Sun, Nov 23, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 11.Nov 2011

Posted on 11 November 2011 by Laxman |  Email |Print

Gerard MasonNew York has reclaimed its position as the world’s No. 1 city for commercial real estate investing, attracting $39.8 billion over the past 12 months, global real estate services company Savills LLC said in a report.
New York last topped the list in 2006, when the U.S. commercial real estate boom was near its peak………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

U.S. home prices fell in nearly three-quarters of metropolitan areas in the third quarter and the national median price dropped 4.7% as the housing market continued to show weakness.
The median price for previously occupied homes sold in the July-to-September quarter declined when compared with last year in 111 out of 150 metro areas tracked by the National Association of Realtors, the trade group said Wednesday. Prices rose in 39 metro areas………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

A growing number of Canadians are tempted by property bargains in the U.S., but are being put off by bad information about the possible tax pitfalls, according to David Altro, a lawyer and author of a book on the subject.
The baby boomer generation is looking for a warm place to retire and being lured by property at bargain-basement levels, making Canadians the biggest foreign investors in U.S. real estate………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

Shame on the Republican candidates for president. Shame on them for showing up at debate specifically targeting the U.S. economy with not one credible, rational, even reputable notion of what to do about the nation’s housing mess.
It baffles the mind that this sector of the economy, responsible for about 18 percent of the nation’s gross domestic product, is in freefall, and yet eight potential new leaders of this nation not only don’t understand the problem but don’t have a clue what to do about it………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

Concerns are rising that the Federal Housing Administration could run out money if the economy doesn’t recover soon, raising the risk the agency would seek a taxpayer bailout for the first time in its 77-year history.
Since the mortgage crisis erupted five years ago, the FHA has played a critical role in housing finance as private lenders retreated. It backs about a third of all new mortgages originated for home purchases, up from around 5% in 2006………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

Listings on a Craigslist-style website have mushroomed since the law was announced last week, with prices ranging from the tens of thousands into the hundreds of thousands of dollars, even a cool $1 million for an oceanside villa in the resort town of Varadero.
The law is the highest-profile economic reform yet undertaken by President Raul Castro, who has spearheaded a year of economic changes that has let Cubans go into business for themselves in unprecedented numbers, to legally rent out rooms and automobiles and even to buy and sell used cars………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

U.K. residential-property values will fall 2 percent next year as government spending cuts sap the confidence of would-be buyers, Savills Plc (SVS) said.
The steepest declines will be Scotland and northeast England, where prices will plunge 4 percent and 2.5 percent respectively, the London-based broker said in a report today. At the other end of the scale, homes in the U.K. capital will lose 0.5 percent of their value, Savills forecast. The market will start to recover in 2013, the company said………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

Land Securities, the UK’s largest listed commercial property company, has warned there is an increased risk of retailers collapsing because of the uncertainty in the economy.
The property company, which owns Cabot Circus shopping centre in Bristol, White Rose in Leeds and St David’s in Cardiff, said the outlook was “challenging” for retail because of a “larger than anticipated” and inflation-driven fall in households’ disposable income………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

Germany accounted for nine big retail deals in excess of EUR 150 mln in the first nine months of the year, or a total of EUR 3.7 bn, according to figures from PropertyEU. Just under half of the deals in the list were by cross-border investors. The bulk of the transactions took place in regional cities, particularly in the UK and Germany.
The Czech Republic accounted for no less than three of the top 25 retail deals in the first nine months of the year, or almost 10% of the total. With a total of EUR 741 mln, Czech Republic by far outpaced France which chalked up only one deal in the top 25 worth EUR 148 mln………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

The Budapest Property Market Index, a quarterly measure of supply and demand as well as market players’ expectations, measured 92 points in October, down 10.8 points from July, but 8.2 points higher than its low point reached in July 2009, CEO of economic think-tank GKI László Akar said on Thursday.
The index is compiled quarterly by economic think-tank GKI and professional journal Ingatlan és Befektetés………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

A sharp jump in activity may occur in the real estate market of Azerbaijan. Nusret Ibragimov, general director of consulting company MBA Group, says that presently many potential sellers and buyers of real estate took a waiting position in anticipation of future simplification of mortgage lending in the country.
“Expectations have led to a decrease in market activity. In the event that the country simplifies mortgage terms and increases minimum level of credit up to AZN 100,000 against current AZN 50,000, at least a 20% increase can occur in the activity of the real estate market,” Ibrahimov said………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

Greek house prices dropped 4.1 percent in the third quarter from a year earlier as property demand weakened.
Prices fell 4.3 percent in Athens and 6.7 percent in Thessaloniki, Greece’s second-largest city, the Bank of Greece said in a report on its website today. Prices dropped 3.5 percent in other cities and 3.1 percent in the rest of the country………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

A report by a Turkish real estate association says foreign direct investments in the sector has reached a two-year high in the second quarter of 2011 with $200 million. Warehouses, offices and shopping malls top the demand.
Foreign direct investment in Turkey’s real estate sector totaled $200 million in 2011’s second quarter, resulting in the highest amount of capital inflow in the past eight quarters………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

Egyptian property developers must change their business models if they want to unlock the benefits of government housing initiatives introduced in the post-Mubarak era.
Egypt, the Middle East and North Africa region’s most populous country, faces the biggest shortfall of affordable housing. The government has pledged to build 1 million extra units, but the global property investment and advisory firm Jones Lang LaSalle puts total demand for affordable homes at 1.5 million………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

Despite corporations delaying real estate decisions and facing renewed pressure to drive down costs in the face of economic volatility in Europe and the United States, prime office rents across 81 global markets increased by a further 1.1 per cent during third quarter (Q3)2011, according to the inaugural Jones Lang LaSalle Global Office Index.
Asia Pacific office markets experienced the highest rental growth of 2.5 per cent quarter-on-quarter. The Americas followed with an increase of 1.1 per cent in Q3. However, economic concerns in Europe have weighed down on markets and growth has come to a virtual halt in that region, from 2.1 per cent in Q2 to 0 per cent in Q3………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

The concept of rental yield is fast catching the imagination of investors in India, especially those in the metros. Investors invest in a property with a view to renting it out, so as to earn a fixed income. For retail investors, it is largely confined to residential properties, given their low investment capacity.
It runs with the weather as high interest rates and exorbitant prices deter them from investing as they result in less annual yield………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

October sales figures reported by Chinese developers confirm that the mainland property market is experiencing a sharp slowdown, in part because of an extended government campaign aimed at curbing earlier sharp price rises.
China Overseas Land & Investment , the largest Chinese developer by market capitalization, said on Thursday that property sales last month totalled HK$6.8 billion, down 6.6 percent from the same month last year………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

A significant number of property advertisements on rental websites such as Singapore-based Property Guru or Craigslist specify that no Indians, ‘PRCs’ (from the People’s Republic of China) or Malays be allowed to rent various properties. Some ads also specify that Japanese, Caucasian or Chinese tenants are preferred.
Although the number of listings with such requests varies over time, a recent search for rental ads on one property site that stated preferences against tenants from mainland China alone yielded an estimated 200 such listings from over the past month………………………………………..Full Article: Source

Posted on 11 November 2011 by Laxman |  Email |Print

New Zealand’s housing market is still limping along as buyers refuse to over-pay for properties, keeping the volume of sales muted.
The number of sales rose 28 per cent to 5,007 last month compared to October last year when the market was plumbing 20-year lows, but was 4.4 per cent down from September, according to the Real Estate Institute………………………………………..Full Article: Source

See more articles in the archive

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930