Tue, Oct 21, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 12.Nov 2010

Posted on 12 November 2010 by Laxman |  Email |Print

From Bloomberg: Home prices fell in half of U.S. cities in the third quarter as banks stepped up repossessions of properties in default. The median price of a single-family home dropped in 76 of 155 metropolitan areas measured, the National Association of Realtors said.
Prices in Ocala, Florida, slumped 20 percent from a year earlier for the biggest decline. Palm Bay, Florida, and Tucson, Arizona, followed with a 15 percent drop. The median U.S. price fell 0.2 percent to $177,900……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Propertyshowrooms.com: Individuals looking for real estate in the US may be interested to learn that the market is forecast to undergo a slow and steady recovery. This is the view of the National Association of Realtors which is expecting an improvement in underlying market fundamentals in the coming years.
Margaret Kelly, chief executive officer of RE/MAX, remains cautiously optimistic about the prospects of the market but she added that there still remained challenges which need to be overcome……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From WSJ: Mortgage rates mostly fell in the latest week, with all four loan types Freddie Mac tracks at all-time lows, according to its weekly survey. “Treasury bond yields initially fell and then gradually rose again” after the Federal Reserve’s Nov. 3 announcement that it plans to purchase up to $600 billion in government securities, said Frank Nothaft, Freddie’s chief economist.
“This allowed mortgage rates to fall to record levels this week.”………………………………………Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Bloomberg: Home seizures in the U.S. fell 9 percent in October from the previous month, the biggest decline in a year, as attorneys general began a nationwide probe into lender foreclosure practices, according to RealtyTrac Inc.
The number of properties taken back by banks fell to 93,236 last month from a record 102,134 in September, the Irvine, California-based data seller said today in a report. Foreclosure filings, which also include default and auction notices, fell 4 percent from the previous month to 332,172 and were little changed from a year earlier……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Brecorder.com: Farmers’ fields in Brazil and Argentina are among the most prized assets in a new global market for agricultural land that has sprung up alongside soaring commodity prices. Private equity and fund managers at a farm investing conference in Geneva named South America a top place to buy, lease and manage agricultural lands for profit.
Brazil, Uruguay, Paraguay, Argentina lands attractive “The South American marketplace is really booming along right now,” said Mark Zenuk, managing director of the $3 billion NGP Global Adaptation Partners fund……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Property-abroad.com: The newly elected Brazilian President Dilma Rousseff is expected to continue the reforms that have been boosting the Brazilian property market, and maybe even expand on them according to experts in the market.
‘With the election of Rousseff, the Brazilian property market has at least another ten years of growth. The Workers Party government was the best thing that could have happened in the history of construction in the country since it was the only ruling party that has created real incentives for the industry,’ said Flavio Cabrera of Lopes Real Estate Consultants, in Porto Alegre and Rio Grande do Sul……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Reuters: Property companies must act fast to escape spiralling costs and losses caused by legislation designed to curb excessive risk-taking in the investment management industry, the British Property Federation warned.
Investors ranging from blue chip landlords to modest family firms risk being caught in the crossfire of a war between the European Union and hedge funds, unless they can argue the use of swaps to shield against interest rate moves is not unduly risky……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Propertyeu.info: Private equity players have moved up the ranking of top retail investors in 2010. While listed real estate companies and institutional investors have dominated the top retail deals in Europe since the outbreak of the financial crisis, this year investors representing wealthy families.
This year Amsterdam-listed Corio topped the ranking, following the acquisition of the Multi portfolio in Germany and Spain and deals in Italy and Turkey……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Reuters: One in six European insurance companies said new industry capital adequacy rules were a contributory factor in a decision to stop investing in private real estate funds altogether, a survey showed.
The EU’s Solvency II laws, to be implemented in December 2012, will have a dramatic impact on the multi-billion-euro real estate investments of insurance companies based in Europe, market research firm Preqin’s survey said……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Bloomberg: U.K. house prices increased to the highest in more than two years in October as the property market showed signs of peaking, research company Acadametrics Ltd. and LSL Property Services Plc said in an estimate.
The average price of a home in England and Wales climbed for a sixth month, gaining 0.3 percent to 224,709 pounds ($363,000), the highest since June 2008, the groups said in an e-mailed report today. Values rose 6.1 percent from a year earlier……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Telegraph: Britain’s housing market faces a “long road to recovery” as figures showed mortgage lending failed to pick up last month. Around 50,000 mortgages were approved to those buying a new home in September, unchanged from the previous month and 2 per cent lower than a year earlier, according to the Council of Mortgage Lenders.
A total of 29,000 people switched home loans in September, an increase of 4,000 loans and the highest level since March……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From UKPA: The housing market contracted during October following a fall in both potential buyers and sellers, estate agents have said. The number of buyers registering with estate agents fell for the third month in a row, dropping by 12% to an average of 218 - the lowest level since December 2008, when house prices were falling.
At the same time, the number of people putting their home on the market dropped for the first time since June, leaving estate agents with 7% fewer properties on their books at an average of just 67, according to the National Association of Estate Agents (NAEA)……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Ifaonline.co.uk: As the UK commercial property sector sees a sustained rise in prices, Julian Smith, fund director of F&C UK Property, says now might be the time for investors to move back into bricks and mortar.
The residential market has been experiencing a number of setbacks as the economy adjusts to a period of fiscal austerity. Conversely, the UK commercial property sector has, over the past year, seen a sustained rise in prices and this has subsequently attracted a range of investors to the sector……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Dow Jones: The rebound in London’s commercial property market is set to continue even if there isn’t a strong economic recovery as supply constraints and new investment opportunities continue to boost valuations and drive up rents, executives at the capital’s biggest landlords say.
Reporting higher profits in recent months, Land Securities PLC, the U.K.’s largest real-estate investment trust, and Great Portland Estates PLC reported strong returns, particularly on new developments, and net asset value growth as valuations rise. Occupancy levels are also climbing, helping drive up rents……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Novinite.com: Sofia is the capital with the biggest drop of real estate prices in Central and Eastern Europe for 2009, according to analysis of the consultant company ERA Europe.
Compared to 2008, last year the real estate prices in Sofia dropped by 22%, putting the Bulgarian capital at the top of the list for the region……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Bsr-russia.com: Intermark Savills has released their October data which found signs of revival in the market, but the firm expects it will take some time for a complete recovery. Most demand (45%) was for three room apartments.The average cost of a three room business class apartment was reported to be $605,000.
More than 27 business class residential complexes which are under construction were surveyed and the firm found 18.5% of these remained in a suspended state……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Gulfnews.com: Open up the home financing taps and the local real estate market stands a better chance of staging a recovery. This was the prescription that an overwhelming 88 per cent of respondents provided during a survey conducted by Hadef and Partners, the law firm.
And as many as 75 per cent felt aggrieved that financial institutions were not doing their bit to “adequately support” the property market, though respondents do realise this has got to do a lot with the state of the economy. But there are micro issues at play, which have a bearing on investor sentiments……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Emirates247.com: Abu Dhabi had more than 40,000 vacant apartments at the end of July among a total of more than 382,000 housing units available in the emirate, according to the biggest commercial and social statistics conducted by the government.
The data showed Abu Dhabi, the largest emirate in the UAE, had 165,071 buildings, around 5,436 two-storey houses and 34,457 villas at the end of July……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Gulfnews.com: There are 10,149 buildings under construction in Abu Dhabi, according to a survey by Statistics Centre-Abu Dhabi. “The outlook for the real estate sector in the short term will see these units gradually entering the market and raising the supply graph,” said the survey, which is the second phase of the national project to update buildings, housing, households and establishments for 2010.
Some 5,455 of the buildings under construction, or 53.7 per cent of the total, are in the Abu Dhabi region, 3,828 (37.7 per cent) in Al Ain, and 866 in the Western Region……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Deccanherald.com: In the Indian occupier market, growth in tenant demand continues to be most visible in the office sector with the retail and industrial areas seeing only modest improvements in activity for the second consecutive quarter. However rental expectations have failed to pick up with 25 per cent more surveyors expecting rents to rise than fall in comparison to 27 per cent in the second quarter.
The key factor holding back a stronger rise in rental expectations appears to be an oversupply of available property to occupy……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Hindustantimes.com: While demand for residential property in Mumbai continues to rise, there has been a steady decline in the demand for office space across the metropolis. The reason being that supply of office space has outstripped the demand, and also companies are being very cautious about the price factor of lease rentals.
A quarterly report published by Cushman and Wakefield, a leading real estate consultancy firm, has found out that the total demand for office space in Mumbai stood at 15 lakh sq ft between July and September, which is 13.6% less as compared to the demand from April to June, when it was 17.35 lakh sq ft……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Peopledaily.com.cn: China’s property developer confidence index rose 0.05 points from September’s 103.52 points in October, the first rebound after six months of decline, while the growth of housing prices is starting to slow down, according to the National Bureau of Statistics.
In October, new home prices in China’s 70 large and medium sized cities rose 0.3 percent month on month, the growth rate was 0.2 percentage points lower than the previous month. The prices in 70 cities climbed 8.6 percent from a year earlier, slower than the 9.1 percent increase in September……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From AFP: Luxury home sales in Hong Kong have smashed previous records, the city’s biggest realtor said Thursday, despite government measures to cool a market that has rebounded from the global financial crisis.
Homes with a price tag of at least 20 million Hong Kong dollars (2.58 million US dollars) have surpassed previous highs for both the number of transactions and total sale proceeds, real estate giant Centaline said……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Bernama: Top executives of the Thai Real Estate Association, Thai Condominium Association, and the Housing Business Association affirmed Wednesday that these there are no signs of bubbles in the domestic property market as reported in some media, Thai News Agency (TNA) reported.
Thai Condominium Association president Thamrong Panyasakulwong said he and executives of the other associations met with Bank of Thailand (BoT) deputy governor Krirk Vanikkul to discuss reports of a possible bubble burst in the condominium business……………………………………….Full Article: Source

Posted on 12 November 2010 by Laxman |  Email |Print

From Globest.com: Some of the gateway markets in the three regions surveyed by CBRE—EMEA, the Americas and Asia Pacific—have experienced double-digit rent growth year over year, even as 19 of the 175 markets surveyed saw their rents fall off by 10% or more.
In fact, the regional acceleration or deceleration of rents in key markets points to the relative progress each region has made in terms of economic recovery. The “galloping” Asia Pacific region is home not only to three of the five most expensive office markets (Hong Kong’s Central CBD, Tokyo’s Inner Central district and Mumbai) but also some of the biggest percentage jumps in occupancy costs……………………………………….Full Article: Source

See more articles in the archive

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