Fri, Apr 25, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 27.Jun 2011

Posted on 27 June 2011 by Laxman |  Email |Print

The recent strip-mall rally may not have legs. The past two years have seen valuations of “strip” shopping centers soar. The sector was hit harder than most commercial property during the 2008-09 financial crisis, as bankrupt retailers shut and survivors scaled back expansion plans.
But after bottoming in 2009, strip-center valuations have jumped 45% and are now just 10% below their 2007 peaks, according to Cedrik LaChance of Green Street Advisors………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

The dream has changed. Chastened by the housing collapse, middle-class Americans want a different kind of home these days. The McMansion, with its eight bedrooms, five baths and 10,000 square-feet, is out. A more sensible housing solution is in.
The average size of new homes shrunk by about 5% from 2007 to 2010 and far fewer mega-homes are being built. The number of homes 4,000 square-feet or larger built in 2010 fell to 35,000 from more than 120,000 in 2007………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

Mark Carney, governor of the Bank of Canada, has chosen his weapons in a battle against a problem all too familiar to many Americans—a housing boom marked by rising debt and frothy real-estate prices in some markets.
Mr. Carney, like central bankers in other places fighting real-estate booms, is leaning on tougher regulations for banks and home buyers, rather than on higher interest rates, to prevent Canada’s rising housing prices from going too far………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

U.K. house prices fell for a second month in June as the growth in the supply of properties for sale outpaced demand, Hometrack Ltd. said.
The average cost of a home slipped 0.1 percent from May, the London-based property researcher said in an e-mailed report today. From a year earlier, values were down 3.9 percent. In London, prices increased 0.2 percent on the month……………………………………….Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

Central London luxury home prices will increase by 8 percent this year as overseas buyers take advantage of a weak pound, broker Savills Plc (SVS) said, reversing a November prediction that values would fall.
The average price of a home costing at least 3 million pounds ($4.8 million) and located in neighborhoods such as Knightsbridge and Belgravia rose 9.6 percent in the second quarter from a year earlier, Savills said. The quarterly gain was 3.4 percent………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

Royal Bank of Scotland is close to reaching a deal to offload 1.6 billion pounds ($2.6 billion) of toxic property loans, The Sunday Times said in an unsourced report.
The report added RBS would join with either Blackstone or Lone Star private equity firms to manage the portfolio……………………………………….Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

Slow and steady. That’s the snapshot of the Italian property market in 2009, according to the Agenzia del Territorio, Italy’s equivalent of the Land Registry. The Agenzia has just published its annual report on the Italian market, which analyses data from 2009. Some 1.347m transactions took place in the country last year - a markedly lower number than at during the property boom.
Concerns over equity and a gap in buyers and sellers’ price expectations both conspired to depress sale volumes, which were down 11.3% over the previous year. In 2008, the annual drop had been of 13.7% over 2007………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

Dubai has established a commercial corporation to own and manage all properties registered in the name of the government, state-run news agency WAM said on Sunday.
Dubai Real Estate Corporation will have financial and administrative independence, WAM said, will be able to contract with third parties, and will be open to sue and be sued………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

Residential rents in Sharjah may fall further this summer because of increased competition among real estate companies and landlords. However, the decline will be less than that of last year, say realty experts.
Rents in Dubai and Sharjah declined in the first five months of 2011 compared to the same period last year due to an increase in the number of housing units in the market and various promotional schemes, according to a report in Emarat Al Youm………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

Aimed at property investors as well as young Omanis looking for their first move in real estate, Aqar’s recently launched Rimal housing project sold 75 per cent of its properties in its first two weeks on the market.
Muscat Daily spoke to Aqar chief executive officer Mohamed al Khonji about Muscat’s property market, land and building materials prices and what customers have learnt from the earlier property boom………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

Real estate market is heading for a steep fall in the coming quarters. Lack of buying interest at the current exorbitant prices and rising cost of funds both for developers and customers have reduced activity in the market to a trickle. While most developers are resisting cutting prices, they can do little to push sales at the going rates.
After a moderate correction in 2008 following the global financial crisis and slowdown at home, real estate prices climbed back in 2010, with some sectors regaining and even surpassing old peaks………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

China’s property boom is shifting from Beijing and Shanghai as government measures to curb the market haven’t kept prices from rising in secondary cities.
New home prices rose in 67 of 70 cities in May led by smaller centres as developers hold off price cuts, even as existing home prices cool following higher interest rates and down-payment requirements. Standard & Poor’s on June 15 cut its outlook on Chinese developers, echoing concerns of a property bubble aired by bears such as hedge fund manager Jim Chanos………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

Most Chinese real estate developers kept their distance from repeated appeals by officials to accelerate the country’s affordable housing construction that aim to rein in the runaway property market, according to a report released Sunday.
Only 30 out of 100 housing developers had participated in the affordable housing construction from 2007 to 2010, underlying property companies’ reluctance to undertake a less profitable investment, said a report on Chinese realty firms’ social responsibility, which was released by the Ministry of Housing and Urban-Rural Development (MOHURD)………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

Protestors are on the streets all around the world these days. In Europe people are angered by harsh austerity measures, in the Middle East they are trying to topple failed governments and on the mainland protests are invariably sparked by some form of brutality — driving over a protestor in Mongolia or pushing around a pregnant street vendor in Guangzhou. The world’s masses seem to be taking to the streets.
Except in Hong Kong, where life goes on in its disconnected-from-the-woes-of-the-rest-of-the-globe bubble, which is of course encapsulated in another bubble: the housing one……………………………………….Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

The commercial and office property sector in Singapore is set to outshine Hong Kong’s in the medium term. This is according to analysts, who expect dramatic increases in office rents in Hong Kong over this year and the next.
Based on research from property consultancy Savills, Grade A office rents in Hong Kong will increase at a rate of 25 per cent this year. This is compared to 10 per cent for Singapore. By 2013, however, office rentals in both economies are forecast to grow at 10 per cent………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

Australian house prices are unlikely to fall dramatically over the next two years, according to a new study, with steady residential property prices forecast through 2011, and prices in some capital cities even tipped to show moderate growth.
According to a report by BIS Shrapnel, Residential Property Prospects, 2011 to 2014, the residential housing market, which weakened in 2010, is expected to improve from 2011/12………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

Growing opportunities in Australia’s second most populous city, Melbourne, are drawing Asian property developers to expand their footholds there.
Its vibrant city life, booming financial services and education centres, growing population and housing shortage are factors that drive developers and investors into the Melbourne property market………………………………………..Full Article: Source

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

Posted on 27 June 2011 by Laxman |  Email |Print

Credit rating agency Standard Poor’s says the Christchurch earthquakes will triple the price of reinsurance covering property. Standard Poor’s says rates will be renewed from next month, and will more than triple in some cases for New Zealand-only placements.
The agency says major insurers have already raised their prices by 20% for property-related cover to recoup some of the reinsurance price increases. Standard Poor’s says that, despite the uncertainty, it does not expect any major insurers to have their credit ratings downgraded………………………………………..Full Article: Source

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

See more articles in the archive

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930