Global industrial rents have continued to grow, according to new research from CBRE, as a lack of significant new development has fueled global growth in prime industrial rents in 2011 and will underpin continued rent increases over the next two years.
Despite a weak economic outlook and a decline in industrial production, CBRE’s latest Global Industrial MarketView shows that demand from large scale industrial occupiers—particularly third party logistics (3PL) and retail distributors—has weathered the storm………………………………………..Full Article: Source

The U.S. housing market, once the epicenter of the global financial collapse that spawned today’s European debt crisis, is on the verge of delivering some positive news.
For the first time since 2005, U.S. residential construction looks set to expand a little next year, and it could add one- or two-tenths of a percentage point to GDP growth in 2012 — a mere sliver, but one that would add to the picture of a slowly healing U.S. economy………………………………………..Full Article: Source

House prices fell 2.7% in December but are up 1.5% on last year, according to Rightmove. This is surprising given the challenging market, according to the property website. However, with retail price index (RPI) inflation hitiing 5.2%, in real terms house prices fell nearly 4%.
Forecasting a ‘fragmented and uncertain’ 2012 housing market, Rightmove said conditions will be just as challenging as they’ve been this year, with asking prices expected to rise by a mere 2%. Inflation-adjusted house prices will continue to fall in 2012, or at best stand still………………………………………..Full Article: Source

Asking prices for property for sale in the U.K. slid sharply in the first weeks of December compared with November, and were little changed from a year earlier, a survey by Rightmove showed Monday.
The online estate agency also reported it expects house prices to rise by around just 2% over the whole of 2012, as a continued shortage of sellers will keep the market afloat, despite the ongoing uncertainty amid the euro zone crisis………………………………………..Full Article: Source

The Swiss central bank is in “permanent crisis mode,” Swiss National Bank President Philipp Hildebrand said. “We’ve been in permanent crisis mode for four and a half years,” Hildebrand said. Policy makers are “permanently dealing with new developments that we have to cushion as well as possible, and prepare ourselves for any further developments.”
Hildebrand said uncertainty about how the sovereign-debt crisis will develop is affecting the Swiss economy. He also said he’s concerned about the real-estate market………………………………………..Full Article: Source

Next year will be an even worse year for the housing market than 2011. It might improve only in 2013. Experts expect that house price growth will further level out, largely as a result of the still-high indebtedness of households and a lack of interest-rate stimulus since 2009.
First National Bank property analyst John Loos says that at this stage there is little on the horizon to indicate better house prices next year………………………………………..Full Article: Source

About 4 million villas, apartments, communal houses and other real estate units in the Kingdom are not covered by insurance. Another 2.8 million housing units are estimated to require coverage by 2025. This number will increase at a rate of 200,000 units every year, according to an insurance expert.
Director of property and accidents insurance at Al-Tawuniya insurance company, Mutlaq Abdullah Al-Qahtani, said the house insurance had become a necessity. He said modern household equipment could be vulnerable to fires and explosions, and also larceny………………………………………..Full Article: Source

The Real Estate Regulatory Authority (RERA), the regulatory arm of Land Department in Dubai (LD), has issued warnings to 23 real estate brokerage companies for not adhering to RERA’s terms and regulations. The warnings were issued after RERA’s Permits Section of the Real Estate Licensing Department monitored and registered violations committed by some firms through their advertisements in the media.
The companies did not indicate their registration numbers issued by RERA in the advertisements published in newspapers, magazines and websites or distributed via e-mails. (Press Release)

Housing comes as one of the priorities in the infrastructure to ensure good living for Omani citizens. The new generation is facing problems in getting appropriate and healthy residence. This is becoming an issue with the youth who wish to get married and to have their own house apart from a family.
The cost of housing has doubled including the price of land, construction costs along with other related things. These costs are putting a burden on youth who depend completely on salaries especially those under the limited or medium income or the social insurance families………………………………………..Full Article: Source

Demand for property continues to remain robust in various parts of Asia, particularly China, India and Indonesia. “There continues to be a growing middle class that is keen on investing in the cross-border property market,” said Steve Melhuish, group chief executive officer of All Property Media Pte.
Melhuish said the global slowdown is not affecting rising markets such as China, India and Indonesia, where a kind of diversification is catching on, propping up property markets in countries such as Singapore………………………………………..Full Article: Source

Is the property boom over? Markets across Asia are falling or flattening, the Wall Street Journal reports. Numbers out of Beijing, Hong Kong, Sidney and Singapore reflect property value declines, while markets such as Bangkok and Kuala Lumpur are stagnent.
This comes after many Asian markets have experienced growth in the past few years, some up as much as 70 per cent since 2009………………………………………..Full Article: Source

The Confederation of Real Estate Developers Associations of India (Credai) has once again brought to the centre-stage the issue of transparency by pushing it as a panacea for the negative perception about developers among policy-makers and the public. It is another matter the government has not caught this self-regulation bait and has made up its mind to bring a regulator.
A section of developers is opposing the regulatory bill on the ground that the sector is already over-regulated. No one denies the need for simplifying policies and procedures………………………………………..Full Article: Source

As the rupee breached the Rs 54-mark against the US dollar, many non-resident Indians (NRIs) are aggressively looking to enter the realty sector in the country. The rupee has also lost ground against other currencies equally.
“The rupeehas depreciated 20% in past six months, so you can say it is like getting a property at 20% discount,” said Parth Kikani, a fund manager with a Dubai-based financial institution, who is all set to buy a bungalow in the outskirts of Ahmedabad. “I personally feel that for investors, tier-II is a better bet for rate of return.”……………………………………….Full Article: Source

China’s home prices posted their worst performance this year with more than half of the 70 biggest cities monitored in November recording declines after the government reiterated plans to maintain property curbs.
New home prices dropped from the previous month in 49 of the cities monitored by the government, compared with 33 posting decreases in October, the national statistics bureau said. Only five cities had gains in home prices, according to the statement………………………………………..Full Article: Source

Tightening measures introduced to cool the property market are continuing to bite with 70 percent of 70 major cities surveyed reporting month-on-month price falls.
November saw 49 out of 70 cities monitored report falling prices for newly built residential properties from a month earlier, while prices in another 16 cities remained unchanged, according to figures released by the National Bureau of Statistics on Sunday………………………………………..Full Article: Source

Hong Kong luxury home rents, which fell last quarter for the first time since mid-2009, may slump 10 percent next year as banks and hedge funds scale back amid the threat of a global recession, according to brokers including Jones Lang LaSalle Inc. (JLL) and Colliers International.
“We’re definitely at that tipping point,” said Anne-Marie Sage, Hong Kong-based head of residential leasing at Jones Lang, the world’s second-largest commercial brokerage. “We’ve began to see vacancies at the very top end of the market. The banking and the financial sector have basically stopped all movement.”……………………………………….Full Article: Source

Vietnam’s once-frenzied property market has ground to a halt, leaving local developers limping and international investors salivating at the chance of snapping up distressed deals.
With poorly-capitalized local developers struggling to complete projects, foreign funds say this is the opportunity they have been awaiting since the global financial crisis began………………………………………..Full Article: Source

Experts are lining up to contradict the extremist property analyst Steve Keen’s prediction that the nation faces a drop of up to 10 per cent in house prices in 2012, with most forecasting moderate growth.
Releasing the Australian Property Monitors’ property market outlook, senior economist Andrew Wilson tipped 3 to 5 per cent growth in median house prices nationally and for Sydney………………………………………..Full Article: Source