Thu, Aug 21, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Archive | May, 2011

Positive outlook for investment property market in Sweden

Posted on 27 May 2011 by Laxman  |  Email |Print

A positive economic outlook and a continued market growth make Sweden’s property investment market attractive for investors at home and abroad in 2011 according to international real estate advisor Savills.
The firm reports that by the end of the first quarter of 2011 total turnover reached SEK19.5 billion (€2.18 billion), up from SEK 8.5 billion (€2.07 billion) in the same period of 2010……………………………………….Full Article: Source

The man behind Egypt’s real estate rebellion

Posted on 27 May 2011 by Laxman  |  Email |Print

Hamdy El Fakhrany didn’t set out to strike a blow against Egyptian government corruption when he traveled to a state land auction in 2007. All he wanted was a quarter of an acre to build a house. The auction was canceled, as were the others he tried to attend over the next six months, the 53-year-old engineer says.
Finally, an employee at the Housing Ministry took him aside and told him how things worked in then-President Hosni Mubarak’s Egypt……………………………………….Full Article: Source

Saudi $1.3 bln loan to fund Emaar Economic City through 2012, DB says

Posted on 27 May 2011 by Laxman  |  Email |Print

Saudi Arabia’s 5 billion-riyal ($1.3 billion) loan to Emaar Economic City will fund the company’s Brussels-sized housing and business development near Jeddah through 2012, Deutsche Bank AG said.
The loan, secured against 24.7 million square meters of land, or 15 percent of Emaar Economic City’s holdings, “should boost development activity in the city, after significantly slowing down in 2010,” analysts Athmane Benzerroug and Nabil Ahmed wrote in a note to investors today……………………………………….Full Article: Source

Asia-Pac invested stock ‘flourishing’

Posted on 27 May 2011 by Laxman  |  Email |Print

Asia Pacific will trail Europe to become the second-biggest commercial property market by the end of this year, according to global property consultants DTZ. But come 2012, DTZ said Asia Pacific’s commercial property market will increase to US$4.4 trillion, placing the region on par with its European counterpart.
Asia Pacific’s commercial property market grew by 14 per cent in 2010 to US$3.5 trillion, registering the biggest growth globally. This is according to DTZ’s annual “Money into Property” report……………………………………….Full Article: Source

India: Long-term investors should have property in their portfolios

Posted on 27 May 2011 by Laxman  |  Email |Print

The fundamental aim of any residential property investment should be to maximise yield as well as capital gains and to reduce the risk as far as possible. To illustrate, renovating and embellishing a property makes it eligible for a higher rent, which means maximised yield.
Property investment aimed at capital gains involves buying real estate cheap and selling it at a higher rate, thereby maximising one’s return on investment (RoI). An astute investor will also buy a well-located property at a high price if the rental market is booming, since this makes it possible to rent it out for as long as it takes for the price to rise again……………………………………….Full Article: Source

Is this China’s building bubble?

Posted on 27 May 2011 by Laxman  |  Email |Print

Analysts say fears of collapse in China’s property market are overstated, though one ratings agency is concerned about bad debts on property loans. When the wind whips up the dust in Beijing’s outskirts where demolition and rebuilding is proceeding at a frantic pace and cranes dot the skyline, you can sense the scale of China’s property market boom in your lungs.
At every traffic intersection, young hustlers pass out advertising leaflets for new housing developments. The property boom is the main topic of conversation over bowls of noodles and glasses of Maotai, a distilled sorghum drink, in the restaurants……………………………………….Full Article: Source

Hong Kong purchases could boost real estate sector confidence

Posted on 27 May 2011 by Laxman  |  Email |Print

Hong Kong’s entrepreneurial giants Li Ka-Shing of Cheung Kong Holdings and Henderson Land’s Lee Shau-kee have been purchasing shares in their own firms, despite government efforts to cool down the rocketing market.
“The one thing I want to point out to investors is that whenever these two titans buy at the same time, it is almost like a solar eclipse. It only happens once in a blue moon,” Robert Halili, managing director of Asia Insider told CNBC……………………………………….Full Article: Source

Singaporean property market records strong growth, again

Posted on 27 May 2011 by Laxman  |  Email |Print

Sales of residential property in Singapore soared again in April, with activity up 29 per cent, new figures show. Local agents report that 1,788 home sales were recorded over the course of the month, with the total level of transactions reaching a five-month high.
With an annual growth rate cited at around at 23.5 per cent for the first three months of the year, government cooling measures to calm down the property market have clearly failed, with agents noting that this is because they are too short-term……………………………………….Full Article: Source

S. Korea firm claims record with $7.25 bln Iraq deal

Posted on 27 May 2011 by Laxman  |  Email |Print

A South Korean construction firm said Thursday it has signed a $7.25 billion preliminary agreement to build a new town in Iraq, terming it the biggest-ever single deal for a Korean builder overseas.
Hanwha Engineering and Construction will build 100,000 homes plus infrastructure for the town 25 kilometres (16 miles) east of central Baghdad, a spokesman said. “This is the largest single deal a South Korean construction firm has ever clinched overseas,” he told AFP……………………………………….Full Article: Source

Bangkok: 2011 Housing market not lively as 2010

Posted on 27 May 2011 by Laxman  |  Email |Print

The Real Estate Information Centre has estimated that the housing market, especially in Bangkok and vicinities this year will not be as lively as last year but will not shrink much.
Real Estate Information Centre Executive Director Samma Kitsin admitted that there was no policy from the government to support the housing market in the first four months this year while the 0% interest rate for the first house purchase will be effective in the latter half of the year……………………………………….Full Article: Source

Aussie homeowners adopt cautious view of property market

Posted on 27 May 2011 by Laxman  |  Email |Print

A new survey of Australian homeowners and investors has found that less than half of the country’s population believe that now is a good time to buy real estate. High living costs, interest rate rises and volatile prices are all weighing on potential buyers’ minds and have helped to create a cautious environment.
The research, by Homeloans Ltd, comes after it was reported last week that house prices in Australia are falling……………………………………….Full Article: Source

U.S. Home price index fell 2.5pct in first quarter of this year

Posted on 26 May 2011 by Laxman  |  Email |Print

A federal agency said Thursday U.S. home prices fell 2.5 percent in the first quarter, the largest quarterly drop since the fourth quarter of 2008. The Federal Housing Finance Agency, which tracks prices for homes with mortgages backed by either the Federal National Mortgage Association or the Federal Home Loan Mortgage Corp., also said prices fell 5.5 percent from the first quarter of 2010 to the same three months of 2011.
For the quarter, prices fell in 43 states and the District of Columbia……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Home prices fall at fastest pace since late 2008

Posted on 26 May 2011 by Laxman  |  Email |Print

Edward DeMarcoAnother day, another bad piece of housing data. This morning’s downer comes from the Federal Housing Finance Agency, which reported its home-price index fell in the first quarter at the fastest pace since the fourth quarter of 2008 — not exactly a time to which one likes to see economic data get compared.
Prices fell 2.5% in the quarter, the FHFA reported. Prices are down 5.5% from a year ago. The FHFA’s monthly index fell 0.3% in March and is down 19.8% from its peak in April 2007……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

US House Republicans battle with industry groups on housing

Posted on 26 May 2011 by Laxman  |  Email |Print

U.S. House Republicans came under fire Wednesday from numerous housing and banking industry representatives, who said the housing market remains too fragile to scale back government support.
The debate at a hearing of a House subcommittee illustrates how Republican lawmakers are running into opposition from real estate agents, home builders and mortgage bankers as they seek to remove some of the government supports put in place during the past three years aimed at keeping a sinking housing market from falling further……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Mixed views on US commercial property prices

Posted on 26 May 2011 by Laxman  |  Email |Print

United States commercial property prices fell to a post recession low in March as sales of financially distressed assets weighed on the market, according to Moody’s Investors Service.
The Moody’s/REAL Commercial Property Price Index fell 4.2% from February and is now 47% below the peak of October 2007, Moody’s said its latest report……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Real estate news: Banks face $17 bln foreclosure liability

Posted on 26 May 2011 by Laxman  |  Email |Print

State attorneys general told five of the nation’s largest banks on Tuesday they face a potential liability of at least $17 billion in civil lawsuits if a settlement isn’t reached to address improper foreclosure practices, according to people familiar with the matter.
The figure doesn’t cover additional billions of dollars in potential claims from federal agencies such as the Department of Housing and Urban Development and the Justice Department. State and federal officials haven’t proposed a specific comprehensive settlement figure, but Tuesday’s discussions represented the first effort to formally quantify potential liability……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Brazil loosens restrictions on Amazon land use

Posted on 26 May 2011 by Laxman  |  Email |Print

Brazil’s lower house has passed legislation that would loosen restrictions on how small farmers use their land in the Amazon forest.
Environmentalists still fear the revision bill would bring increased deforestation, but operators of small-scale farms and ranches defend the measure as a way to let them produce to full capacity and boost Brazil’s food output……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

European listed real estate could double in five years EPRA tells

Posted on 26 May 2011 by Laxman  |  Email |Print

The European listed real estate sector has the potential to double in size over the next five years, as banks look to offload distressed property assets held on their books and private investors turn to attractive REIT structures to realize the value of their investments, the Head of Research at the European Public Real Estate Association (EPRA) said.
Fraser Hughes, Head of Research at EPRA said: “A number of opportunities are converging that have the potential to double the current €300 billion market capitalization of the European listed real estate sector over the next five years under a best-case scenario.”………………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

CEE industrial development focus shifts to regional cities

Posted on 26 May 2011 by Laxman  |  Email |Print

2011 is expected to see an increase in industrial project deliveries in Central and Eastern Europe (CEE), mainly based in Poland and Russia, according to CB Richard Ellis (CBRE). Increased manufacturing productivity and its link with regional CEE markets is causing development activity to move from capital cities towards regional cities.
Jos Tromp, Head of CEE Research and Consultancy, CBRE, said: “Despite uncertainty about medium to longer term economic prospects, economic growth in most CEE markets has turned positive in recent quarters……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

UK: Property sales showed signs of stabilising in April

Posted on 26 May 2011 by Laxman  |  Email |Print

Property sales showed signs of stabilising during April but transactions remain well down on normal levels. Estate agents sold an average of eight properties per branch during the month, unchanged from the number of sales agreed in both February and March, according to the National Association of Estate Agents (NAEA).
The group said its members reported a flurry of activity during the early part of the month in the run-up to Easter, with interest tailing off over the extended bank-holiday period……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

UK housing market too volatile says JRF

Posted on 26 May 2011 by Laxman  |  Email |Print

The latest report from the Joseph Rowntree Foundation says that the UK housing market volatility has distorted housing choices, driven up repossessions and arrears, inhibited house building as well as increasing wealth inequalities.
The JRF report concentrates on the four main areas it considers most important: housing supply, managing the housing market cycle, providing better protection against house price volatility and developing alternatives to home ownership……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Asian buyers dominate London homes market

Posted on 26 May 2011 by Laxman  |  Email |Print

Asian buyers accounted for the majority of new home purchases in central London for the first time as they took advantage of the pound’s weakness and avoided rising prices at home, Knight Frank LLP said.
The share of deals increased to 59 percent in the six months through April from 48 percent a year earlier, the London- based real-estate broker said in a report today. Most of the Asian purchasers were based in Hong Kong or Singapore, where residential property prices have risen to records this year……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Turkey property unmistakeable overseas property hotspot

Posted on 26 May 2011 by Laxman  |  Email |Print

It can no longer be ignored; Turkey is now one of the hottest markets in the world of overseas property, the figures don’t lie.
According to the Association of Real Estate Investment Firms (GYODER), sales to foreign buyers increased by 40% in 2010. The report said sales to foreigners totalled $2.5 billion for the year, almost as much as the $3 billion recorded in the two years ending 2008. Gyoder also records an index of house prices and it shows that Turkish property prices are growing at an rate of over 6% year on year in 2011……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Splitting Istanbul and its effect on the property market

Posted on 26 May 2011 by Laxman  |  Email |Print

Most people reading about Turkey or even overseas property on a regular basis will have heard of the bold plans unveiled by Prime Minister Erdogan for splitting Istanbul into 2 separate cities for easier governance. The proposed split would be along the Bosporus, with the European side and the Anatolian side becoming 2 new cities.
Istanbul is currently one of the hottest property markets in the world, with commercial property, residential property and holiday property all catching the eye of global investors……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Abu Dhabi rents, property prices may fall

Posted on 26 May 2011 by Laxman  |  Email |Print

The Emirate of Abu Dhabi may see some fall in rentals and property prices, a penal discussion organised by Institute of Chartered Accountants of India (ICAI) in the capital was told.
The institute panel held recently discussed the various aspects of the real estate sector in the country with particular emphasis on Abu Dhabi and Dubai……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Qatar: Real estate transactions up 65 pct

Posted on 26 May 2011 by Laxman  |  Email |Print

Real estate transactions steeped up to QR797m last week, up 65 percent over the previous week (QR482m), Qatar News Agency (QNA) reported.
The details released by the Ministry of Justice on its website for weekly real estate transactions (between May 15 and 19) showed that they were worth QR797m. However, the previous week (between May 8 and 12) the figure of real transactions was merely QR482m……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Maturity or greed that drives Indian realty firms?

Posted on 26 May 2011 by Laxman  |  Email |Print

Indian real estate firms have seen domestic options for funds drying up. The companies’ poor fundamentals are the key reason for this. In recent times, real estate firms have found it increasingly difficult to meet their financial obligations.
The reason for this is slower sales which is a result of the lower demand from the residential housing sector. The demand has been hit by a double whammy of higher interest rates combined with exorbitantly high property rates offered by the realty firms……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Hong Kong office rents highest in Asia, Bangkok rents lag

Posted on 26 May 2011 by Laxman  |  Email |Print

Bangkok office space rents remained stagnant over the past year, while Hong Kong prices are the highest in Asia. Montly office rents in Bangkok at approximately US$22 per sqm are dwarfed by the current prices in Hong Kong’s Central Business District: close to US$164 per sqm, according to the most recent data from CB Richard Ellis (CBRE) Asia Pacific Office Marketview.
Tokyo has the second highest prices at US$109 per sqm with the Nariman Point district in Mumbai coming in third at US$95 per sqm……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Mapletree to launch $500mln-$1 bln China property fund next 2 yrs

Posted on 26 May 2011 by Laxman  |  Email |Print

Singapore’s Mapletree Investments plans to set up a China-focused fund that will have $500 million to $1 billion to invest in Chinese commercial property once it deploys most of the money in its existing funds, a senior executive said on Wednesday.
The fund, which will be backed by internal funds and money raised from outside investors, will likely be launched in 2012 or 2013, Group Chief Investment Officer Chua Tiow Chye told reporters at a press conference……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Mapletree to launch three new property funds in China, Vietnam, Japan

Posted on 26 May 2011 by Laxman  |  Email |Print

Real estate firm Mapletree Investments said it plans to launch three property funds worth US$2 billion over the next few years. The funds will invest in commercial and mixed-use properties in China, Vietnam and Japan.
Mapletree, the real estate arm of Temasek Holdings, also announced a 90 per cent increase in its profit after tax to S$747 million for the full year ended March 31, driven by higher rental contributions from its assets……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Thailand: Housing market to remain stable in 2011

Posted on 26 May 2011 by Laxman  |  Email |Print

The Real Estate Information Centre of Thailand has estimated that the housing market, especially in Bangkok and vicinities this year will not be as lively as last year but will not shrink much.
Real Estate Information Centre Executive Director Samma Kitsin admitted that there was no policy from the Thai government to support the housing market in the first four months this year while the 0% interest rate for the first house purchase will be effective in the latter half of the year……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Philippines property market enjoying a boom

Posted on 26 May 2011 by Laxman  |  Email |Print

The property market in the Philippines is currently enjoying a boom, with prices on luxury properties up 3%, and luxury property rental rates up by 8% according to CB Richard Ellis. The economy is flourishing and is currently growing at 7% year which is the highest rate for 30 years, and the remittances from Filipinos living abroad are expected to increase by a hefty per 7% this year.
One of the companies cashing in on the boom is Manila-based Century Properties Group Inc which currently has three projects on the go, including the Milano Residences which are designed and branded by Versace Home……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

US new-home sales rise for second month

Posted on 25 May 2011 by Laxman  |  Email |Print

Sales of new homes in the United States increased for the second consecutive month in April, crawling out of a record bottom earlier this year, official data showed Tuesday. The Commerce Department reported that sales rose to an annual rate of 323,000, an increase of 7.3 percent from March.
The reading was solidly stronger than the average analyst estimate of an annual rate of 300,000 homes. New-home sales had fallen in February to a rate of 278,000, hitting an all-time low for the data series started in 1963……………………………………….Full Article: Source

US: Sales buoy hopes for housing market

Posted on 25 May 2011 by Laxman  |  Email |Print

Sales of new homes posted a 7.1% gain in April from March, raising expectations that the downturn in residential construction could be near a bottom. New homes sold in April at a seasonally adjusted annual rate of 323,000 units. That was an increase from March, but still down 23% from the sales pace of April 2010.
In February, new homes were selling at an annual pace of 278,000 units, tying the slowest rate since the Census Bureau began tracking the data in 1963, but sales have risen in the past two months……………………………………….Full Article: Source

US: As housing goes, so goes the economy

Posted on 25 May 2011 by Laxman  |  Email |Print

The Great Recession began with the bursting of the housing bubble. Today, nearly two years after the recession officially ended, the housing market is still in trouble.
At times, it has looked as if things were improving, like last year’s jump in sales because of a temporary homebuyer’s tax credit or the recent rise in new-home sales from near-record lows. But, over all, sales and construction have been flat for two years, while prices, driven down by foreclosures, are plumbing new depths……………………………………….Full Article: Source

Why isn’t housing recovering?

Posted on 25 May 2011 by Laxman  |  Email |Print

For nearly two years, corporate profits have been surging, gross domestic product has been growing, and the majority of the key indicators we track have been moving in the right direction. Yet, home sales have remained in the dumps.
The indicators that hit closest to home (pun intended) are the ones that housing needs the most. These are the day-to-day realities that keep us feeling glum:………………………………………Full Article: Source

10 dirt-cheap housing markets

Posted on 25 May 2011 by Laxman  |  Email |Print

If you’re hunting for a real estate bargain, look no further: Here are 10 cities where the typical home costs less than $82,000.
The nation’s cheapest major housing market is the area in and around Youngstown, Ohio. There, the median home price barely breaks $55,000, according to the National Association of Realtors. We’re not talking about hovels in slums; these are well-kept homes in nice suburban or city settings priced at levels to make consumers in pricey coastal markets ache with envy……………………………………….Full Article: Source

Rising housing values create more Canadian millionaires

Posted on 25 May 2011 by Laxman  |  Email |Print

Rising housing values are helping to create more wealthy people in Canada. A study by the Deloitte Center for Financial Services says the number of millionaire households in Canada will grow from 1.745 million to 2.413 million by 2020, an increase of 38 per cent.
As Michael Nairne of the National Post pointed out, ìThe study estimated there are 182,000 households in Canada worth between $5- and $30-million and 17,000 households in the $30-million plus cohort……………………………………….Full Article: Source

Blackstone to sell $900-mln Canadian portfolio

Posted on 25 May 2011 by Laxman  |  Email |Print

The world’s largest private equity firm is taking its money out of Canadian real estate to take advantage of surging demand for buildings, flooding the market with $900-million of office buildings.
Blackstone Group LP has conscripted CIBC World Markets to sell its 29 Canadian buildings just as life returns to the Canadian investment market, with cash-rich real estate investment funds looking to invest billions of dollars to expand their portfolios……………………………………….Full Article: Source

UK: Property sales stay low, revenue figures show

Posted on 25 May 2011 by Laxman  |  Email |Print

Property sales in the UK are still lower than a year ago, according to HM Revenue & Customs (HMRC). Just 66,000 homes were sold in April, 1,000 fewer than in March and 6,000 fewer than in April last year.
Sales in the first four months of the year have been 5% lower than in the same period of 2010. The figures suggest that with the continued rationing of mortgages, and the economy in the doldrums, there is little chance of sales reviving……………………………………….Full Article: Source

UK mortgage rates could top 8pct: Economist

Posted on 25 May 2011 by Laxman  |  Email |Print

Home owners could be in for a nasty surprise as borrowing costs return to normal over the medium term, according to Capital Economics.
“There is plainly a great deal of uncertainty around what will happen to spreads on mortgage interest rates when Bank Rate does eventually rise. But if current spreads were maintained, average mortgage interest rates could rise to 8 percent,” Paul Diggle, a property economist at Capital Economics, wrote in a research note……………………………………….Full Article: Source

London commercial property sector recovery ‘greater than in many European cities’

Posted on 25 May 2011 by Laxman  |  Email |Print

The commercial property sector in London may be in good shape, as it has been stated the capital is outperforming many other European cities. Results from two large property companies have shown the difference in the pace of the recovery between the UK’s financial centre and its continental rivals.
In the UK, Land Securities posted better than expected results to hit its highest share level for two years, while in Germany, Gagfah group dropped to its lowest level in eight months for locations in Frankfurt……………………………………….Full Article: Source

Portuguese property market still slowing

Posted on 25 May 2011 by Laxman  |  Email |Print

Property prices, activity and confidence have all fallen further in Portugal as weakening demand continues to affect the country’s real estate market, according to the latest index.
Price falls have slowed down in Lisbon but gathered momentum in Porto and the Algarve, the April housing market survey from the Royal Institution of Chartered Surveyors and Confidencial Imobiliário shows……………………………………….Full Article: Source

Baltic states see property price rise

Posted on 25 May 2011 by Laxman  |  Email |Print

People looking to make an overseas property investment may want to consider homes in the Baltic states, as new figures have shown a steady increase in prices.
The countries have been attracting investment interest from British people for a number of years, as their economic and political landscapes shift closer to western Europe following independence from the old Soviet Union in 1991……………………………………….Full Article: Source

Lebanon’s property sales down 21 pct this year

Posted on 25 May 2011 by Laxman  |  Email |Print

The political deadlock over Cabinet formation and the volatile situation in the region have started to take their toll on Lebanon’s once booming real estate sector, with total sales of properties falling 21 percent in the first four months of this year.
According to figures released by the Directorate of Real Estate at the Finance Ministry, property transactions registered at the ministry reached 23,563 in this period, a drop of 21.3 percent compared to the same period of 2010……………………………………….Full Article: Source

Asia-Pacific real estate investment survey 2011

Posted on 25 May 2011 by Laxman  |  Email |Print

In April 2011, our Real Estate team surveyed a select group of international investors about their attitudes towards investment in the Asia-Pacific. Despite recent speculation that the strength of the Australian dollar could dampen interest in the region, the survey found that the Asia-Pacific is still in demand as an investment destination.
Well over half of the respondents - who came predominantly from Europe and the US and collectively manage real estate portfolios valued at almost US$100 billion - intend to invest in the Asia-Pacific region in the future……………………………………….Full Article: Source

India: Realtors throng global research firms as funds dry up

Posted on 25 May 2011 by Laxman  |  Email |Print

Foreign research firms that advise to the real estate sector are finally seeing some concrete gains in India. With domestic fundraising avenues getting scarce, real estate developers are now increasingly seeking their help to access foreign investors and also to understand the target audience better.
While these firms set up shops in India long time back, some point “discussions are now materialising into actual deals”……………………………………….Full Article: Source

New Delhi: Developers embrace brokers to clear glut in housing market

Posted on 25 May 2011 by Laxman  |  Email |Print

A glut in the residential property market is driving developers to brokers to sell their projects in the Delhi-National Capital Region (NCR). Nearly 66,000 residential units were launched between October and March in Delhi-NCR, according to property consultant Jones Lang LaSalle India. The launches included 43,000 units in Noida alone.
Delhi-NCR includes satellite towns around the Capital such as Noida, Greater Noida, Gurgaon and Faridabad……………………………………….Full Article: Source

Beijing property market cooling

Posted on 25 May 2011 by Laxman  |  Email |Print

The number of apartments for sale in Beijing has increased and house prices have fallen slightly, indicating lower sales volumes and suggesting that the overheated property market has begun to cool down.
The number of new apartments for sale grew to 100,868 units on May 22, higher than the year’s previous record of 100,362 on January 18 during the winter low season, according to the report from property consultancy Centaline China Real Estate Tuesday……………………………………….Full Article: Source

Beijing property prices to fall in June as developers offer discounts

Posted on 25 May 2011 by Laxman  |  Email |Print

Prices at new property projects to be launched in Beijing in June are expected to drop to RMB 20,490 per square meter, down 3.9% from this month, the National Business Daily reported, citing data from Beijing-based Yahao Real Estate Selling & Consulting Solution Agency.
According to the data, 39 property projects will be launched in June in the city, 16 of which are brand-new, with an average price of RMB 19,913 per square meter, as more developers are choosing to offer discounts to counter the negative effects from the government’s property policies……………………………………….Full Article: Source

May 2011
M T W T F S S
« Apr   Jun »
 1
2345678
9101112131415
16171819202122
23242526272829
3031