Posted on 07 May 2012 by Laxman | Email |Print
The current state of real estate markets suggests a temporary deceleration in the on-going global real estate market recovery, according to Jones Lang LaSalle’s latest Global Market Perspective report.
With a brighter outlook ahead for the global economy however, sentiment is recovering and full year 2012 commercial real estate volumes are expected to match the robust levels seen in 2011………………………………………..Full Article: Source
Posted on 07 May 2012 by Laxman | Email |Print
New housing data shows some signs that the real estate market has finally bottomed out. With current mortgage rates already near all-time lows and the government tapped out, this would be welcome news.
But the question is: Will this prove to be the true turning point for housing — or another false bottom leading to further depths?……………………………………….Full Article: Source
Posted on 07 May 2012 by Laxman | Email |Print
Investment turnover in the European retail property market slowed in the first quarter of 2012 with few large transactions taking place, according to the latest report from global real estate adviser CBRE. However, activity is expected increase from Q2 2012 onwards, the adviser said.
The retail property investment market in Europe totalled EUR 4.6 bn in Q1 2012, which represents a 64% fall in activity compared with the last quarter of 2011 and less than half of the quarterly average of the last two years of EUR 9.4 bn………………………………………..Full Article: Source
Posted on 07 May 2012 by Laxman | Email |Print
Government plans to impose ‘green’ regulations on new homes could add tens of thousands of pounds to construction costs and “strangle” the housebuilding market, ministers have been told.
The blunt warning from Linden Homes, the housebuilding division of Galliford Try, is just one of a barrage of policy criticisms submitted last month to a government consultation on new Building Regulations………………………………………..Full Article: Source
Posted on 07 May 2012 by Laxman | Email |Print
Commercial property values declined for the second consecutive quarter during the first three months of 2012 (by -0.7%), marking the onset of a double dip and a return to negative growth after the deepest decline of property values on record.
Values remain 31% below 2007 levels, which will pile further pressure on those looking to refinance loans now in negative equity. Nearly £300 billion (approx. €370 billion) of debt is secured against UK commercial property and of this £114 billion cannot be re-financed on current terms……………………………………….Full Article: Source
Posted on 07 May 2012 by Laxman | Email |Print
The Irish housing market is feeling the first twinges of recovery since the credit crisis slammed prices 50 percent lower and stopped more than 600 developments in their tracks.
In popular areas of the capital Dublin, demand is being fuelled by first-time buyers and families who delayed trading up during the price plunge and now believe values have stopped falling………………………………………..Full Article: Source
Posted on 07 May 2012 by Laxman | Email |Print
Bulgaria, Europe’s 14th largest country with a population of 7.36 million, isn’t exactly setting the real estate market on fire. No new residential complexes have been built in that Southeast Europe’s parliamentary republic since 2010.
Office vacancies are at 25.4 percent and high-end residential is 18 percent vacant, according to Colliers International data………………………………………..Full Article: Source
Posted on 07 May 2012 by Laxman | Email |Print
The real estate market in Mumbai looks poised for some upswing after going through a lukewarm phase for the past few months. Evidently, there has been a marked increase in sales in March 2012 when 5,776 properties were registered, which is 37% more than the 3,639 registrations in the month of February 2012.
Similarly, at least 50 projects have been launched in the last three months, which further underlines the positive sentiment in the real estate market. The developers ‘ fraternity is quite upbeat about this encouraging development in the past few months………………………………………..Full Article: Source
Posted on 07 May 2012 by Laxman | Email |Print
China’s April home prices fell to a 14-month low as the government pledged to maintain property curbs, according to SouFun Holdings, the nation’s biggest real-estate website owner.
Residential values dropped 0.3 percent last month from March, the eighth month-on-month decrease, said SouFun, which began compiling the figures in July 2010. Average prices slid to 8,711 yuan ($1,382) a square meter (10.76 square feet), and housing values fell in 71 of 100 cities tracked, the company said……………………………………….Full Article: Source
Posted on 07 May 2012 by Laxman | Email |Print
The robust economic growth since the global financial crisis in 2008 has boosted demand for industrial space in Singapore in the last two years.
Some analysts say the industrial property segment has been a star performer with capital values going up by an average of 23 per cent since 2010. And prospects of higher investment yields are driving demand and prices of industrial properties………………………………………..Full Article: Source
Posted on 07 May 2012 by Laxman | Email |Print
The Reserve Bank has downgraded its expectations for the housing market, delivering a downbeat assessment in which it says income-to-housing ratios have reached levels not seen since 2002, and that a recovery is still going to take some time.
The comments, in the bank’s quarterly statement on monetary policy, say the bank’s near-term outlook for residential building activity has been revised down after data showed there are “few signs of an imminent turnaround in demand”………………………………………..Full Article: Source