Tue, Sep 16, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 24.Jan 2012

Posted on 24 January 2012 by Laxman |  Email |Print

The underpinnings of a housing recovery are hiding in plain sight: sharp price declines, low mortgage rates and rising rents have made owning more affordable than renting in a growing number of markets.
Yet housing largely remains in a funk. The prospect of continued price declines—led by the oversupply of foreclosed homes—has deterred some potential buyers, while others can’t qualify for loans………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

Paul DiggleFalling home prices have sent many would-be buyers to the sidelines. If all goes well, record low interest rates and rising rents may soon prompt some of them to take a second look at buying.
Unfortunately, that’s a big “if,” according to Paul Diggle, a housing economist at Capital Economics. Much of the decision to buy a house still depends on your personal finances and preferences, your career or family life, or level of financial security………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

The United States should see “a significant recovery in the housing market” during 2012, Coldwell Banker Real Estate International chief executive officer Jim Gillespie told a conference this week in Louisiana.
As the leader of one of America’s biggest real estate agency group, Gillespie said that even though many property firms should still be concerned about the national market because the “perception” of the US housing market is still “awful,” he could see first-time buyers and investors playing an increasingly big role this year………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

2012 is looking promising for the beleaguered U.S. housing market. The National Association of Realtors forecasts a rise in overall home sales of 5 percent, to 4.5 million this year, and The Wall Street Journal recently reported that a number of hedge funds, including Caxton Associates LP, SAC Capital Advisors LP and Blackstone Group LP, are betting that the housing market will grow.
But that doesn’t mean all markets are created equal. According to the recent Home Data Index report by Clear Capital, 24 percent of 50 major metropolitan markets showed signs of stabilization in 2011, while others jumped dramatically higher or lower………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

The housing collapse has dramatically changed the nation’s foreclosure landscape. Neighborhoods boasting modern homes, cul-de-sacs and tree-lined streets in and around Western cities now dominate the list of the top 100 U.S. zip codes hit hardest by foreclosures and claim and comprise all of the top 10 spots, according to data generated for CNNMoney by RealtyTrac.
In 2011, Western states claimed 82 of the 100 worst hit zip codes with 38 in California and another 28 in Nevada………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

Sure it sounds like an oxymoron. But “working retirement” is a label describing the situation of more and more people. With Social Security retirement ages going up, companies freezing pensions, and investment losses in 401(k) accounts, the concept of a full retirement at age 65 or whenever is changing dramatically for the 77-million-person Baby Boomer generation. More and more retirees are opting to work, even into their 70s.
Accordingly, we have put together a list of the 25 top areas for a working retirement. They can be found in 21 states………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

When it comes to home sales, nearly half of New Yorkers surveyed say the real estate market has grown worse compared to a year ago. The same poll conducted by the Siena Research Institute found better sentiment looking ahead.
“Residents continue to say that it is a phenomenal time to buy but a very problematic moment to sell,” said Don Levy, director of the Siena Research Institute………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

Many people through no fault of their own fall into difficulties with their mortgage repayments. Sometimes they simply need a little time and an understanding lender in order to get back on track. Currently repossession proceedings do not start until borrowers have fallen behind with their payments for six months.
But a clause contained in an EU banking directive will require repossessions to begin after just three months, a move which has – it is said – been brought in to make banks more secure and reduce the likelihood of another banking crisis………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

Worsening economic conditions in 2011 enabled unlisted property funds in the UK to outperform equities and property REITs, but their performance remained sluggish compared with direct commercial property, according to a study by IPD.
IPD found that pooled property funds delivered 1.2% in the fourth quarter of 2011, as returns continued to slow, producing an annual return of 7.1%, while direct commercial property returned 8.1%………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

The British government’s plan to help reduce down payments for new homes to as low as 5 percent will give a boost to a homebuilding industry that’s learned how to survive a slowing economy and four years of stingy credit.
Mortgage lending is less than half the level of 2006, at the end of the housing boom, with buyers now required to pay as much as 25 percent of a home’s value up front………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

Britain is braced for a sharp rise in home repossessions as the consumer squeeze forces thousands of struggling families to the wall.
Low interest rates and lower-than-expected unemployment kept repossessions at relatively small numbers through the recession and they eased again as the country struggled into a tepid recovery………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

Mortgage lending increased for the fifth month running in December but the housing market faces a weak first half of 2012 as demand from buyers wanes and lenders raise rates, a leading trade body has warned.
The Council for Mortgage Lenders (CML) said the “challenging” economic outlook suggested “a weak first half for the housing market” despite the improving trend at the end of last year……………………………………….Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

The German central bank has declined to confirm that it has sold 50% of the €1.8bn Excalibur property loan portfolio inherited from the Lehman Brothers collapse to US private equity firm Lone Star.
In a statement, it said disposal of the highly complex securities used as collateral by the bank was “not yet complete”, but that it would not comment on ongoing business transactions………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

The cumulative gross take-up figures for Prague’s office market for 2011 reached a record 325,564 m², which is almost 52% more than in 2010, according to the latest research from Jones Lang LaSalle.
Eduard Forejt, Head of Office Agency at Jones Lang LaSalle, commented: “The 2011 figures represent the highest gross take-up in the modern history of Prague office market and have exceeded the previous best result from 2006 by more than 40,000 m²,” and he continues, “it is also by almost 100,000 m² higher than 10 years average take-up on the market.”……………………………………….Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

Jones Lang LaSalle, the world’s leading real estate investment and advisory firm, has released its “Top Trends for UAE Real Estate in 2012″. This is the fifth year that Jones Lang LaSalle has published its keynote research anticipating the major trends affecting and shaping the UAE real estate sector.
Alan Robertson, CEO, Jones Lang LaSalle MENA, said: “2011 was a difficult year for real estate investors with most sectors of the market moving in the favor of tenants, with lower prices and rentals.”……………………………………….Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

It will be a broader recovery for the Dubai residential market in terms of prices and rentals next year than just some pockets showing signs of stablistation this year, according to Jones Lang LaSalle (JLL).
“Residential market is close to bottom while prices are increasing in certain areas. We will see some recovery by end of the year, but the market sector as a whole will recover next year,” Craig Plumb, Head of Research, Jones Lang LaSalle Mena, said………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

For those aiming to buy or sell a house, land, building or other property can now easily find the price of the real estate on spot through a telephone call. Abdulkareem Al-Othman and his brother provide consultancy and advices about the real value of the property through their office Mubadarat Real Estate, which was launched about seven years ago.
Some people aim to buy or sell their house, while others are looking for an investment opportunity………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

The Chinese government’s announcement last week that growth for 2011 slowed only slightly to a still impressive 9.2% was greeted enthusiastically by the world’s stock markets. Investors also remain buoyant on China’s future.
They appear to be buying the official line that the gigantic property price bubble is gradually and smoothly deflating, posing little risk to an engine that’s so crucial to the future of global trade………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

Hong Kong’s property market threatens to become bubbly as underlying occupier demand fails to keep pace with out-of-kilter pricing, according to economists at Lombard Street Research.
Hong Kong property-price increases have outstripped those in Singapore and London, fuelled by monetary excess and a lack of other investment options………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

The Malaysian housing market is expected to pick up in the first half of 2012 with buyers and developers showing more confidence in the Malaysian market.
A Real Estate and Housing Developers’ Association Malaysia (Rehda) survey found that 79 per cent of the 148 developers who responded were optimistic of the first six months of this year compared with 81 per cent in the second half of 2011. Some 63 per cent said they will launch new projects in the first six months of this year, against 58 per cent in the preceding six months………………………………………..Full Article: Source

Posted on 24 January 2012 by Laxman |  Email |Print

The glut of property sitting unsold on the market means 2012 buyers could find reduced prices in capital city markets given vendors face lengthy blowouts in the number of days on market before sale.
Premium housing has recorded the highest blowout in the average time on market before sale, according to a RP Data survey. Perth’s Cottesloe houses are currently taking up to 160 days to sell, up by 74 days over the year………………………………………..Full Article: Source

See more articles in the archive

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930