet holes, have been majestically restored, and new high-rise apartment towers with mirrored facades front the glittering Mediterranean, signs of an unprecedented real estate boom that is transforming Lebanon’s capital.

Beirut’s building craze, despite chronic political turmoil in recent years, has astonished even the experts, turning Lebanon into an investment haven at a time when other regions _ including the oil-rich Persian Gulf _ are hemorrhaging cash………………………………..Full Article: Source

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Real estate in Turkey boosted by flights

Posted on 28 January 2010 by Laxman  |  Email |Print

From Homesgofast.com: The property market in Turkey received another boost from the announcement that Easyjet’s will be flying from Gatwick to Antalya. The new route is a huge testament to the growth potential of Turkish tourism, and will boost occupancy of holiday rental properties in the area substantially, UK based Turkish property agent Spot Blue has announced.

Director of the company Julian Walker said: “This is the latest in a long line of new flights to Turkey’s tourism hotspots, not only in general with airlines from America to Qatar announcing new routes, but also from Easyjet alone. During the boom times an announcement like this added stars to a holiday rental hotspot on its own………………………………..Full Article: Source

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Moody’s: Robust Middle East and Africa CMBS market recovery unlikely in 2010

Posted on 28 January 2010 by Laxman  |  Email |Print

From Globalarabnetwork.com: A robust recovery of the commercial mortgage-backed securities (CMBS) market in Europe, the Middle East and Africa (EMEA) is unlikely in 2010, says Moody’s Investors Service in its 2009 Review & 2010 Outlook report for the asset class.
The rating agency predicts that throughout 2010 there will be only sporadic issuance in the market, estimated to be around EUR15 billion. Its Outlook for the sector remains Negative………………………………..Full Article: Source

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Key facts about India’s property market

Posted on 28 January 2010 by Laxman  |  Email |Print

From Moneycontrol.com: More than a dozen Indian real estate firms have lined up plans for initial public offers to raise about USD 6 billion, buoyed by an 81% rise in the Mumbai stock index last year and as property buyers return.

Following are key facts about India’s property market. The property market contributes 5-6% to India’s gross domestic product, or about USD 50 billion annually to the USD 1 trillion economy, Asia’s third largest………………………………..Full Article: Source

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India: Real estate outlook negative, says Fitch

Posted on 28 January 2010 by Laxman  |  Email |Print

From Thehindubusinessline.com: Fitch Ratings’ outlook for the real estate sector in 2010 is negative with a slight stable bias. Fitch expects growth in 2010 to be driven by government support (especially for the affordable segment) and improved access to debt and capital markets.
However, there might be some moderately adverse policy actions during the year when economic conditions should have reached a point of greater stabilisation. The government may also find it politically difficult to provide a supportive environment if developers continue to increase prices………………………………..Full Article: Source

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India: Affordable housing to drive realty mart

Posted on 28 January 2010 by Laxman  |  Email |Print

From Indiatimes.com: The global rating agency Fitch on Wednesday warned that hardening of interest rates could jeopardise the prospects of the real estate sector in the coming months.
“Any significant increase in property prices and a tightening monetary policy, could have an adverse impact on the future demand,” Fitch said in a report on the domestic realty market, two days ahead of the Reserve Bank’s monetary policy review………………………………..Full Article: Source

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China: Real estate bubble a myth

Posted on 28 January 2010 by Laxman  |  Email |Print

From Chinaeconomicreview.com: It seems US media has convinced itself a China real estate bubble exists – perhaps a case of wishful thinking. And China’s real estate market is the backbone of its domestic economy.
One theory advanced supporting the bubble theory is that the ratio of real estate prices to incomes in Beijing is 27-1. Apply that ratio to Manhattan, the average price of an apartment would be $3.4 million………………………………..Full Article: Source

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Chinese investors remain bullish about property despite bubble concern

Posted on 28 January 2010 by Laxman  |  Email |Print

From Cri.cn: Chinese investors remain positive on the property market with 92 percent expecting residential property prices to stay at current level or rise 4.4 percent on average in the first quarter of 2010, a survey found.

The survey, released Wednesday by ING, a global financial services group, also found 86 percent of Chinese investors believed a bubble has begun to form in the country’s property sector………………………………..Full Article: Source

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Chinese real estate IPO priced at bottom of cut range

Posted on 28 January 2010 by Laxman  |  Email |Print

From Reuters: Chinese real estate company IFM Investments Ltd priced its initial public offering at the bottom of a lowered range, an underwriter said on Wednesday.

China’s real estate market has benefited from strong economic growth and improved access to credit, but some say the boom might not last………………………………..Full Article: Source

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Malaysia: Property market to remain fairly stable

Posted on 28 January 2010 by Laxman  |  Email |Print

From Bernama: The world’s biggest commercial property consultant, CB Richard Ellis (CBRE) expects Malaysia’s property market to be fairly stable in terms of rental and capital value with increased foreign investments flowing into the property sector.

“We don’t anticipate a major crash or upturn this year as we are not overbuild………………………………..Full Article: Source

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Australian home prices to rise up to 10pct, APM says

Posted on 28 January 2010 by Laxman  |  Email |Print

From Bloomberg: Australian home prices will rise by as much as 10 percent this year as buyers try to trade up to better properties, Australian Property Monitors said.

Median house prices across the country rose 12.1 percent in 2009, the biggest increase since 2003, according to an APM report released today. Apartment prices gained 9.8 percent………………………………..Full Article: Source

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Merrill’s Asia property funds back in business

Posted on 28 January 2010 by Laxman  |  Email |Print

From Reuters: Bank of America has dropped plans to exit Merrill Lynch’s Asia property funds business and will instead help it raise new money, cashing in on a recovery in the real estate sector, sources said.
BofA was in talks with several private equity firms, including Blackstone Group and Apollo Investment Management, to sell management rights to its $2.65 billion Asia Real Estate Opportunity Fund, which the bank regarded as a non-core business………………………………..Full Article: Source

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Caribbean island ‘good for property investment’

Posted on 28 January 2010 by Laxman  |  Email |Print

From Hifx.co.uk: People interested in moving money abroad in order to invest in property could be tempted by the Dominican Republic. An international property website has suggested that the island could offer good investment opportunities in the low-to-mid range budget.

Website Property Abroad said that while 2009 offered up purchases to the “better off among society”, 2010 could come up with some sites for a wider market as the nation and buyers emerge from the global recession………………………………..Full Article: Source

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