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Real Estate Briefing 30.Jan 2012

Posted on 30 January 2012 by Laxman |  Email |Print

Ingo WinzerA majority of Americans recently surveyed say now is a good time to buy a home. That’s no surprise, given that record-low mortgage interest rates and bargain home prices are boosting affordability.
But selling a home? That’s a different story. According to 71% of the 1,000 people surveyed by Fannie Mae in December, now is a good time to buy a house. But only 11% think it’s a good time to sell………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

The New York Federal Reserve said it has sold $7 billion in residential mortgage-backed assets acquired in its AIG bailout to Swiss bank Credit Suisse (CS.
The New York Fed did not disclose the amount paid for the assets, part of a special portfolio created in the 2008 rescue of the American insurance and financial services company. The assets were sold through an auction, it said in a statement………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

Why are housing prices falling when the number of houses on the market continues to decline? Usually, when supply shrinks, then prices rise, right? So, why isn’t that happening now?
The reason is that housing market never completely cleared, which is to say that the Fed’s interventions and the manipulation of inventory by the banks prevented the market from finding a bottom………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

The Washington apartment investment market is one of the strongest performers in the nation, driven by strong market fundamentals and an outlook of continued growth in rents amid restrained supply.
Local investors as well as national real estate investment trusts and foreign investors are searching the market for buildings and complexes. Per-unit sales prices have rebounded to their 2007 levels, as cap rates have continued to decline………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

The volume of commercial property investments traded in the main Western European markets rose by 7% between 2010 and 2011, according to a report by international adviser BNP Paribas Real Estate.
Total investment volume in 2011 amounted to EUR 38.7 bn in the nine primary markets studied by BNP Paribas Real Estate, revealing a 7% increase compared to the previous year………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

Take-up of office space in the main office markets in Western Europe dropped slightly in Q4 2011 on a rolling year basis compared to Q3 2011, according to the latest research by BNP Paribas Real Estate.
The leading international property adviser’s Q4 market report shows the greatest level of activity was in the German cities of Frankfurt, Berlin, Munich and Hamburg, which recorded strong demand for offices in the year’s final quarter as throughout the year. The average vacancy rate of the nine major markets recorded a third consecutive fall in Q4 2011………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

Capital flows into European retail property continue to follow economic performance, with Germany and those markets positioned outside of the Eurozone clear favorites with investors, according to the latest data from global real estate adviser CBRE.
European retail property investment grew to €9.4 billion in the final quarter of 2011 (Q4), bringing the annual total to €37.2 billion………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

The number of institutional investors expecting to make future investments in real estate debt funds has almost doubled compared with last year, according to INREV, which is looking into the feasibility of a dedicated fund index.
The association for the European non-listed real estate funds industry found that 41% of its investor members were ‘likely’ or ‘very likely’ to commit to debt vehicles, up from 23% last year………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

Highly specialised non-core investments are gaining traction as alternatives to traditional property types, according to the annual Emerging Trends in Real Estate Europe report published by the Urban Land Institute and PricewaterhouseCoopers.
Recommendations for longer-term non-core investments include: solar energy parks and wind farms, identified by interviewees as a growth business; gas storage facilities; and healthcare, hospital and data centres, which offer appeal as a stable income stream………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

Small rise in London prices offsets declines in other regions, after falls of 0.2% nationally in November and December. Britain’s housing market got off to a slow start to the year as the usual seasonal slowdown was exacerbated by weak consumer confidence.
House prices were flat in January, after falls of 0.2% in November and December, according to a survey of 1,500 estate agents and surveyors by the property analysis firm Hometrack. Nationally, prices have not risen month-on-month for a year and a half………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

House prices across England and Wales remained flat in January – the eighteenth consecutive month prices have not increased, according to new figures.
London saw a small 0.1% rise in prices, which has offset falls in other regions. And this trend looks set to continue through 2012, according to Hometrack, thanks in large part to the Olympics………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

Analysis of top property markets by PricewaterhouseCoopers finds London struggling to retain status as gold standard of real estate. Istanbul, Munich and Warsaw are the new hotspots for property investors and developers, as much of Europe remains mired in a vicious cycle of low or no growth, mounting debt and drastic austerity measures.
London – usually seen as the gold standard of real estate – has lost some of its allure and is now just hanging on at the bottom of the top 10, according to a report by PricewaterhouseCoopers and the Urban Land Institute………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

Over half of the cities surveyed in the annual Emerging Trends report on European real estate recorded a lower investment score than last year, including major markets such as London, Frankfurt, Copenhagen, Madrid and Rome. The top-ranked cities in the survey tend to be either in western or northern Europe, or growing regions to the east.
For the second consecutive year, Istanbul ranked first for both investment and development………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

Real estate companies across cities, pushed into a corner, have kicked off plans on an unprecedented scale to sell assets so they can trim their bulging debt and generate cash flows.
About a dozen large developers, including the country’s top realty firm, DLF Ltd, are raising about Rs.15,000 croreby monetizing their assets……………………………………….Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

An estimated Rs 7,800-crore of big-ticket property deals sought to be put through in this city by companies and government bodies here haven’t been moving forward. Sector insiders and analysts say this is due to combination of slowing property markets and liquidity issues.
The companies involved include DLF, Alok Industries, National Textile Corporation (NTC) and Hindustan Unilever (HUL)……………………………………….Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

China’s property prices need to decline 30 percent to reach a “reasonable” level, according to He Keng, a deputy director of the Financial and Economic Affairs Committee of the National People’s Congress.
Housing prices will be at a “reasonable” level when they are equivalent to about six years of salary for a family, the senior lawmaker said, according to the transcript of an interview with China National Radio………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

Despite the fact that only 17 per cent of luxury condo projects surveyed last year in inner Bangkok were sold, prices per square metre were up 11.5 per cent.
A survey of luxury developments in Phloenchit, Chidlom, Pathumwan and Ratchathewi in December showed prices have risen to THB145,000 (US$4,631) per metre, according to real estate consultancy Agency for Real Estate Affairs (AREA)………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

Real estate developers are expected to roll out new housing projects amounting to NT$1.2 trillion at three major metropolitan regions in northern, central and southern Taiwan in 2012 to warm up the real estate market in the second half following a big slump in 2011.
Realty analysts generally forecast higher presentation of more new housing projects in Taipei and New Taipei City in the north, Taichung City in central Taiwan, and Kaohsiung on the southern part of the island………………………………………..Full Article: Source

Posted on 30 January 2012 by Laxman |  Email |Print

House prices might be sluggish, but all signs are pointing to a booming rental market this year, with long queues at inspection times and tight vacancy rates. But high rentals and shortage of properties means landlords are able to pick and choose tenants who tick every box, leaving many single parents and self-employed people struggling to find a home.
Tim McKibbin, CEO of the Real Estate Institute of NSW said the residential rental market was suffering under a heavy demand which is far outweighing supply………………………………………..Full Article: Source

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