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Real Estate Briefing 04.Nov 2011

Posted on 04 November 2011 by Laxman |  Email |Print

Jamie WoodwellU.S. commercial-property loan originations rose to the highest since 2007 in the third quarter as banks, insurers and government-backed finance companies increased lending, the Mortgage Bankers Association said.
New loans for commercial and multifamily mortgages climbed 98 percent from a year earlier and 10 percent from the second quarter, according to an index compiled by the Washington-based association. The group’s gauge reached 138, the highest since the last three months of 2007, when it was 275………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Ben S. BernankeFor the US economy, it all comes back to the housing market. A fresh emphasis on healing the housing sector by officials at the Federal Reserve, in the Obama administration and in state capitals reflects the view that a healthier real estate market would go a long way in strengthening the economy.
Fed Chairman Ben Bernanke said on Wednesday that the US central bank was considering buying more mortgage debt to jolt the broader economy onto a more robust growth path………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

These real estate investors are buying up properties as fast as they can, taking advantage of rock-bottom prices (and mortgage rates) with the knowledge that the markets have to recover at some point. While they wait, they’re making a pretty nice return on their investments as landlords.
Never have the pickings been better for Jeffrey Lehman, who has been buying condos, townhouses and single-family homes in South Florida and renting them out for decades………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Our goal in this profile is to help investors wade through the many competing ETF offerings available. Using our long experience as an ETF publication, and nearly 40 years in the investment business, we can help select those ETFs that matter and may or may not be repetitive. The result is a more manageable list of issues from which to view and make selections.
There is currently an expanding list of nearly 20 ETFs oriented to primarily REITs (Real Estate Investment Trusts) with more on the way. The following analysis features a fair representation of ETFs available………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Brookfield Residential Properties Inc. said its third-quarter results Wednesday “reflected continued strength in the Canadian markets while challenges remained in the U.S. markets.” Brookfield, a North American land developer and home builder with an office in Calgary, reported revenue of $644 million US compared with $655 million for the same period in 2010.
For the three months ended September 30, revenue totalled $228 million compared with $240 million for the same period of 2010………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Cuba announced a new property law Thursday that promises to allow citizens and permanent residents to buy and sell real estate — the most significant market-oriented change yet approved by the government of Raúl Castro, and one that will probably reshape Cuba’s cities and conceptions of class.
The new rules go into effect on Nov. 10, according to Cuba’s state-run newspaper, and while some of the fine print is still being written, the law published on Thursday amounts to a major break from decades of socialist housing………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

In a move that could reshape the Cuban economy, the government on Thursday announced a new law that allows for the sale of real estate. The National Assembly in August approved a plan to permit the sale of real estate, and the legislation itself officially was put on the books Wednesday. It goes into effect November 10, the state-run newspaper Granma reported.
The new law allows for the sale, exchange, donation and gifting of real estate even in cases of divorce, death, or the owner leaving the country permanently………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

European property deals in 2011 will likely near €140 billion (Dh714 billion) in total value, the highest since 2008, driven up by a string of big-ticket shopping centre deals against a bleak econ-omic backcloth, research showed.
Real Capital Analytics said transaction volumes in the nine months to end-September totalled €95 billion, up 21 per cent on the year-earlier same period, and dominated by deals in the German and Central European markets………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Prime CBD office rents across European office markets will continue to rise over the next quarter, with a 3.1% year-on-year increase expected in Q411, property services firm Savills said on Thursday.
London City, Lyon, Frankfurt, Brussels and Milan are forecast to be leading the way in terms of rental recovery, the broker added………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Growth in the value of offices, shops and warehouses slowed to 0.3 percent in the September quarter, from 0.5 percent in the prior quarter, with the stagnating economy hurting the country’s real estate market, research showed on Thursday.
The total property return, which includes rental moves and property values, was 1.8 percent in the September quarter, down from 2.0 percent in the preceding three months, Investment Property Databank (IPD) said in a statement………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Luxury-home prices in central London climbed the most in 13 months in October as overseas buyers seeking a haven from the sovereign debt crisis competed for a smaller number of properties for sale, Knight Frank LLP said.
Values of houses and apartments costing an average of 3.7 million pounds ($5.9 million) rose by an average of 12.5 percent from a year earlier, the London-based broker said in a report today. That’s the most since a 14.2 percent increase in September 2010………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Investors looking for property in popular ski areas may want to turn their attention to the French region of the Alps.
The Alpine Property Market Spotlight report from Savills highlighted some of the top locations in Europe in which to invest in real estate for the winter season………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Switzerland’s property market continued to boom in the third quarter, though the chance of a downward price correction remains low, according to an index measuring risk in the market.
The Swiss Real Estate Bubble Index reached 0.58 in the third quarter, compared with a revised 0.45 in the previous three months, but is still well below the level of 1.0, which is considered the threshold for risk emergence in the housing market, said UBS AG, which compiled the index………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Domestic investors are taking centre stage in Spain’s investment market, accounting for 66.2% of transactions in the first nine months of the year, up from 33.3% in the same period in 2010, according to international real estate advisor Savills.
Total volume in Spain’s investment market came to almost EUR 1.25 bn in the first three quarters of 2011, a fall of 52% compared to the same period in 2010………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Residential property prices in Bulgaria have fallen by 6.1% year on year, according to the latest third quarter figures from the country’s National Statistics Institute.
The average price of flats in the country was 901.32 leva per square meter between July and September. It means that in quarterly terms, housing property prices saw a decline of 0.8%………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Rental income from homes has come under new pressure in the quarter to September even as selling prices continued to rise, further depressing returns for investors who have bought residential property to let.
The latest housing survey by property firm Hass Consult reveals that homes in the upper segment were most affected in the period, shedding almost two per cent, implying that investors would be better off owning rental houses targeting the middle income segment………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

House prices in real terms are expected to continue to decline for the rest of the year and in 2012 on the back of rising headline consumer price inflation, which is forecast to marginally breach the 6% level by the end of the year and for part of 2012 according to Jacques du Toit, property analyst at Absa Home Loans.
Du Toit said that based on house price trends up to the third quarter, and prospects for the economy and household finances, nominal price growth in the middle segment of the market was forecast to be well within single digits for the full year, projected at between 2% and 2.5%………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Abu Dhabi, the emirate that bailed out Dubai in 2009, set out to avoid the pitfalls suffered by its Persian Gulf neighbor with a decades-long plan to replace oil revenue with industry and tourism as drivers of growth.
Now those plans need to be scaled back as companies behind some of the sheikhdom’s biggest developments cut jobs and postpone projects, said Ghassan Chehayeb, associate director of research at Dubai-based Exotix Ltd. Delays include beach-front apartments, the first office building that makes more energy than it uses and branches of the Louvre and Guggenheim museums………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

Commercial real estate sales in Asia Pacific increased 36 per cent q-o-q in the third quarter of 2011, although the bulk of the deals were completed in July and transaction volume tapered off in the following two months. Transaction volume in Asia grew by 55 per cent q-o-q whilst the Pacific was largely unchanged, according to CBRE’s Asia Pacific Capital Markets MarketView report for Q3 2011.
The total volume of cross-border acquisitions across the Asia Pacific region rose by 112 per cent q-o-q although this was largely due to Mapletree’s acquisition of Festival Walk in Hong Kong………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

The recent floods that have hit Bangkok and other parts of Thailand will have an impact on the real estate sector in affected areas. According to CB Richard Ellis (CBRE) Thailand, there will be changes to the demand among those looking for residential properties in Bangkok.
High-rise condominiums are likely to see increased demand, the organisation noted, while districts such as Lumpini, Silom, Sathorn and parts of Sukhumvit will be the top targets for buyers………………………………………..Full Article: Source

Posted on 04 November 2011 by Laxman |  Email |Print

The global real estate market has begun to feel the effects of the softer macro economic environment, finds the Q3 2011 RICS Global Commercial Property Survey. According to the report, more countries indicated fewer investment enquiries and development starts this quarter than in Q2 2011, while available space rose considerably across the countries surveyed.
In addition, negative sentiment colours the global outlook for Q4 2011 with almost two-thirds of countries reporting negative rental and capital value expectations and nearly two-fifths reporting an expected decline in investment demand………………………………………..Full Article: Source

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