Wed, Oct 1, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 25.Aug 2010

Posted on 25 August 2010 by Laxman |  Email |Print

Thomas B. BrownFrom Reuters: Opportunistic real estate funds raised $9.5 billion in first-half 2010, nearly half the $17 billion of the preceeding six months, as investors scaled back in torpid U.S. and European markets, a report showed.

Of the 16 funds that have closed since end-2009, 12 were “small caps” targeting less then $1 billion of equity, raising a total of $4 billion, New York-based property investment manager Clerestory Capital Partners said on Tuesday…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

Paul DalesFrom WSJ: Existing-home sales plunged to their lowest level in 15 years in July as inventories soared, painting a grim picture for the housing market absent government support in a stubbornly sluggish economy.
Home resales dropped a record 27.2%—nearly twice as much as analysts had expected—to an annual rate of 3.83 million in July, the National Association of Realtors said Tuesday. Meanwhile, inventories rose to 12.5 months from 8.9 months in June, pressuring already depressed home prices. Inventories are at their highest level in more than a decade…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From ETFguide.com: Here’s your real estate update: The housing market is in a depression and the end is not yet nigh. During the month of July, sales of existing U.S. homes sank double what analysts were forecasting as demand for single-family houses fell to a 15-year low.
According to the National Association of Realtors, an annual rate of just 3.83 million units is the current pace. What’s next?……………………………………Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From WSJ: Like homeowners walking away from mortgaged houses that plummeted in value, some of the largest commercial-property owners are defaulting on debts and surrendering buildings worth less than their loans.

Companies such as Macerich Co., Vornado Realty Trust and Simon Property Group Inc. have recently stopped making mortgage payments to put pressure on lenders to restructure debts. In many cases they have walked away, sending keys to properties whose values had fallen far below the mortgage amounts, a process known as “jingle mail.”……………………………………Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Reuters: A soaring new office tower in New York would disturb views of the Empire State Building and diminish the signature symbol of the city’s skyline, the famous skyscraper’s managers said on Monday at city council hearings.

Vornado Realty Trust’s proposed 67-story building, known as 15 Penn Plaza, would be built two blocks away and stand nearly as tall as the landmark that has stood largely unobstructed in midtown Manhattan since it was built in 1931…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Nytimes.com: To hear the two sides in the skyscraper war tell it, never has so much been at stake. The owners of the Empire State Building and their supporters say their tower’s international status and New York City’s skyline are in mortal danger of an assault from a “monstrosity.”

Their rival: a proposed tower on 34th Street two avenues to the west that, according to its developers, will help the city grow and prosper, provide thousands of jobs and improve the quality of life for tens of thousands of New Yorkers…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Insurancejournal.com: The slump in the U.S. commercial property market didn’t quite plumb the depths of the downturn in residential real estate, but although there are signs that home prices are nearing the bottom, commercial real estate could fall further.

According to an article published by Standard & Poor’s Ratings Services, titled “U.S. Commercial And Residential Property Markets May Have Seen The Worst Of Their Slumps,” despite a surge in foreclosures in the U.S. commercial real estate market, there were fewer defaults in commercial mortgage-backed securities (CMBS) than the rating agency originally expected…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From RealEstateRama: The U.S. economy has made moderate gains in several key categories over the past few months. GDP growth has been positive, though hovering around 1% per quarter. Unemployment has leveled off as job losses have been abated, but the domestic hiring engine has sputtered of late.
Corporate earnings have soared this past quarter by some 35 to 40% year-over-year, but growth overseas has been the winner while domestic production has remained flat. Consumer spending has always dragged our economy out of recession in the past, but retail sales show only marginal growth, and the sale of new homes are over 40% below where they were fifteen years ago…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Europe-re.com: The latest European rents and yields survey from King Sturge confirms that rents are stabilizing as occupier markets show signs of recovery. However, the improvement in investment markets witnessed in the second half of last year has moderated recently, as Europe rides out tough economic conditions. While occupier markets are showing signs of strengthening, investor sentiment has now weakened.

In the office sector, prime rents for the majority of cities surveyed were stable or increased during Q2 and the short-term outlook is generally more positive. Those centers that did register a fall in rents are expected to hold stable through to the end of the year…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Thefirstpost.co.uk: The mortgage market has continued its summer dip, with the number of home loans approved falling for the second month running, suggesting pressure on household finances and fears about job security.

There were just 33,698 mortgages approved for house purchases in July, down 877 from the previous month, said the British Bankers’ Association (BBA). The number represents a fall of about 25 per cent from the high of 45,415 home loans approved in December…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Heraldscotland.com: Scotland’s’ property market has gone into reverse less than a month after figures showed it was bouncing back with prices higher in almost every area of the country.

The slight rise in the average house price to £159,217 over the last six months, offering encouraging signs of recovery from the recession, has now started fall back, the Scottish House Price Monitor has found…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Europe-re.com: ING Real Estate Investment Management announces the acquisition of Brondankulma, a prime office property in the heart of the Helsinki CBD area in Finland from Bronda Properties B.V.
The property will be added to the ING Real Estate Nordic Property Fund (NPF), a semi-open ended balanced core plus fund investing in Sweden, Finland and Denmark. The acquisition is in line with the NPF’s strategy to increase investment exposure to quality assets in Finland and adds to the substantial portfolio that the NPF already holds in Finland…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Telegraph: West of Syria and south of Turkey, the Mediterranean island of Cyprus spreads across 3,500 square miles of mountains and plains - with nearly 400 miles of idyllic beaches and rugged coastline.

Cycles of conquest and settlement over the centuries have left Cyprus with a rich archaeological legacy dating from at least 1050 when sophisticated city-states, such as Salamis, thrived…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Reuters: Egypt and Libya will establish a joint company worth $100 million to oversee the construction of al-Fatih city, a real estate development on the outskirts of Cairo, al-Ahram newspaper reported on Tuesday.

Libya will provide 75 percent of the capital, and Egypt the balance, for the 5,600 acre project, the paper quoted Cabinet Spokesman Magdy Rady as saying. It provided no further details…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Equitymaster.com: If you thought that all the big bucks entering India were through the stock market route or in setting up businesses in high growth sectors like IT or telecom, you were wrong. A large portion of FDI (foreign direct investment) is now being invested into India’s housing sector.

The FDI in India’s real estate and housing market jumped almost 80 times or 8000% between 2005 and 2010. In FY05, the FDI in this sector was a mere Rs 1.7 bn…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From WSJ: Given the importance of China’s property sector to the global economy, the National Bureau of Statistics revelation Monday that there were problems with real-estate price data in Shanghai were worrying.
But it isn’t just the quality of the property data in China that’s an issue, it’s also the transparency and clarity with which it’s presented — and on that front, the statistics bureau itself could use some improvement…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Moneycontrol.com: Chinese property developers are facing strained cash flows and will be forced to cut prices beginning in the fourth quarter, a state newspaper reported on Tuesday, citing several bankers.

Beijing has strictly controlled financing to real estate developers by limiting their lending from banks and fund raising from capital markets, part of its efforts to cool speculative purchases and prevent prices from rising too fast…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Chinaeconomicreview.com: After charting blistering first-half earnings growth, Chinese developers have become jittery over the prospects for the second half amid signs Beijing is getting serious about high-flying property prices.

The China Real Estate Association (CREA), representing mainland developers, said last week it had sent a letter to the State Council, lobbying the central government to delay the launch of new tightening policies on the property market…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Luckyroom.com: The rapidly growing real estate market poses risks to the banking system in China. This is the conclusion according to information of the Chinese press regarding the “endurance tests” that applied to the largest banks in the country. The Chinese authorities ordered banks to measure their endurance, based on extreme negative scenarios for the national economy and asset markets.

The most significant of these “stress tests” was a sharp fall in house prices by 50%. According to information on the Chinese newspaper “21st Century Business Herald” – which reproduced by Reuters – showed that such a crisis in the real estate market would had as a result the rapid growth of high risk mortgage loans…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Chinapost.com.tw: The real estate market is not what it was. In its heyday, property was equivalent to astronomical amounts of cash, if located in the right place. And it promised even more cash in the future; the best sort of contingency plan one could have.
But that era seems to be over. As a testimony, experts point to the recent rush from the corporate sector to rid themselves of their non-liquid property assets, a move feared to further dampen an already sluggish real estate market…………………………………….Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Ibtimes.com: Australians are slowly buying into the Asian real estate market because of the more stable Aussie dollar. The Fiji Islands, Indonesia, Malaysia, and New Zealand are becoming popular for investments.
Property Planning Australia director Angelo Piazetta said, “There’s an increased number of people buying in New Zealand as well and that’s mainly due to the fact they have some favourable exemptions there, such as no capital-gains tax.”……………………………………Full Article: Source

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

Posted on 25 August 2010 by Laxman |  Email |Print

From Nzherald.co.nz: Reduced market rental levels as new buildings are completed could affect property values in the commercial office sector, ING Property Trust says.

Mike Smith, the chairman of the manager to the ING Property Trust, told the trust’s annual meeting there was little doubt the market would continue to be challenging for the year ahead…………………………………….Full Article: Source

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

See more articles in the archive

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031