Fri, Aug 29, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 25.Aug 2011

Posted on 25 August 2011 by Laxman |  Email |Print

Simon RubinsohnWhile investor demand increases dramatically, the level of distressed properties coming to market is set to continue to rise globally, says RICS. The latest RICS Global Distressed Property Monitor reveals that over half of the countries surveyed anticipate a rise in forced selling of commercial buildings for the coming quarter.
Not surprisingly, the Republic of Ireland, Spain and Italy expect the highest number of foreclosures, while Brazil, Malaysia and Russia expect the lowest……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

Patrick NewportHome prices in the U.S. fell 5.9 percent in the second quarter from a year earlier, the biggest decline since 2009, as foreclosures added to the inventory of properties for sale.
Prices dropped 0.6 percent from the prior three months, the Federal Housing Finance Agency said today in a report from Washington. In June, prices retreated 4.3 percent from a year earlier, while increasing 0.9 percent from the previous month……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

The good news: The FHFA home-price index rose in June. The bad news: It’s still awful. The FHFA said its House Price Index rose 0.9% month-over-month in June, topping May’s 0.4% gain and solidly trumping the 0.2% economists expected.
But the gain masks the longer-term deterioration in prices, as demand remains at record low levels……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

The already-struggling housing market has another 15% decline in home prices already priced in, according to Stifel Nicolaus analyst Michael Widner.
Widner believes the sentiment is “overly pessimistic,” but “it is unclear to us what near-term catalyst might improve visibility.” He added that “unusually unclear visibility and lack of willingness to own the group given that lack of clarity” has kept valuations among homebuilders cheap across the sector……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

As an alternative investment, U.S. real estate may never look so attractive to Canadians again.
Sunny havens such as Fort Myers, Fla., have seen property values plummet as much as 50 per cent since the start of 2007, while the value of the loonie has soared about 15 per cent during the same period. Add to the mix near record-low lending rates – not to mention the capricious stock market – and you have conditions snowbirds wouldn’t even have dared to dream about just a decade ago……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

House prices may be up nationally, but affordability of the housing market hasn’t changed much yet in Canada this year, according to a new Royal Bank of Canada report.
Housing affordability declined in the second quarter of this year due to rising home prices and slightly higher mortgage rates, but it was not enough to slow any markets. That’s because housing still remains generally affordable in Canada, said the RBC……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

Toronto’s overheated real estate market is expected to cool through the fall and winter, which should ease bidding wars and lead to more moderate price increases into 2012, says a CMHC housing market outlook released Wednesday.
Affordability is becoming such a concern, especially in overheated markets like Toronto, that the report predicts higher demand for rental apartments and condos by aspiring first-time buyers who are finding themselves priced out of the market……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

Commercial real estate investors from Germany remain significant players in the European property market, but are increasingly focusing on their home market, according to the latest data from CB Richard Ellis (CBRE).
Germans were the second largest players in the European property investment market in the first half of 2011, accounting for 16% of total real estate investment activity in Europe……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

Denmark’s banks signaled they will resist a government plan to have Danes buy new homes before they sell their existing properties, arguing the proposal adds risk to an economy already stressed by a bank crisis and recession.
The minority coalition of Prime Minister Lars Loekke Rasmussen this week unveiled the plan in an effort to breathe life into the housing market after the number of properties for sale soared to a record last month……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

Greek residential apartment prices fell 4.5 percent year-on-year in the second quarter of 2011, driven lower by an economy deep in recession, the central bank said on Wednesday.
Downward price pressures continued after a 5.2 percent drop in the real estate price index in the first three months of the year. For the whole of 2010, apartment prices fell 4.7 percent following a 3.7 drop in 2009……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

The real estate market in Uganda is a gold mine awaiting good structures that can enable the players and public archive relentless returns for both foreign and local investors. The lack of statutes to recognise regulation and monitor performances means that a lot of the investments go unrecognised and the players are exposed to illicit acts.
To tax an industry that is without institutional structures will imply for high costs on tax collection and little returns on collections or taxing the minority because of the undetected majority. Growth suddenly slows down due frustrations……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

The commercial property sector, which has also been hit by the recession, is continuing to show signs of improvement as an increasing number of companies are starting to look for good commercial space.
But the ever-present debt problems facing Europe and the USA could put a damper on any sustained recovery. So says Org Geldenhuys, managing director of property development company, Abacus Divisions……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

Nakheel completed a Dh60 billion (US$16.33bn) financial restructuring yesterday and pledged to deliver almost 8,000 homes in the next year. The announcement is likely to cheer investors who have waited years for their properties to be finished while also adding to the supply pressure on the depressed property market.
“We don’t need more supply to come on to the market,” said Majed Azzam, an analyst at AlembicHC in Dubai……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

As real estate stocks continue to fall, some promoters are having a difficult time keeping pace with the loans they raised, with financial institutions (FIs) seeking more pledging against the amount.
Parsvnath Developers Ltd (PDL), the North India-based realty company promoted by Pradeep Jain, has seen a jump in the promoter’s pledging on a quarter-on-quarter basis……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

China is the most favoured country for property investors in the Asia Pacific region with US$5 billion worth of investment transacted in the second quarter of 2011while Australia emerges as top favourite with inter regional investors, a new report shows.
Sound domestic demand for real estate by occupiers and investors, combined with relatively strong corporate/household sector and high savings rates is expected to drive continued short term real estate markets’ performance for the remainder of the year, according to Jones Lang LaSalle’s latest Asia Pacific Capital Markets Bulletin……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

Rental prospects for the industrial property market in Singapore are the strongest in the Asia Pacific region, according to a report by DTZ Research.
The real estate advisory company said prime industrial rental growth between 2011 and 2015 is forecast at about 5 per cent for Singapore……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

We all know the story by now, too many people getting too many loans and buying too many property’s. When the music stopped on this ponzi scheme and the suckers that got in last were left holding the baby, property markets around the world crashed……or did they?
Well we know that it definitely did happen in the U.S. and Europe and I know for a fact that it didn’t happen in Australia as we recently had our home revalued and it came in just about where we thought it would and higher than where it was a few years ago……………………………………….Full Article: Source

Posted on 25 August 2011 by Laxman |  Email |Print

A downturn in Australia’s real estate market will add to concerns of a two-speed economy in the resource-rich nation. Mining profits are surging due to heavy demand from China and other fast-growing Asian countries, but consumer businesses and manufacturing have faltered under the weight of the swollen Australian dollar, which is trading near 30-year highs to the US currency.
It also could threaten foreign investors who have poured more than $20 billion into the market every year since 2004, on ………………………………………Full Article: Source

See more articles in the archive

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031