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Real Estate Briefing - Archive | January, 2012

Canada: Housing bubble is really a balloon

Posted on 31 January 2012 by Laxman  |  Email |Print

Sherry CooperIt’s not a bubble, it’s a balloon. Unlike the catastrophic decline the U.S. housing market experienced in 2008, Canada’s housing market is expected to deflate slowly rather than pop, according to BMO Capital Markets chief economist Sherry Cooper.
Cooper’s report says that despite rising household debt, low interest rates and rising home prices, it is unlikely that a sudden correction will take place. “The main take-away is that the national housing market appears somewhat pricey, but is far removed from bubble territory,” Cooper said in the report, titled Will Canada’s Housing Boom Forge On, Fizzle Out, or Flame Out?……………………………………….Full Article: Source

U.S: The housing recovery that wasn’t

Posted on 31 January 2012 by Laxman  |  Email |Print

Lance RobertsOver the past few months, a spate of good news about the U.S. housing market has led some to think a recovery is finally on the horizon. The evidence is compelling. It now costs almost as much to rent as buy.
Since the housing bubble burst in 2006, home prices have fallen by 33% nationwide — more than they did during the Great Depression. Waves of foreclosures and tighter lending standards have helped drive a surge in rentals. And during the third quarter, the median monthly mortgage payment totaled $698 compared to the median monthly asking rent of $700, according to Capital Economics, citing data from the National Association of Realtors and the Census Bureau………………………………………..Full Article: Source

10 real estate markets poised to outperform in 2012

Posted on 31 January 2012 by Laxman  |  Email |Print

The markets, which stretch from New York to Texas and include metros with populations above 150,000, were selected and ranked based on a range of demographic, economic and real estate market data, including real estate sales volume and median sales price appreciation.
Three of the 10 markets on this list are state capitals, and both Illinois markets benefit from proximity to that state’s capital, Springfield.Four of the markets: Bloomington-Normal and Peoria in Illinois as well as Des Moines-West Des Moines and Waterloo-Cedar Falls in Iowa, are no more than 300 or so miles from each other………………………………………..Full Article: Source

US commercial property investment up 57pct in 2011

Posted on 31 January 2012 by Laxman  |  Email |Print

Fuelled by exceptional growth in retail property and low-rise apartment investment, American commercial property investment grew 57% year on year in 2011 according to the latest data from Real Capital Analytics.
The data shows that more than 14,700 properties, each worth at least $2.5 million changed hands in 2011, with retail property investment up 91% compared to 2010 and low-rise apartment investment up 70% compared to the previous year………………………………………..Full Article: Source

Online mortgages boom despite housing bust

Posted on 31 January 2012 by Laxman  |  Email |Print

With mortgage rates at historic lows and consumers’ power through social media at an all-time high, those looking to buy homes or refinance can find the combination advantageous if they go online to shop for a mortgage.
The idea of borrowing money in an internet-based transaction isn’t new, but consumers are finding that the strong, growing power of social media can help them find a comfort zone. Consumers recently beat down Bank of America’s plan to charge for debit card use and Verizon Wireless’ proposed “convenience” fee to pay bills online……………………………………….Full Article: Source

Brazil housing construction priority for driving growth in 2012

Posted on 31 January 2012 by Laxman  |  Email |Print

Brazil’s government is prioritizing investments in housing construction in 2012, to help lift the prospects for economic growth, and is focusing its efforts on the second stage of a subsidized program for low-income families.
Hefty investments will be needed to meet the government’s goal of 4.5% expansion in gross domestic product, Finance Minister Guido Mantega told reporters after a meeting between government officials and the private-sector construction industry………………………………………..Full Article: Source

European commercial property markets struggle amid economic woe

Posted on 31 January 2012 by Laxman  |  Email |Print

European commercial property markets struggled in the final months of 2011 as weak economic growth expectations weighed on confidence and saw demand for property slump across much of the region, a survey by the Royal Institution of Chartered Surveyors showed Monday.
With the exception of Germany, European Union countries experienced negative rental, capital value and investment demand expectations for the first quarter of 2012. Meanwhile, in the fourth quarter of last year occupier demand was also negative in most European regions apart from Germany, while leaving plenty of available space………………………………………..Full Article: Source

Europe: Troubled banks hold key to uncertain property market – PwC/ULI

Posted on 31 January 2012 by Laxman  |  Email |Print

The increased presence of new lenders will have no significant impact on “near paralysed” European property markets in the short term, according to the latest ‘Emerging Trends’ report from PwC/ULI.
Mezzanine lenders will depend on senior debt in the market, and insurance companies – such as Aviva and AXA, currently boosting their lending activity in European markets – will take time to build appropriate capital-deploying infrastructures………………………………………..Full Article: Source

Annual European investment volumes rise 7pct between 2010 and 2011

Posted on 31 January 2012 by Laxman  |  Email |Print

The volume of commercial property investments traded in the main Western European markets rose by 7% between 2010 and 2011 according to a report by BNP Paribas Real Estate, the leading international real estate adviser.
Total investment volume in 2011 amounted to €38.7bn in the nine primary markets studied by BNP Paribas Real Estate, revealing a 7% increase compared to the previous year………………………………………..Full Article: Source

Sustainability legislation impacting European office market

Posted on 31 January 2012 by Laxman  |  Email |Print

Over 83% of real-estate professionals think sustainability is the highest priority strategic issue facing office real estate decision-makers over the next ten years according to a new report by Jones Lang LaSalle (JLL).
The report states that sustainability legislation is now causing irreversible changes to European office buildings as real estate industry adapts at different speeds………………………………………..Full Article: Source

Property funds could fill bank lending vacuum, says Cordea Savills

Posted on 31 January 2012 by Laxman  |  Email |Print

Property fund managers could be the next group in financial markets to fill the partial credit vacuum as banks reduce lending, according to the chief executive of international real estate fund managers Cordea Savills.
Private equity managers, government agencies and even hedge funds have become lenders to credit-starved businesses, and other borrowers unable to obtain credit through traditional channels since 2008………………………………………..Full Article: Source

Vienna: Property prices ‘will continue to rise’

Posted on 31 January 2012 by Laxman  |  Email |Print

A real estate manager has said he expects Viennese property prices to climb further. Johannes Meran, who heads the administration board of Vienna-based property developer Conwert Immobilien Invest AG (Conwert), told the Kurier newspaper today (Mon): “I think the price for owner-occupied apartments in Vienna will continue to rise. Increases of five to 10 per cent are possible.”
Meran added his company saw no indicators for contrary developments………………………………………..Full Article: Source

2011 a record year in the Budapest office market

Posted on 31 January 2012 by Laxman  |  Email |Print

2011 has been a record year in the Budapest office market with take up reaching nearly 400,000 m², the highest level since 2008 when there was still a momentum from a strong market.
The latest figures from global property consultant Cushman &Wakefield indicate that the market is moving away from the days when the majority of the transactions were renegotiations and relocations again count for a big part of the transactions………………………………………..Full Article: Source

Russia: Experts say subsidized housing sector weak

Posted on 31 January 2012 by Laxman  |  Email |Print

The quantity and scope of state provided housing in Russia is very limited compared with many other countries, particularly in Europe, and families in Moscow can wait up to 10 years for apartments, according to city officials.
There are 414 apartments per 1,000 people in Russia, which is significantly below the European Union figure of 450 per 1,000 people, said Wolfgang Amann, a member of the Real Estate Market Advisory Group of the United Nations Economic Commission for Europe, at the round table last week. On average, Russians have 22.4 square meters of living space versus 38 square meters in the EU………………………………………..Full Article: Source

Istanbul’s unprecedented property boom causes concern about citizens’ rights

Posted on 31 January 2012 by Laxman  |  Email |Print

Turkey’s economy is booming, led by construction in its largest city, Istanbul. Supported by foreign investment, city authorities are embarking on massive redevelopment. But concerns are growing that citizens’ rights have become victim to the projects.
In the Tarlabasi district in central Istanbul, houses are being destroyed as part of a major redevelopment by local authorities. Most of the thousands of people living here have been evicted, even if they own their homes like Mehmet Tas………………………………………..Full Article: Source

More European construction firms head to Qatar

Posted on 31 January 2012 by Laxman  |  Email |Print

Faced with a worsening debt crisis and the real prospect of a recession at home, several major European companies seeking new investment opportunities will be attending the annual Qatar Projects 2012 conference which will take place in Doha on 5-8 February at the Grand Hyatt Hotel.
More than $106 billion (€80.4 bln )of major projects will be awarded between now and 2022 in the Gulf state, with significant investment in oil and gas, heavy industry, electricity generation and water desalination, social infrastructure and transportation links, figures from MEED’s 2011/12 Qatar Projects report………………………………………..Full Article: Source

Prices of Mumbai luxury homes fell by 18pct last year

Posted on 31 January 2012 by Laxman  |  Email |Print

Prices of luxury houses in Mumbai fell by 18% in 2011, the most among 23 world cities, according to a Knight Frank Prime Global Cities Index released on Monday. Although the global index rose by 3%, Asia fell by 1%. While prices in Mumbai fell the most (-18%), Nairobi (up 25%) was the strongest performer during 2011, said the report.
“Post the Lehman collapse, European and North American cities were largely responsible for the index’s slump. Since late 2010, it has been the Asian cities which have dampened price inflation. In Q2 2010, prices in Asia Pacific were rising at an average rate of 23.6% each year, the comparable figure now stands at -1%,” it said………………………………………..Full Article: Source

China: No holiday cheer for housing sales

Posted on 31 January 2012 by Laxman  |  Email |Print

China’s housing market had a bleak week during the Lunar New Year holiday, with many cities seeing few transactions. In Guangzhou, capital of South China’s Guangdong province, 19 new properties were sold from Jan 22 to 27, a 59.6 percent year-on-year fall.
In Hangzhou, capital of East China’s Zhejiang province, only one property was sold during the holiday, local media reported………………………………………..Full Article: Source

Taiwan: Developers hope NT$1.2 trillion of new projects will boost H2 real estate market

Posted on 31 January 2012 by Laxman  |  Email |Print

Real estate developers are expected to roll out new housing projects amounting to NT$1.2 trillion at three major metropolitan regions in northern, central and southern Taiwan in 2012 to warm up the real estate market in the second half following a big slump in 2011.
Realty analysts generally forecast higher presentation of more new housing projects in Taipei and New Taipei City in the north, Taichung in central Taiwan, and Kaohsiung on the southern part of the island………………………………………..Full Article: Source

Australia December capital city house prices down 0.2pct -RP Data

Posted on 31 January 2012 by Laxman  |  Email |Print

Australian monthly house prices declined in December, adding to growing concern among banks and property firms that a deterioration in prices across the country will resume this year.
The December decline came just a month after house prices rose for the first time in a year in November. That gain was supported by the first interest rate cut by the Reserve Bank of Australia since early 2009, and occurred ahead of the removal of a tax exemption for certain purchases………………………………………..Full Article: Source

Housing market healthy - but prices will slip, ANZ says

Posted on 31 January 2012 by Laxman  |  Email |Print

Home prices will continue to weaken - but only because of subdued sentiment by buyers rather than fundamental problems in the market, according to a report on the health of the sector. ANZ analysis suggests that home prices should continue to ‘‘drift sideways to slightly lower through 2012’’ as buyers’ attitudes towards housing remain cautious in the year ahead.
‘‘Economic fundamentals suggest this weaker momentum is being driven mainly by a shift in market sentiment rather than any significant forced liquidation of housing due to financial stress,’’ ANZ senior economist David Cannington writes in the report published today………………………………………..Full Article: Source

RICS Global Commercial Property Survey Q4 2011: Economic climate hinders markets

Posted on 31 January 2012 by Laxman  |  Email |Print

The weaker economic climate further hindered commercial real estate markets around the world during the last quarter of 2011. In Europe, while Germany, Poland and Russia continue to perform strongly, other markets such as France and the Netherlands have become increasingly nervous, says the latest RICS Global Commercial Property Survey issued 30 January 2012.
The report indicates that negative macro economic news hit confidence in an increasing number of countries around the world………………………………………..Full Article: Source

U.S: Housing remains a buyer’s market

Posted on 30 January 2012 by Laxman  |  Email |Print

Ingo WinzerA majority of Americans recently surveyed say now is a good time to buy a home. That’s no surprise, given that record-low mortgage interest rates and bargain home prices are boosting affordability.
But selling a home? That’s a different story. According to 71% of the 1,000 people surveyed by Fannie Mae in December, now is a good time to buy a house. But only 11% think it’s a good time to sell………………………………………..Full Article: Source

Credit Suisse bets on US property market

Posted on 30 January 2012 by Laxman  |  Email |Print

The New York Federal Reserve said it has sold $7 billion in residential mortgage-backed assets acquired in its AIG bailout to Swiss bank Credit Suisse (CS.
The New York Fed did not disclose the amount paid for the assets, part of a special portfolio created in the 2008 rescue of the American insurance and financial services company. The assets were sold through an auction, it said in a statement………………………………………..Full Article: Source

The next U.S. housing market bailout

Posted on 30 January 2012 by Laxman  |  Email |Print

Why are housing prices falling when the number of houses on the market continues to decline? Usually, when supply shrinks, then prices rise, right? So, why isn’t that happening now?
The reason is that housing market never completely cleared, which is to say that the Fed’s interventions and the manipulation of inventory by the banks prevented the market from finding a bottom………………………………………..Full Article: Source

Delta: Washington apartment investment market is still strong

Posted on 30 January 2012 by Laxman  |  Email |Print

The Washington apartment investment market is one of the strongest performers in the nation, driven by strong market fundamentals and an outlook of continued growth in rents amid restrained supply.
Local investors as well as national real estate investment trusts and foreign investors are searching the market for buildings and complexes. Per-unit sales prices have rebounded to their 2007 levels, as cap rates have continued to decline………………………………………..Full Article: Source

European investment volumes rise 7pct between 2010 and 2011

Posted on 30 January 2012 by Laxman  |  Email |Print

The volume of commercial property investments traded in the main Western European markets rose by 7% between 2010 and 2011, according to a report by international adviser BNP Paribas Real Estate.
Total investment volume in 2011 amounted to EUR 38.7 bn in the nine primary markets studied by BNP Paribas Real Estate, revealing a 7% increase compared to the previous year………………………………………..Full Article: Source

European office take-up falls in Q4 2011: BNP Paribas RE

Posted on 30 January 2012 by Laxman  |  Email |Print

Take-up of office space in the main office markets in Western Europe dropped slightly in Q4 2011 on a rolling year basis compared to Q3 2011, according to the latest research by BNP Paribas Real Estate.
The leading international property adviser’s Q4 market report shows the greatest level of activity was in the German cities of Frankfurt, Berlin, Munich and Hamburg, which recorded strong demand for offices in the year’s final quarter as throughout the year. The average vacancy rate of the nine major markets recorded a third consecutive fall in Q4 2011………………………………………..Full Article: Source

European retail property investment grows despite Eurozone turmoil

Posted on 30 January 2012 by Laxman  |  Email |Print

Capital flows into European retail property continue to follow economic performance, with Germany and those markets positioned outside of the Eurozone clear favorites with investors, according to the latest data from global real estate adviser CBRE.
European retail property investment grew to €9.4 billion in the final quarter of 2011 (Q4), bringing the annual total to €37.2 billion………………………………………..Full Article: Source

Twice as many investors considering property debt in 2012, says INREV

Posted on 30 January 2012 by Laxman  |  Email |Print

The number of institutional investors expecting to make future investments in real estate debt funds has almost doubled compared with last year, according to INREV, which is looking into the feasibility of a dedicated fund index.
The association for the European non-listed real estate funds industry found that 41% of its investor members were ‘likely’ or ‘very likely’ to commit to debt vehicles, up from 23% last year………………………………………..Full Article: Source

Alternative property types gain traction in climate of ‘profound instability’

Posted on 30 January 2012 by Laxman  |  Email |Print

Highly specialised non-core investments are gaining traction as alternatives to traditional property types, according to the annual Emerging Trends in Real Estate Europe report published by the Urban Land Institute and PricewaterhouseCoopers.
Recommendations for longer-term non-core investments include: solar energy parks and wind farms, identified by interviewees as a growth business; gas storage facilities; and healthcare, hospital and data centres, which offer appeal as a stable income stream………………………………………..Full Article: Source

UK: House prices flat in January, says Hometrack

Posted on 30 January 2012 by Laxman  |  Email |Print

Small rise in London prices offsets declines in other regions, after falls of 0.2% nationally in November and December. Britain’s housing market got off to a slow start to the year as the usual seasonal slowdown was exacerbated by weak consumer confidence.
House prices were flat in January, after falls of 0.2% in November and December, according to a survey of 1,500 estate agents and surveyors by the property analysis firm Hometrack. Nationally, prices have not risen month-on-month for a year and a half………………………………………..Full Article: Source

House prices flat as market ‘dogged by uncertainty’

Posted on 30 January 2012 by Laxman  |  Email |Print

House prices across England and Wales remained flat in January – the eighteenth consecutive month prices have not increased, according to new figures.
London saw a small 0.1% rise in prices, which has offset falls in other regions. And this trend looks set to continue through 2012, according to Hometrack, thanks in large part to the Olympics………………………………………..Full Article: Source

Istanbul first choice for property investors as European recovery stalls

Posted on 30 January 2012 by Laxman  |  Email |Print

Analysis of top property markets by PricewaterhouseCoopers finds London struggling to retain status as gold standard of real estate. Istanbul, Munich and Warsaw are the new hotspots for property investors and developers, as much of Europe remains mired in a vicious cycle of low or no growth, mounting debt and drastic austerity measures.
London – usually seen as the gold standard of real estate – has lost some of its allure and is now just hanging on at the bottom of the top 10, according to a report by PricewaterhouseCoopers and the Urban Land Institute………………………………………..Full Article: Source

Istanbul leads emerging trends ranking for 2012

Posted on 30 January 2012 by Laxman  |  Email |Print

Over half of the cities surveyed in the annual Emerging Trends report on European real estate recorded a lower investment score than last year, including major markets such as London, Frankfurt, Copenhagen, Madrid and Rome. The top-ranked cities in the survey tend to be either in western or northern Europe, or growing regions to the east.
For the second consecutive year, Istanbul ranked first for both investment and development………………………………………..Full Article: Source

India: Realty firms start mega asset sales

Posted on 30 January 2012 by Laxman  |  Email |Print

Real estate companies across cities, pushed into a corner, have kicked off plans on an unprecedented scale to sell assets so they can trim their bulging debt and generate cash flows.
About a dozen large developers, including the country’s top realty firm, DLF Ltd, are raising about Rs.15,000 croreby monetizing their assets……………………………………….Full Article: Source

Mumbai big-ticket property market sluggish

Posted on 30 January 2012 by Laxman  |  Email |Print

An estimated Rs 7,800-crore of big-ticket property deals sought to be put through in this city by companies and government bodies here haven’t been moving forward. Sector insiders and analysts say this is due to combination of slowing property markets and liquidity issues.
The companies involved include DLF, Alok Industries, National Textile Corporation (NTC) and Hindustan Unilever (HUL)……………………………………….Full Article: Source

China home prices must fall 30pct to reach ‘reasonable’ level

Posted on 30 January 2012 by Laxman  |  Email |Print

China’s property prices need to decline 30 percent to reach a “reasonable” level, according to He Keng, a deputy director of the Financial and Economic Affairs Committee of the National People’s Congress.
Housing prices will be at a “reasonable” level when they are equivalent to about six years of salary for a family, the senior lawmaker said, according to the transcript of an interview with China National Radio………………………………………..Full Article: Source

Luxury condo prices up more than 10 pct in Bangkok

Posted on 30 January 2012 by Laxman  |  Email |Print

Despite the fact that only 17 per cent of luxury condo projects surveyed last year in inner Bangkok were sold, prices per square metre were up 11.5 per cent.
A survey of luxury developments in Phloenchit, Chidlom, Pathumwan and Ratchathewi in December showed prices have risen to THB145,000 (US$4,631) per metre, according to real estate consultancy Agency for Real Estate Affairs (AREA)………………………………………..Full Article: Source

Taiwan: Real estate market may rebound in second half of 2012

Posted on 30 January 2012 by Laxman  |  Email |Print

Real estate developers are expected to roll out new housing projects amounting to NT$1.2 trillion at three major metropolitan regions in northern, central and southern Taiwan in 2012 to warm up the real estate market in the second half following a big slump in 2011.
Realty analysts generally forecast higher presentation of more new housing projects in Taipei and New Taipei City in the north, Taichung City in central Taiwan, and Kaohsiung on the southern part of the island………………………………………..Full Article: Source

Australia: Rental residential property booming with long queues

Posted on 30 January 2012 by Laxman  |  Email |Print

House prices might be sluggish, but all signs are pointing to a booming rental market this year, with long queues at inspection times and tight vacancy rates. But high rentals and shortage of properties means landlords are able to pick and choose tenants who tick every box, leaving many single parents and self-employed people struggling to find a home.
Tim McKibbin, CEO of the Real Estate Institute of NSW said the residential rental market was suffering under a heavy demand which is far outweighing supply………………………………………..Full Article: Source

U.S. commercial property sales climb to more than $220 bln

Posted on 27 January 2012 by Laxman  |  Email |Print

Commercial property sales rose 57 percent to more than $220 billion U.S. last year, led by retail properties and garden apartments, Real Capital Analytics Inc. said in a report today.

More than 14,700 properties, each worth at least $2.5 million, changed hands in 2011, the New York-based real estate research firm said. Retail-property transactions rose 91 percent from a year earlier to $42.4 billion, and sales of low-rise apartments increased 70 percent to $34.5 billion. Manhattan accounted for 12 percent of total deal volume……………………………………….Full Article: Source

Gloom continues in US homes market

Posted on 27 January 2012 by Laxman  |  Email |Print

President Barack ObamaThere is no respite from the gloom in the US housing market, where the number of new homes sold unexpectedly fell last month and prices remain down on the previous year. The disappointing data came a day after the Federal Reserve cited the depressed housing market as a key reason it plans to keep interest rates at zero for almost another three years.

The Commerce Department said yesterday that sales of newly built homes fell 2.2 per cent in December to an annualised rate of 307,000, bringing to a halt three months of modest rises……………………………………….Full Article: Source

The mortgage market: Home truths

Posted on 27 January 2012 by Laxman  |  Email |Print

Sometimes it takes the interaction of powerful forces for things just to stand still. So it is with Britain’s housing market, which lenders expect to remain characterised this year by low levels of transactions and stable prices. But, quietly, the property market is being transformed.

The forces bearing down on housing are obvious enough. Home sales have fallen sharply since the start of the financial crisis, to around half their 2007 levels. That reflects greater conservatism on the part of lenders—“We don’t assume that home prices will go up, a mistake everyone made in the past,” says one—and of borrowers worried by an uncertain economic outlook at home and endless euro-crisis headlines……………………………………….Full Article: Source

New-home sales hit a record low

Posted on 27 January 2012 by Laxman  |  Email |Print

Just 302,000 new homes were sold in 2011, 6.2% below 2010 and the lowest number of annual sales since the government started tracking home sales in 1963. In December, sales of single-family homes fell 2.2% month-over-month to an annual rate of 307,000, according to estimates released by the Census Bureau and the Department of Housing and Urban Development.

A consensus of experts from Briefing.com had forecast an annual rate of sales of 321,000 for December. The actual result was a 6.9% decline from 12 months earlier, when homes sold at a 329,000 annual rate……………………………………….Full Article: Source

U.S: Nation’s housing market will continue to rebound: Housing expert

Posted on 27 January 2012 by Laxman  |  Email |Print

The country’s improving economic fortunes bode well for the residential real estate market in 2012, said Dave Liniger, chairman and co-founder of RE/MAX. His comments follow last week’s Illinois Association of Realtors’ (IAR) release of 2011 home sales. However, those figures were not good for Cook County, which saw a dip in home sales in 2011 compared with 2011.

Based on the recovering economy, the leader of RE/MAX recently predicted a continued rebound in the nation’s housing market this year……………………………………….Full Article: Source

More canadians able to buy homes in december

Posted on 27 January 2012 by Laxman  |  Email |Print

According to data released by the Canadians Real Estate Association, more Canadians were able to purchase new homes in December 2011, with homeownership rates up by 1.8%. Meanwhile sales for 2011 reached a total of 456,749 which is an increase of 2.2%.

New listings increased by 3%, but property prices rose by just 0.9% year-on-year……………………………………….Full Article: Source

Uncertain economic outlook will depress investment volumes in 2012: DTZ

Posted on 27 January 2012 by Laxman  |  Email |Print

European real estate investment is set to dip slightly in 2012 due to ongoing uncertainty in the global financial markets, according to a new research report issued by DTZ. In its European Investment Market Update, the London-based division of UGL Services said transactional activity is expected to slow down modestly this year, to EUR 107 bn.

‘Looking forward, uncertainties in global financial markets are starting to impact investor sentiment as efforts continue to contain the European banking and sovereign debt crisis. Given this more negative sentiment we are forecasting that volumes will register a small fall in 2012,’ said Magali Marton, head of DTZ CEMEA Research……………………………………….Full Article: Source

Retail investment hit EUR 37bln in 2011: CBRE

Posted on 27 January 2012 by Laxman  |  Email |Print

Capital flows into European retail property continue to follow economic performance, with Germany and those markets positioned outside of the eurozone clear favourites with investors, according to the latest data from global real estate adviser CBRE.

European retail property investment amounted to EUR 9.4 bn in the final quarter of 2011 (Q4), compared to EUR 11.7 bn in the same period a year before. In total, some EUR 37 bn of retail assets were traded over the course of last year, representing a record share of Europe’s overall commercial real estate investment market, just over 2010’s record of 32% on the pan-European level……………………………………….Full Article: Source

CEE volumes climb in Q4 as investors hunt for prime

Posted on 27 January 2012 by Laxman  |  Email |Print

Foreign investors widening their search for prime properties helped push the 2011 transaction volume for Central and Eastern Europe to more than EUR 11 bn - double that of the previous year, according to CRBE. PropertyEU’s analysis of EUR 20 mln-plus deals during the fourth quarter tracked more than EUR 1 bn of activity by cross-border investors in the region.

The deal in Poland, for instance, involved Qatar’s sovereign wealth fund QAI buying the new Warsaw headquarters for telecoms group Telekomunikacja Polska from developer Bouygues for EUR 90 mln……………………………………….Full Article: Source

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