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

Posted on 29 August 2011 by Laxman |  Email |Print

Tim LawlessUntil the US housing market starts to right itself it’s unlikely US consumers are going to gain too much confidence and without confidence the chance of economic recovery will remain a forlorn dream.
House prices are still down 32% from their 2006 peak and this is where the viscous cycle kicks in. Depressed house prices decimate loan-valuation ratios which triggers defaults but wannabe vendors can’t sell in a falling market……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

Leonard BaronPeople always ask, “Is it a good time to buy real estate?” The answer is always, “Yes, but it depends.” To make that determination, we first must understand the three most important words in real estate:
Long-term ownership: We buy property, whether a personal residence or for investment, in hopes we are financially better off down the road than we are today. The chance of that occurring is very low if one does not own real estate for at least five or more years……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

Commercial real estate vacancy rates have flattened, according to a survey conducted by the National Association of Realtors (NAR). Projections for growth in commercial real estate have been moderated, NAR said, because of weaker than expected economic growth and job creation.
“Disappoint economic growth in recent months means a slower recovery for most of the commercial real estate sectors,” NAR chief economist Lawrence Yun said. “Many young people, who normally would have struck out on their own from 2008 to 2010, had been doubling up with roommates or moving back into their parents’ homes.”………………………………………Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

Standard Life Investments, the global fund manager, has announced on behalf of its Select Property Fund, that the Alana II building in Brazil is now fully let to a range of high quality tenants.
Purchased in October 2009, the Alana II building is a 13-story office property located in Berrini, one of Sao Paulo’s most established office locations……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

While 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

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

Posted on 29 August 2011 by Laxman |  Email |Print

Commercial property investment turnover in Central and Eastern Europe (CEE) reached €6.9 billion by mid-August representing an increase of 20% compared to the whole of 2010 and making 2011 already the fourth strongest year in CEE history, according to the latest data from CB Richard Ellis (CBRE).
Poland and Russia remain the engines of growth in the region with over 70% of property investment volume (approx. €5 bn), while Czech Republic is close behind registering more than €1bn of property investment thus far in 2011 - an increase of over 50% compared to the whole of 2010……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

Tapping into the demand for new prime product in mature markets was a key theme in the European investment market in July. The largest office transaction recorded by PropertyEU Research in the period involved Canary Wharf Group linking up with Qatari Diar to redevelop the Shell Centre on London’s South Bank - one of the most sought-after development sites in the UK capital.
The pair are paying EUR 171 mln each to the joint venture that will redevelop the 21,000 m2 site……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

House prices ticked down on the month in August and weak consumer spending is likely to weigh on demand and prices for the rest of the year, property data firm Hometrack said Monday.
House prices fell 0.1 percent on the month in August, leaving them 3.7 percent below the August 2010 level, Hometrack said……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

Alarm bells are ringing over the health of the housing market after Hometrack, the property data company, forecast steeper falls in prices this autumn – with the latest figures showing a 3.6% annual fall in August.
Hometrack’s prediction will fuel the view of bearish commentators that UK house prices are still some way from the trough, despite falls of about 10% since the credit crunch……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

Figures compiled from the UK’s leading house builders have revealed that they have enough land to build 617,724 homes. Less than half of this land has been granted any kind of planning permission.
The figures have sparked fears among countryside campaigners that changes to the planning regulations proposed by the Government will allow a housing boom in the face of local objections – and that some of it could be on green belt land……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

Buying a home is now more affordable than at any time in the past 12 years, according to the Halifax Bank. That is, as long as a buyer is not looking for somewhere in London or other popular locations in the South East.
Home buyers spent 28% of their income on mortgage payments between April and June - down from 48% in 2007, the Halifax says. Scotland is most affordable area of the UK, with home owners spending 22% of their income on mortgage payments……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

Housing in Scotland is the most affordable in the UK following a sharp decline in mortgage costs over the last four years. The typical Scottish borrower now spends just 22 per cent of their average disposable earnings on their home loan, down from 38 per cent in 2007, Bank of Scotland research shows.
Mortgage payments account for a smaller proportion of average earnings in Scotland than anywhere else in the UK………………………………………Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

Switzerland’s property market remains strong. Prices of owner-occupied apartments rose 5.08% (4.45% in real terms) over the year to Q1 2011 .
Prices of single-family homes rose 4.37% (3.75% in real terms) over the same period. Apartment rents increased 1.44% (0.84% in real terms) over the year to Q1 2011……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

Rich Arab buyers are getting more interested in the waterside mansions and expensive houses by Istanbul’s Boshporus, according to the head of Sotheby’s Turkey. The recent political unrest in the Middle East and North Africa is also playing a role in drawing investors to safe havens such a Turkey, the executive says
Due to ongoing conflicts and clashes sweeping through Middle Eastern and North African countries, Arab investors are flocking to the Turkish real estate market to invest in luxurious residences and waterfront villas by Istanbul’s Bosporus Strait, according to the top executive of Sotheby’s local branch……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

South Africa’s independent property services company JHI Properties, has entered the Zimbabwe property services market with the acquisition of East African Properties. The Zimbabwean company has an existing property management portfolio comprising 48 properties that are a mix of industrial and retail.
JHI Properties African business development executive Neil Jarvey says these managed assets represent a total capital value in excess of US$40 million spread across Zimbabwe, but concentrated in the commercial hub of Harare……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

Could the answer to Dubai and the UAE’s troubled real estate market lie in a switch in target markets? The release of the annual statistical report from the Ministry of Finance has led Kipp to believe it might very well be the case.
According to the report, there has been a significant increase in the number of properties registered and held by GCC nationals within the UAE. The gross cumulative rates of GCC citizens owning property in the UAE rose to 34,029 contracts in 2010 compared to 29,425 in 2009……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

With their home markets in turmoil, large global investors such as Blackstone, Carlyle, Morgan Stanley, JP Morgan and the Government of Singapore Investment Corporation are actively scouting for and signing deals in the Indian property sector.
Take, for instance, the Carlyle Group, which has $153 billion in assets under management. The group invested $26 mn (Rs 117 crore) in former Citibanker Jaithirth Rao’s low-cost housing project ‘Vaibhava’ in Bangalore. The investment was made from the $1.04-bn Carlyle Asia Growth Partners IV (CAGP IV) fund……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

With the US and European debt crisis affecting sentiments across the world, the Indian real estate sector is likely to see a gloomy phase in the next 12 months and developers would face liquidity crunch, low sales and pressure on margins, consultant Jones Lang LaSalle said.
The country’s leading realty consultant pointed out that the projects would be delayed, unsold housing stock will rise and developers might have to offer new projects at 10-15% discount, all because of a slowdown in property demand……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

India will continue to grow and to have a shortage of housing and of commercial space. This trend will not be affected in a major way by recent events; the long-term demand trend is positive for Indian real estate consumers (such as homebuyers and office tenants).
In India, for example, many sources believe that the population living in cities will increase by about 400 million in the next 20-30 years. However, the investments in infrastructure such as roads, power, water and transit to accommodate them don’t seem imminent from the government or from real estate developers (having a very short return horizon)……………………………………….Full Article: Source

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

Posted on 29 August 2011 by Laxman |  Email |Print

The first real estate development project undertaken by a mainland Chinese group has received warm responses from potential apartment buyers in large cities of Shanghai and Beijing.
The Beijing Vantone Real Estate group teamed up with a constriction partner in Taiwan to launch a pre-construction sale for “Vantone Taipei 2011” — a collection of three high-rise holiday apartment buildings of 29 stories currently under construction on a hilltop of Xiaopingding in the Danshui district of New Taipei City……………………………………….Full Article: Source

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

See more articles in the archive

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031