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Real Estate Briefing 12.Mar 2012

Posted on 12 March 2012 by Laxman |  Email |Print

Michael FratantoniWith foreign entities wary of mortgage-backed securities, buyers are focusing on individual homes — a welcome occurrence in regions suffering from a glut of properties on the market.
Because of the housing market meltdown, foreign governments and banks are shying away from bonds backed by American home loans. But individual foreign buyers are taking advantage of the crash to snap up U.S. bargains at a record clip………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

Alan TongueIs now the time to buy US property? Many investors have been taking the plunge into US real estate, lured by the combination of a strong local dollar and dirt-cheap properties stateside.
Former captain of the NRL team Canberra Raiders, Alan Tongue, is one of them - you can read of his experience, right - and you may even be thinking of joining him. After all, there should still be opportunities for the enterprising investor when your own slice of the American Dream can be bought for as little as $30,000………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

Banks won a handful of concessions in the landmark $25 billion settlement of alleged foreclosure abuses, as federal officials struck a balance between their desire to be tough on lenders and the need to provide immediate relief to the housing market.
A key sticking point in the year-long negotiations was how to structure mortgage write-downs, and who should bear the losses………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

When Howard Gleicher, a resident of the Orange County suburbs, decided to buy a four bedroom condominium in The Century, it was with a long-term plan in mind.
Sure, the investment manager needed an immediate crash pad in Los Angeles to manage the increasing amount of time work was requiring he spend there; but he also wanted an apartment that would be big enough and luxurious enough to eventually move in full-time………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

Three UK cities - London, Oxford and Cambridge - are among the five cities best placed to attract technology and research companies in Europe, according to the European Tech Cities Ranking 2012 presented at MIPIM by Buck Consultants International.
The ranking is topped by Paris, with London, Oxford, Berlin and Cambridge making up the rest of the top five. It is based on an analysis of the competitiveness of 31 European cities for tech companies and R&D centres………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

The latest research by Clydesdale and Yorkshire Banks suggests that the vast majority of UK homeowners (84%) believe that their properties will be priced the same or higher in the next 12 months.
Only the remaining 16% of Brits are concerned that their homes will decrease in the value over this period………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

International real estate advisor Savills predicts a 3.9% capital growth increase in London’s hotel sector this year with the Olympics boosting operational performance and the Queen’s diamond jubilee bolstering domestic tourist demand.
It anticipates overseas investors will continue to focus on London’s four- and five-star market and be the major driver for this sustained growth in values………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

Invesco Real Estate is acquiring two trophy office properties in Paris for some EUR 600 mln on behalf of an unnamed Middle Eastern sovereign wealth fund, PropertyEU has learned. Both properties are being sold by German fund manager KanAm’s Grundinvest Fonds which are currently under liquidation.
The transaction, which is believed to reflect a yield of 5-5.25%, involves jeweller Cartier’s head office in Paris which KanAm bought in 2007 for EUR 380 mln………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

Zambia’s real estate sector is this year projected to register growth in the residential property segment with 3,500 units expected in North-Western Province alone.
Pam Golding Properties Zambia managing director Inutu Zaloumis said the real estate sector will register significant growth this year with residential property expected to see increased demand. Other provinces will also see growth on the back of increased investment especially in North-Western and the Copperbelt Provinces………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

Demand for properties in Lebanon fell 20 percent in the first two months of 2012, but prices remain stable, said the head of the real estate contractors association.
“The deteriorating security situation in the region as well as political bickering have taken their toll on the real estate sector and this also scared away investors and buyers,” Elie Sawma told the Central News Agency………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

Abu Dhabi’s struggling developer Aldar Properties may merge with local rival Sorouh Real Estate in a state-backed tie-up that could create a company worth some $15 billion in assets.
A decision on the merger of the top two developers in the emirate will be made within three months after a joint committee assesses the matter, the companies said in a joint statement on the Abu Dhabi bourse, adding the talks had “the blessing of the Abu Dhabi government”………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

Dubai’s residential real estate has not only stabilised, but house prices in the emirate rose an average 2.3 per cent in the final three months of 2011, according to global residential and commercial property consultants Knight Frank.
As per the consultancy’s Global House Price Index (GHPI), the increase in Dubai house prices during the last quarter of 2011 was particularly steep, and ranked on the last quarter’s rise of 2.3 per cent, Dubai stands at No. 12 worldwide in terms of house price appreciation among the 52 destinations worldwide where Knight Frank tracks house prices………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

Most of us have heard the Dubai story: small Gulf emirate not rich in oil decides to diversify its economy, executes it marvelously – and suddenly has the rug pulled out from under it due to its utilisation of debt in achieving growth. Against this backdrop, a lot of people have asked me about investing in property in Dubai.
This article is an attempt to analyse in simple terms whether any directional bet can be taken………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

Middle Eastern investors were increasingly active players in the global real estate markets in 2011. As in 2010, Qatar was the main exporter of capital from the region in 2011.
A notable trend in last year was a changed mind-set, from one of buy and hold to a more active trading mentality, the Jones Lang LaSalle data on cross border investment in commercial real estate said. The research note by Alan Robertson, CEO, Jones Lang LaSalle MENA, shows that Middle Eastern investors have been strong net purchasers in overseas markets in recent years………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

The Abu Dhabi Investment Authority (ADIA) plans to diversify away from realty and private equity funds by investing directly in Indian real estate, sources familiar with the matter told Reuters.
ADIA’s investments in Indian real estate to date total $400-$500 million, largely through property and private equity funds, and the fund is now scouting for direct investment opportunities, one of the sources told Reuters………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

Last September, Veritas Investment Research created a flutter when it predicted Kingfisher Airlines was on the brink of bankruptcy. A couple of weeks ago, the Canadian research firm claimed DLF is “a crumbling edifice.” But this time, its analysis hasn’t got the media and sector experts gasping.
Most have shrugged off the claim that DLF shares are worth Rs 100 a piece as an exaggeration. As a stock analyst said, “It’s the same old story.” DLF is facing scrutiny from both Sebi and the Ministry of Corporate Affairs. There is a larger question at play though………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

China should maintain its property curbs as any relaxation may result in a “chaotic” housing market, said billionaire developer Vincent Lo, also a member of the government’s advisory board.
Home prices may post a “single-digit” decline this year, said Lo, chairman of Shui On Land Ltd., a Shanghai-based developer. Property values in the nation’s city centers will hold up, he said, adding that he doesn’t expect a property crash this year………………………………………..Full Article: Source

Posted on 12 March 2012 by Laxman |  Email |Print

Singapore’s property market may be set for an uptrend in 2012, even as the market comes to terms with the cooling measures introduced in December last year, according to a local property website.
iProperty.com Singapore arrived at this conclusion based on initial enquiry figures from the first two months of this year. Data from email and SMS leads generated by the portal showed a 60 per cent jump in February this year, compared with the same month last year………………………………………..Full Article: Source

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