Wed, Oct 1, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 05.Nov 2012

Posted on 05 November 2012 by Laxman |  Email |Print

The U.S. housing market is on the mend, but the so-called “missing piston” of the world’s biggest economy doesn’t have enough power to get the broader recovery firing on all cylinders any time soon.
Construction and related activity will help rather than hinder U.S. economic growth this year for the first time since 2005. That was before the housing bust helped push the United States into recession, triggering the global financial crisis………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

Luxury-home prices in central London rose at the fastest rate in four months in October as overseas investors sought less-risky assets, Knight Frank LLP said.
The average value of a house or apartment in the U.K. capital’s most expensive neighborhoods climbed 0.8 percent from September, according to an index published by the London-based broker today. The annual increase was 10.1 percent with demand for apartments outstripping that for houses, Knight Frank said………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

The Irish commercial property sector has experienced an escalation in activity in recent months, a new report from CBRE suggests.
The property adviser’s final bi-monthly report for 2012 on commercial property in the Republic of Ireland and Northern Ireland highlights how the investment market is showing signs of life. Some EUR 271 mln was transacted in the first nine months of 2012, mainly in the Republic of Ireland, and more than EUR 700 mln is being formally marketed for sale or under offer………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

Despite resistance from local groups in Paris’ La Defence district, it looks as though a 2.2 billion euro project to develop what would be Europe’s tallest buildings – eclipsing even London’s controversial ‘Shard’ tower – may be making headway.
For Paris, a city whose priciest apartments boast mansard roofs and wrought-iron balconies, it’s an audacious bet: a pair of shimmering, largely residential, luxury towers that might look more at home in Dubai or Shanghai………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

Spain’s “bad bank” will struggle to find buyers for swathes of empty land, unfinished housing projects and doubtful loans left over from a property crash, hindering Madrid’s attempts to overcome the wider economic crisis.
Real estate consultants predict that almost two-thirds of assets that the government’s newly-created bad bank is due to take over from commercial banks will fail to attract investors, at least in the short term and possibly ever………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

During the (now not so recent) overseas property boom Bulgaria had its fair share of popularity. Indeed, in the run up to its EU accession in 2002 it was among the top destinations for overseas property investors to buy. However, as with so many of the early successes, it was a victim of that success and it became overdeveloped.
I remember researching the market in 2008 to value a 2 bedroom apartment in a newly completed Bansko ski resort so that its owner could set a suitable asking price. I found that the market was absolutely saturated with similar properties in the same area, and this was dragging down prices rapidly………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

The Czech Republic has witnessed EUR 354 mln of deals so far this year, 80% below last year’s figure but well ahead of other CEE markets like Romania, Hungary and Bulgaria.
In 2012, Colliers expects around EUR 750 mln worth of transactions to complete in the country………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

The status of being a safe haven for Middle East and North Africa buyers post Arab Spring has pushed villas prices in Dubai by almost 20 per cent in the year to September 2012.
The increase makes the emirate the second best performing market of the 26 cities tracked by Knight Frank Prime Global Cities Index. In the second quarter report, the emirate, however, was positioned at the 12th spot, with a yearly increase until June 2012 being mere 2.2 per cent for apartments………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

Next year Dubai Municipality will implement the revised Wind Code applying to the construction of any new building in Dubai, as the city saw an increase of high-rise structures.
The new rules are to take into account the increased number of high-rise constructions in the emirate. In such environment, different standards are required when it comes to wind and seismic design, explains Moawya Safarina, engineer at the Permit Section of Dubai Municipality ’s Building Department………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

Cautious private equity (PE) investors, who burnt their fingers in real estate investments made at 2007-08 peak prices, are now investing on the assumption that prices are not going to increase from current levels for the next three years.
In what could be an indication of price trends in the real estate sector as perceived by many PE players, the expected returns, or IRR, are calculated at current prices………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

The number of property transactions recorded at Hong Kong’s 10 largest estates this weekend fell to the lowest level since January, according to an e-mailed report from Centaline Property Agency.
A total of 10 sales were registered, compared with 12 a week earlier, after the government introduced new measures at the end of October to curb property prices, Centaline said in the report………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

Financial Secretary John Tsang Chun-wah said he has noticed huge price increases in commercial properties and the authorities may intervene in this sector if economic stability is threatened.
Tsang announced measures to temper the red- hot housing market on October 26, and these have already helped to cool the sector. In his weekly blog, Tsang said commercial property prices made up a smaller part of the market than residential units, involving experienced investors and larger investments………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

Transactions of residential and commercial property in New Taipei City for last month rose more than 30 percent from a month earlier, according to statistics released on Saturday by the city’s Land Administration Department.
Last month, housing transactions in New Taipei City hit 6,803 units, up about 32 percent from September, while transactions in certain districts of the city, including Yonghe District and Sindian District, surged by more than 90 percent month-on-month………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

The brief rally in Melbourne dwelling values ended in October with property values expected to bounce around near the bottom of the market for another 12 to 18 months, according to RP Data senior research analyst Cameron Kusher.
As the quarterly data shows, Melbourne median house values are flat again, while unit prices are starting to decline after rising strongly in August and September……………………………………….Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

Sellers’ expectations of what their property is worth could be getting too high as a surge in new listings prompts some buyers to be patient. The mean asking price in Auckland reached a record high of $611,864 last month according to Realestate.co.nz, leaving some real estate experts questioning whether sellers’ expectations were unrealistic.
The national asking price also rose 4.6 per cent on the previous month, propped up largely by the high prices recorded in Auckland and Canterbury………………………………………..Full Article: Source

Posted on 05 November 2012 by Laxman |  Email |Print

Looking for a house some years ago, I’d often come across properties advertised as “affordable”. We’d do the sums and despair at the gap between our income and our dreams. Affordable? Maybe if we stopped feeding the kids.
We became propertied again with luck, and just in the nick of time. If we were starting out now, we wouldn’t be able to afford our modest Auckland house. Its value has more than doubled in the last decade - unlike our income. If we sold our house now, we’d pocket several hundred thousand (untaxed) dollars that we did nothing to earn. Lucky us. And too bad for those who missed the boat………………………………………..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