Fri, Aug 22, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Archive | February, 2013

Global housing crisis: Australia, Canada and UK face common questions

Posted on 28 February 2013 by Laxman  |  Email |Print

Western countries are tackling similar housing problems, but some have adapted to a new environment more easily. Now is the deepest winter of discontent in UK housing for 30 years. Half a decade of recession and credit rationing have depressed housing values and reduced market investment to the lowest levels in half a century.
Public investment has been slashed, and the flow of new housing, especially for the poorest households, has slowed to a trickle. The next half decade offers the prospect of continuing market sluggishness and deepening cuts in investment and welfare budgets………………………………………..Full Article: Source

U.S: Housing market may not be as healthy as it appears

Posted on 28 February 2013 by Laxman  |  Email |Print

Despite mounting evidence to the contrary, the housing market is “not going to gain momentum” this year, the chief economist for the National Association of Home Builders said.
“I mean that we will continue to grow,” David Crowe said. “But you can’t quite get that spark going until you solve some of the other problems that are still out there.” But this week’s housing numbers painted a different picture. Contracts to buy existing homes, sales of new homes and U.S. consumer confidence overall surged in January………………………………………..Full Article: Source

Home sales: Is a ’seller’s market’ pending?

Posted on 28 February 2013 by Laxman  |  Email |Print

Pending home sales and existing home sales are rising, which is shrinking the inventories of available homes. Some experts are now saying the unthinkable: A seller’s market is pending.
After a six-year free fall in home prices and a modest rebound, real estate agents are beginning to mouth a phrase that until now was taboo during the housing slump: “Seller’s market.” Existing home sales are up. Pending home sales – sales that have not been finalized – are the strongest they’ve been in nearly three years………………………………………..Full Article: Source

Builders fuel home sale rise

Posted on 28 February 2013 by Laxman  |  Email |Print

Sales of new homes are surging in the U.S., far outpacing results for less expensive existing homes and creating an unusual disparity in the housing recovery.
The trend partly reflects the small inventory of previously owned homes, now at a 13-year low after investors picked over the long-depressed market. But the strong sales of new homes also show how the nation’s home builders have mastered the art of selling, even to cash-poor buyers or those with spotty credit histories………………………………………..Full Article: Source

Jumbo mortgages make comeback in U.S. as real estate revival takes hold

Posted on 28 February 2013 by Laxman  |  Email |Print

Home sales and prices are rising briskly in those neighborhoods where the well-heeled like to plant their mailboxes: along Chicago’s north shore, in the San Francisco Bay area and in the haute Hamptons.
Sales of properties worth between US$750,000 and US$1-million are up 38.7% over a year ago; $1 million-plus property sales are up 25.7%, according to the National Association of Realtors. The luxury real estate revival is being fueled, in part, by another resurgence: so-called jumbo mortgages – those loans, typically over US$417,000, that are too big to qualify for purchase by federal agencies, namely Fannie Mae and Freddie Mac………………………………………..Full Article: Source

5 more reasons to ignore these real estate bubble scare tactics

Posted on 28 February 2013 by Laxman  |  Email |Print

Get ready for the real estate bears to step up their scare tactics. Why? Because in the last 24 hours, S&P/Case-Shiller reported December results for its widely tracked home prices indices. And prices jumped 6.8% in the last year, ahead of the expected 6.6% increase. That’s the biggest yearly gain since July 2006.
Like I said, bears are bound to pounce on the bigger-than-expected gains as further proof that we’re in the midst of another real estate bubble. (Or at least near a peak in the recovery.) It’s total hogwash! To prove it, I’m sharing another five signs that the real estate recovery is far from over………………………………………..Full Article: Source

Big real-estate firms are going to school

Posted on 28 February 2013 by Laxman  |  Email |Print

Housing for college students, long dominated by small players willing to put up with beer pong and raucous parties, is attracting some of the biggest names in real-estate development.
Lennar Corp.,one of the nation’s largest home builders, this month broke ground on its first off-campus apartment community near the University of Texas at Austin. Toll Brothers Inc., best known for its sprawling suburban homes, is purchasing land near the University of Maryland in College Park and Penn State University in State College, Pa., on which it plans to build upscale student housing. The two Toll Brothers projects, totaling about 3,100 beds, could open by 2015………………………………………..Full Article: Source

Canadian real estate investors fret as housing blitz winds down

Posted on 28 February 2013 by Laxman  |  Email |Print

Herbert Crockett called Cairo, Geneva and New Delhi home in his four decades as a human resources executive with the World Health Organization. The Prince Edward Island native invested closer to his roots in 2005.
With Toronto on the verge of what turned into a colossal building spree, the 75-year-old retiree bought a $904,000 one-bedroom suite in the Trump International Hotel & Tower. Eight years later, the 65-story skyscraper is complete, exuding Manhattan-style glamour………………………………………..Full Article: Source

CBRE: European offices outperform retail in Q4 2012

Posted on 28 February 2013 by Laxman  |  Email |Print

Office properties were Europe’s best performing commercial real estate sector in Q4 2012, according to CBRE’s latest European Valuation Monitor, which measures capital value movements based on the company’s ongoing valuation of investment portfolios across the region.
Office properties were Europe’s best performing commercial real estate sector in Q4 2012, according to CBRE’s latest European Valuation Monitor, which measures capital value movements based on the company’s ongoing valuation of investment portfolios across the region………………………………………..Full Article: Source

Real estate to underperform equity markets, ING IM warns

Posted on 28 February 2013 by Laxman  |  Email |Print

ING Investment Management says real estate is likely to underperform equity markets in the current environment of rising long-term rates. However, it says this doesn’t necessarily make the asset class unattractive and it remains overweight in it.
This is because it believes dividend yields remain attractive versus bond yields and are above those in equity markets. Also, from a historical perspective, it says a buffer of extra yield from listed real estate versus corporate bond yields has been built-up, thereby mitigating rising returns from the latter………………………………………..Full Article: Source

UK: Politicians blow bubbles into housing market

Posted on 28 February 2013 by Laxman  |  Email |Print

Do you remember the housing slump? You probably don’t if you live in the London Borough of Kensington and Chelsea, where house prices last year rose by 13.4% according to the Land Registry. In north-west England, though, there was a fall of 3.5%.
In general, however, the signs of an upturn in the UK property market are becoming stronger. First-time home buyers are finding loans much easier to get, so that 12% more first-time purchases were completed last year according to the Council of Mortgage Lenders, and one in five of the buyers borrowed 90% or more. This is what the politicians want, but at what point should the regulators start to worry that the lenders are rebuilding the mountain of risk that led to the pre-2007 bubble?……………………………………….Full Article: Source

Is now a good time to invest in UK commercial property?

Posted on 28 February 2013 by Laxman  |  Email |Print

As retail giants exit the high street, opinion is split on whether now is a good time to investment in UK commercial property. As retail giants such as HMV and Jessops announce the closure of stores across the UK, investors are questioning the value of holding commercial property.
High streets are predicted to struggle over the next 12 months as the UK’s economy recovery continues at a slow pace. So are there opportunities in the sector?……………………………………….Full Article: Source

Changing fortunes of the Greek real estate industry

Posted on 28 February 2013 by Laxman  |  Email |Print

The government of Greece has worked incredibly hard to overcome several obstacles that threatened to destroy its real estate industry. The rate of contraction eased during the course of 2012, and property experts and analysts suggest that the country can still manage to acquire sustainable growth and development.
2013 is expected to be a good year in terms of real estate activity. The prediction of a positive 2013 is not based merely on effective economic reforms. The targeting policies devised to restore the confidence of investors while facilitating future growth of the market have also played a significant role in bringing Greece on the road to recovery………………………………………..Full Article: Source

Austria: “Short supply on real estate market”

Posted on 28 February 2013 by Laxman  |  Email |Print

Demand is expected to remain high for residential real estate in 2013. Supply is lingering behind demand particularly in locations where business is strong, Bank Austria reports.
In order to avoid getting lost in the crowd as a potential buyer, there are a few things to consider early on in the search. Bank Austria ImmobilienService demonstrates how interested buyers can gain an advantage………………………………………..Full Article: Source

India: REIT has potential to address housing challenges: Knight Frank

Posted on 28 February 2013 by Laxman  |  Email |Print

Amid lack of funds for investment in the real estate market and housing shortage being major areas of concern, Real Estate Investment Trust (REIT) has the potential to address these twin challenges faced by the sector, according real estate consultancy firm Knight Frank. A REIT is a company that directly owns income producing real estate assets and provides a trading mechanism to investors.
“REIT has the potential to emerge as an answer to these twin challenges of the real estate sector. One, it can address the housing shortage and second it can enable an individual to participate in real estate investment,” Knight Frank Director (Research) Samantak Das said………………………………………..Full Article: Source

India: Real estate regulator may not monitor commercial projects

Posted on 28 February 2013 by Laxman  |  Email |Print

In a move that may bring relief to developers, the Ministry of Housing & Urban Poverty Alleviation has decided to keep commercial offices and shops/malls out of the purview of the Real Estate (Regulation & Development) Bill. The Bill, in the making for about five years now, will only regulate the housing sector, said a senior ministry official.
The current draft Bill mandates developers to keep aside about 70 per cent of the collected amount from buyers in a separate account. The ministry may lower the limit to 50 per cent or make it construction-linked………………………………………..Full Article: Source

Property speculators’ return fuels Dubai bubble fear

Posted on 28 February 2013 by Laxman  |  Email |Print

Property speculators are back in Dubai, aiming to make their fortunes by buying apartments and villas for cash, then selling them within months, weeks or even days. It’s a sign, some people fear, that Dubai risks repeating the mistakes of the past.
Queues of investors have formed outside the offices of major real estate developers in the past several months, in scenes that recall the emirate’s boom days before 2008, when money poured into Dubai property from around the world………………………………………..Full Article: Source

China property curbs in focus ahead of parliament meet

Posted on 28 February 2013 by Laxman  |  Email |Print

China’s property market is rife with speculation - both about rising house prices and about what the new government may do to curb them once it takes office next week.
Asset prices have whipsawed as investors first bet that government-mandated infrastructure spending would boost real estate prices, only to then fret about new measures to cool a market that has seen double-digit annual price rises in cities like Beijing and Shenzhen………………………………………..Full Article: Source

HK to increase land, housing supply to cool down property market

Posted on 28 February 2013 by Laxman  |  Email |Print

Hong Kong’s financial chief John Tsang said Wednesday in his budget speech that the city is to speed up the supply of residential land and private housing. “I shall continue with my co-ordination work to expand the land reserve as in the past two years. I shall also allocate additional resources to the relevant departments to increase their manpower in order to speed up land supply,” Tsang told lawmakers at the city’s Legislative Council.
Regarding land supply for private housing, Tsang said in the coming fiscal year, “all the major sources of land supply for private housing together will provide land capable of building some 25,800 private residential flats”………………………………………..Full Article: Source

Here’s why Hong Kong has to meddle with property

Posted on 28 February 2013 by Laxman  |  Email |Print

Despite criticism about the effectiveness of the Hong Kong government’s recent measures to ease some of the world’s most expensive home prices, analysts tell CNBC that the government has no choice but to intervene.
The Hong Kong government pledged on Wednesday to bolster land supply and earmarked $580 million in the coming five years to seek out potential new areas for land reclamation in its annual budget to help ease the supply crunch. But Nicole Wong, regional head of property research at CLSA said government efforts to boost supply will have a limited impact on reining in prices and the government should look more towards measures to curb demand………………………………………..Full Article: Source

VietNam: The real estate market in 2013 as seen by foreign consultancy firms

Posted on 28 February 2013 by Laxman  |  Email |Print

Foreign consultancy firms all believe that the real estate market would still be very difficult in 2013, while the prices would continue decreasing. However, they believe that there would be more successful transactions.
CBRE Vietnam believes that 2013 would be the time for a “revolution” in the real estate market. About the prices of the apartments in Hanoi, CBRE’s experts think that the prices would drop by another 10 percent after decreasing by 12 percent in 2012………………………………………..Full Article: Source

U.S: Home prices up 6.8pct in ‘12, biggest gain in 6 years

Posted on 27 February 2013 by Laxman  |  Email |Print

A dwindling supply of homes for sale is helping prices. The Standard & Poor’s/Case-Shiller home price index for December shows home prices posted the biggest year-over-year increase last year in six years.
Boosted by decreasing inventory and increasing demand, the 20-city index shows prices rose 6.8% in 2012 compared to the year before with price hikes in 19 of 20 major cities tracked, according to the report released Tuesday. Only New York fell, down 0.5%………………………………………..Full Article: Source

Confidence jump with housing points to U.S. growth: Economy

Posted on 27 February 2013 by Laxman  |  Email |Print

Purchases of new homes surged in January by the most in two decades and consumer confidence jumped this month, signs of a rebound in U.S. economic growth at the start of 2013.
Home sales surged 15.6 percent to a 437,000 annual pace, exceeding the highest forecast in a Bloomberg survey and following a 378,000 rate in the prior month, figures from the Commerce Department showed today in Washington. The Conference Board’s consumer sentiment index climbed to 69.6, also beating all estimates in a Bloomberg survey………………………………………..Full Article: Source

Shiller’s bottom line: Risk lingers in housing

Posted on 27 February 2013 by Laxman  |  Email |Print

It’s possible that home prices have hit a bottom, but heavy government involvement to stabilize the mortgage market and the broader economy has made it harder to gauge the durability of recent home-price gains, says Yale economist Robert Shiller, the co-creator of the S&P/Case-Shiller index that bears his name.
The Case-Shiller 20-city index was up by more than 8% in November from its February 2012 trough as falling supplies of homes for sale and stronger demand have boosted prices. Developments spoke with Mr. Shiller on Monday about his outlook for U.S. housing markets right now………………………………………..Full Article: Source

5 warm-weather cities with the hottest housing markets

Posted on 27 February 2013 by Laxman  |  Email |Print

Sick of the cold and snow that’s been slamming cities from Sacramento, Calif., to Portland, Maine, recently? Maybe it’s time to consider moving to a warmer locale. “Whether they’re from Chicago, Toronto, New York or Boston, lots of people move to South Florida for our warmth,” says Andrew Barbar, a Keller Williams East Boca Raton broker and vice president of the Florida Realtors association.
“People who come here from cold climates enjoy soaking up the sun.” Warm states such as Florida have been attracting a greater and greater share of the U.S. populace for decades………………………………………..Full Article: Source

U.S. housing bubble - Why it’s always the best time to buy houses

Posted on 27 February 2013 by Laxman  |  Email |Print

I really need to stop being so pessimistic. I’m getting richer by the day. My home value is rising at a rate of 1% per month according to the National Association of Realtors. At that rate, my house will be worth $1 million in less than 10 years. My underwater condo (figuratively – not literally) in Wildwood will resurface and make me rich beyond my wildest dreams.
Larry Yun, the brilliant economic genius employed by the upstanding and truth telling NAR, reported that median home prices soared by 12.3% in January (down 3.7% from December) over the prior year and there is virtually no inventory left to sell – with a mere 1.75 million homes in inventory – the lowest level since 1999………………………………………..Full Article: Source

UK: Four in 10 homes sold for a loss since 2007, research shows

Posted on 27 February 2013 by Laxman  |  Email |Print

Analysis of Land Registry figures shows 41% of homes sold for average shortfall of £24,430, while 56% made profit of £45,199. Four in 10 homes have been sold for a loss in England and Wales since 2007, while more than half made a profit, according to researchers.
Almost three-quarters (71%) of houses sold in London during this period made a profit despite the tough economy, compared with less than half in Yorkshire and the Humber, the north and the East Midlands, shared equity firm Castle Trust found………………………………………..Full Article: Source

UK commercial property investment returns set to rise

Posted on 27 February 2013 by Laxman  |  Email |Print

Commercial property returns in the UK are set to improve in 2013 even though the economic growth for the year is likely to be slow, Property Wire reported on February 25. The industry website cited projections by Legal & General Property, UK’s third largest institutional property fund manager, which expects that prices for the market as a whole will remain stable throughout the year, in contrast to 2012 when the market fell about three percent.
Legal & General Property points to three key factors that will drive commercial property investment returns in 2013. First up is the efforts of central banks in Europe and beyond to stimulate growth, which have been factored into the company’s forecasts for higher economic growth………………………………………..Full Article: Source

Could first-time buyers kickstart Northern Ireland housing market?

Posted on 27 February 2013 by Laxman  |  Email |Print

There was a time not so long ago when they were a rarer sight than a movie starlet rocking up to the Oscars in a frock from a high street store. But, rather like a blockbuster sequel, it seems 2012 saw the Return Of The First-Time Buyer.
The script may not be quite that dramatic but, with the level of people buying their first home reaching a five-year high in Northern Ireland, it is a heartwarming storyline for those seeking better times for the battered property market………………………………………..Full Article: Source

Sweden: Borg: Housing market set for 20 years of stagnation

Posted on 27 February 2013 by Laxman  |  Email |Print

Sweden’s real estate market is headed for two decades of stagnation, Swedish Finance Minister Anders Borg warned on Monday, reiterating his concerns about the size of Swedes’ household debts.
Swedish households have seen their debts rise from 88 percent of their disposable income in 1995 to 164 percent in 2011, making them among the most indebted in the world, according to Swedish business daily Dagens Industri (DI)………………………………………..Full Article: Source

Real estate worries mounting in Spain

Posted on 27 February 2013 by Laxman  |  Email |Print

Banco de Espana recently launched an inquiry into real estate deals completed by the property arm of Bankia – the country’s nationalized lender. The sources did not provide any further information on what kind of investigation was being carried out, but one thing is for certain – Bankia suffers yet another blow!
The bank has been struggling in the past few months and was even forced to seek a bailout from the government in 2012 because property losses worth billions of Euros made it very difficult for Bankia to cope independently. Sources report that the Governor of Banco de Espana, Luis Maria Linde said that the investigation was confirmed to a judge following his testimony of the 2011 listings last week………………………………………..Full Article: Source

Danish property market follows European trend

Posted on 27 February 2013 by Laxman  |  Email |Print

The IPD Denmark Annual Property Index showed that Danish property delivered a total return of 3.8% in 2012. This is a slight decrease of 1.0 percentage points compared with 2011, and is 4.6 percentage points lower than the 13-year historical annualised total return of 8.4%pa, which IPD has reported on since 2000.
Property underperformed slightly against bonds at 5.6% (JP Morgan 7-10 Year Danish Government Bond Index), but significantly against equities at 30% (MSCI Denmark Equities) in 2012………………………………………..Full Article: Source

Jordan’s home builders hope for golden summers

Posted on 27 February 2013 by Laxman  |  Email |Print

Jordan Housing Developers Association (JHDA) President Kamal Awamleh has expressed fears that the current profit squeeze may push some property market investors to switch to other sectors. However, Awamleh expected the real estate sector to perform well during this summer.
In a recent interview with The Jordan Times, he noted that although residential property sales are improving, the cost of building materials is rising while home buyers are still negotiating lower prices………………………………………..Full Article: Source

Regulatory body key to streamlining Saudi’s real estate business

Posted on 27 February 2013 by Laxman  |  Email |Print

Working hand in hand with the Saudi government to adopt changes in its real estate market, regulating its real estate funding market, and promoting its commercial sector with a global appeal are the three main concerns of Khalid Jamjoom, CEO of SEDCO Development.
According to Jamjoom, SEDCO’s vision is reflected clearly in its outstanding performance marked by the balancing of originality, creativity, ingenuity and quality of projects………………………………………..Full Article: Source

Gap widens in China’s property market

Posted on 27 February 2013 by Laxman  |  Email |Print

“There is a huge real estate bubble in third and fourth-tier cities in China. Sales of homes have slowed significantly, to the point that supply seriously exceeds demand.”Warnings about the Chinese property market are hardly new, but what made this comment more startling was the person uttering it.
It was not one of the longstanding prophets of China doom. Rather, it was Rui Chenggang, the patriotic anchor of a primetime business news programme on China Central Television, the state-run broadcaster. The suave Mr Rui is supposed to be a consummate China bull, not a bear………………………………………..Full Article: Source

Singapore to raise property tax rates for luxury homeowners

Posted on 27 February 2013 by Laxman  |  Email |Print

Singapore plans to raise taxes for luxury homeowners and investment properties, widening a four- year campaign to curb speculation after prices in Asia’s second- most expensive housing market rose to a record.
The higher tax will apply to the top 1 percent of homeowners who live in their own residences, or 12,000 properties, Singapore Finance Minister Tharman Shanmugaratnam said in his budget speech yesterday, without giving a definition of what constitutes a high-end home. The government will also raise tax rates for vacant investment properties or those that are rented out, he said………………………………………..Full Article: Source

Thailand’s provincial property market to outstrip market in Bangkok

Posted on 27 February 2013 by Laxman  |  Email |Print

The provincial property market in Thailand is expected to expand by 20 to 30 percent annually over the next few years, reported the Bangkok Post. This rate is much higher than the estimate for Greater Bangkok, according to Kiatnakin Bank Plc (KK).
The four factors driving property growth in the provinces are regionalism, urbanisation, macroeconomic policy and infrastructure policy, according to Piyasak Manason, the vice president for economic and industrial research, strategy and organisation development at KK………………………………………..Full Article: Source

Australia: Home ownership less pie in the sky for Gen Ys

Posted on 27 February 2013 by Laxman  |  Email |Print

If you don’t want to struggle to pay off a mortgage later in life, the best time to enter the property market is in your early to mid-20s. Securing a house or apartment at a young age not only jump-starts your wealth portfolio, it’s also a good savings strategy thanks to a government scheme that offers extra cash to those saving for a first home.
First home saver accounts (FHSAs) were launched in 2008. Initially, the federal government forecast that 700,000 accounts would be opened, but the Australian Prudential Regulation Authority says just 38,500 FHSAs were operating last September………………………………………..Full Article: Source

Are global REITs worth a look?

Posted on 26 February 2013 by Laxman  |  Email |Print

The U.S. financial crisis in 2008-2009 left many investors with a reluctance to take investment risks, particularly those related to any of the world’s wilted housing markets. However, as your local real estate agent would likely tell you, the market in one location can be vastly different than it is in another.
Wilson Magee, co-manager of Franklin Global Real Estate Fund would agree that the adage “location, location, location” applies not only to individual home buyers and sellers, but to investors seeking opportunities in the commercial real estate sector, too. While real estate went bust in some areas of the world, it continues to boom in others. For that reason and others, Magee believes global Real Estate Investment Trusts (REITs) are worth a look………………………………………..Full Article: Source

Canada’s housing affordability improves in fourth quarter: RBC

Posted on 26 February 2013 by Laxman  |  Email |Print

Small declines in home prices and mortgage rates made Canadian home ownership slightly more affordable in the fourth quarter of 2012, the second straight improvement, and soft home buyer demand may help continue the trend in 2013, according to a report by RBC Economics released on Monday.
RBC, Canada’s largest bank and a huge mortgage lender, measures affordability as the percentage of monthly pre-tax income for a household needed to cover the typical costs of owning a home, including mortgage payments, utilities and property taxes………………………………………..Full Article: Source

Canada: Small players find opportunity in real estate’s decline

Posted on 26 February 2013 by Laxman  |  Email |Print

The housing market warnings are everywhere. Housing starts were down 19 per cent in January, and off 30 per cent from their peak just five months ago, while residential building permits dropped 11 per cent in December from November.
Sales of existing homes were down 5.2 per cent in January compared to the same month last year. The softer economy, along with the government’s tighter mortgage rules, are hurting the demand for homes and decreasing the incentives for builders………………………………………..Full Article: Source

U.S. hotel market performance upticks in January

Posted on 26 February 2013 by Laxman  |  Email |Print

According to STR, the U.S. hotel industry reported increases in all three key performance metrics during January 2013. Overall, the U.S. hotel industry’s occupancy rose 3.6 percent to 51.0 percent, its average daily rate was up 5.1 percent to US$105.96 and its revenue per available room increased 8.8 percent to US$54.02.

“January RevPAR growth rate was the strongest performance we’ve seen since June 2012,” said Brad Garner, STR’s COO. “The results were driven both by solid ADR and demand gains with Washington D.C., Miami and New York among the top performers………………………………………..Full Article: Source

U.S. banks targeting Europe commercial property

Posted on 26 February 2013 by Laxman  |  Email |Print

U.S. banks are looking to capitalize on a dearth of financing for Europe’s commercial property market that’s driven lending margins to five times the level prior to the 2008 crisis.
Citigroup Inc., Morgan Stanley, Bank of America Corp. and Wells Fargo & Co. are following insurers and distressed investors allocating capital to the region as local banks, which overextended during the last boom, are forced to contract amid new regulations. Europe faces an $82 billion shortfall between the amount of real-estate debt maturing through this year and the funding available to replace it, according to real-estate broker DTZ………………………………………..Full Article: Source

CEE reports stability on the industrial real estate market

Posted on 26 February 2013 by Laxman  |  Email |Print

According to the latest annual study on the Central European Industrial market released by Cushman & Wakefield, the industrial real estate market in Central Europe has reached equilibrium. Availability of space has maintained a healthy 10.5 per cent for two years and the volume of new construction amounted to 740,000 square metres last year, with new construction taking place in Poland in particular.
“The capacity of the market with regard to new construction in Central Europe is estimated at between 500,000 to 1 million square metres a year. Such an amount of modern logistic and production halls needs to be built every year………………………………………..Full Article: Source

Time to tap into the commercial property market

Posted on 26 February 2013 by Laxman  |  Email |Print

Non-UK prime property, or ‘secondary property’ as it is more commonly known, is institutionally unfashionable, but for those willing to take a closer look they will find generally less competition for good assets.
Aside from prime central London based commercial assets, all secondary assets are classed with a high yield that offers little or no hope for rental or capital value growth………………………………………..Full Article: Source

UK: There might be a housing crisis – but it’s not in my back yard

Posted on 26 February 2013 by Laxman  |  Email |Print

Though 80% of the public accept the urgent need for new homes, more than half see no problem in their area. There are some unpleasant illnesses doing the rounds this winter, the latest of which seems to be a virulent form of nimbyism.
A recent Ispos MORI poll confirmed that 80% of us believe there is a housing crisis. Not a surprise, given the state of our broken housing market………………………………………..Full Article: Source

Investors freeze deals amid political instability in Bulgaria

Posted on 26 February 2013 by Laxman  |  Email |Print

The industrial property market in Bulgaria appears to be the hardest hit by the snap resignation of PM Boyko Borissov’s government and the following economic uncertainty in the country.
Foreign investors have eyed a few well-functioning ventures on the Bulgarian market over the past few month and real estate agents across the country expected many Greek companies to more their business to Bulgaria, because of the unstable financial situation in their country. Foreign investors have also inquired about a number of Bulgarian car parts manufacturers and producers of construction materials………………………………………..Full Article: Source

India: House prices rise by up to 9.6pct despite high rates

Posted on 26 February 2013 by Laxman  |  Email |Print

Despite high interest rates, housing prices have risen in 18 out of 20 cities, says National Housing Bank (NHB). According to NHB’s RESIDEX, residential property prices in Delhi and Mumbai have seen the highest surge of 9.6% each during October-December period 2012 compared with the July-September quarter.
In the last one year, property prices in Delhi have risen by 16.8% as against 12.4% in Mumbai. While only two cities - Indore (-1%) and Faridabad (-5.1%) - have witnessed a fall in housing prices, residential property prices have gone up in eighteen cities, ranging from 0.6% in Chennai to 9.6% in Delhi and Mumbai………………………………………..Full Article: Source

Property prices rise in key Indian cities in Dec quarter

Posted on 26 February 2013 by Laxman  |  Email |Print

Mumbai and Delhi lead the list with prices rising 9.6% in both cities. Key Indian cities, including Mumbai, Delhi, Bangalore, Ahmedabad, Kolkata and Chennai, have seen a significant rise in residential property prices in the quarter ended December from the preceding quarter when they either remained stable or went up marginally, according to the National Housing Bank (NHB) Residex released on Monday.
Of the 20 cities covered by the Residex, prices rose in 18 during the quarter. Mumbai and Delhi led the list with prices rising 9.6% in both cities, followed by Kolkata (9.4%), Patna (9.4%), Kochi (8.8%), Surat (8.7%), Bangalore (8.2%), Lucknow (8%), Hyderabad (7.1%), Ludhiana (6.5%), Ahmedabad (6.1%), Guwahati (5.1%), Bhopal (4.9%), Bhubneswar (2.4%), Jaipur (2.4%), Vijayawada (2.2%), Pune (2.0%) and Chennai (0.6%)………………………………………..Full Article: Source

Myanmar’s real estate boom

Posted on 26 February 2013 by Laxman  |  Email |Print

Despite a continually growing population, there has been very little housing development in Myanmar (formerly Burma) through the past 50 or so years of largely isolationist dictatorial military rule. This lack of development is especially felt in Myanmar’s largest city, Yangon, which has a population of about four million people.
Yangon is the center of a real estate boom that has been developing in Myanmar for the past few years since a change in government and the lifting of economic sanctions. Property prices in and surrounding Yangon have risen rapidly and stayed high, but because of the minimal development in the recent past, supply is low, and a high-demand market has many foreign investors willing to pay higher prices in hopes of profiting as new development continues to raise the value of property………………………………………..Full Article: Source

February 2013
M T W T F S S
« Jan   Mar »
 123
45678910
11121314151617
18192021222324
25262728