Sat, Apr 19, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 17.Nov 2011

Posted on 17 November 2011 by Laxman |  Email |Print

Watching the U.S. home market struggle to rebound is like listening to children in the back of a car. No, we’re not there yet.

The National Association of Realtors reported that ten real estate markets are “leading the nation toward a general recovery and stability of the housing sector,” but myriad problems are going to weigh down the housing market for months to come……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

Joseph GyourkoGet ready for the prospect of another federal housing agency needing to raise billions of dollars, most likely through extra taxpayer support. The Federal Housing Administration, in its annual report to Congress yesterday, said independent actuaries give the agency 50-50 odds of having to raise money in the next few years because its net worth is close to zero. The FHA since the 1930s has been providing government guarantees on mortgages for low- and moderate-income homebuyers.

Until a few years ago, the FHA was a minor part of the housing market. Now, it guarantees more than $1 trillion in home loans……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

For-sale home inventories are dropping nationally while median sales prices are rising, according to new data released Wednesday, a rare but encouraging sign of renewed optimism in America’s feeble housing market.

Inventories declined 3.48 percent from September to October, according to Realtor.com, and are down 20.77 percent from one year ago. Median list prices, which have remained essentially unchanged since June, were up 2.65 percent nationally year over year……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

Some cash buyers are foreigners, who have never easily qualified for U.S. mortgages. Some are very-high-net-worth folks who have long favored cash for their multimillion-dollar trophy mansion purchases.
The increase in cash buying comes mainly from two other groups: real estate investors, who nowadays rarely qualify for mortgages at all, and older buyers (like the New York financial advisor) who could qualify for mortgages but don’t want to……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

U.S. homebuilders are feeling a little less pessimistic about the struggling housing market. But their mood hasn’t changed enough to signal a recovery anytime soon.

The National Association of Home Builders said Wednesday that its builder sentiment index rose to 20 in November. That’s the highest level since May 2010 and only the second month the index has been at 20 or above in two years. The trade group cited low mortgage rates as a chief factor…………………………………….Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

It’s a good time to be an apartment owner. And, with the housing market still struggling and few new apartments being built, it probably will remain lucrative to own apartments for several years.

That’s the rosy outlook that four chief executives of major apartment owners gave Wednesday during a panel discussion at the National Association of Real Estate Investment Trusts’ REIT World conference in Dallas……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

The Canadian housing market continues to defy those who have long predicted its collapse.It was just another set of numbers, but if anything the market seemed to pick up steam with October sales across the country the best they have been since January.

The upward push caused the Canadian Real Estate Association to slightly revise its predictions for 2011. The group now says sales will be up 1.4 per cent from a year ago, instead of 0.9 per cent……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

Europe is set to see a 20% drop in demand for office space over the next few decades, a new research report issued by Colliers International predicts.

Europe is witnessing a shrinking working population, creating a base case scenario of a 10% reduction in demand for commercial (office and industrial) space across Europe over the next 20 years. This will be followed by a further 10% decline over the subsequent 20 years to 2050……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

Just three European cities - London, Zurich and Paris - appear in CBRE’s ranking of the top 10 most expensive shopping destinations in the world.

New York remains the world’s most expensive shopping destination as retailers focus on the major fashion capitals, but as the eurozone crisis continues to impact consumer confidence, rents have levelled off in all global regions in the third quarter of 2011, according to new research from the global property adviser……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

The spectre of one or more countries leaving the euro is driving the wealthy in Italy, Greece and Spain into the relative haven of the London property market.

Security and stability are London’s big attractions, as well as liquidity and well-kept property registers. The euro zone crisis has accelerated a trend already being driven by the weakness of the pound……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

Banks are most positive by far about real estate lending in Austria than in any other country in Central and Eastern Europe. Austria took the top spot in an index of property financing sentiment in CEE recently compiled by global accountancy firm KPMG.

The country - added to the annual index for the first time - achieved a score of 1.36 out of 10, based on 10 questions put to lenders during the summer. The lower the score the higher the ranking……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

Retail investment in Italy, Germany, Poland and the Netherlands has increased in 2011 compared to last year as investors target prime stock, according to new research from adviser Savills.

Savills said that in Italy over 58% of investment deals have taken place in the retail arena so far this year, with retail in Germany at a 52% share, Poland at 49% and the Netherlands at 35%……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

Seven smaller cities in central Poland offer high retail investment potential according to recent analysis by Colliers International for their quarterly report, ‘Where to Invest in Poland – Map of Retail Gaps’.
The report identifies the retail investment gaps in smaller cities of Poland with populations between 30 and 100,000 inhabitants. Cities are analyzed in terms of both existing and planned modern retail supply, as well as economic indicators, such as unemployment rate and purchasing power……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

Turkey witnessed a rise in the value of residential property with average house prices rising by 0.73% in September 2011 compared to the previous month, the recent REIDIN.com index states, Zaman reported. It also showed that in the aforesaid period, rental values also increased by 0.90%.
According to data released by the Association of Real Estate Investment Companies (GYODER), property sales reaching 107,308 in the country in the second quarter of this year, an increase of 17.8% over the first quarter. GYODER also states that the construction sector in the country went up by 13.2% in the second quarter of this year. UN World Tourism Organization (UNWTO) also placed Turkey in the seventh position in the list of most visited global destinations……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

Q3 2011 sees Jeddah’s real estate market enjoy the effects of additional government funds for housing as prices increase in retail and residential space; office space expected to drop, though.
Expectedly, the King’s announcement of additional funding for the affordable housing sector has had a positive impact on the Jeddah residential market, as reported by Jones Lang LaSalle in its recently released report, “Jeddah Real Estate Market Overview – Q3 2011”……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

Retailers are increasingly focusing on expansion in Asia as the economic environment worsens across Europe. Whilst retail sales have turned negative in much of Europe, Asia continues to enjoy strong growth, with robust consumer demand sustained in a wide range of markets and more retailers turning their eyes eastwards as a result, according to a new report by Cushman & Wakefield.

The publication of the report on Wednesday coincides with the first day of the MAPIC retail real estate fair in Cannes……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

The Indian real estate sector is in a state of flux with changing economic scenario and proposed real estate laws. In the evolving environment, both buyers and developers are embracing change. Developers are coming up with new formats of properties to capitalise on the changing environment. Buyers are also becoming more discerning and demanding better quality and services from the developers.

Demand for real estate is driven by economic growth. As industries grow and purchasing power of individuals goes up, new homes, offices and shops witness an increase in uptake……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

The commercial property market in the country’s financial capital is veering towards a massive slowdown, with falling demand, rising vacancy levels and a scary oversupply.

Rising economic uncertainty around the globe is forcing international financial companies to put their India expansion on hold, hitting realtors in Mumbai. At the end of the September quarter, total commercial space stock in Mumbai rose 14% from a year ago to 81.6 million sq ft……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

Home prices in China’s four biggest cities have stalled since July and are set to drop after Premier Wen Jiabao this month pledged to maintain a one-and-a-half year battle to lower prices to a “reasonable” level.

Housing prices in Beijing, Shanghai, Guangzhou and Shenzhen, home to a combined 66 million people, fell from a month earlier by as much as 0.3 percent in October, data will show tomorrow, according to five analysts surveyed by Bloomberg News……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

It now appears that the Chinese real estate market will face an inevitable correction. Property prices in major metro areas have skyrocketed in the past decade, the result of a middle class that grew faster than available real estate, along with sky-high inflation statistics that make real estate an excellent store of value for Chinese investors.
In the future, one has to wonder whether a necessary correction in Chinese real estate could trigger a larger rally for silver and gold prices. Remember, it was only recently that gold contracts were available for purchase on the Chinese future markets—even as the government had touted precious metals as an excellent asset class……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

China’s tight credit environment is strongly felt in property markets in Beijing and Shanghai. Property sales volumes were down 23% in Beijing and slipped 80% in Shanghai compared to same holiday period in 2010, according to a recent report by Barclays Capital.

Barclays Capital predicts house prices will fall by as much as 30% in the current downward cycle……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

Confidence shaken amid falling property prices as real estate agents suffer sudden slowdown in top-tier cities, Hu Yuanyuan reports in Beijing.According to SouFun Holdings Ltd, owner of one of the country’s biggest real estate websites, prices dropped in 58 of 100 sample cities in October, with the month-to-month decline increasing from 0.03 percent in September to 0.23 percent.

The number of cities experiencing falls also set a record for the year last month……………………………………..Full Article: Source

Posted on 17 November 2011 by Laxman |  Email |Print

The proportion of people planning to buy a property in the next year is at its lowest since the start of the global financial crisis, a national survey has found. Not since official interest rates were almost 3 percentage points higher have so few Australians been planning to buy a home.

A regular survey of 900 people by the Commonwealth Bank and Mortgage and Finance Association has found that fewer than 17 per cent of people are planning to buy over the next year……………………………………..Full Article: Source

See more articles in the archive

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930