Thu, Oct 30, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 11.Jun 2012

Posted on 11 June 2012 by Laxman |  Email |Print

Has the housing market hit bottom? It depends on where you are – and whom you ask. Developments posed the question to a handful of economists, real-estate agents and industry watchers.
Rick Sharga, executive vice president, Carrington Mortgage Holdings: “I think we’re either at or very, very near the bottom, and that prices will stabilize on a national basis this year. Unfortunately, the recovery is going to be a bumpy ride along the bottom for the next couple of years while the market absorbs the overhang of distressed inventory………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

The Federal Housing Administration, struggling to manage a growing glut of delinquent home mortgages, plans to ramp up sales of the loans to investors, a move that could stave off foreclosure for thousands of homeowners.
The government agency, which is expected to announce the bulk sale program Friday, has more than 700,000 loans in default, amounting to more than 9% of the $1 trillion in loans it insures. Bulk loan sales are one way the FHA could reduce the backlog of potential foreclosed properties it will have to take back and resell………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

New York is the most resilient real estate market in the world. The reason is simple: Everyone wants be here. A pro-development mayor and administration doesn’t hurt. Neither do 1,000 of the most hungry real estate agents in the industry working hard to complete big deals.
Still, if real estate is about “location, location, location,” then New York City - its five boroughs and surrounding areas - has got it………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

A government crackdown on dollar purchases has brought Argentina’s housing market to a standstill and threatens to slow the construction industry that has fueled economic growth in recent years, property brokers say.
Argentines, who normally pay for new homes with stacks of dollar bills, have been struggling to get their hands on the U.S. currency since President Cristina Fernandez imposed stringent controls on dollar-buying late last year………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

BlackRock has announced the launch of a global real estate securities investment platform and the appointment of industry veteran Mark Howard-Johnson as global head.
Howard-Johnson, who joins from Building & Land Technology, will lead the development of this business and the creation of a global team expected to include six additional investment professionals by year-end………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

House prices showed a slight increase last month but are unlikely to move much over the rest of this year, the Halifax said. Prices rose by 0.5 per cent month-on-month across the UK in May, following a 2.3 per cent monthly fall in April, to reach £160,941 (€199,355) on average, the bank added.
In the three months to May, house prices were 0.8 per cent higher than between December 2011 and February this year, marking the biggest increase over three months since last August………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

With the euro plummeting to new lows against the pound, property prices have fallen in French areas popular with British buyers. Just four years ago, the plunging pound forced thousands of Brits to abandon their dream of a new life in France. But with the euro falling to new lows against the pound, and the French property market showing signs of recession, the tide is turning.
Rarely do the main players in the property market agree on predictions, but 2012 will see a downturn even if they can’t all agree to what extent………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

After a very active January, with vendors keen to beat the new legislation on Capital Gains Tax and buyers snapping up good deals, the property market in Paris has slowed down considerably, according to a new report.
Stock levels have fallen and a two tier market is emerging once again, as prime property sells but everything else is sticking on the market, says the report from property company Lonres………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

Dubai’s property market appears to be on the recovery path. Prices registered their first quarterly improvement at the beginning of this year since the price correction that started in the second half of 2008.
The increase was supported by a return of investors’ confidence and a gradual increase in economic activity resulting from improved trade and tourism………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

At propertyfinder.ae we recently revealed the results of an in-depth survey we conducted of a sample of the 3,000 brokers registered on our site.
Among the many interesting opinions, facts and figures the survey threw up was the news that the previously strict one cheque requirement for renting in Dubai is on the way out — or at least has diminished greatly………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

The value of real estate transactions in Kuwait rose by nearly half, year on year in the first three months of 2012, according to a report from Kuwait International Bank (KIB).
Total values reached $3.2 billion, and increase of 49 percent compared to the same period last year and the number of deals was 2,657, up 69 percent compared to the first quarter of 2011………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

Projects are being held up in several metros across the country. The major causes for delay in projects in the real estate market vary from issues in funding and financing of real estate projects for the developers , to delays in getting regulatory approvals and the overall market volatility and weakening demand.
Projects launched in 2006-07 , which were to be handed over by 2009-10 , will now take another two years to complete………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

With the dollar appreciating in value compared to the rupee, more NRIs (non-resident Indians) are looking forward to investing in real estate in India. Since Mumbai is a booming realty market, NRIs have always considered it to be a safe bet to invest in the city.
“Generally , NRIs are looking at this period as an extremely advantageous one for realty investments. The Government has been making proactive policy changes clearly aimed at routing more NRI investments into India,” says Om Ahuja, CEO - Residential Services, Jones Lang LaSalle India………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

China’s real estate investment rose 18.5 percent in the first five months of 2012 from a year earlier, slowing from annual growth of 18.7 percent in the first four months, the National Bureau of Statistics said on Saturday.
Following is a breakdown of the data. Actual investment in the sector (in billions of yuan and percentage change from a year earlier):……………………………………….Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

Real estate investment in China increased by 18.5% during the first five months of this year compared to 2011, a slowdown from annual growth of 18.7 percent in the first four months. Overall investment reached RMB 2.22 trillion according to figures published by the National Bureau of Statistics on Saturday.
Among the more outstanding changes compared to 2011, in terms of floor area, construction starts decreased 4.3% to 728.6 million square meters in the first five months this year. Also, commercial and residential real estate sales totaled RMB 1.69 trillion in the January to May period, down 9.1% from a year prior………………………………………..Full Article: Source

Posted on 11 June 2012 by Laxman |  Email |Print

Measured after a sale of assets, a merger or an IPO, nontraded REITs over the past two decades consistently have underperformed the broad market of real estate investing, according to a new study.
Comparing 17 “full-cycle” nontraded real estate investment trusts with two customized benchmarks, the study found that just five such REITs outperformed each of those market indexes. That means 71% of the REITs included in the study underperformed the study’s customized benchmark, in large part due to fees……………………………………….Full Article: Source

See more articles in the archive

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031