Tue, Oct 21, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Archive | June, 2012

Sales of previously owned U.S. homes probably declined in May

Posted on 22 June 2012 by Laxman  |  Email |Print

Sales of previously owned U.S. homes probably fell in May, showing an uneven recovery in residential real estate, economists said a report may show today.
Purchases dropped 1.1 percent to a 4.57 million annual rate last month, according to the median forecast of 74 economists surveyed by Bloomberg News. Jobless claims last week were little changed, other data may show……………………………………….Full Article: Source

US housing prices forecast to rise in 2012, but don’t call it a recovery

Posted on 22 June 2012 by Laxman  |  Email |Print

U.S. housing prices won’t just hit the bottom this year — they’ll rise by 2 percent, according to a report by Capital Economics released this week. But that doesn’t mean the market is in great shape.
The optimistic report, written by Capital’s property economist Paul Diggile, expects cash buyers and small and large investors to increase transactional activity, bringing up prices. In other words, the recovery would be fueled by people who wouldn’t need a mortgage, which has been difficult to secure for those without great credit………………………………………..Full Article: Source

Homebuilders vulnerable in current market

Posted on 22 June 2012 by Laxman  |  Email |Print

On Tuesday we learned that single-family housing starts rose 3.2% to a 516,000 annual rate. This release is further evidence that the market for new homes is experiencing a slow recovery, but at half the pace of a healthy housing market.
The Federal Reserve’s statement following Wednesday’s FOMC meeting continued to describe the housing sector as “depressed,” but as has been its habit, the central bank did not offer targeted help for the housing and mortgage markets………………………………………..Full Article: Source

U.S. mortgage rates fall with 30-year at a record-low 3.66pct

Posted on 22 June 2012 by Laxman  |  Email |Print

U.S. mortgage rates for 30-year fixed loans declined to a record low, reducing borrowing costs amid an uneven recovery in the housing market. The average rate for a 30-year fixed mortgage fell to 3.66 percent in the week ended today from 3.71 percent, Freddie Mac said in a statement.
It was the lowest in the McLean, Virginia- based mortgage-finance company’s records dating to 1971. The average 15-year rate dropped to 2.95 percent from 2.98 percent………………………………………..Full Article: Source

Canada toughens borrowing rules to cool housing market

Posted on 22 June 2012 by Laxman  |  Email |Print

In its fourth crackdown in four years on a still-hot housing market, Canada tightened conditions for both borrowers and lenders on Thursday to put the brakes on home buying and deflate a possible housing bubble before it pops.
Mindful of the U.S. housing crisis, where consumers ratcheted up debt only to be sideswiped by rising interest rates, financial crisis and recession, Canadian policymakers said their new rules and guidelines would make it harder for home buyers and homeowners to take on massive debt………………………………………..Full Article: Source

Residential property: Housing the “rentysomethings”

Posted on 22 June 2012 by Laxman  |  Email |Print

Two-thirds of families in England own the homes they live in, more than in France or Germany, say. But the pattern is changing fast. Home ownership rates began falling a decade ago, as prices went up more rapidly than earnings, foreigners flooded in and young people found it harder to get stable work.
Then came the financial crisis, and banks stopped dishing out mortgages to passers-by. Today 83% of parents with children aged 20 to 45 own their own home but only 44% of their offspring do, a survey by the National Centre for Social Research found………………………………………..Full Article: Source

Danish house prices slump to seven-year low as market stalls

Posted on 22 June 2012 by Laxman  |  Email |Print

Danish house prices plunged in the first quarter to a seven-year low after sellers slashed values to unload properties that had been on the market for a record- high number of days.
The average price per square meter fell to 10,897 kroner ($1,857) in the first three months, down 7.4 percent from 11,769 kroner a year earlier……………………………………….Full Article: Source

Savills: Rise in construction volume in Swedish logistics market

Posted on 22 June 2012 by Laxman  |  Email |Print

According to research by international real estate advisor Savills approximately 400,000 m² of new logistics space will be delivered in Sweden by the end of 2012, up from 350,000 m² in 2011.
The firm expects this growing trend to continue with a number of larger projects (over 100,000 m²) scheduled for completion in 2013 and more smaller-scale projects likely to be announced during the second half of 2012………………………………………..Full Article: Source

Realty investors in Dubai can seek refund, damages from developers

Posted on 22 June 2012 by Laxman  |  Email |Print

Developer’s failure to complete or handover a property within a certain time-frame from date specified in the sales contract, deliberate intention of defrauding an investor or altering the specifications of the unit without obtaining requisite permission will soon allow investors to recover all the amount by them.
The draft law regarding the protection of the real estate investor in Dubai was released on Wednesday (June 20) to get feedback, for the first time, from people involved and concerned with real estate investment in the emirate. The department will be receiving feedback until June 29………………………………………..Full Article: Source

Mumbai property: Five reasons why prices never fall

Posted on 22 June 2012 by Laxman  |  Email |Print

Residential property prices in Mumbai have held firm despite high interest rates, rising inventory of homes with developers and unaffordability. In that context, the city’s property market is a puzzle for experts.
Analysts at Citibank have made an effort to demystify the market trend. Here are some takeaways from a recent report:……………………………………….Full Article: Source

Chinese property developer Evergrande slumps after website claims fraud

Posted on 22 June 2012 by Laxman  |  Email |Print

Evergrande Real Estate Group, one of China’s largest listed property stocks, took a pounding Thursday in Hong Kong.
A massive sell-off came mid-morning after Citron Research, a website that bills itself as an independent research outfit, issued a report claiming massive fraud and imminent insolvency at Evergrande. Shares in the Guangzhou-based company fell by nearly one-fifth before recovering to end the day at HK$3.97, down 11.4%………………………………………..Full Article: Source

Singapore: Buying opportunities in sub-towns

Posted on 22 June 2012 by Laxman  |  Email |Print

Residential property prices have been on an uptrend over the past two years, especially those of suburban condominiums and HDB resale flats. In mature estates, buying interest and prices have been strong due to established property fundamentals such as location, accessibility, town centre amenities and, in some cases, proximity to prominent educational institutions.
However, the recent years have also seen the rising popularity of several far-flung, untested property locations and “sub-towns”, raising concerns whether the homebuyers who paid high prices had been overly optimistic……………………………………….Full Article: Source

Korea home price slide persists with property anxiety

Posted on 22 June 2012 by Laxman  |  Email |Print

Home prices in Seoul and surrounding areas have stalled after a 66 percent climb in the decade to February 2008 raised household debt to record levels and triggered government measures to cool the market.
While that’s helped South Korea, Asia’s fourth-biggest economy, avoid the three-year surge in prices in places like Hong Kong and China that’s raised concerns that bubbles were forming, it’s also soured many Koreans on home buying………………………………………..Full Article: Source

Australia: Boom puts rocket under soaring rent prices

Posted on 22 June 2012 by Laxman  |  Email |Print

Rent prices have jumped by nearly 50 per cent across the country in the past five years, with Western Australia predictably leading the way amid questions about whether the latest census data accurately portrays the strength of flow-on demand from the mining boom.
According to the census information released yesterday, the median national household weekly rent jumped by 49 per cent from $191 to $285 between 2006 and 2011, as the number of dwellings grew by only 8 per cent………………………………………..Full Article: Source

Global mall development at ‘all-time high’ - CBRE

Posted on 21 June 2012 by Laxman  |  Email |Print

Neville MossGlobal shopping centre development continues apace with growing middle class populations and retailer expansion leading to unprecedented levels of construction and new openings, largely in emerging markets, according to property advisor CBRE.
CBRE measured the level of shopping centre development in 180 of the world’s major cities to identify the most active markets, both in terms of 2011 completions and space currently under construction………………………………………..Full Article: Source

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

U.S. housing market remains deeply segregated

Posted on 21 June 2012 by Laxman  |  Email |Print

Kyle CrowderThe real estate market today reflects an ugly, if often forgotten, truth: Residential segregation in the U.S. is alive and well. Although that problem is commonly thought of as a relic of America’s racially troubled past, a recent study shows that fewer black and white families are today moving into multi-ethnic neighborhoods.
“We pay a lot of attention to this proliferation of multi-ethnic neighborhoods, but they are still only a small part of the overall inter-neighborhood mobility picture for blacks and whites,” said Kyle Crowder, a professor of sociology at the University of Washington and lead author of the study……………………………………….Full Article: Source

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

Americans’ housing hope will be dashed, poll suggests

Posted on 21 June 2012 by Laxman  |  Email |Print

Too soon? Consumers are optimistic about the U.S. residential real estate market but optimism is outpacing reality, a survey out Wednesday from real estate website Trulia shows.
Many people — too many — apparently have visions of moving into well-appointed McMansions that will soar in value. “We found consumers want bigger homes with better amenities and they expect prices to rise, but we think they aren’t going to get everything they want,” said Trulia Chief Economist Jed Kolko………………………………………..Full Article: Source

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

Housing isn’t a buyer’s market for many first-timers

Posted on 21 June 2012 by Laxman  |  Email |Print

As the nation’s housing market shows signs of bottoming after years of declining prices, many first-time buyers such as Dorado are getting a rude awakening. Instead of having their pick of homes to buy in some markets, they’re losing houses to cash buyers and bidders with bigger down payments, or they’re facing bidding wars spurred by shrinking numbers of homes for sale.
The competition can be most evident for lower-price homes in markets hard-hit by foreclosure, such as Phoenix, Miami and parts of Southern California, or those with relatively strong economies, such as Washington, D.C., and San Francisco, Realtors say………………………………………..Full Article: Source

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

US: Housing recovery? Not so fast

Posted on 21 June 2012 by Laxman  |  Email |Print

Many pundits have recently been declaring that the U.S. housing market has bottomed amid strong recoveries in some local areas. New research concludes, however, that a fairly reliable (and underappreciated) leading indicator of demand for residential real estate is the futures market for lumber.
Although they’ve had a slight uptick recently, lumber futures are down about 10% since May. That suggests that real estate may stay weak through at least the fourth quarter of this year………………………………………..Full Article: Source

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

Hungarian real-estate investor Futo eyes U.S. residential market

Posted on 21 June 2012 by Laxman  |  Email |Print

Gabor Futo, co-founder of the Budapest-based central European property group Futureal, plans to establish a U.S. company with initial funding of $15 million to build a residential-property portfolio of 500 homes.
The U.S.-based company, Cordia USA, will make its first acquisitions in the states of Georgia and Michigan with plans to renovate and rent the homes before selling them within five years, Futureal said……………………………………….Full Article: Source

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

Has Puerto Rico found a solution to the US housing crisis?

Posted on 21 June 2012 by Laxman  |  Email |Print

A set of incentives for home buyers in Puerto Rico has helped stimulate the housing market there, and some experts think they could help on the mainland, too. After the US housing market crashed in 2007 and 2008, Puerto Rico is one of many places that ended up with a glut of houses, condos, and luxury villas on the market.
With the mainland in recession, this was not exactly a surprise………………………………………..Full Article: Source

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

UK: Homeowners face more property price falls - Reuters poll

Posted on 21 June 2012 by Laxman  |  Email |Print

Britain’s beleaguered homeowners will have to wait until 2014 at least before they see a rise in the value of their properties, as weak demand and tight lending conditions keep the market in check, a Reuters poll found on Tuesday.
Home prices, which have dropped about a fifth since their peak five years ago, will fall another 1.6 percent this year and only hold steady in 2013, according to the poll of more than 20 market watchers taken in the past few days………………………………………..Full Article: Source

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

UK property market outlook mixed, index shows

Posted on 21 June 2012 by Laxman  |  Email |Print

Sharp differences between regional price changes in the UK property market have been highlighted by the Office for National Statistics (ONS).
Overall property prices went up 1.4% but there was a dramatic contrast between the biggest average increase of nearly 5% in London and the biggest decline in Northern Ireland of 8.1% in the last financial year………………………………………..Full Article: Source

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

CBRE: Prime central London house prices will grow by 6pct in 2012

Posted on 21 June 2012 by Laxman  |  Email |Print

Prime central London residential house prices will grow by 6% this year in stark contrast to the rest of the UK, new research from CBRE has revealed. Average house prices in prime central London have increased by 35% over the last three years and are now 16% above their 2007 peak.
London can only be matched by Monaco and Hong Kong in terms of new build property prices with prime homes typically achieving between £1,500 and £2,500 (US $2,000 – US $3,800) per ft² and exclusive super prime properties selling for in excess of £3,000 ($5,000) per ft²………………………………………..Full Article: Source

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

Italians openly dodge property tax in test for Monti’s austerity

Posted on 21 June 2012 by Laxman  |  Email |Print

The new levy, which should have cost Di Pardo about 500 euros ($630) when the first payment was due on June 18, may mark the limit of how much Prime Minister Mario Monti can squeeze out of taxpayers. The belt-tightening is also sinking the prospects of Monti’s supporters in parliament and deepening Italy’s fourth recession since 2001.
Italy’s main political parties, which agreed to suspend their rivalries and back the unelected Monti when he was appointed in November, have seen their support plummet to the lowest in about two decades………………………………………..Full Article: Source

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

Kenya’s real estate sector, boom or doom?

Posted on 21 June 2012 by Laxman  |  Email |Print

The Kenyan market has been awfully lucrative especially for foreign investors because of the high profit margins of 20 to 30 per cent, which analyst Nathan Luesby has argued is impossible even in the US or European markets.
In the last decade, Kenya’s real estate has been anything but robust. The real estate boom survived the 2008 Post Election Violence and global economic downturn that crippled other sectors such as tourism and agriculture. The construction sector is approximated to have created 82,000 private sector jobs in 2010………………………………………..Full Article: Source

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

Why is Bangalore the leading realty market in India?

Posted on 21 June 2012 by Laxman  |  Email |Print

With a good range of properties, stable prices and a vibrant workforce, the city’s real estate sector has performed far better than peers like Mumbai and Delhi. Real estate markets around India have been getting a hammering since last year and home sales across the board have suffered.
In the last quarter of the financial year 2012, the Mumbai Metropolitan Region (MMR) saw a drop of 58 per cent in unit home sales, while the National Capital Region (NCR) experienced a similar 57 per cent plunge, compared to the same quarter a year ago, according to realty research firm PropEquity………………………………………..Full Article: Source

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

Valuation dynamics: Real estate prices in Sri Lanka

Posted on 21 June 2012 by Laxman  |  Email |Print

Overall, the past 10 years have witnessed an upward movement in prices except for the years 2007 to 2008. During this time, there was the global recession that led to a financial crunch and this in turn caused stagnation in the local property market, both in terms of prices and volumes of deal closures.
However, we cannot also say that it was a time to pick up cheap properties as this too was not the case. People were not willing to part with their property at low rates. Perhaps they knew that the market would pick up again. What transpired for certain was that what happens in the global economy has a direct bearing on the local real estate market………………………………………..Full Article: Source

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

Deciphering China’s real estate market

Posted on 21 June 2012 by Laxman  |  Email |Print

China’s skyrocketing housing prices are due to the density of urban population centers and bad state policies. China has seen a steady rise in housing prices since the 1998 property market reform. Some experts have argued that China’s high property prices are a product of its huge population and the need to maintain a large area of land for agriculture, thus restricting the amount of land available for real estate development.
But this concept is incorrect. China only needs 1.07 billion acres out of its current total of 1.8 billion acres of agricultural land to be self-sufficient in food production. Furthermore, housing developments in cities use up relatively little land………………………………………..Full Article: Source

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

China to avoid a property market bubble, Standard’s Hui says

Posted on 21 June 2012 by Laxman  |  Email |Print

Tai Hui, the Singapore-based head of Southeast Asian economics at Standard Chartered Plc, comments on the outlook for investment in China today on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt.
“We are seeing a correction in the property market around China and we don’t think the government will let loose on some of the tightening grips that we’ve seen in the past two years………………………………………..Full Article: Source

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

Singapore: Predicted slow rate of home buying demand in late 2012

Posted on 21 June 2012 by Laxman  |  Email |Print

Market watchers have warned that home buying demand for the rest of 2012 could slow, according to Channel News Asia. This is mainly because most of the repressed demand for property has been settled. With six Executive Condominium (EC) plots up for tender, analysts predicted a decrease in mass market homes.
Lim Yong Hua and his family have been searching for a home and recently purchased an EC unit in 1 Canberra, Yishun for over S$900,000 (US$710,000) . He plans to sell his HDB house in order to raise enough funds to cover payment for the EC………………………………………..Full Article: Source

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

Philippines property market is best in 20 years: CBRE

Posted on 21 June 2012 by Laxman  |  Email |Print

The Philippine real estate market is now the best it has been in 20 years, according to property consultant CBRE Philippines. CBRE Philippines chief executive and chairman Rick Santos said the Philippines is “no longer the sick man of Asia but now the sweet spot for investors.”
“I’ve been back in the Philippines for 20 years now and this is the best real estate market we’ve seen. We think this market has legs and we’re confident in the next 5 years. All eyes are now moving from BRIC (Brazil, Russia, India, China) economies into TIP (Turkey, Indonesia, Philippines) markets,” he said……………………………………….Full Article: Source

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

Property funds raise EUR 6bln in May - Indirex

Posted on 21 June 2012 by Laxman  |  Email |Print

Property real estate funds raised $7.5 bn (just under EUR 6 bn) in global capital commitments in May, according to figures published by Indirex, an online community for non-listed real estate funds. Although 27 new fund-raising announcements were made, only 12 reported equity volumes raised.
The majority of the commitments were in the US (55%), with the pan-global TIAA-CREF Global Agriculture Fund raising $2 bn to invest in agricultural land………………………………………..Full Article: Source

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

Housing starts in U.S. fall 4.8pct in May on apartments

Posted on 20 June 2012 by Laxman  |  Email |Print

Russell PriceBuilders broke ground on more single-family houses for a third consecutive month in May and rising construction permits pointed to further gains, showing the residential real-estate market is weathering the U.S. economic slowdown.
Work began on 516,000 one-family houses at an annual rate last month, up 3.2 percent from April and the most this year, the Commerce Department reported today in Washington. A slump in construction of apartments, which is often volatile, led to an unexpected drop in total housing starts………………………………………..Full Article: Source

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

Housing prices rise, but not for everyone

Posted on 20 June 2012 by Laxman  |  Email |Print

As more U.S. housing markets improve, an adage about what matters in real estate is proving true: location, location, location.
While property markets across the country rose together during the housing boom and fell together during the crash, new data analyzed by real-estate firm Zillow Inc. for The Wall Street Journal show that markets are exiting the downturn at different speeds………………………………………..Full Article: Source

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

The myth of the national housing market

Posted on 20 June 2012 by Laxman  |  Email |Print

The housing boom and bust gave rise to the myth of a “national” housing market. After all, prices rose in almost every part of the country until 2006, when they began dropping from coast to coast.
But today’s story in the Journal looks at how the beginnings of housing recoveries are neighborhood and even street specific. While the media are often pressed to generalize about the national market, or to highlight cities that, on the whole, are rising or falling, most real-estate agents will remind buyers that broad housing indexes may not hold much water when it comes to pricing their homes………………………………………..Full Article: Source

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

Housing isn’t a buyer’s market for many first-timers

Posted on 20 June 2012 by Laxman  |  Email |Print

As the nation’s housing market shows signs of bottoming after years of declining prices, many first-time buyers such as Dorado are getting a rude awakening. Instead of having their pick of homes to buy in some markets, they’re losing houses to cash buyers and bidders with bigger down payments, or they’re facing bidding wars spurred by shrinking numbers of homes for sale.
The competition can be most evident for lower-price homes in markets hard-hit by foreclosure, such as Phoenix, Miami and parts of Southern California, or those with relatively strong economies, such as Washington, D.C., and San Francisco, Realtors say………………………………………..Full Article: Source

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

Buffett bets big on US housing recovery

Posted on 20 June 2012 by Laxman  |  Email |Print

Investment genius Warren Buffett — the world’s third-richest man, with a personal fortune of $44 billion — is renowned for making big, bold bets on the future direction of the US economy.
For example, the giant conglomerate Buffett runs, Berkshire Hathaway, bought Burlington Northern Santa Fe — one of American’s biggest railroad firms –for $44 billion in February 2010. In September 2011, Buffett followed this by spending $9 billion buying lubricant maker Lubrizol………………………………………..Full Article: Source

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

Global headwinds threatening Canadian commercial real estate

Posted on 20 June 2012 by Laxman  |  Email |Print

Office and industrial leasing markets turned in uninspiring results for the second consecutive quarter, which suggests that a more benign economic environment is starting to have a dampening effect on Canadian commercial real estate markets, says a report released Tuesday by CBRE Limited.
However, Calgary’s downtown office market continues to be a “star performer” on the national scene, it said………………………………………..Full Article: Source

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

Canadian housing boom to grind to a halt

Posted on 20 June 2012 by Laxman  |  Email |Print

Canada’s housing boom will grind to a halt next year, stopped by price declines in the condominium-saturated markets of Toronto and Vancouver, according to a Reuters poll, raising the risk of a broader economic slowdown.
On a national basis, Canadian house prices are expected to rise 2.0% this year before stalling next year with a negligible 0.5% gain, according to median results of the poll, which was conducted last week………………………………………..Full Article: Source

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

Argentina construction, real estate markets in the tank

Posted on 20 June 2012 by Laxman  |  Email |Print

There’s trouble in River City these days - River City being Argentina. President Cristina Kirchner is cracking down on real estate buyers and sellers and construction industry players who are closing deals with U.S. dollars. They are withdrawing the dollars from their bank savings accounts. That’s the problem.
Kirchner wants the deals to close with Argentine pesos. She says she needs the dollars to pay off various countries’ international debts. About 4.50 pesos equals $1 U.S. currently. In the country’s black markets, hustlers are asking about 6 pesos for a U.S. dollar………………………………………..Full Article: Source

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

Europe: Non-listed fund returns edge up in Q1: INREV

Posted on 20 June 2012 by Laxman  |  Email |Print

Total returns on non-listed funds increased slightly to 0.5% in the first three months of 2012 from 0.4% in the previous quarter, according to the latest figures from the European Association for Investors in Non-listed Real Estate Vehicles INREV.
Capital growth remained negative but increased to -0.2% in Q1 2012 from -0.8% in the final quarter of 2011, driven by increased returns in Continental Europe (up at -0.2% from -1.3% over the same period)………………………………………..Full Article: Source

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

Britain’s two-speed housing market unfolds

Posted on 20 June 2012 by Laxman  |  Email |Print

Signs of a two-speed UK property market emerged again on Tuesday after London house prices outpaced the rest of the country, according to official figures.
Prices in the capital were up 4.9pc in the year to April, compared to just 1.4pc across the UK over the same period, the statistics showed. The average house price in London was £388,000, trumping the UK average of £229,000, the Office for National Statistics (ONS) said………………………………………..Full Article: Source

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

UK: Location is key to house prices, ONS data shows

Posted on 20 June 2012 by Laxman  |  Email |Print

Signs of a two-speed UK housing market have been revealed in official statistics on property prices, showing London homes rising fastest in value. Prices in the capital rose by 4.9% in the year to the end of April, compared with a national average of 1.4%.
There was a fall of 1.3% in prices in the North West of England, and Yorkshire and the Humber, the Office for National Statistics (ONS) said………………………………………..Full Article: Source

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

Homeowners face more property price falls - Reuters poll

Posted on 20 June 2012 by Laxman  |  Email |Print

Britain’s beleaguered homeowners will have to wait until 2014 at least before they see a rise in the value of their properties, as weak demand and tight lending conditions keep the market in check, a Reuters poll found on Tuesday.
Home prices, which have dropped about a fifth since their peak five years ago, will fall another 1.6 percent this year and only hold steady in 2013, according to the poll of more than 20 market watchers taken in the past few days………………………………………..Full Article: Source

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

Germany: Turning swords into housing

Posted on 20 June 2012 by Laxman  |  Email |Print

In a quiet corner of Frankfurt, gleaming blocks of apartments framed by green lawns stand next to an identically sized building in much shabbier shape. All of them once housed the military; now three boast white walls and balconies, while one is vandalized and covered with graffiti.
The renovated blocks testify that the area is changing. Eventually, the boarded-up building will be transformed into a new fire-department training facility, converting the neighborhood from an abandoned military compound to homes and offices………………………………………..Full Article: Source

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

Portuguese property funds deliver positive returns in March

Posted on 20 June 2012 by Laxman  |  Email |Print

Portuguese property investment funds delivered an annual total return of 0.8% in March 2012, a slight decrease compared to the annual return of 1.2% recorded at the end of 2011, according to the APFIPP/ IPD Portugal Property Fund Index.
Overall, the index continued to benefit from the positive behaviour of the open-ended funds, which delivered an annual total return of 1.8%, while the closed-end funds remained in negative territory with an annual return of -1.6%, IPD said………………………………………..Full Article: Source

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

Dubai property has turned corner - Oxford Business Group

Posted on 20 June 2012 by Laxman  |  Email |Print

Research giant Oxford Business Group (OBG) is claiming that Dubai’s property crash is over, with the residential sector having “posted solid growth over the past few months.”
In an article to be published in Arabian Business magazine, OBG regional editor Oliver Cornock added that “other areas of the sector are also showing signs that recent declines are beginning to reverse.”……………………………………….Full Article: Source

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

Mumbai real estate to grow faster than Bangalore

Posted on 20 June 2012 by Laxman  |  Email |Print

A latest report by SBI Caps Securities hints at Mumbai real estate market likely to grow faster than Bangalore over the next one year. According to the report, Bangalore has seen a series of residential project launches by all major developers in 2011 and 2012.
These launches enjoyed strong absorption as fiscal years 2009 and 2010 were dull years in terms of new launches. Against this, the Mumbai market, which saw high demand and supply till F11, witnessed a dull period after that………………………………………..Full Article: Source

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

Sri Lanka’s real estate growth slowed by interest rates, inflation

Posted on 20 June 2012 by Laxman  |  Email |Print

Growth in Sri Lanka’s real estate sector may slow in the coming months, as rising interest rates and higher construction costs begins to bite, a new report has forecasted.
Sri Lanka is in the midst of a post-war property boom, with key real estate drivers centered around the leisure and ports and aviation development in the southern district of Hambantota………………………………………..Full Article: Source

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

banner
June 2012
M T W T F S S
« May   Jul »
 123
45678910
11121314151617
18192021222324
252627282930