Mon, Dec 22, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 02.Jun 2011

Posted on 02 June 2011 by Laxman |  Email |Print

Worrying about the housing market is nothing new. From anxious homeowners wondering about the value of their property to institutional investors holding on to securitised mortgages, the direction of housing prices has been top of mind for some time now.
And rightfully so. Housing is a crucial component of our economy, and the recovery in the sector so far has not been earth-shattering……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Home prices have sunk to 2002 levels, effectively wiping out almost a decade’s worth of home equity across the U.S. and imperiling the fragile economic recovery as Americans confront the falling value of their biggest investment.
A closely watched home-price index released Tuesday, the S&P/Case-Shiller National Index, showed that prices nationwide fell 4.2% in the first quarter after declining 3.6% in the fourth quarter of 2010. The index had seen increases in 2009 and early 2010……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

House prices have fallen further in the past five years than they did in the Great Depression – and there’s no sign the free fall is about to stop. The Case-Shiller index of U.S. national house prices fell again in the first quarter, S&P reported Tuesday.
The index is off 33% since it peaked in 2006. The peak-to-trough decline during the Great Depression, by contrast, was 31%, says Paul Dales of Capital Economics in Toronto……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Home prices are already a third off their highs, but this summer could bring the real discounts. Buyers are still cautious, and anxious sellers will have to price aggressively to get them off the fence.
That could result in a “summer clearance sale,” predicts Pete Flint, CEO of Trulia, the real estate web site. “We don’t imagine a stampede of buyers, like outside of Macy’s on Black Friday,” he said. “We see this more akin to January sales where retailers are trying to get rid of stock before it gets stale.”………………………………………Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

You know that $400,000 house you want to buy; offer them $350,000. If they don’t take it now, they will soon enough.
This chart from Business Insider shows what the Standard & Poor’s Case-Shiller Index looks like on a graph chart: bad. National home prices are back to their 2002 levels, according to the index data released May 31……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Housing in the U.S. is in the midst of a double dip in prices, a threat to the economic health of banks, households and the country itself.
House prices have hit a new post-bubble low, down almost a third from their 2006 peak, according to data released on Tuesday by S&P Case-Shiller……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

A large earthquake is usually followed by aftershocks as the earth finds its new equilibrium. In the same way, the housing markets in the US and UK are taking a while to adjust in the aftermath of the financial crisis.
Lending is tight, and many sellers are unwilling to accept comparatively low prices. So it is no surprise then that renting has become more popular. In the US, almost 10% more households now rent compared with the peak of the property boom……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Blackstone Group LP (BX) is close to borrowing as much as $1.35 billion from lenders including MetLife Inc. (MET) to replace debt coming due on 21 office properties, according to three people with knowledge of the refinancing.
MetLife, the largest U.S. life insurer, and New York Life Insurance Co. plan to underwrite a two-year senior mortgage of about $850 million, with three one-year extensions, said the people, who asked not to be named because the talks are private……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Investment performance across Europe’s property markets is expected to polarise further rather than converge in 2011, according to Joe Valente, the Europe head of research and strategy at JP Morgan Asset Management’s real estate arm.
‘Whilst returns have been positive across Europe leading some to suggest that we are likely to see increased convergence in 2011, this is an illusion,’ Valente said………………………………………Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Invested stock increased by four per cent in 2010, indicating that European property markets have finally turned the corner. The growth, as reported in DTZ’s flagship Money into Property 2011 report is a marked contrast to the previous year’s eight per cent decline.
Hans Vrensen, global head of research at DTZ, said: “Following two years of decline, Europe is returning to a more normal situation with an increase of its invested stock in 2010. We expect the region to continue this positive trend with a four per cent increase in 2011.”………………………………………Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

European listed real estate, as represented in the GPR 250 Europe Index, finished 3.4% higher in May. This follows on from a performance of 3.6% in April.
The best performing country indices were Switzerland 7.5%; Norway (Norwegian Property) 6.9%; the UK 4.8%; France 4.6% and Finland 3.4%……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Morgan Stanley said U.K. house prices will continue to decline through 2012 as a squeeze on consumers’ incomes and higher interest rates restrain property demand.
Home values will fall a total of 10 percent in the two years through 2012, compared with a previous estimate of a 7 percent decline to the end of this year, Morgan Stanley economists including London-based Melanie Baker and Cath Sleeman said………………………………………Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Even Britain’s most affluent areas are suffering the downward national trend in house price movements, according to a 2011 property rich list. Compiled by property website Zoopla.co.uk, the survey reveals the most exclusive areas in the UK.
Some have fared better than less expensive areas in the property price stakes, but even the affluent are not immune to a market stuck in the doldrums……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Almost half of potential UK homebuyers believe Britain will become a nation of renters within a generation as young people give up on the dream of home ownership, a study by mortgage lender Halifax suggests.
In a survey of 20 to 45-year olds, 46pc said they thought the country was becoming more like Europe, where renting is seen as the norm, and Britain would be a nation of renters within a generation……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

The Telegraph reports that plans are under way to reintroduce 95% mortgages so that first-time buyers can get their feet on the property ladder. Less than three years after the worst financial crisis since the 1930s, caused by lax lending standards, the solution is…to lower lending standards.
If first-time buyers cannot afford houses, that is because prices are too high. One only has to look at Nationwide’s data on UK house prices to see that the ratio of prices to first-time buyers incomes is 4.3, higher than it was at any point between 1983 and 2003……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Property pickings are anything but slim in La France profonde. From pieds-a-terre in Paris and luxury chalets in the Alps to vintage mas in the Midi, the real estate bounty epitomises its diversity.
A country more than twice the size of the UK yet with a similar population, it attracts many Britons every year, who relocate there to grow old gracefully, to work, or simply for a change of pace. Millions more dream of joining them, attracted by the temperate climate, rich culture and hugely varied landscape……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

According to the UBS Swiss Real Estate Bubble Index, while the Switzerland property market is clearly booming, a bubble is not being formed.
The index, which was launched by UBS Wealth Management Research Switzerland, indicates that a bubble could be forming when it goes above 1. The index showed 0.63 in the first quarter of this year. To quantify this; the index went up to 2.5 in the early nineties, which is when the Swiss property market was at the height of its last bubble said UBS……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Interest in Poland’s regional cities is rising, according to Savills, as real estate investment in 2011 is set to exceed €2 billion compared to a total volume of €1.73 billion in 2010. Poland is anticipated to represent one of the highest levels of real estate investment across CEE countries (including Russia) – its 2010 market share was 35%.
The international real estate advisor reports that during the last quarter of 2010 and the first quarter of 2011, transactions outside Warsaw included office buildings in Krakow, Wroclaw and Gdansk as well as a number of retail properties and a portfolio of three shopping centers located in Lodz, Torun and Sosnowiec……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Istanbul’s property market shows no sign of faltering in 2011 as the city’s population continues to soar with the rate of migration more than doubling during 2009/10 according to latest official figures.
Over 102,000 migrants made Turkey’s largest city their home during 2009/10, accounting for 7.7% of Istanbul’s total population compared to 39,500 during 2008/09, data from the Turkish Address Based Population Registration System (ADNKS) shows……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Inspired by the vision and initiatives of King Abdullah, Custodian of the Two Holy Mosques, the Kingdom is enjoying the biggest real estate boom in the entire Middle East.
With more than $36 billion of FDI and over $500 billion of real estate projects already underway, Arabia presents some of the most lucrative and accessible opportunities for regional and international real estate investors……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Better Homes has reported a shift in the behaviours of buyers over recent months, as increasing numbers of young professional Omanis and GCC residents demand greater opportunities to purchase high quality, modern and affordable homes in central locations in and around Muscat.
Oman has a rising population of young professionals looking for their first step onto the property ladder, seeking comfortable and modern homes, close to their families and work, with all of the facilities and amenities that make life easy and enjoyable for themselves and their families……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

High returns are a lure for investment in office space, but both loan-to-value and tenures are lower. Property consultants say sluggish volumes in the residential sector and hardening interest rates have come as a boon for retail investors in office properties.
Today, in Mumbai, investors can own smaller units of space, of 500 to 1,000 sq ft, in Grade A buildings (those centrally air-conditioned and with standard amenities), in contrast to a few years earlier, when only larger units were available, says Ramesh Nair, managing director, West India, Jones Lang LaSalle (JLL)……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Residential property prices in 100 major cities in China posted an accelerated rise in May, a private index showed Wednesday, despite government efforts to address worries that housing costs have risen too far too fast.
Chinese residential property rose 0.53% in May from April, faster than April’s 0.40% on-month increase, China Real Estate Index System said Wednesday……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Standard Chartered are on the ball as ever when it comes to developments in the Chinese real-estate market. In their latest note they warn about the scale of possible over-supply that’s set to hit the market.
Standard Chartered are actually being very level-headed. Sales of new apartments may be down, but the analysts — Lan Shen, Stephen Green, Li Wei — emphasise that these sales do come against an extremely robust performance in the second half of 2010……………………………………….Full Article: Source

Posted on 02 June 2011 by Laxman |  Email |Print

Prices of non landed luxury property sales in Singapore remained steady in the first quarter of the year, according to the latest data from real estate consultants Savills.
Average prices S$2,269 per square foot in the first three months of the year, up marginally by 0.5% quarter on quarter from S$2,258 per square foot in the last three months of 2010……………………………………….Full Article: Source

Posted on 02 June 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……………………………………….Full Article: Source

See more articles in the archive

banner
banner
December 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031