Fri, Apr 25, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 02.Apr 2012

Posted on 02 April 2012 by Laxman |  Email |Print

Steven RicchiutoThe spring home-selling season could be the strongest in years and may foreshadow which markets will lead a battered housing industry in an anemic recovery, economists say. “This spring will be the litmus test for housing demand,” says Steven Ricchiuto, chief economist for Mizuho Securities USA.
The spring season typically runs March through June but may have started early this year because of unseasonably warm weather………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Ever since the real estate market crashed and led to a high number of distressed properties on the market and a record number of foreclosures and short sales, everyone has been asking the same question: “When will a real estate market recovery occur?”
Over the last couple of years it seems as though many people have been speculating when we will finally hit the rock bottom of the foreclosure crisis, which means we can start building up toward recovery. Some analysts believe we have already hit the bottom and are currently moving toward real estate market recovery, while a few others disagree………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Institutional investors can play a key role in bringing new niche real estate markets such as senior housing, healthcare and education to maturity, according to Maarten Vermeulen, Director Europe at Composition Capital Partners.
Strong demographic trends in the healthcare and student housing markets made these segments particularly attractive, he noted………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

If your son is still living in the basement in his mid-20s, take heart: he’ll be gone soon. Vacancy rates for apartments and single-family houses are dropping in many cities, including Tucson and Indianapolis, which ranked high on Forbes’ list of America’s Emptiest Cities.
To Budge Huskey, president of Coldwell Banker Real Estate, that suggests people who had been shacking up with friends or relatives during the recession are getting back on their feet and establishing their own households again………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Signs of a bottom in the California real estate market are taking hold, with buyers snapping up the most affordable properties and long backlogs of unsold homes starting to be absorbed.
An improving jobs outlook in Northern California, continued low mortgage rates and the ongoing influx of new residents into the Golden State provide support to a healing housing market………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

The Washington real estate market has been trudging up a long, steep hill for years now, trying to make up lost ground. So, where do we stand?
In some areas, there are signs of a stronger market: foreclosures and short sales comprise a smaller portion of the total number of houses for sale; in some neighborhoods, prices are appreciating modestly; and in some places, houses are even fetching multiple offers………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Houses in Cuba are selling for $250 per square metre as the country after a change in the law meant residents could start selling their homes for the first time since the Revolution in 1959.
The purchasing and selling of private property was legalised by President Raul Castro in Cuba last November in a bid to keep the struggling Communist state afloat……………………………………….Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

According to Savills’ latest European investment bulletin, core funds remain acquisitive for the right product and the weakness of European currencies are attracting opportunistic investors including North Americans, but the firm questions which parties will fill the middle ground?
Tristam Larder, Director of Savills cross border investment team, says: “Opportunity funds can’t base their business models off future yield compression, they need active asset management angles……………………………………….Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

House prices have recorded their first monthly rise in more than a year and a half due to growing demand from buyers and a lack of homes on the market, a study has found.
The 0.2% increase in March follows a flat start to the year and is the first rise in 20 months, suggesting that prices will hold firm in the coming months, although the overall market is not yet “firing on all cylinders”, said property analyst Hometrack………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Scotland was among six of 13 UK regions to report a fall in UK house prices over the past year, new figures have revealed. A separate report has shown that UK-wide, the value of homes dropped by 1 per cent compared to February, and fell by 0.9 per cent compared with the same month last year.
The end of a first-time buyer stamp duty concession helped push property values down in March – the first annual drop in six months. Around four in ten first-time buyers have benefited from the stamp duty concession during the two-year period, according to recent research………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

The government’s introduction of 15% stamp duty on residential property owned through companies in this year’s Budget is raising fears that other asset classes and investment structures will come under attack.
Wealth managers fear it is a sign of the times, preceding the announcement of a general anti-abuse rule (Gaar), which will be the subject of a consultation this summer, based on the Aaronson report. The government will also establish an advisory panel and develop guidance, according to the Budget………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Spanish home prices are poised to fall the most on record this year, leaving one in four homeowners owing more than their properties are worth, as the government forces banks to sell real-estate holdings.
Home prices will decline 12 percent to 14 percent, according to research and advisory company R.R. de Acuna & Asociados, after Economy Minister Luis de Guindos in February gave lenders two years to make 50 billion euros ($67 billion) of additional provisions and capital charges for losses linked to real estate………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

New mezzanine finance funds targeting the Nordics to take advantage of tight bank financing may find their return expectations make them too expensive, panellists told PropertyEU’s Investment Briefing on the Nordic markets in London last week.
‘There are a number of mezzanine funds being raised or in the process of being raised. Their current return expectations make them expensive, ‘ said Anders Tagt, managing director at Deutsche Pfandbriefbank………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Cross-border real estate investors active in the Nordics tend to favour shopping centres, but other segments offer attractive returns as well.
Residential is one of the segments that offer significant opportunities, the panel said. ‘A lot of the second-and third-tier cities in Sweden have population growth of 1-2%, ‘, managing director at Reviva Capital, pointed out, adding that in some areas like Oslo in Norway, the construction pipeline virtually came to a complete halt in 2008-9………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Dubai is planning to enforce a new law in mid 2012 intended to protect property investors to prevent fresh crisis that jolted the local real estate market in the wake of the 2008 global fiscal distress, an official has said.
The new law will likely be enforced in June and will ban developers from selling property to investors before at least 20 per cent of the project is completed, said Sultan bin Mujrin, director of the Department of Land and Property in Dubai………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Sound economic fundamentals, a solid fiscal stance, and a stable political environment offer an encouraging outlook for the Abu Dhabi real estate sector in 2012, but analysts warn downside risks still persist with the imminent delivery of new developments for the year in both the commercial and residential sectors.
According to a recent market report released by global research consultants CBRE, economic growth in Abu Dhabi was estimated at 4.5 per cent in 2011, projected to grow by five per cent in 2012………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Transactions in Qatar’s residential rental market picked up significantly in the first three months of 2012 compared to the previous quarter although rents remained largely unchanged, Asteco said on Sunday.
The transactions rose as several established Qatari firms changed their housing policies to allow employees to take direct leases with landlords rather than employer-owned accommodation, it said………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

The real estate market of the country is now dependent on high-end direct consumers and genuine long term investors as speculators have been eliminated from the current real estate market due to almost stagnant property rates.
The real estate players point out that the low and midsized property buyers are not left with consumable surpluses to go for house construction as due high inflation and doubled rates of construction material they cannot dream of planning a house of their own………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

China’s property developers are still building. That is bad news for house prices, but it should be reassurance on the outlook for growth. Real-estate investment is a major chunk of China’s gross domestic product. In 2011, the International Monetary Fund estimated its contribution was 12%.
That number goes even higher if upstream industries like steel and cement and downstream sectors like appliances and consumer durables are factored in………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Housing prices in 100 major cities in China were lower for the seventh consecutive month in March, China Real Estate Index System said Sunday.
The data provider said a survey of property developers and real-estate agencies showed the average home price in March was lower at CNY8,741 a square meter, compared with CNY8,767 in February and CNY8,793 in January………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

The real estate market hasn’t crashed. But the tycoons are shaking in their boots after last Thursday’s arrest of Raymond and Thomas Kwok, the chairmen of Hong Kong’s largest property developer Sun Hung Kai.
The Independent Commission Against Corruption also nabbed the former No. 2 in the government, Rafael Hui. No details of the charges have been officially released………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Luxury properties in the Republic and Hong Kong are the most sought after in the Asia-Pacific region by global high-net-worth individuals (HNWIs).
Both markets are known as “super prime” destinations for the rich to buy properties worth at least US$20 million (S$25.14 million) each. This is among the findings highlighted in The Wealth Report 2012, released by property consultancy Knight Frank and Citi Private Bank on Friday………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Prices of real estate here should not be left too open to market forces, as we are a small island with limited land for development. The market is also imperfect because big players such as developers can control prices.
It is timely that the Government is focusing anew on its objective to provide affordable housing for Singaporeans. Perhaps the Government could directly maintain sustainable prices by pegging Build-To-Order (BTO) flat prices to the income levels of average Singaporeans………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

The Master Builders Association of Malaysia (MBAM) says the Malaysian property market is not ready for the implementation of the build-then-sell (BTS) model on a compulsory basis.
MBAM president Kwan Foh Kwai said property development was a very capital-intensive business with many of the players comprising small-and-medium enterprises. “I don’t object to the model, but until there is a giant property company with the financial capacity to do business using the BTS concept completely, our market is not ready for it,” he told Bernama in an interview………………………………………..Full Article: Source

Posted on 02 April 2012 by Laxman |  Email |Print

Home prices in Australia’s eight capital cities rose 0.2 percent in March from February, led by increases of 1.4 percent in Perth and 0.8 percent in Brisbane, according to figures from RP Data and Rismark International.
Prices were unchanged across the nation’s eight capital cities in the three months ended March 31, according to the RP Data-Rismark home value index. Hobart was the best performer during the quarter, with prices jumping 7.3 percent, while Adelaide fared the worst, with prices dropping 1.5 percent………………………………………..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