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Real Estate Briefing 03.Jan 2012

Posted on 03 January 2012 by Laxman |  Email |Print

Recent reports paint a mixed picture. In a sign of renewed demand, sales of existing homes hit a one-and-a-half year high in November. Still, home prices have fallen for 13 consecutive months and any recovery would come from a very low level.
In the past there have been false signs that the worst of the housing bust had passed, but if housing is finally improving, it could be a boon for investors. Here are targeted real estate plays for the new year………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

A house is only as good as its foundation. The same is true of the housing market. Unfortunately, its foundation, the housing-finance system, still has big cracks in it. Until those are fixed, any hoped-for recovery may prove difficult to sustain.
That isn’t to say housing won’t show signs of improvement. Recent data, such as new-home starts and existing-home sales, have offered some glimmers of hope………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

The United States will remain the top choice of most global commercial real estate investors in 2012, but the country has lost ground to Brazil which ranked No. 2 this year, according to a survey released Sunday.
While the United States offers the most stable and secure option in commercial real estate, investors said improvement in rent and occupancy growth and the repeal of a 1980 foreign investment tax would have the strongest impact on their investment decisions, according to the 20th annual survey of Association of Foreign Investors in Real Estate (AFIRE) members………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

With 2012 nearly upon us, many of us will be spending this week reviewing the events of 2011 and setting resolutions, goals or visions for what we’d like to accomplish next year. It will come as no surprise that the most common New Year’s resolutions fall into the categories of getting organized and getting fit — physically and financially.
Financial fitness includes getting your real estate business in order. But you can’t set up your real estate plans for the year in a vacuum. They must be done in context of what’s going on in the market. Here are four predictions about what that market context will look like in the coming year:……………………………………….Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

The National Association of Realtors is fond of saying that every housing market is different. Thankfully so — going into 2012 as many languish, at least a few are poised to thrive, from the Sun Belt and Capital Beltway to the busy Beehive State out West.
Despite Thursday’s encouraging sign that U.S. pending home sales rose 7.3% in November to their highest since April of last year, the nation’s housing malaise runs deep. Nearly 29% of homeowners with mortgages owe more than the house is worth, says real estate site Zillow………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

Just as housing was the first bubble to burst, sinking the American economy into crisis, a revived housing market could force some life back into the listless economy. The only questions are if and when the market will improve. Because it certainly didn’t this year.
Housing prices hit a low in 2011 not seen since 2002, losing an average of nearly one-third of their 2006 peak value and creating a “double dip” decline, according to the S&P/Case-Shiller National Price Index………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

Investing in income-generating real estate involves market data and a degree of subjectivity. One of the most important assumptions that a real estate investor must make when valuing properties is choosing an appropriate capitalization rate, which is the required rate of return on real estate, net of value appreciation or depreciation.
Put simply, it is the rate that is applied to net operating income, to determine the present value of a property………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

Builders have been consistent in their message to consumers: If you’ve been waiting for house prices to come down, you’re waiting in vain. As the industry gets set for the first business day of 2012 on Tuesday, the message is that prices will be going up.
For 2011, builders and their tradespeople and suppliers worked out agreements to ensure some semblance of normalcy during what can only be termed an erratic, frustrating year………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

Brazil’s property bubble should avoid bursting in 2012, a Reuters poll showed on Friday, forecasting real estate prices in Latin America’s largest economy would increase modestly after years of stellar rises.
The poll of 15 banks, research groups and business associations, taken over the past week, downplayed the risk of a sharp downturn, with a recent credit boom underpinned by a steady improvement in wages and affordability conditions………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

Europe’s sovereign debt problems and looming recession have pushed most European countries — except for a few, such as Switzerland and Poland — off the map for US property investors.
All European countries, except Switzerland, fell in the ranking of security and stability, according to the 20th annual survey of Association of Foreign Investors in Real Estate members………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

British investors have been warned that they face a lacklustre year in 2012 after share prices and property values recorded another dismal 12 months during 2011.
A poll of leading economists found that the majority expected Europe to return to recession next year – which would severely undermine this country’s economic fortunes………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

U.K. house prices may decline in 2012 as economic turmoil emanating from the euro area’s sovereign debt crisis pushes up unemployment and undermines consumer confidence.
The average cost of a home fell 0.2 percent in December from November, the first monthly drop since August, and values may drop “modestly” next year, Swindon, England-based Nationwide Building Society said in an e-mailed report today………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

The UK property market is likely to be even more depressed in 2012 than it was in 2011. Commentators and analysts expect sales to stay low - perhaps even lower than they have been in the past year.
And prices are expected by most observers to fall a little - though some predict larger drops of up to 10% in the coming 12 months………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

Estate agents at the top of the market – especially London – enjoy massive commissions on house sales. Yet many agents in the more depressed provinces genuinely struggle to survive.
The National Association of Estate Agents says about 20 per cent of agency offices across the country have shut since 2007, mostly in the Midlands and further north………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

House prices in Norway are likely to grow at a slower pace in 2012, owing to increased housing construction, the effects of the global financial turmoil and the tighter credit policy, the Norwegian Association of Real Estate Agents (NEF) said Monday.
Prices of houses are expected to grow at 4 percent in 2012, slower than the 9 percent growth recorded in 2011, the group said………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

Today, mortgage loan rates are affordable to people. According to market participants, due to several factors this segment is expected to revive significantly next year.
Kazakhstan’s mortgage market is expected to have some positive changes in 2012. According to experts, this will be due to an increased demand in the real estate market and other positive incentives………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

DS Securities & Investments is not overly excited about Central Bureau of Statistics data that show a rise in real estate sales and demand for November. They note that these data do not show a change in the housing market trend, and claim that housing prices will fall in the upcoming year.
“There was slight improvement in the real estate market in November, following the fall the previous month, which was apparently due to the holidays,” says DS macroeconomist Alex Zabezhinsky. Zabezhinsky also says that despite the rise in the number of apartments sold and mortgages taken, the increased supply should ultimately bring prices down………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

Total real estate transactions in Dubai rose by 20 percent in 2011 compared to the previous year, the emirate’s Land Department said. Transactions reached 35,297 and were valued at around AED143bn ($38.9bn) last year in Dubai. The transactions include sales, mortgages, ijarah, mortgage portfolios, deferred sales and other transactions.
Sultan Butti bin Mejrin, director general of the Land Department, said the figures for 2011 represented a 20 percent increase in the value of transactions compared to 2010………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

With the demand-supply gap continuing to have a drag on Qatar’s real estate market, the country is expected to witness the launch of $ 10bn worth projects in the next couple of years.
Market reports say at least 18,000 buildings, residential and the commercial, are under construction in Qatar. Of the proposed 160 towers scheduled to be launched by 2022, at least 13 towers would be completed in 2013………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

Real estate: It’s a global obsession, especially in Asia. Here’s a look at the homes in Thailand, Hong Kong, Australia, Indonesia, Vietnam and even Bora Bora that really got Scene readers clicking this year.
A Cool House in Cambodia: Belgian photographer John Vink spent years splitting his time between Europe and Southeast Asia, shooting photographs of refugees in war-torn countries. In 2009, he decided to build a permanent place in the hills outside the Cambodian town of Kep………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

With all economic parameters indicating a slowdown, real estate prices should moderate in 2012 making it possible for many people to buy an apartment. Similarly, an oversupply situation in commercial real estate should soften rentals in this sector during the year, feel experts.
“The near-term outlook for residential real estate market is likely to remain cautious, given the likelihood of low market sentiments. Key market indicators, including absorption and new launches are likely to remain low given the execution concerns,” Samir Jasuja, founder and chief executive officer (CEO), PropEquity, a real estate data and analytics provider………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

Owning a property is a major investment for Indians. The market is experiencing sluggish economic growth yet there are movements in real estate industry. With the end of 2011, People are eagerly waiting to know the real estate market of the Year 2012. Previous year, the demand and supply market was consistently low on record which is why it is now a big question whether the New Year market will bring boon or hindrance?
Prominent people and real estate analysts have expressed their viewpoints towards the market of 2012 such as:……………………………………….Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

China’s authorities have spent much of the past two years trying to engineer a slowdown in property prices. Now they have got one. What happens next?
If all goes to plan, this will be an orderly affair. Prices will continue to fall on a month-on-month basis, as they did in November, when more than half of the 70 biggest Chinese cities recorded declines. After another two or three quarters of this, the nationwide peak-to-trough fall could be in the order of 20 per cent, leaving prices about 30 per cent above their 2009 lows………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

Restrictions on China’s residential property market are causing it to experience its coldest winter in a decade. And analysts say 2012 will be an even tougher year.
By Wednesday, sales contracts for 9.4 million sq m of new homes had been signed in Beijing and an estimated 9.5 million sq m worth are expected to be signed by the end of the year, according to a report by the Beijing-based Centaline China Property Research………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

Sales of both new and existing homes in Beijing plummeted in 2011 as a result of the government’s efforts to cool down the runaway property market. New home sales in Beijing dropped 18.4 percent to 90,605 units in 2011 from a year ago, the Beijing News reported Monday, citing data from the city’s housing regulator.
In terms of square footage, sales slumped 22.4 percent to 9.56 million square meters last year, falling below 10 million square meters for the first time in six years, the paper said………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

The real estate market is feeling the effect of the worst floods to hit Thailand for 50 years. A number of industrial plants were shut down, homes were destroyed and a number of projects had to be abandoned. The severity of the flooding in Thailand is not yet known, but it is likely that damage will run into billions of baht for homeowners and developers. It will be some time before clear-up efforts begin and stalled projects resume.
The long term future for the property market is not as bleak as first thought as outside factors are helping and areas outside of Bangkok are benefiting………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

The housing market will continue to slump next year, Minister of Construction Trinh Dinh Dung said. The economic difficulties being experienced by the country will continue next year, despite efforts by the Government to curb inflation, stabilise the macroeconomy and ensure the social welfare of the people.
The Government does not expect to see high growth next year and this will directly impact the real estate market. These difficulties will continue into 2012, at least for the first six months………………………………………..Full Article: Source

Posted on 03 January 2012 by Laxman |  Email |Print

Shanghai, Mumbai, Hong Kong and Geneva are tipped to fall by between 10 and 20%. Property prices in prime central London went from strength-to-strength this year, but 2011 was more turbulent for the wider UK market.
There was also a divergence between the performance of prime markets around the world, as the global economic uncertainty weighed heavily on particular markets. Knight Frank’s research team set out what is in store for 2012……………………………………….Full Article: Source

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