Thu, Aug 28, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 08.Sep 2011

Posted on 08 September 2011 by Laxman |  Email |Print

Celia ChenFor those looking for a bright spot amid the barrage of depressing data recently, news that housing prices were up for the third month in a row might have buoyed morale a bit.
The latest data from the Standard & Poor’s/Case-Shiller home price index showed that home prices in the nation’s largest metropolitan areas ticked up 1.1 percent, on average, in June, following a 1 percent increase in May. Chicago and Minneapolis saw the largest month-over-month increases, both recording 3.2 percent increases in home values, on average. Even metro areas hit hard by the foreclosure crisis saw incremental gains: Atlanta posted a 1.5 percent increase, while Phoenix saw a 0.3 percent gain……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Paul DalesAugust was marred by a turbulent stock market and growing fears of a European debt blowup, not to mention a string of U.S. economic data that inspires little confidence that the country will avoid slipping back into recession.
Amid that backdrop, the S&P/Case-Shiller June index of U.S. home prices showed continued year-over-year declines last week, and while there were hints of stabilization , but there was some hint of stabilization as the national average increased moderately from May……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Three years on from the Lehman Brothers bankruptcy, it is safe to say that the deluge of commercial real estate (CRE) bargains that investors had expected from stricken banks in the US and Europe will not materialize.
Although the stand-off between balance-sheet lenders and potential distressed investors has eased over the past year (with several important portfolio divestments already executed and more coming to market) industry-wide recapitalization and deleveraging on both sides of the Atlantic have prevented forced selling and restricted the flow of dirt-cheap opportunities……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Canadian home sales may have accelerated in August, data from 11 metropolitan centers show.
Purchases reported by 11 regional real estate boards that have published August data increased 21.5 percent from a year ago to 19,811 units. The figures are not seasonally adjusted. Those markets, which recorded almost half of the country’s sales in July, had posted year-over-year growth of 15.9 percent that month, according to data released last month by the Canadian Real Estate Association……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

DBRS said that its outlook on the Canadian real estate sector remains stable following its second-quarter review. The stable outlook mainly takes into account the sector’s stable operating performance, ample liquidity, reasonable credit metrics and currently low interest rate environment.
The rating agency expects to see property-level cash flow growth to remain reasonable for the remainder of 2011. However, it remains skeptical about the growth pace over the longer term as Canadian real estate fundamentals could be exposed to slower economic growth going forward……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

European real estate markets may not have felt the impact of the recent market turmoil, but this is set to change, according to German real estate company IVG, which sees significant risk of another recession.
In its most recent ‘Market Tracker Europe’ newsletter, IVG said the recent decline of business climate indicators in Europe and the US, as well as the volatility of stock prices, pointed to “slow economic expansion”……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Cross-border European property funds recorded a fifth consecutive quarter of positive returns, delivering 1.2%, despite ongoing eurozone debt contagion concerns, according to the IPD pan-European Pooled Funds Index.
Reliable income returns across the portfolios have kept overall returns positive, despite values suffering due to the general uncertainty concerning the eurozone……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Renewed caution from occupiers had led to reduced activity across Europe’s main office markets, with the notable exception of Moscow, according to the latest EMEA Offices report from CB Richard Ellis (CBRE).
The report finds that uncertainty generated by the sovereign debt crisis and broader economic climate is affecting occupier behavior, with many choosing to roll over existing leases or take short-term expansion space as opposed to relocating, at least until clearer signs of recovery are evident……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

House prices dropped 1.2% last month, the Halifax said today, ending three months of price rises. The average price of a house fell month-on-month to £161,743 in August, although the “more reliable” quarterly change showed a 1% rise.
Martin Ellis, housing economist at Halifax, said prices and activity in the market should be stable over the coming months……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

U.K. homeowners shouldn’t count on making money from their property as the pace of price gains slows, according to Housing Minister Grant Shapps.
“Gone are the days where you buy a house for capital appreciation,” Shapps, a member of Prime Minister David Cameron’s Conservative Party, said in a Sept. 6 interview. “House prices can still go up, but they need to go up in line with or less than increases in average earnings for the long term.”………………………………………Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Managing your finances in retirement is not easy but it is made much more difficult by the vested interests of financial institutions and advisers.
Latest research from Safe Home Income Plans – Ship, the trade body for equity release – maintains that downsizing is not always a viable option – which is true. But then goes on to suggest that equity withdrawal could be a better answer. Well, it would, wouldn’t it?………………………………………Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Germany, despite having the largest real estate market in Europe, remains a difficult sector to break into for foreign pension funds due to high supply levels and a difficult regulatory framework, according to Standard Life Investments (SLI).
Mark Meiklejon, investment director at SLI, said the German real estate market was currently over-supplied and offered less flexibility than other European countries such as the UK……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Rotterdam and The Hague recorded significant investment turnover during H1 11, at €80 million and €107 million respectively, with Amsterdam in line with last year’s figures at €200 million, but Utrecht’s €67 million falling slightly lower.
International investors continue to show strong interest with net yields recorded at between 5.3% and 5.7%, according to Savills……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

PensionDanmark is investing DKK200m (€27m) in a residential property development in Jutland and expects to put between DKK1bn and DKK2bn annually into real estate over the next five years.
The DKK110bn labour market pension fund plans to build 111 new apartments in Vejle harbour on land it bought from the town council in December……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Property prices in Malta are falling, after a short-lived surge in the first half of 2010. Malta’s overall house price index dropped by 2.61% over the year to Q1 2011, according to the Central Bank of Malta.
When adjusted for inflation, house prices actually fell 5.04% over the same period……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Turkey’s Culture and Tourism Ministry have this week released data highlighting the country’s staggering tourist arrivals for the first 7 months of the year. According to the latest information, Turkey welcomed over 17 million holiday makers between January and July. This impressive figure represents an 11% increase in tourism compared with the same period last year.
Turkey continues to cultivate and grow its tourism industry in accordance with its ‘Tourism 2020 Vision’……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Lebanon’s real estate developers companies at the annual show at the Beirut International Exhibition and Leisure center said the days of Lebanese expats and Gulf Arabs buying up luxury Lebanese property at inflated prices are a thing of the past – at least for now. Today’s buyers are primarily Lebanese residents making conservative decisions on their property purchases.
“The demand is completely different than it was two years ago,” says Joe Kanaan, president of Sodeco Gestion, a Beirut-based real estate development company……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

The growth in rent-to-buy property schemes, where tenants can convert the rent they have paid into equity towards the purchase of their unit, has proven to be a popular way for buyers to get onto the UAE property ladder, analysts have said.
Aldar Properties, Abu Dhabi’s largest developer, this week launched a rent-to-own programme for units at its Raha Beach development……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Land acquired by private companies should not be covered under the land Acquisition Bill as this would lead to a sharp rise in land cost and affordable housing would become impossible, realtors’ body CREDAI said today.
“Land acquired by private companies cannot be subjected to Land Acquisition, Rehabilitation and Resettlement Bill, 2011. It will only increase the cost of land and concept of affordable housing will be defeated,” the Confederation of Real Estate Developers Associations of India (CREDAI) President Lalit Kumar Jain said……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

One of the issues concerning China has always been the investment into property. For the past two decades, local and regional governments have used property investment to increase their GDP figures in order to meet Central Government targets.
However, this has led to unhealthy reliance on property as a provider of growth, and many instances of corruption and collusion between officials and developers. China now has a massive property bank, spread across the nation, and the on balance sheet recorded assets of local governments have dictated that these have pushed prices in China up to astronomic levels………………………………………Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Singapore reported unexpected brisk sales at numerous property developments over the weekend. Keppel Land’s The Luxurie @ Sengkang, H2O Residences and The Meyerise all experienced an increase in sales.
The Luxurie @ Sengkang sold more than 180 units at an average price of $980 (US$811) per square foot. The project’s 622 units are mostly two bedroom and three bedroom units……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

The average office rental rate in the Philippines is much cheaper than anywhere else in Asia-Pacific but this segment is very lucrative because brisk demand from business process outsourcing (BPO) is driving growth at a “healthy” pace, experts from global property consulting firm Jones Lang LaSalle said on Wednesday.
Apart from office property, JLL sees bright investment prospects for upper mid-end residential assets or those worth between P15 and P18 million particularly in Bonifacio Global City and Makati, JLL country head David Leechiu said in a briefing……………………………………….Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

Leverage will continue to fall in the global real estate securities market, bringing down yields but lifting the sector’s overall outlook, particularly in Asia and selected European markets like Germany, according to Urdang.
Alan Supple, portfolio manager at BNY Mellon Asset Management’s global real estate investment specialist, said: “Markets generally have entered a lower return, less leveraged environment.”………………………………………Full Article: Source

Posted on 08 September 2011 by Laxman |  Email |Print

The Adventure Travel Development Index (ATDI) defines adventure travel as interaction with nature, interaction with culture and a physical activity - at least two and preferably all three of these in the same trip.
Researchers polled over 315 tour operators, travel writers, assorted tourism officials and hospitality industry experts and ranked countries on 10 factors including sustainable development, safety and security, health, natural resources, cultural resources and infrastructure……………………………………….Full Article: Source

See more articles in the archive

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