Thu, Oct 2, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 24.May 2011

Posted on 24 May 2011 by Laxman |  Email |Print

The global property industry is set to experience a two-speed recovery, experts say, with the Asia-Pacific region acting as an engine of growth while markets in Europe and the U.S. lag behind.
Commercial property advisor DTZ Holdings PLC said it expects Asia Pacific to surpass the U.S. this year to become the world’s second-largest commercial property market. Its annual ‘Money Into Property’ report forecast the Asia-Pacific region’s invested stock will rise to $4.4 trillion by 2012, matching the level of Europe–the current global leader……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

Tad Philipp

U.S. commercial property prices fell to a post-recession low in March as sales of financially distressed assets weighed on the market, according to Moody’s Investors Service.
The Moody’s/REAL Commercial Property Price Index dropped 4.2 percent from February and is now 47 percent below the peak of October 2007, Moody’s said……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

The commercial real estate market decelerated in the first quarter, as institutional property investors were stung by declines in both sales and prices, according to a new study by MIT’s Center for Real Estate.
When compared to property sales tracked in 2010’s fourth quarter, the Jan. 1 through March 30 period was a bit of a downer for institutional investors. Commercial property sales among this investor class — generally insurance companies, pension funds, colleges and affiliated endowments — totaled 70 transactions in the first quarter. That figure was off 24 percent from 91 transactions recorded the prior quarter, according to MIT……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

Since the financial crisis began in 2007, banks and lenders have almost doubled their real estate holdings, with over 872,000 homes currently in their possession, and still another million currently in the foreclosure process. According to RealtyTrac, a real estate data provider, 1 in every 593 homes received a foreclosure filing just in April 2011.
That number is even greater in many states, including California, Oregon, Michigan, Florida, and even Nevada, where 1 in every 97 homes received a foreclosure filing just last month……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

San Francisco’s luxury home values dropped in the first quarter to their lowest point since the first quarter of 2004, when the region was clawing its way back from the dot-com bust.
San Francisco Bay Area luxury home values lost 4.3 percent from the fourth quarter of 2010 and were down 1.9 percent from the first quarter of 2010, according to a quarterly survey produced by San Francisco-based First Republic Bank. ………………………………………Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

Investors will buy and sell more commercial real estate in Europe than anywhere else in the world this year as banks dispose of riskier properties and purchasers find it easier to borrow money, DTZ Group Plc said.
European transactions will probably rise 20 percent to $164 billion, the London-based property broker said in a report today, citing surveys of banks and investors that own more than $1 trillion of assets or loans……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

Europe’s real estate markets turned the corner in 2010, with invested stock increasing by 4% in marked contrast to the previous year’s decline of 8%, according to DTZ’s flagship ‘Money into Property 2011’ report. This is forecast to increase further in 2011.
The increase in invested stock varied considerably across Europe, ranging from 1% in the UK to 11% in France. There was one notable area of decline, Portugal, Italy, Ireland, Greece and Spain (PIIGS) posted a 3% fall……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

The chairman of INREV believes European regulators will accept a lower capital requirements threshold for real estate.
Michael Morgenroth, who took over the position from Johan van der Ende last year, told delegates at IPD’s annual European conference he was “confident” the proposed 25% capital charge for all European insurers holding direct property would be reduced……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

The housing market is bracing itself for more price falls after an unexpected slump in sales this spring thanks to economic uncertainty, prolonged good weather and the glut of Bank Holidays.
Miles Shipside, commercial director of Britain’s largest property website Rightmove, says the “distraction” of successive long weekends, the holiday atmosphere surrounding the royal wedding plus good weather across much of the country, have sharply cut demand……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

British Land became the latest developer to benefit from the recovery in the commercial property market.
The company said its portfolio of offices and shops rose 6.9 per cent in value in the 12 months to the end of March. Profits increased by 2.8 per cent to £256million and net asset value per share – a key measure of health for property developers – jumped 12.5 per cent to 567p……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

German open-ended property funds’ performance stabilised in the first quarter compared to previous quarters, albeit at a low level, says Investment Property Databank, though funds with a 10-year-plus track record show a better performance than younger ones. The current yield level points to annual yields of about 2%, its latest OFIX-All performance index shows.
OFIX-All, which includes all 21 GOEPF accessible to private investors, posted a 0.2% yield in first quarter while the OFIX-10, with funds that 10-years old or older, posted 0.51%……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

Germany’s Prime Office said on Monday that it is planning to launch an Initial Public Offering (IPO) on the Frankfurt and Munich stock exchanges this summer beforing converting to a tax-transparent real estate investment trust (REIT).
Prime Office will thereby become the fourth German-REIT(G-REIT) after Alstria Office, Fair Value and Hamborner……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

Austrian companies are well poised to cash in on the optimistic outlook for the property market in the CEE / SEE markets. That was the message of a new report from international property consultancy EHL which revealed how the markets had been decimated in the wake of the US sub-prime mortgage crisis.
Andrea Dissauer, who is the director for the SEE / CEE region explained how companies had rushed to areas like Romania to invest - and then pulled out almost as quickly……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

The Brussels office investment market is on track to exceed €2 billion in 2011, which is a return to average levels seen in the early 2000s according to research by international real estate advisor Savills.
The firm reports that investment turnover in the city increased by 234% in Q1 2011 compared with the same quarter in 2010, from €124 to €416 mln. Nationally for Belgium, Savills data reveals that turnover reached €616 mln. in Q1 2011, which already represents 48% of the total volume achieved in 2010……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

Property markets in Bulgaria and other parts of Eastern Europe are seeing signs of a recovery with an increase in the number of new properties under construction as well as an increase in prices.
However, whilst the number of new homes is rising in several Baltic and Eastern European countries, levels are still low in historical terms……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

Greece’s Cabinet endorsed another package of spending cuts and state asset sales after the worsening bond-market selloff across the euro region forced the government to step up austerity measures.
Finance Minister George Papaconstantinou is seeking financial advisers to sell stakes in Hellenic Telecommunications Organization SA, Public Power Corp SA and a number of other companies………………………………………Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

Minister of Finance Yuval Steinitz told the Knesset Finance Committee today that Israel was diversifying its export markets because of the weakness of the dollar, and that it was reducing its dependence on the US and Europe.
Steinitz said, “The weakness of the dollar worries us because it affects the competitiveness of our exports. The crisis isn’t completely over; it threatens us. We’ve said that part of our task is to divert some exports to emerging markets in Asia and South America. We’re seeing this happening……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

It can no longer be ignored; Turkey is now one of the hottest markets in the world of overseas property, the figures don’t lie.
According to the Association of Real Estate Investment Firms, sales to foreign buyers increased by 40% in 2010. The report said sales to foreigners totalled $2.5 billion for the year, almost as much as the $3 billion recorded in the two years ending 2008. Gyoder also records an index of house prices and it shows that Turkish property prices are growing at an rate of over 6% year on year in 2011……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

More corporate hiring and a more optimistic view of the business environment in Asia Pacific has underpinned the office leasing market over the first three months of 2011. Jones Lang LaSalle research shows that aggregate net take up across major Tier I markets was 30 per cent up year-on-year.
“The global comparison shows how the traditional Asian centres have outpaced the world in their recovery … these are exciting times for Asia Pacific Office markets,” said Jeremy Sheldon, head of markets in Asia Pacific for the firm……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

Banks around the Asia-Pacific region appear well placed to withstand any moderation in house prices, reflecting prudent lending practices, tight regulations, and high household savings rates, according to a report published today by Standard & Poor’s Ratings Services, titled “Could A House Price Correction Threaten Asia-Pacific Banks?”.
While house prices have escalated in many markets around the region in recent years, and there is scope for a correction in some “hot” areas, Standard & Poor’s does not currently anticipate a deep, disruptive price correction for the region’s residential property that could lead to systemic risk for Asia-Pacific’s banks……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

The global real estate market is on firm foundations, holding up well so far this year and can offer some protection against inflation for investors, it is claimed.
Opportunities abound in both developed and developing markets, according to Alan Supple, portfolio manager at Urdang, BNY Mellon’s global real estate investment specialist, and a member of the team managing the BNY Mellon Global Property Securities Fund……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

The property market may see some radical changes in the coming months, according to analysts. They say the newly sworn-in Cabinet is expected to carry out extensive review of current housing policies.
This may include a review of the government land sales programme and moderating home prices……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

Real estate investors in Vietnam have been forced to seek further financial assistance after commercial banks have restricted loans for developments. Those that do not find funding run the risk of discontinuing their developments, reported the VietnamNet Bridge.
The Chuong Duong Company is currently in negotiation with foreign partners on the transfer of the Golden Land project in Thu Duc district in HCM City. The project, with an investment capital of 880 billion dong (US$42.6 million), is to consist of a shopping mall and high-rise apartment on 15,000 sqm of land……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

Property sales rebounded in Phuket in the first quarter, signalling a recovery in the market, says CB Richard Ellis Thailand. Chairman David Simister said the island province remains the pinnacle destination for second-home purchases in Southeast Asia, with the villa market topping the charts in terms of high-end developments and prices.
Neighbouring countries do not have the same international desirability as Phuket. The Vietnamese market has many new projects but attracts only domestic buyers. Bali, Phuket’s main competitor, does not attract the same number of tourists or high-income property buyers……………………………………….Full Article: Source

Posted on 24 May 2011 by Laxman |  Email |Print

Australia’s government wealth fund Future Fund has acquired a 50% stake in two buildings in Brisbane from Stockland Capital Partners.
The Future Fund paid as much as AUD$216.4m (€162.5m) to acquire a 50% interest in an office building Waterfront Place from an unlisted property fund owned by Stockland, Stockland Direct Office Trust No. 1 (SDOT1)……………………………………….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