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Real Estate Briefing 05.Jun 2012

Posted on 05 June 2012 by Laxman |  Email |Print

Several articles over the past few months have suggested that since measures of house price affordability remain near historic norms, the chance of a house price correction in Canada is slim.
Certainly this is the strongest argument for continued stability in the Canadian housing market, but like any measure of real estate fundamentals (which admittedly includes real house prices and the price/rent and price/income ratios, which I often reference), affordability measures have their shortcomings………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

Michael FederOur latest price scorecard raises the question of whether a real or false spring is under way. The March numbers, which show the percentage change in prices compared with March 2011, offer a rare “thumbs up” from an index: one from the Federal Housing Finance Agency following home purchases involving loans backed by Fannie Mae or Freddie Mac.
An earlier Developments post explored how foreclosures might play less of a role in this index, but its upbeat result isn’t as much of an outlier as it might seem here………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

Are you considering investing in property in the USA? Buying a property in an unfamiliar overseas market can seem like a daunting task, but Your Investment Property has uncovered four top tips to help you to navigate the American housing market.
It may be home ownership month in the USA, but MRIS CEO John Heithaus points out that purchasing an American property is far from as easy as it used to be………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

Rental level for prime offices remained stable in most major European markets in Q1 2012, with the CBRE EU-27 Prime Office Rent Index edging up by 0.1% during the period.
The stability of CBRE’s index masked modest increases in a handful of European markets, notably in Hamburg (+4.3%) and Nordic markets, such as Oslo, and declines in southern Europe and Ireland – reflecting the ongoing effects of the economic difficulties in the Eurozone. Overall, office rents across Europe increased 0.4% from a year ago………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

Pan-European property funds recorded total returns at net asset value of just 0.1% in the first quarter of 2012, according to the IPD Pan-European Quarterly Property Fund Index. This resulted in a 12-month return to March 2012 of 2.1%; the lowest in nearly two years.
Although the underlying direct real estate returns were stronger, at 0.9% for the quarter and 5.9% for the last 12 months, they also represented a deterioration on previous quarters………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

Forecast says value of properties in London will increase by 2.4% this year, while those in north-east drop by 2.7%. The UK will suffer a sharp widening in the north-south house price divide this year as increases in the value of London properties continue to outpace the rest of the country.
According to the forecast by the Centre for Economics and Business Research (CEBR), house prices in the capital will rise by 2.4% this year, as those in the north-east drop by 2.7%. The trend will continue into next year, the thinktank added, when London prices will rise by 2.3% as those in the north-east fall by 1.3%………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

Fund manager Schroders is in early stage talks to enter the real estate lending market, the Financial Times reported in its Tuesday edition.
The newspaper cited sources familiar with its thinking as saying Schroders has not yet decided on the size of the lending platform………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

Turkey is negotiating to build low- cost housing in Venezuela in exchange for oil, Vatan newspaper said citing Bulent Gedikli, chief of economic affairs for the ruling Justice and Development Party.
Venezuela may pay 650 barrels of oil for every 100 square meters of housing built, the Istanbul-based paper cited Gedikli as saying. Venezuelan President Hugo Chavez has said the country needs to build around 2 million homes, Vatan said………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

It’s time to stop sitting on the fence: Housing prices aren’t going to drop much, if at all. The real estate market has been showing some encouraging signs - but mostly for builders and less for buyers.
About 22,200 homes were sold in the first three months of the year, according to the Finance Ministry’s State Revenue Administration - 19% more than the low point reached the previous quarter but still 15% below the number sold in the first three months of last year………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

Esther Mutamba, the director general of Rwanda Housing Authority (RHA), says there is a very high demand for housing against no supply. But Charles Haba, the president of the association of real estate managers and agents, retorts there is supply but only for the rich.
“There is supply of houses but only for the rich class such as top government officials, top level corporate people, and expatriates,” he says. Whichever way one looks at it however, there exists a serious housing problem in the country………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

After some difficult years, there are signs that the property market in Dubai is recovering well at the start of 2012.
A recent report has found that villa and apartment prices in the emirate have risen for the first time in several years. In addition, official figures show that the number of property sales in Dubai also rose in the first quarter of 2012. Keep reading to learn more about the rebounding Dubai Property market………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

China may relax its property curbs to encourage end users to buy homes as the government seeks to support economic growth, according to Deutsche Bank AG.
More “fine-tuning” by local governments of real-estate tightening measures is expected because of continued weakness in land sales and the resulting financial pressures, Tony Tsang and Jason Ching, Hong Kong-based analysts at Deutsche Bank, said………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

Hong Kong’s property market faces great corrective pressure amid threats from the euro zone crisis and macroeconomic volatility, causing uncertainty for home buyers, Financial Secretary John Tsang said on Monday.
Mainland China has seen the world’s fastest-growing prices over the last five years, up 111 per cent through the end of last year, with Hong Kong in second place at 94 per cent, according to property consultancy Knight Frank………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

The property market is taking a breather as home buyers grapple with looming economic uncertainties and possible cooling measures.
New private home sales figures for last month will be out only next week but they are likely to be significantly down from April’s numbers, consultants and agents have noted………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

Around VND120 trillion (US$5.75 billion ) will be injected into the economy in the remaining months of 2012, giving a much needed boost for various sectors including real estate, a government official says.
The money is the remaining part of a VND180-trillion fund that the government has set aside for public investment, news website VnExpress cited Deputy Construction Minister Nguyen Tran Nam as saying………………………………………..Full Article: Source

Posted on 05 June 2012 by Laxman |  Email |Print

Fortress Investment Group (FIG) and Nomura Real Estate Holdings Inc. are buying Japanese property as a record 700 billion yen ($9 billion) of commercial buildings are set to be sold over the next three years to repay debt.
About 364.6 billion yen worth of properties will be offered by next year with the rest sold through 2014 as special servicers that oversee properties tied to defaulted loans sell buildings to repay lenders, according to Moody’s Investors Service………………………………………..Full Article: Source

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