Sun, Oct 26, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 04.Oct 2011

Posted on 04 October 2011 by Laxman |  Email |Print

It turns out the rich are, in fact, different after all. While property markets around the globe continue to struggle as the economy stutters, home values in the most exclusive locations are still rising, fuelled by the unique tastes of the world’s richest people.
Prices for the most expensive properties jumped 10 per cent in 10 of the world’s biggest cities in the first six months of the year. This outpaced the overall market in the same cities, according to a “global billionaire index” tracked by the upmarket estate agency Savills……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

Calgary is listed as one of the prime markets in Canada to buy commercial real estate property, according to a global report released Monday. According to the Colliers International Global Investor Sentiment Survey, no single city or province dominates where investors plan to buy over the next 12 months.
“Investors remain focused on primary markets such as Toronto, Vancouver, Calgary and Montreal, but also Edmonton and Ottawa,” said the report……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

Housing isn’t just another industry: It’s a driving force for the entire economy. Residential investment accounts for up to a quarter of overall capital investment. House prices have a big influence on consumer spending — for every $1,000 the value of his house falls, a homeowner tends to cut his outlays by about $50 or $60.
And falling property tax revenues are decimating many towns and cities. How bad is it out there? New-home construction is running at less than a third of its pre-recession level; in August it fell again. ………………………………………Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

Take a good look around the United States of America, and you may just get the impression that all housing markets are not created equal. In housing as in the justice system, there appears to be two sets of rules in operation: one for the wealthy, and one for all the regular folks.
Consider this: it is an established fact that in some suburbs in America that have been devastated by foreclosures, that a beautiful, 3-bedroom home in a historically rich area can sell for well less than $7,000……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

For years, the mantra of American homeownership was to count on home appreciation. Every year like clockwork the value went up and houses were a growing source of wealth.
Now, more than three years after the housing market imploded, the tune is different. It may make sense for you to prove that your home’s value has dropped so you can file for reduced property taxes……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

The housing market remains a drag on the economy, but there are indications that it is finally starting to bottom. Prices have stopped declining, and there is even some sign of life in sales.
Not all the news is good, of course. New home sales dropped still further in August from July, falling to a pathetic 295,000 annual rate compared to the 1 million-plus in the good years. And housing starts fell to an annual level of 571,000 from 601,000 in July - that’s 12% below their August 2010 level……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

Real estate has already been whacked hard. It’s down 30% to 50% depending on where you look. But is that all there is? Is that the end of it? We don’t think so. The trends that worked so happily together to boost real estate to bubble levels have now become surly and uncooperative.
Household income is going down, for example. It is almost back to 1990 levels, erasing 20 years of gains. Who wants to ‘move up’ the real estate ladder when his income is going down?………………………………………Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

The market isn’t doing a very good job of cleaning up after the housing bust, more evidence that this is a place where government intervention could help.
Banks are taking ever longer to get houses through the foreclosure process, onto the market and into the hands of new owners. As of August, the average mortgage borrower in foreclosure hadn’t made a payment in 611 days, according to data provider LPS Applied Analytics……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

U.S. homeowners facing foreclosure were a record 611 days late paying their mortgages on average as legal disputes delayed bank repossessions, Lender Processing Services Inc. (LPS) said.
That was up from an average 599 days in July and 478 days in August 2010 for homes that had received a notice of foreclosure and weren’t sold or repossessed by banks, according to the Jacksonville, Florida-based real estate data company……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

Investors are skittish about real estate investments due to the beating the sector took over the past few years, but alternative-investment managers say real estate has some features that make it worth another look.
That was the message from a panel of real estate investment managers at the Investment News Alternative Investments Conference in Chicago Monday……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

European listed real estate, as represented in the GPR 250 Europe index, remained in negative territory (-8.2%) in September, following a 8.7% loss in August.
The individual country indices performances were as follows: Turkey 8.9%; Israel 3.7% (= Gazit Globe); Switzerland 1.9%; Poland -2.6% (= GTC); Germany -2.8%; Belgium-4.2%;………………………………………Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

Colliers International has released its 2011 Global Investor Sentiment Survey, which takes the pulse of property investors worldwide, measuring their appetite for risk, optimism, key concerns and sense of market cycles.
In Europe, 64% of investors surveyed reported they were more than likely to look to increase their real estate holdings. However, stock remained a concern with 49% reporting the supply of “for sale” property remained a key barrier to expansion and over 54% stating they were focused on core property with target IRRs of 5 to 10%………………………………………Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

Three quarters of banks actively lending for bigger-ticket UK commercial property deals in the quarter to end-September are based in the euro zone, with lenders and insurance companies likely to play a greater role, research showed.
William Newsom, UK head of valuation at consultant Savills, said 12 of the 16 lenders active in the UK commercial property market were based in the euro zone……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

A 1.4 billion pounds ($2.2 billion) deal between Royal Bank of Scotland and Blackstone to rid the bank of some of its troubled property loans may fail, robbing the industry of a template for similar transactions, three sources said.
The deal, code named Project Isobel, required debt funding from third parties of about 60 percent and was part of a move by RBS to reduce its estimated 80 billion pounds property exposure, after its government bailout during the credit crisis……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

Rural property prices in Scotland have doubled in the past decade, according to analysis from the Bank of Scotland. The average cost of a home in the country has increased from £79,104 in 2001 to £158,923 in 2011.
With a price rise of 101%, Scotland has seen a faster increase than Britain as a whole where the cost of a home increased by an average of 54%……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

Commercial rents across Dubai have stabilised with none of the major Central Business District’s registering a decline in the third quarter, compared to the previous quarter, according to Cluttons.
This is despite vacancy rates being on the rise, the real estate agency said. Average rents on Sheikh Zayed Road remained steady at Dh90 per square feet per annum in the third quarter against the second quarter……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

Fund managers have USD244.8 billion of real estate assets under management (AUM) in Asia-Pacific, according to the latest ANREV research.
The AsiaProperty/ANREV Asian Fund Managers Survey 2011 shows that the 54 respondents manage USD826.7 billion of real estate assets worldwide, of which USD244.8 billion is in Asia. The fund managers run 268 non-listed property funds in Asia and 722 globally……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

The current global scenario might be one of gloom, with markets in the US and in Europe on the brink of a double dip recession, but interest in Indian real estate is still high among global investors, said Carlo Barel di Sant’ Albano, chairman of the board of global property advisory firm Cushman & Wakefield.
“If a private equity player with a good track record comes up with a project in India, he will still find capital,” he says. Of course, the time taken to raise money has increased, as many international investors are averse to investing at the moment……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

There are signs of trouble in the China’s real-estate market, which has the potential to ripple across the Pacific Ocean and affect Vancouver housing prices. Writing on the American Perspective from China blog, Patrick Chovanec suggests that “China’s economy may be approaching a crisis”.
Chovanec, a professor at Tsinghua University’s School of Economics and Management in Beijing, adds that “one potential interpretation of this crisis is that China is entering the terminal stage of a bubble, and that what we are seeing are the early signs of a much broader collapse”……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

Singapore’s private residential property price inflation slowed slightly in the third quarter, the Urban Redevelopment Authority said in a report on Monday.
The private residential property index rose 1.3 percent from the prior quarter, slower than the 2 percent increase in the second quarter. The rate of growth continued to moderate for the eighth consecutive quarter since the fourth quarter of 2009……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

Singapore private home prices rose at a slower pace during the third quarter but resale prices for government-built apartments that cater to the mass market rose at a faster pace, indicating strong underlying demand for property in the city-state.
The Urban Redevelopment Authority (URA) said private home prices rose 1.3 per cent in July-September from the previous three months according to flash estimates, the slowest pace since the rally started two years ago……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

Recent data indicating a weakening housing market and slowing capital repatriation from China suggest the end of an eight-year bull run in the local housing market is near, Citigroup said in its latest research.
The report, released on Sunday under the title The Party is Over, said the local housing market has seen prices surge by more than 100 percent in some areas over the past eight years thanks to the nation’s low interest rates, limited land supply, continued money repatriation, increased foreign capital inflows and expectations of Chinese investment on better cross-strait ties……………………………………….Full Article: Source

Posted on 04 October 2011 by Laxman |  Email |Print

The latest data from property company Colliers reveals commercial investor confidence has increased in all centres nationwide compared with one year ago. Auckland commercial property confidence was at 28 per cent last month, a big boost from the pessimistic -17 per cent seen in September 2010.
Investors looking at commercial property in the Wellington region remained negative with -25 per cent confidence last month but this was an improvement on the -33 per cent reported a year earlier……………………………………….Full Article: Source

See more articles in the archive

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