Wed, Apr 16, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 04.Aug 2011

Posted on 04 August 2011 by Laxman |  Email |Print

Jeremy KellyThe world’s commercial real estate markets as a whole racked up net absorption and steady leasing volumes during the second quarter even as economic uncertainty dogged the markets, according to researchers at Jones Lange LaSalle.
On the investment front, transaction volume in 2011 is on track to exceed the company’s previous projection of $440 billion for the year. Jones Lang LaSalle published these and other findings today in the latest Global Market Perspective, which assesses the impact of economic forces on the world’s major real estate markets each quarter……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Global listed property was the only major asset class to post a gain over the June quarter, according to the latest sector wrap-up report from Morningstar.
The index that measures the performance of global listed property, the UBS Global Investors ex-Australia AUD Index, was up 4.6% over the three months, contributing to a stunning annual performance of 36.6%……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

For three years, the real estate market has been going in one direction—primarily down. Some areas, however, have begun to recover.
Recent S&P/Case-Shiller data show that among the top 20 housing markets in the U.S., 18 had very modest improvements in sales prices during May. Others, like Washington and Boston, have began to at least stabilize from a year ago……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Dragged down by such anchors as a bulging pipeline of foreclosures and a dearth of buyers, it will be many more months - if not years - before a housing market rebound takes hold.
Symptoms of the limping U.S. economy, primarily an unemployment rate above 9% and weak consumer confidence, along with much stricter lending rules, have helped keep buyers scarce……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

The U.S. housing market, like most of the economy currently, is a bit of a mess. People are looking for any way to help make it easier for them to pay for their house or purchase a new home. One thing that can help get you a better loan is applying for an Energy Efficient or Energy Improvement Mortgage.
An Energy Efficient Mortgage (EEM) is a mortgage that credits the home’s energy efficiency in the mortgage itself……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

The United States housing market is attracting high levels of interest from Australian investors, with the strong dollar and lacklustre market conditions presenting good buying opportunities.
Additionally, with profound changes in the nation’s demographics and attitudes towards home ownership, the apartment market, in particular, is promising investors strong returns……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Home prices increased 0.7 percent nationwide in June compared to the previous month. The increase marks the third consecutive month of rising home prices, according to CoreLogic.
Despite consistent month-over-month increases, home prices were still lower in June 2011 than they were in 2010. Across the country, home prices in June were down 6.8 percent compared to the same time last year……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Roustam Tariko, owner of Russian Standard Bank and Russian Standard Vodka, completed the most expensive home purchase in Miami Beach since 2006 when he bought a $25.5 million estate on Star Island in April.
The transaction made Tariko the neighbor of another wealthy Russian with a taste for Florida luxury living. Vladislav Doronin, chairman of Moscow-based real estate developer Capital Group, paid $16 million in 2009 for the home previously owned by Shaquille O’Neal, the now-retired professional basketball player……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

The Canada Pension Plan Investment Board is investing in U.S. apartment buildings, a residential real estate sector that has managed to perform well as the broader housing market crumbles.
CPPIB invested about $300-million to buy stakes in eight U.S. buildings. Apartment buildings are seen as relatively safe cash-generating investments, because weakness in the housing market drives former home owners to rent……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Vancouver’s hot real estate market showed signs of easing in July, with sales falling 21 per cent compared with June and prices holding steady after almost two years of steady increases.
The Real Estate Board of Greater Vancouver said there were 2,571 sales in July. That’s below the 10-year average, but still a 14 per cent increase compared with July 2010. The number of listings increased slightly, up 0.8 per cent from June……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Europe’s troubled commercial mortgage-backed securities market continued to struggle in June with more than 100 underlying loans in special servicing, and 128 of the bonds backed by those loans having their credit ratings cut, data showed.
Credit ratings agency Standard & Poor’s said 101 commercial property loans over 52 European CMBS were in special servicing at the end of June, breaching the 100 mark for the first time……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Real estate investors are in danger of underestimating the risks associated with the European sovereign debt crisis, according to Joe Valente, head of research and strategy at JP Morgan Asset Management (JPMAM).
In a new research paper, Valente warns against assuming that negative repercussions will be confined to peripheral Europe……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Property companies Taylor Wimpey and Rightmove both reported positive financial results yesterday, but warned of continuing sluggishness in the housing market.
Taylor Wimpey, the UK’s second-largest house builder, reported a 31 per cent jump in first-half pre-tax profits. Although revenues fell by 28 per cent to £818m following the sale of the group’s US and Canadian business, pre-tax profits soared to £28.9m, from a loss of £2.3m in the sameperiod of last year……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Retail operator Capital Shopping Centres (CSC) has warned that economic headwinds could provide Britain’s commercial property sector with significant hurdles to overcome in the months ahead.
Announcing a 32 per cent rise in rental income during the first half of the year, CSC chief executive David Fischel expressed confidence in his company’s ability to withstand further sluggishness in the economy……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Rightmove, the property website, saw its half year pre-tax profits jump by 17 per cent as estate agencies spent more on advertising to attract customers in a challenging housing market.
The company’s pre-tax profit rose to £28.7m in the year to June, compared with £24.5m in the previous year. Revenue was up 20 per cent at £47m……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Alain Taravella recalls how in late 2008, as France’s real-estate market slumped, he began doubting his biggest corporate acquisition. A year earlier, he’d bought apartment and office developer Cogedim from investors led by Italian insurer Vittoria Assicurazioni SpA.
He outbid General Electric Co. and billionaires Bernard Arnault and Albert Frere to seal the deal………………………………………Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Real estate investors often think that a portion of a portfolio should be positioned in physical assets. However, Dutch pension fund ABP believes investing its massive €21 billion property allocation indirectly offers the best protection against volatility.
The €239 billion fund was founded in 1922 and represents workers in service of the Dutch government and the country’s educational sector………………………………………Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Slovak residential property prices dropped 0.6 percent in the second quarter, a third consecutive decline, as government austerity measures hurt demand and employment has failed to recover, the central bank said.
The average price for residential property dropped to 1,256 euros ($1,798) per square meter (10.8 square feet) from 1,264 euros in the first quarter, the Bratislava, Slovakia-based Narodna Banka Slovenska said today on its website. On an annual basis, prices fell 2.9 percent……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Nominal house prices had grown by 211.6 percent from June 2000 until last month despite the significant cumulative downward adjustment in price levels since the peak of the residential property boom in 2008, FNB Home Loans said.
House prices, adjusted to take into account the impact of inflation, were 66.2 percent higher in June than they were 11 years earlier, it added……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

The value of property deals in Jordan rose 31 pct to 3.8 billion dinars ($5.4 bln) in the first seven months of the year on strong demand for apartments in the capital, official data showed.
“The residential housing market of mainly small apartments … these are the engines behind the current boom,” said Mohammad Afifi, managing partner of Century 21 Jordan, a franchise of the US-based property consultancy……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Lebanon’s once booming real estate sector is now seeing a sharp drop in sales in the first six months of this year as the economic slowdown, deep political rift and regional tension ravages most tourism, trade and construction industries.
According to figures released by the Directorate of Real Estate, real estate activity in Lebanon during the first half of 2011 fell by 18.6 percent relative to the same period in 2010 with a total of 37,386 transactions……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

King Abdullah’s recent pledge to spend 30% of the Kingdom’s annual economic output (approximately US$130 billion) on mass housing, job creation and training, unemployment benefits and a raft of other social and economic measures has been welcomed with great enthusiasm.
However, as the supply and demand gap continues to widen in the housing sector, affordability remains the key deterrent for home ownership amongst Saudi nationals………………………………………Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

Office rents in Beijing and Jakarta rose about 15 per cent in the second quarter from the previous three months, the fastest among 27 Asian markets, property consultant Jones Lang LaSalle said, as tight supply and strong corporate growth lifted prices.
Rents also rose in 13 other cities in the quarter, but was unchanged or fell slightly in the other markets. Tokyo, for instance, saw a 0.4 per cent drop in prices following its tsunami and nuclear crisis, the consultant said in a quarterly report………………………………………Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

The real estate industry is divided over the impact of the proposed foreign direct investment (FDI) in multi-brand retail.
Some claim it would result in increased demand for commercial real estate, while others say there would be minimal impact in the short term. Also, the growth in e-commerce will ease the pressure on real estate demand……………………………………….Full Article: Source

Posted on 04 August 2011 by Laxman |  Email |Print

A new survey says that Singapore residents still expect property prices to continue climbing this year, contrary to what many had been predicting. Most of the respondents indicated a preference for alternatives such as commercial property and overseas investments, according to the data from PropertyGuru.com.sg.
While the survey itself will not have an impact on the market, it does act as a temperature check, said the website’s co-founder and CEO Steve Melhuish……………………………………….Full Article: Source

See more articles in the archive

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