Wed, Jul 23, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 08.Jun 2009

Posted on 08 June 2009 by Laxman |  Email |Print

From Nytimes.com: Home prices in the United States have been falling for nearly three years, and the decline may well continue for some time. Even the federal government has projected price decreases through 2010.

As a baseline, the stress tests recently performed on big banks included a total fall in housing prices of 41 percent from 2006 through 2010. Their “more adverse” forecast projected a drop of 48 percent — suggesting that important housing ratios, like price to rent, and price to construction cost — would fall to their lowest levels in 20 years…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Times Online: Banks are sitting on more than £100 billion of paper losses from their exposure to UK commercial property - more than the combined market capitalisation of Royal Bank of Scotland, Lloyds and Barclays, according to global property consultant Jones Lang LaSalle (JLL).

The staggering figure represents a ticking timebomb for lenders, following a tough two-year spell for the real-estate market…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Times Online: After the Nationwide reported a 1.2% rise in house prices in May, the Halifax went one better, saying they rose by 2.6%.
The two measures differ on the year-on-year fall, the Nationwide’s 11.3% contrasting with the Halifax’s 16.3%, but they are telling a similar story. Are house prices bouncing back as quickly as they fell?……Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Marketoracle.co.uk: Martin Gahbauer, Nationwide’s Chief Economist, said: “The price of a typical house rose by 1.2% in May, providing further evidence of some improvement in housing market conditions over the last few months.
At £154,016, the average house price is still 11.3% lower than a year ago, although this marks a significant improvement from the annual decline of 15.0% recorded in April. The 3 month on 3 month rate of change – a smoother indicator of short-term price trends – rose from -3.0% in April to -0.5% in May and now stands at its highest level since January 2008…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From FT: The slump in the value of City of London offices has been so severe that it is now the only real estate hub in the world that offers a good deal for international investors.

No other office market has seen as swift an adjustment in price that would make sense for investors, according to the annual Money into Property report from consultancy DTZ, which covers 38 countries across Europe, Asia-Pacific and the Americas…….Full Article (Subscription Required) : Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Propertyeu.info: German open-ended funds saw the influx of funds double in April to EUR 556 mln from EUR 271 mlns in March, according to the latest figures from industry organisation BVI.
However those funds, which have suspended redemptions in recent months, collected only EUR 70 mln euros…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Propertyeu.info: Italy was the best performing country in May, according to the GPR 250 Europe Index, posting an increase of 20.2%. It was followed by France (5.4%), the Netherlands (5.0%) and Poland (4.4%).

On a country level, losses were booked by Greece (-22.2%), Norway (-8.3%), the UK (-5.5%), Belgium (-1.4%), Austria (-0.5%) and Sweden (-0.1%), ……Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Thinkspain.com: The housing market will pick up again in 2011, although its progress will be slow, says a leading construction workers’ federation.

Off-plan properties will probably not sell within the next three years, due to buyers’ lack of trust and fears that they will lose their money…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Globes.co.il: Housing prices continued to slide in most of the world’s markets during the first quarter of 2009, with some notable exceptions, one of which was Israel, according to a survey by “Global Property Guide”.
Housing prices in Israel in the first quarter were 5.52% higher than in the corresponding quarter of 2008 and 2.87% higher than in the fourth quarter of 2008. Israel had the best-performing housing market in the first three months of 2009 among the markets surveyed…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Gulf-times.com: Strong fundamentals and unmet demand make Saudi Arabia’s real estate market more resilient during the global economic downturn than its Gulf neighbours, analysts at HSBC said in a research report.
“The Saudi property market offers some of the strongest fundamentals in the GCC (Gulf Co-operation Council),” HSBC analysts Majed Azzem, David Lepper, and Raj Sinha wrote in a June note to clients…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Khaleejtimes.com: Dubai Properties Group, or DPG a member of Dubai Holding, announced the release of its inaugural Corporate Responsibility Report, or CSR, the first by a real estate company in the Middle East to be endorsed by the Amsterdam-based Global Reporting Initiative, or GRI .

“The current global economic crisis has highlighted once again that stability and long term viability are the core factors that should be closely considered while charting the annual growth and financial achievements of an organisation…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Business24-7.ae: There has been much debate in recent weeks on whether the property market and the economy of Dubai have bottomed out or even started a recovery.
This debate was fuelled by an HSBC report indicating that banks have started to relax their lending terms, and buyers and sellers of property are reaching closer agreement on what represents a correct price…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Thepeninsulaqatar.com: Housing prices in Qatar are expected to rise again from late 2009 and growth in the property market to continue due to infrastructure needs in the world’s biggest exporter of liquefied natural gas, executives said yesterday.

“We will see stability very soon, by the third quarter, and the market will start climbing again,” Brian Meilleur, president of Al Waab City, a $3.3bn mixed-use property project, said on the sidelines of a construction conference here. “Once we get this one done, we would like to look further into Qatar and look regionally as well.”……Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Gulf-times.com: Qatar’s real estate market is set to have a stable growth across the residential, commercial, industrial and retail sectors, top global real estate firm DTZ has predicted in its second market report on the country.
This is a result of easing inflationary pressures due to the global economic situation and the release of a number of new real estate projects this year, alleviating excess demand…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Gowealthy.com: Real estate transactions of Kuwait in April came to KD96.7 million, an increase of eight per cent from March, the National Bank of Kuwait said, according to a report in Arabian Business. This follows after some hectic activities in the UAE real estate sector lately.

In its latest economic brief on registered real estate contracts, NBK said the rise in the value of sales was led by the commercial sector, which surged by 51 per cent, while sales of apartments rose by 13 per cent…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Propertywire.com: The Iraqi government has approved a bill to amend the investment law to allow foreign investors to buy state-owned, public and private properties in what is seen as a move that could create a new demand for real estate in the once war-torn country.

An official spokesman for the government said that the bill is aimed at creating a better environment for investments in the country and will put foreign investors in the same position as Iraqi investors…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Dispatch.co.za: A large percentage of buyers are South Africans who have set up businesses and bought both commercial and residential properties. A number of South Africans have also bought lodges in game parks and are doing very well.

Socio-economic factors and contemporary developments are drawing overseas buyers to Zambia…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Theage.com.au: A growing number of Chinese people are taking advantage of a relaxation in Australia’s foreign investment laws to buy property in Melbourne.

Real estate agents in the eastern suburbs report that up to half the buyers this year have been part-time residents from China, Hong Kong or Taiwan, or Asian companies buying accommodation for their staff…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Nzherald.co.nz: The property market is showing signs of stabilising, but an industry expert says the latest QV statistics are merely a “blip” and the market will continue to slide.

QV’s national residential property results for May, released today, showed that while property values declined 8.1 per cent from the same time last year, this was an improvement on the decline of 9.2 per cent reported the previous month…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Propertyeu.info: German property bank Aareal Bank has announced that it successfully placed a EUR 500 mln, 3.25 year mortgage bond issue on the capital market.
Given the 2.62% coupon, the bond’s issue price of 99.71% is equivalent to a spread of 45 basis points above mid-swaps. The transaction was syndicated by DZ BANK and UniCredit (HVB)…….Full Article: Source

Posted on 08 June 2009 by Laxman |  Email |Print

From Haaretz.com: There’s so much talk about how Israeli real estate is an island of stability in the roiling world market, that one has to wonder whether the very complacency contains the seeds of the next real estate bubble.

Bubbles form precisely under the conditions of utter faith in the future: the feeling that what was, will continue to be, and that an uptrend will stay around forever…….Full Article: Source

See more articles in the archive

July 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031