Mon, Oct 20, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 26.May 2011

Posted on 26 May 2011 by Laxman |  Email |Print

A federal agency said Thursday U.S. home prices fell 2.5 percent in the first quarter, the largest quarterly drop since the fourth quarter of 2008. The Federal Housing Finance Agency, which tracks prices for homes with mortgages backed by either the Federal National Mortgage Association or the Federal Home Loan Mortgage Corp., also said prices fell 5.5 percent from the first quarter of 2010 to the same three months of 2011.
For the quarter, prices fell in 43 states and the District of Columbia……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

Edward DeMarcoAnother day, another bad piece of housing data. This morning’s downer comes from the Federal Housing Finance Agency, which reported its home-price index fell in the first quarter at the fastest pace since the fourth quarter of 2008 — not exactly a time to which one likes to see economic data get compared.
Prices fell 2.5% in the quarter, the FHFA reported. Prices are down 5.5% from a year ago. The FHFA’s monthly index fell 0.3% in March and is down 19.8% from its peak in April 2007……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

U.S. House Republicans came under fire Wednesday from numerous housing and banking industry representatives, who said the housing market remains too fragile to scale back government support.
The debate at a hearing of a House subcommittee illustrates how Republican lawmakers are running into opposition from real estate agents, home builders and mortgage bankers as they seek to remove some of the government supports put in place during the past three years aimed at keeping a sinking housing market from falling further……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

United States 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 fell 4.2% from February and is now 47% below the peak of October 2007, Moody’s said its latest report……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

State attorneys general told five of the nation’s largest banks on Tuesday they face a potential liability of at least $17 billion in civil lawsuits if a settlement isn’t reached to address improper foreclosure practices, according to people familiar with the matter.
The figure doesn’t cover additional billions of dollars in potential claims from federal agencies such as the Department of Housing and Urban Development and the Justice Department. State and federal officials haven’t proposed a specific comprehensive settlement figure, but Tuesday’s discussions represented the first effort to formally quantify potential liability……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

Brazil’s lower house has passed legislation that would loosen restrictions on how small farmers use their land in the Amazon forest.
Environmentalists still fear the revision bill would bring increased deforestation, but operators of small-scale farms and ranches defend the measure as a way to let them produce to full capacity and boost Brazil’s food output……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

The European listed real estate sector has the potential to double in size over the next five years, as banks look to offload distressed property assets held on their books and private investors turn to attractive REIT structures to realize the value of their investments, the Head of Research at the European Public Real Estate Association (EPRA) said.
Fraser Hughes, Head of Research at EPRA said: “A number of opportunities are converging that have the potential to double the current €300 billion market capitalization of the European listed real estate sector over the next five years under a best-case scenario.”………………………………………Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

2011 is expected to see an increase in industrial project deliveries in Central and Eastern Europe (CEE), mainly based in Poland and Russia, according to CB Richard Ellis (CBRE). Increased manufacturing productivity and its link with regional CEE markets is causing development activity to move from capital cities towards regional cities.
Jos Tromp, Head of CEE Research and Consultancy, CBRE, said: “Despite uncertainty about medium to longer term economic prospects, economic growth in most CEE markets has turned positive in recent quarters……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

Property sales showed signs of stabilising during April but transactions remain well down on normal levels. Estate agents sold an average of eight properties per branch during the month, unchanged from the number of sales agreed in both February and March, according to the National Association of Estate Agents (NAEA).
The group said its members reported a flurry of activity during the early part of the month in the run-up to Easter, with interest tailing off over the extended bank-holiday period……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

The latest report from the Joseph Rowntree Foundation says that the UK housing market volatility has distorted housing choices, driven up repossessions and arrears, inhibited house building as well as increasing wealth inequalities.
The JRF report concentrates on the four main areas it considers most important: housing supply, managing the housing market cycle, providing better protection against house price volatility and developing alternatives to home ownership……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

Asian buyers accounted for the majority of new home purchases in central London for the first time as they took advantage of the pound’s weakness and avoided rising prices at home, Knight Frank LLP said.
The share of deals increased to 59 percent in the six months through April from 48 percent a year earlier, the London- based real-estate broker said in a report today. Most of the Asian purchasers were based in Hong Kong or Singapore, where residential property prices have risen to records this year……………………………………….Full Article: Source

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

Posted on 26 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 (GYODER), 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

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

Posted on 26 May 2011 by Laxman |  Email |Print

Most people reading about Turkey or even overseas property on a regular basis will have heard of the bold plans unveiled by Prime Minister Erdogan for splitting Istanbul into 2 separate cities for easier governance. The proposed split would be along the Bosporus, with the European side and the Anatolian side becoming 2 new cities.
Istanbul is currently one of the hottest property markets in the world, with commercial property, residential property and holiday property all catching the eye of global investors……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

The Emirate of Abu Dhabi may see some fall in rentals and property prices, a penal discussion organised by Institute of Chartered Accountants of India (ICAI) in the capital was told.
The institute panel held recently discussed the various aspects of the real estate sector in the country with particular emphasis on Abu Dhabi and Dubai……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

Real estate transactions steeped up to QR797m last week, up 65 percent over the previous week (QR482m), Qatar News Agency (QNA) reported.
The details released by the Ministry of Justice on its website for weekly real estate transactions (between May 15 and 19) showed that they were worth QR797m. However, the previous week (between May 8 and 12) the figure of real transactions was merely QR482m……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

Indian real estate firms have seen domestic options for funds drying up. The companies’ poor fundamentals are the key reason for this. In recent times, real estate firms have found it increasingly difficult to meet their financial obligations.
The reason for this is slower sales which is a result of the lower demand from the residential housing sector. The demand has been hit by a double whammy of higher interest rates combined with exorbitantly high property rates offered by the realty firms……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

Bangkok office space rents remained stagnant over the past year, while Hong Kong prices are the highest in Asia. Montly office rents in Bangkok at approximately US$22 per sqm are dwarfed by the current prices in Hong Kong’s Central Business District: close to US$164 per sqm, according to the most recent data from CB Richard Ellis (CBRE) Asia Pacific Office Marketview.
Tokyo has the second highest prices at US$109 per sqm with the Nariman Point district in Mumbai coming in third at US$95 per sqm……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

Singapore’s Mapletree Investments plans to set up a China-focused fund that will have $500 million to $1 billion to invest in Chinese commercial property once it deploys most of the money in its existing funds, a senior executive said on Wednesday.
The fund, which will be backed by internal funds and money raised from outside investors, will likely be launched in 2012 or 2013, Group Chief Investment Officer Chua Tiow Chye told reporters at a press conference……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

Real estate firm Mapletree Investments said it plans to launch three property funds worth US$2 billion over the next few years. The funds will invest in commercial and mixed-use properties in China, Vietnam and Japan.
Mapletree, the real estate arm of Temasek Holdings, also announced a 90 per cent increase in its profit after tax to S$747 million for the full year ended March 31, driven by higher rental contributions from its assets……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

The Real Estate Information Centre of Thailand has estimated that the housing market, especially in Bangkok and vicinities this year will not be as lively as last year but will not shrink much.
Real Estate Information Centre Executive Director Samma Kitsin admitted that there was no policy from the Thai government to support the housing market in the first four months this year while the 0% interest rate for the first house purchase will be effective in the latter half of the year……………………………………….Full Article: Source

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

Posted on 26 May 2011 by Laxman |  Email |Print

The property market in the Philippines is currently enjoying a boom, with prices on luxury properties up 3%, and luxury property rental rates up by 8% according to CB Richard Ellis. The economy is flourishing and is currently growing at 7% year which is the highest rate for 30 years, and the remittances from Filipinos living abroad are expected to increase by a hefty per 7% this year.
One of the companies cashing in on the boom is Manila-based Century Properties Group Inc which currently has three projects on the go, including the Milano Residences which are designed and branded by Versace Home……………………………………….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