Fri, Apr 25, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 10.Jan 2012

Posted on 10 January 2012 by Laxman |  Email |Print

U.S. malls and shopping centers experienced a slight improvement in occupancy during the fourth quarter, a relief for landlords that have been battling lackluster demand from retailers for most of the downturn.

But data service Reis Inc. cautioned that any recovery remains precarious and the outlook for this year is mixed, given the clouds hovering over the economy. While some retailers are expanding—such as Forever 21 Inc., Dick’s Sporting Goods Inc. and Dollar General Corp.—landlords can expect more headaches from high-profile store closures by companies such as Sears Holdings Corp. and Gap Inc…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

Home prices are still falling across the country, but the leading trade association for home builders says there’s a growing list of rebounding local markets.

The National Association of Home Builders, along with real estate services firm First American, released its latest Improving Markets Index, which tracks a number of factors that indicate “signs of improving economic health,” including six months or more of increasing single-family home permits, rising home prices and increasing employment. Monday’s report shows the index – which is actually just a list of cities — growing by leaps and bounds, up to 76 markets from 41 in December and 12 in the index’s inaugural month, September…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

Nearly half a decade into what is arguably the worst foreclosure crisis in U.S. history, our central bank last week chimed in on how the Obama administration, Congress, and federal regulators can help revive the leaden housing market.
In an unusual move, Federal Reserve Chairman Ben Bernanke Wednesday sent a white paper outlining the problems facing the U.S. housing market to the congressional committees in charge of banking and financial services…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

Home prices fell for a fourth straight month in November as distressed sales continued to weigh on prices, data analysis firm CoreLogic said on Monday.

CoreLogic’s home price index fell 1.4 percent in November from the previous month. Compared with November of last year, prices were down 4.3 percent, steeper than the 3.7 percent year-over-year decline seen in October…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

Consumer expectations for U.S. home prices perked up in December, matching a modest fourth-quarter improvement in the U.S. economy, according to a monthly survey from mortgage market firm Fannie Mae (FNMA).

For its December reading, Fannie Mae said survey respondents now expect home prices to rise by 0.8% over the next year, up from the 0.2% gain predicted in November…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

Hundreds of handwritten signs stuck on doorways and in windows announce “se vende” or “for sale” in provincial cities and towns across Cuba as the island’s nascent housing market begins to bloom.

Buyers walk the streets looking at homes the whereabouts of which were passed along by word of mouth as sellers outside of Havana have limited access to the Internet or other means to advertise their sales…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

Brazil’s reputation, after a lulled period during the initial phases of the 2008 crisis, was fortified as a real estate destination well worth paying attention to – with a massive housing deficit, a well-capitalised banking system and several other solid economic fundamentals. Nevertheless, in an ongoing climate of global economic uncertainty, it would seem that no property market is immune.

Particularly over the last year, however, prices have reached levels that even the most bullish of onlookers are viewing with some trepidation…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

House prices continued to fall in December but activity in the market remained relatively firm, according to the Royal Institution of Chartered Surveyors (Rics).

Some 16% more surveyors reported that house price fell rather than rose in December, down from 17% in November and 24% in October. London remained the only area to see prices increase, while West Midlands and Yorkshire and Humberside reported the biggest drops of 47% and 43% respectively…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

Britain’s housebuilders are expected to underline the property market’s continued resilience into the new year, with six of the industry’s major players set to report over the coming fortnight that the new-build market remains slow but stable.
Persimmon kicks off the reporting round on Monday, followed by Galliford Try, Barratt Developments and Bellway, before Bovis and Taylor Wimpey report the following week…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

The UK residential market has lived through some extremely turbulent times over the last four years. Overall, prices are down less than 10% from peak although this varies substantially by location with some parts of London being at new highs and some employment-challenged areas continuing to fall.
Overall however, sensible buy to let investors that have invested in sound locations with tenants in good jobs and with good employment prospects have done very well with rental income growth and not suffered too badly in capital values……………………………………Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

London-based real estate firm Knight Frank tells World Property Channel that prices for prime central London residential property have risen more than 40% above the post-Lehman low reached in March 2009. This recent surge in growth means prices are now more than 7% higher than their March 2008 pre- Lehman peak.

Demand for prime London property in 2011, despite uncertainty resulting from the Eurozone debt crisis and on-going global economic uncertainty, outpaced supply and led to strong price performance…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

The commercial property market is predicted to stabilise this year. Property consultants CBRE have released their Outlook report outlining their predictions for the next 12 months. CBRE says it expects to see a notable increase in sales across all sectors of the market in 2012.

But it warns that the road to recovery will be a long one. And CBRE says the Government’s decision not reform the area of upward-only rent review will cause some retailers to re-assess their options…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, at “crisis levels”, according to brokers quoted in a report by television station bTV.

In 2010, a bid price a sq m in capital city Sofia was close to 1100 euro but in 2011 this decreased to 920 euro, according to the bTV report. The decline in Varna, Bulgaria’s main Black Sea city, was similar, the report said…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

Greek real estate prices are set to decline further in 2012, with the most conservative estimates putting the drop between 5 and 10%, as daily Kathimerini reports.
The impact is expected to be greater regarding older properties, which are in increasing supply. It is worth noting that, according to a recent Eurobank EFG report, Greek property prices are down 14% from their peak in the first quarter of 2008…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

The average closing price for home sales in Tel Aviv dropped 13% from the third quarter of 2010 to the third quarter of 2011, according to MNA Real Estate Research. This wasn’t just due to falling demand, it also reflected a shift of activity toward cheaper neighborhoods in the more rugged south.

MNA’s survey reveals that homebuyers in the city have recently been enjoying a better bargaining position, with sellers having to compromise. The decline in prices intensified toward the end of the year…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

Property sale and rental activity across Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah was minimal in the fourth quarter of 2011 as problems with electricity and water supply and sewage continued to slow the pace of supply, according to a recent report by Asteco.

The residential and commercial market was stagnant for the second half of 2011 and is expected to remain unchanged due a lack of new supply…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

The average rentals in Dubai, Sharjah, and Ajman witnessed a decline of about 10 per cent last year, according to real estate experts. Last year, there was gradual stability compared with the sharp rental decline witnessed in 2009 and 2010. During that period, property prices dropped between 40 and 50 per cent compared to peak prices in 2008.

Sharjah accounted for the largest share of the decline, with residential rentals declining between 10 and 20 per cent, while the decline in Dubai and Ajman ranged between 5 and 10 per cent…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

When you think of real estate, the image that comes to your mind is one of an unorganised industry run by some promoters and their family members in an unprofessional manner. But with so much construction activity happening in the past few years, that impression is slowly changing.

The real estate business in India has grown manifold in recent times, and companies have also increased their scale of operations. From doing just one or two projects, today, many companies are involved in multiple projects, often across many cities…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

Last year wasn’t the best for property developers in India, particularly for those in major cities like Mumbai and Delhi. High interest rates and inflation led to a drop in demand with many potential buyers opting to sit tight and wait for a better time to buy.

But with the Reserve Bank of India now pausing on any further rate hikes, will momentum return to the once red-hot sector? The BBC’s Supriya Menon’s been finding out…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

Home prices in China are likely to fall moderately in the first half of 2012 before stabilising in the second half as Beijing maintains market tightening measures, according to a report released on Monday by REICO, a research institute sponsored by developer.

Average home prices nationwide have declined since October, and government leaders have repeatedly said they want to pull prices back to a “reasonable level”…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

Economists warn that China’s property bubble could pop, resulting in a worldwide economic downturn, if current building and valuation continues.

Writing in the Philippine Daily Inquirer, former secretary of the Department of Trade and Industry Cesar Batista says China’s economic boom is wrapped up in real estate that is underutilized and does not provide long-term economic benefits…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

2012 has begun amid widespread concerns that this will be a year of reckoning for the Chinese real estate boom, with plunging prices, collapsing developers and a pile-up of bad loans in the banking system.

But many analysts aren’t ready to call Armageddon just yet. Despite indications of a slowdown — with many analysts predicting falling home sales and tight credit to continue well into 2012 — most signs point to only a moderate cooling, rather than a full-blown collapse, of the market in the year ahead…………………………………….Full Article: Source

Posted on 10 January 2012 by Laxman |  Email |Print

New Zealand property values extended gains in December, though government valuer Quotable Value says the outlook is a mixed bag for 2012.

National property values rose 2.4 per cent at the end of 2011 from a year earlier and are 3.5 per cent below the peak in late 2007, QV said in a report. Values in Auckland were 4.3 per cent better than a year earlier, and underpinned the nationwide gains as a lack of new listings and good housing for sale stoking demand for quality properties…………………………………….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