Sat, Nov 29, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 06.Jun 2011

Posted on 06 June 2011 by Laxman |  Email |Print

Seventy-five percent of Americans say that “owning a home is the best long-term investment they can make and is worth the risk of ups and downs in the housing market,” according to a new survey of 2,000 bipartisan voters by the National Association of Home Builders.
Despite their situation — whether underwater on their home or even renters — the survey found Americans to be optimistic about home ownership……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

The Obama administration wants to help more struggling Americans stay in their homes by reducing the amount they owe on their troubled mortgages, a top Treasury official said on Saturday.
“We are very definitely trying to facilitate more principal reductions,” said Timothy Massad, Treasury’s acting assistant secretary for financial stability. “It is a very important piece of the overall solution,” he said……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Prologis (PLD), the world’s largest warehouse owner, plans to double its Asia holdings while scaling back growth in North America and Europe after completing the biggest merger of U.S. real estate investment trusts.
The company, which has $46 billion in owned and managed properties, will expand Asia assets to a quarter of its total portfolio value, Co-Chief Executive Officer Hamid Moghadam said in an interview at Prologis’s San Francisco headquarters……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Commercial property lending is starting to recover, thanks to support from insurers, pension schemes and asset managers. Around €3.8bn in mezzanine finance for Europe is being raised, according to real estate adviser CB Richard Ellis, with buyside investors contributing 87% of the total.
Adviser DTZ says non-bank lenders would advance a total of €60bn, including senior loans, over three years……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

The European banking sector is gaining strength based on high levels of office leasing activity in the last year, according to a report from Cushman & Wakefield. During that time (April 2010 – March 2011), take-up of office space by banks across Europe has been 20% above the five-year average.
With over 1 million m² of office space leased, activity levels have bounced back from the low points in 2009 and 2010 when less than half that amount was let……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

The housing crisis is an unresolved problem for the Coalition Government. The Conservative Party used to be the party of housing. Just as Labour captured the issue of health, so, in the last century, the Tories captured the issue of housing.
The number of completions of new houses peaked under Tory governments. In 1936-37, when Stanley Baldwin was Prime Minister in the National Government, which was a Conservative-led coalition, a record 370,000 homes were built……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Paris luxury-home prices rose the most in the world in the 12 months through March as buyers from emerging markets competed for a limited number of properties, Knight Frank LLP said.
Values of houses and apartments costing more than 2 million euros ($2.9 million) increased 22 percent in the French capital, Mark Harvey, a senior negotiator for the London-based property broker, said in an interview. Hong Kong was second with a 15 percent rise and Helsinki third with 12 percent. Shanghai and Beijing completed the top five……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Spain, the Republic of Ireland and the US have seen the largest reported increases in distressed property listings in the past three months, according to the latest RICS Global Distressed Property Monitor.
The Royal Institute of Chartered Surveyors (RICS) found that two third of the countries surveyed are expecting an increase in distressed property listings for the second quarter of 2011. The outlook remains negative in Spain, Ireland, Hungary and Italy as poor economic conditions continue to weigh on the real estate markets in these countries………………………………………Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Meitav: The tremendous increase in building starts and finishes is a sign that real estate prices will decrease.
“This week, data was published about the domestic real estate market that show a real potential for cooling down in the sector, mainly referring to apartment prices,” claimed Meitav Investment House chief economist and strategist Ron Eichel, in a survey……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

As the real estate market continues to record “impressive” growth, housing investors say the sector will chalk up further solid performance in the summer only if the government extends fee exemptions to homebuyers.
Giving credit to government incentives in speeding up the rebound of the sector, Zuhair Omari, president of the Housing Investors Society, said decision makers should extend until at least the end of this year the decision that grants homebuyers exemptions from registration fees and taxes on the first 150 square metres (sq.m.) of apartments sized 300 sq.m. or less……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Investors have money to spend on property in the Middle East and North Africa, but a lack of good opportunities at reasonable prices spells more stagnation for the region’s markets, according to a survey by Jones Lang LaSalle.
Almost three quarters of large institutional investors surveyed said they planned to invest in property in the Middle East and North Africa (Mena) in the next year, while only 8 per cent said they were looking to sell……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Almost 75 per cent of respondents in a survey said they were planning to increase their level of investment in the Middle East and North Africa, or MENA, real estate market in the next 12 months compared to just seven per cent who were planning to reduce their level of exposure.
Jones Lang LaSalle, or JLL, a leading real estate investment and advisory firm, said in its MENA Real Estate Investor Sentiment Survey that respondents aimed to invest up to $6 billion in the real estate market over the next one year……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Dubai’s real estate is likely to witness some stability in capital values while Abu Dhabi will see highest value declines over the next 12 months, a latest Jones Lang LaSalle (JLL) survey has said.
“While Dubai is already passed the supply peak, Abu Dhabi is still approaching the peak of the supply cycle. Thus, Abu Dhabi rents and sale prices are expected to continue to decline in the coming year,” the global property consultancy said in its 2011 Middle East and North Africa (Mena) Real Estate Investor Sentiment survey………………………………………Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Dubai is studying the enforcement of a new residence visa system for property owners, sources from the government confirmed.
The government official, who spoke on condition of anonymity, said that authorities in Dubai are discussing ways of granting owners of properties in the emirate, residence visas based on transparent rules and legislation. “The rules are expected to be issued soon,” the source said……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Size is an advantage in many sectors, but not, it appears, in real estate development. Smaller realty players have fared better than the national giants in pushing their sales numbers back to pre-slump levels, in the latest fiscal.
Players such as DLF, Unitech or HDIL may boast of massive land bank or assets but it is the mid-sized ones such as Oberoi Realty, Mahindra Lifespace Developers or Prestige Estates Projects that have reported higher sales in fiscal 2010-11 compared to the boom year of 2007-08……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Post recession many areas sprung up with claims to offer affordable homes and everyone hopped to grab the opportunity . Fixation with lesser prices was so high that no one enquired properly about the areas.
“The only thing that prevailed and mattered was the prices. The buyer forgot to stick to the main rule of real estate investment , that is, enquire before investing. They did not enquire about the area, the land title, turned a blind eye to the surroundings and invested because everyone was investing” , says Dujender Bhardwaj , director , JMD Realty Pvt. Ltd……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Sales of luxury properties have hit a sluggish patch in recent weeks. That is according to industry players who said that the segment has underperformed despite the overall property boom last year.
Analysts said most buyers of luxury properties, who are mostly foreign investors, are turning cautious about buying their next multi-million-dollar home, due to the uncertain global economy……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Land prices on the outskirts of the capital city have dropped sharply and transactions have cooled down, a development that has worried investors but been welcomed by experts who consider it a good sign as land prices approach real market value.
Land prices in many construction projects are falling, with those on the black market in Kim Chung-Di Trach new urban area along Highway 32 falling below 10 million (US$476) per square metre……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

The recent housing market slowdown won’t come as good news to many home owners and investors - particularly those hoping to sell. But self-interest aside, the lacklustre market has its upsides.
Research by RP Data-Rismark says housing prices in capital cities fell 0.3 per cent in April and 1.5 per cent over the past 12 months. The fall was by the upper end of the market, with the most expensive 20 per cent of properties down 5.4 per cent compared with a more modest 0.5 per cent fall for the least expensive 20 per cent over the year, while houses outside capital cities fell 1.8 per cent……………………………………….Full Article: Source

Posted on 06 June 2011 by Laxman |  Email |Print

Exchanged-traded funds have become more popular in recent years. These investments, which trade like stocks, are similar to mutual funds but with lower fees. While investors may use them to do short-term trades, let’s see how they have fared over the longer term.
We looked at best and worst eight performers among Canadian-listed ETFs with a three-year record to May 31. There were too few ETFS with a five-year history. U.S. dollar and leveraged ETFs were excluded……………………………………….Full Article: Source

See more articles in the archive

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930