Sun, Aug 31, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 18.Jun 2009

Posted on 18 June 2009 by Laxman |  Email |Print

From Reuters: The multifamily sector is leading all other types of U.S. commercial real estate in having the highest loan default rate but the others are likely to follow, experts say.

Defaulted apartment loans that back commercial mortgage backed securities (CMBS) in May surpassed 5 percent, while retail and lodging broke the 3 percent level and overall delinquencies were 2.77 percent, according to Trepp, which tracks CMBS issues………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Bloomberg: Mortgage applications in the U.S. fell last week to the lowest level since November as a jump in borrowing costs discouraged refinancing and threatened to deepen the housing slump.

The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan dropped 16 percent to 514.4 in the week ended June 12, from 611 the prior week………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

Foreign real estate investors say they expect to see a recovery in the U.S. real estate market by the end of the second quarter of 2010, according to the results of a new survey released today by the Association of Foreign Investors in Real Estate (AFIRE).
Completed in the past month among the association’s nearly 200 members, the survey was conducted by The James A. Graaskamp Center for Real Estate, University of Wisconsin - Madison. This is the first mid-year survey to be conducted by AFIRE………Full Press Release: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Telegraph: Northern Cyprus is famous for its rugged coastline and 38 species of orchid but something much more prosaic has put it in the headlines – its property title deeds.

After Turkish forces arrived in the north in 1974, some 168,000 Greek Cypriots were resettled in the south and their land and houses were sold by the Turkish authorities. Many were bought by Britons, including Linda and David Orams from Sussex ………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Propertyeu.info: Central and Eastern Europe (CEE) recorded a total turnover of approximately EUR 85 mln of property transactions in the month of May, thanks to two investment transactions in Russia, according to CB Richard Ellis’ latest monthly CEE Property Investment MarketView.

This result is close to the average CEE monthly investment volume tracked so far in 2009, CBRE said. With the addition of several transactions from the first quarter of 2009 that were recently made public, the region’s year-to-date property investment volume reached EUR 419 mln by end-May………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From The Press Association: Consumers’ confidence in the housing market is increasing with nearly half of people expecting prices to rise during the coming year, research has shown.

Around 49% of people think property values will increase in the coming 12 months, while 12% think they will stay the same, according to the Building Societies Association………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Homesoverseas.co.uk: The Spain property market contracted by 48% in April, compared to the corresponding month last year, according to the latest data released by the National Institute of Statistics (INE).

The figures show that there were just 26,251 property transactions in April (excluding social housing), the worst sales figures on record, illustrating the existing lull in demand for property in Spain………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Masterpage.com.pl: Poland’s commercial real estate market shows how the the Polish economy is changing in response to the global economic slowdown with residential and office building all but stopped and shopping center construction continuing.

The prices of homes and flats have dropped. Foreign investors, notably from Spain and Ireland, who fueled a lot of the housing boom, are now holding properties valued well under what they paid. Many of the mortgage debts are higher than the value of the real estate………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Propertywire.com: It may be that footballer Cristiano Ronaldo and actress Angelina Jolie know a thing or too about real estate investment as both are reported to be seeking property in Portugal, but they are not the only ones and an increasing number of inquiries are helping to revive the market in a country that has often been ignored in favour of its more gregarious and flashy neighbour, Spain.

But Portugal has never been as brash as Spain and certainly never seen the huge number of apartment and villas that have become one of the causes of the property crash in Spain………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Assetz.co.uk: When people think of France, various iconic images come to mind. For some it may be the wines, for others the food, but for a great many the visual image that sticks out will be the country’s most famous building, the Eiffel Tower.

It may be hard to imagine now that when the 984-foot structure was created in the 1880s it was highly unpopular and expected to be pulled down fairly quickly………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Fly-2let.co.uk: Around 30,000 British property investors in Cyprus could face an expensive and protracted legal battle to prove they own their homes.

Hopes had been raised that new legislation affecting the Mediterranean island, recently outlined by the Cypriot government, would help overcome the problems surrounding title deeds which have been rumbling on for several years………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From BBC: BBC correspondents from around the world are taking the pulse of the world economy, and this week they are focusing on the state of the property market.

Despite the international financial crisis, the Sudanese real estate market in the capital Khartoum is booming………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Zawya.com: More office property owners are set to hold on to their completed assets rather than selling them so they can benefit from a long-term rental income stream, say real estate analysts.

The net rental yield for office space is currently around five to eight per cent and rents are expected to stabilise in the UAE for the sector, especially in Dubai, in the coming months………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Propertywire.com: The Real Estate Regulatory Agency in Dubai is to hold a series of open days to improve communication with property investors.

Every Tuesday one of the departments within the agency will open its doors to investors, developers and banks, RERA said………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Realestateweb.co.za: Builders, interior decorators and other suppliers of goods and services in the new residential property arena can expect the tough times to continue.
The number of building plans passed by local government officials is down dramatically on recent years, latest statistics show………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Dnaindia.com: Despite the surge in qualified institutional placements (QIPs) by real estate developers in recent times, analysts feel many of the issues will be delayed till the stock prices recover.

A QIP is a means whereby a listed company can issue equity shares, fully and partly convertible debentures, or any securities other than warrants which are convertible to equity shares to a qualified institutional buyer………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Thehindubusinessline.com: Realty firm Housing Development & Infrastructure Ltd (HDIL) on Wednesday said it will raise $600 million (about Rs 2,875.67 crore) through private placement of shares to qualified institutional buyers.

The shareholders of the company have approved the proposal “to issue equity shares up to $600 million under qualified institutions placement (QIP) to qualified institutional buyers”, HDIL said in a filing to the Bombay Stock Exchange………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Xinhuanet.com: Sales of both first and second-hand homes in Shanghai continued to be strong in the first half of this month, with high-end homes highly sought after among buyers.

Nearly 1.02 million square meters of new homes, excluding those designated for relocated residents due to urban redevelopment projects, were sold across the city during the first 15 days of June, an increase of 12 percent from the same period a month earlier, Shanghai Uwin Real Estate Information Services Co said yesterday………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Bloomberg: Hong Kong city-center office prices, down by almost half since Lehman Brothers Holdings Inc.’s collapse, may rise 34 percent this year, as speculators bet on local economic recovery, CB Richard Ellis Group Inc. said.

The average price of prime office units in the Central business district may rise to HK$13,000 ($1,680) a square foot by year-end from HK$11,167 in May as rich individuals seek alternative investments to stocks and bank savings, Benedict Ma, an analyst at CB Richard Ellis, said in an interview yesterday………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Propertywire.com: A glut of new condo apartments in Singapore is adding to the property downturn as real estate investors adopt a wait and see attitude rather than jump into the market, it is claimed.

Jakarta’s condo market in particular is facing problems in the middle range property market while luxury units are still in demand because of a shortage of supply, according to a report from property consultants DTZ………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Property-report.com: Vietnam´s property market is showing signs of recovery with quality investors now entering the market as opposed to speculators, according to Peter Ryder, chief executive officer and founding partner of Indochina Capital.

“People are beginning to put money back into property. The biggest difference this time round though is there isn´t the speculative fervour………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From News.com.au: Thousands of jobs have been put on the line, the Rudd Government said yesterday as it attacked the Opposition for defeating its $4 billion bailout fund for the shaky commercial property sector.

Prime Minister Kevin Rudd took the gloves off to go after the Coalition and Greens after they scuttled legislation in the Senate to set up the so-called Ruddbank………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Marketwatch.com: Japan’s real-estate market is starting to look up, with trading in property firms reflecting optimism for the sector, helped by news such as a possible deal by Daiwa Securities Group and an easing in the rise of Tokyo office vacancy rates.

Japanese investors cheered the report Wednesday that Daiwa Securities plans to invest 10 billion yen ($103.8 million) in a real-estate investment trust………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Bloomberg: Tokyo’s property market is poised to rebound as overseas investors seek bargains in Japan’s biggest cities, said Kazuo Tanabe, president of Chuo Mitsui Trust Holdings Inc.

“Foreign buyers are showing a lot of interest in acquiring Japanese property,” said Tanabe, 63, who has led Japan’s sixth- largest listed bank by assets for three years. “We are seeing more deals as prices bottom out, and investors think that it’s time to buy.”……..Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Privateequityrealestate.net: Lehman Brothers Real Estate will be spun out in a management buyout led by the group’s global heads, Brett Bossung and Mark Newman, PERE has learned.

Mark Walsh, the former head of Lehman’s global real estate group and a voting partner in all of Lehman’s private equity real estate funds, is also expected to play a role in the independent firm………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Propertyeu.info: Real estate financing will remain a component of banking and insurance giant ING, Hein Brand, CEO of ING Real Estate Finance, stressed during the Provada real estate fair in Amsterdam.
Brand added that the ING Group is going through a root-and-branch re-organisation and that commercial real estate financing will be limited to Europe………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Propertyfundsworld.com: Residential Property Recovery Fund, a specialist residential property fund focused on distressed and mispriced residential property in the Midlands and the North of England, has launched by way of a private fundraising with institutional and private investors.

The fund, which will be managed by Residential Property Asset Management, intends to raise up to GBP10m of equity/investor subscriptions, which with borrowing will create a fund size of GBP25m………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Forbes: While Royal Bank of Scotland’s former chief executive committed the sins, current CEO Stephen Hester is stuck holding the bag.

Since the start of this year, Fred Goodwin’s replacement has been fixing RBS’ balance sheet after his predecessor oversaw a lending glut, and he sounded a note of regret on Thursday: “We will never lend as much to real estate as we did,” he told the British Property Federation, and said loan losses from commercial property could be higher than expected………Full Article: Source

Posted on 18 June 2009 by Laxman |  Email |Print

From Assetz.co.uk: The last few months have done much to change the outlook of unremitting gloom and doom in the property market that characterised the latter months of 2008.
Higher mortgage approvals, increased buyer enquiries and sales and latterly indication from Halifax and Nationwide of price increases have done plenty to generate optimism. Add hints that the wider economy is bottoming out and things appear to be looking better………Full Article: Source

See more articles in the archive

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031