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Real Estate Briefing 26.Mar 2012

Posted on 26 March 2012 by Laxman |  Email |Print

Affluent international buyers, attracted by fire-sale prices, are snapping up real estate in some U.S. markets. In a report released today, Inman News identifies 10 markets where public records indicate foreign buyers make up the biggest share of overall buyers.
Most of the markets are located in sunny Florida, though areas in Nevada, Arizona, New York and Hawaii are also on the list………………………………………..Full Article: Source

Posted on 26 March 2012 by Laxman |  Email |Print

With a few exceptions, European cities lack a clear overview of their real estate activities and their management of public properties is extremely fragmented. This is hampering their strategic planning processes at a time when many cities are looking to dispose of real estate as a way of cutting costs.
These are the main findings of a study on real estate management in 15 European cities by consultancy firm Deloitte………………………………………..Full Article: Source

Posted on 26 March 2012 by Laxman |  Email |Print

The arrival of senior debt funds in the European real estate market could provide welcome new sources of liquidity as the banks continue their retreat and focus on the ongoing need to deleverage; according to Cushman & Wakefield’s latest European Real Estate Lending Survey 2012.
For the survey, 78 leading global real estate finance providers were interviewed to assess the level of appetite for lending and to identify the trends that will shape the European finance market in 2012………………………………………..Full Article: Source

Posted on 26 March 2012 by Laxman |  Email |Print

A shortage of debt finance is seen as the single biggest threat to the recovery of the property market in Europe in 2012, according to the latest research by global property adviser CBRE.
CBRE’s latest ‘Real Estate Investor Intentions’ survey, completed by more than 340 property investors, reveals that constraints on the availability of debt continue to weigh heavily on real estate investment in Europe, with nearly one in three investors reporting this issue as their greatest concern for the market recovering in 2012………………………………………..Full Article: Source

Posted on 26 March 2012 by Laxman |  Email |Print

Britain’s housing market will remain fragile over the next couple of years, with prices likely to fall a little by the end of this year before picking up modestly in 2013, a quarterly Reuters poll of economists showed.
As has been the case over the last few UK housing market polls, views varied widely among the 20 analysts surveyed in the last week, largely before the government’s budget on Wednesday………………………………………..Full Article: Source

Posted on 26 March 2012 by Laxman |  Email |Print

We’re going through a structural change in the whole retail market, one that should be making retail real estate itself less valuable.
Another set of numbers is that roughly 10% of UK retail sales now take place online: and roughly 10% of UK retail space is now empty. That’s long term empty, not just the short term emptiness caused by the turnover in tenants………………………………………..Full Article: Source

Posted on 26 March 2012 by Laxman |  Email |Print

Softening yields within the Dutch office market has made the Netherlands an opportunity driven market for the first time in more than a decade, according to real estate advisor Savills.
The firm does not expect overall 2012 investment volumes to exceed the 2011 total of €3.4 billion due to a challenging market with limited financing opportunities………………………………………..Full Article: Source

Posted on 26 March 2012 by Laxman |  Email |Print

Hungary’s residential real-estate industry ground to a halt after foreign-currency mortgages, which fueled a boom before they were banned in 2010, saddled homeowners with ballooning repayments when the forint sank to a record and prompted buyers to flee the market.
The slump in demand forced home construction to fall last year to the lowest level since the government started collecting data in 1930 as Hungarian banks booked hundreds of billions of forint in losses………………………………………..Full Article: Source

Posted on 26 March 2012 by Laxman |  Email |Print

A year after the revolution, Egypt’s property market is showing signs of recovery. But as analysts are noting a trickle of sales, they say a transformation of the market is under way as the country’s biggest developers continue to face legal cases.
The fall of Hosni Mubarak from the presidency uncovered a string of scandals in the property industry relating to land ownership………………………………………..Full Article: Source

Posted on 26 March 2012 by Laxman |  Email |Print

Egypt has began to offer new city land plots to Egyptians abroad in a program expected to pump $2.5 billion into the government’s treasury pot and alleviate pressure on the budget deficit, daily Egyptian newspaper Al Ahram reports Sunday, citing Prime Minister Kamal Al Ganzouri.
The initiative, dubbed the “Homeland Home” plan, offers 7,685 plots of land of varying sizes in five new cities, the report said. The price of the land will be paid in U.S. dollars and the plots will be reserved online through a website, the report said, without naming the website………………………………………..Full Article: Source

Posted on 26 March 2012 by Laxman |  Email |Print

Lack of sales in the property market is now taking a toll on delivery of residential projects. The latest data shows that buyers in almost 65% of the projects launched over the last three years will have to now deal with delayed delivery of their homes.
According to data collated by real estate research agency Liases Foras, 65 per cent of the 4,091 projects that were launched over the last three years in the Mumbai Metropolitan Region (MMR) have been deferred. The delay ranges from six months to over three years………………………………………..Full Article: Source

Posted on 26 March 2012 by Laxman |  Email |Print

The real estate investment in south China’s Guangdong Province surged in the first two months of the year despite lackluster sales, data showed Sunday.
The investment in commercial property soared 40 percent year on year to 54.7 billion yuan (8.7 billion U.S. dollars) in January and February, the Guangdong provincial statistics bureau said in a statement. The rate was 14.8 percentage points higher than a year ago………………………………………..Full Article: Source

Posted on 26 March 2012 by Laxman |  Email |Print

Woongjin Group, a midsize Korean conglomerate, is launching a $2 billion stake sale at one of its most profitable businesses to help shore up a construction affiliate, one of the most visible signs of the impact a prolonged slowdown in South Korea’s real-estate market has had on many major companies.
The sale of a 30% stake in water-purification company Woongjin Coway Inc. is likely to be one of the biggest deals in South Korea this year………………………………………..Full Article: Source

Posted on 26 March 2012 by Laxman |  Email |Print

Local banks have lent a total of P518.6 billion to the property sector in 2011 of which real estate loans accounted for the bulk of 97.5 percent, the Bangko Sentral ng Pilipinas (BSP) reported.
Based on the BSP data, the banking sector’s exposure to the property market was 6.8 percent higher than the 2010 figure. The banks’ property sector exposure refers to real estate loans and property-related securities, while real estate loans refer to borrowings for housing and commercial developments………………………………………..Full Article: Source

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