Thu, Apr 24, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 14.Nov 2012

Posted on 14 November 2012 by Laxman |  Email |Print

Modest gains in leasing, rents and pricing will extend across most U.S. markets into 2013, and real estate will still outperform U.S. stocks and bonds on a comparative basis, predicts Urban Land Institute researcher and senior fellow Stephen Blank.
Blank was in Raleigh on Tuesday for the ULI Triangle District Council meeting with his annual presentation from ULI’s 2013 Emerging Trends in Real Estate report, a report considered to be a reliable forecast for real estate developers and investors across the country………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Rising risks, including an eventual increase in interest rates, are leading commercial-property investors to borrow less and expect lower returns, said real estate executives including Rob Speyer and Richard J. Mack.
AREA Property Partners LP isn’t building U.S. offices without signed tenants, even as commercial values increase, Mack, chief executive officer for North America, said……………………………………….Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Home Depot Inc. has long been sober about a U.S. housing recovery, even as investors betting on a rebound snatched up its stock. Now, though, the home-improvement retailer said it is beginning to see the effects of a real-estate revival, with surprisingly strong core profit and sales in the third quarter.
Chief Executive Frank Blake said the third-quarter performance was stronger than Home Depot itself expected, thanks in part to the start of a healing housing market………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Dual income households are comprising a greater portion of the US housing market and helping sales recover, according to an annual study from the National Association of Realtors.
It shows that some 65% of all buyers are married couples, 16% are single women, 9% single men, 8% unmarried couples and 2% other. Percentages of single buyers were slightly higher in 2011………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

New York City’s commercial-property market will rebound from Hurricane Sandy as it has from previous disasters, according to local real estate executives.
“As bad as Sandy is, I believe, in a year, we will be back to normal,” Peter Hauspurg, chairman and chief executive officer of Eastern Consolidated, an investment sales brokerage, said today on a panel at the Bloomberg Commercial Real Estate Conference in New York. “New York City has shown itself to be the real estate Treasury bill of the world.”……………………………………….Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

The process of buying a home in the United States is archaic and expensive. To understand why, you have to remember that one person’s wasted expense is another person’s income. What to consumers are unnecessary fees are the bread-and-butter of real estate agents, attorneys, and mortgage lenders. And remember that these interest groups make up one of the most successful lobbying coalitions in all of politics.
When the government looks for ways to help home buyers, it usually thinks in terms of subsidies in the mortgage market. However, if policymakers truly want to make things better for home buyers, they should look for ways to streamline and modernize the housing transaction itself………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Regional differences continue to dominate the UK housing market despite a relatively stable picture overall, two surveys have suggested. House prices rose by 5.2% in the year to September in London, the Office for National Statistics (ONS) said.
However, property prices fell by 10.1% over the same period in Northern Ireland. Meanwhile, surveyors reported that buyer demand rose across the UK, except in Scotland and Northern Ireland………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Despite ongoing financial problems in the eurozone, the top two destinations for home buyers looking to snap up a property abroad are within the troubled region, research suggests.
France tops the list, with 23 per cent of potential buyers looking to own a property across the Channel, according to the HiFX Property Hotspots report. However, interest from would-be buyers has dwindled in recent months - the same survey in March found that 35 per cent were interested in snapping up a property in France - a 12-point drop………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Danske Bank A/S, which is cutting 3,000 jobs after being dragged through housing bubbles in Denmark and Ireland, is now bracing for a possible adjustment in Sweden’s property market.
“We are concerned about the house prices in Sweden in particular, which have not seen the correction as in other economies,” Eivind Kolding, chief executive officer at Denmark’s biggest bank, said in a Nov. 8 interview in London. “This is something that we have very much on the radar.”……………………………………….Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

According to experts at CBRE, the leading global property adviser, in the first three quarters of 2012 total investment volume in the Polish commercial property sector stood at over €1.5 billion.
Based on the number of ongoing transactions, the total volume at the end of 2012 should ultimately reach €2 billion. Prime office buildings are still the most popular assets attracting core investors. Ten office transactions generated 30% of the total investment volume, while in Q3 the most significant office purchases included Twarda Tower in Warsaw by Europa Capital and a portfolio of two office buildings by Kulczyk Silverstein Properties. Industrial volume has also increased significantly………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Bulgaria’s property market may be starting to stabilise, according to reports by local agents, who have seen house price declines falling and even some quarterly growth. While there is no talk of a quick turnaround, it is believed that the market may be close to bottoming out and that small signs of growth are starting to be seen.
While house prices have been falling since 2009, according to the Bulgarian National Statistics Office annual house price index, they have been falling at a smaller rate each year………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Banco Espirito Santo SA (BES), Portugal’s biggest bank by market value, created a unit to sell real estate assets that were repossessed from its clients, Chief Executive Officer Ricardo Salgado said.
“We have many real estate assets,” Salgado told reporters in Lisbon today. “But if we have many real estate assets that is because we managed to recover credit faster than our competitors.”……………………………………….Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Baghdad has commenced the construction of 5,200 residential units, a project expected to take between 10 and 24 months, in five localities at a cost of USD 348 million, an official told Zawya.
The project involves building 1,000 residential units in Taji, in the north of Baghdad, 1,000 in Mahmoudiyah, southern Baghdad, and 1,600 each in the Nasr and Salam localities of the Iraqi capital, according to Kamel Al Saedi, technical deputy to the governor of Baghdad………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Asian investors, while cautious, remain positive in their outlook on the property market in the next 12 months, according to the latest results from Colliers International’s Global Investor Sentiment Survey.
Majority of those surveyed (79 percent) maintain a high preference to invest in their home markets, results also showed. It noted that 68 percent of Asian investors believed that market conditions would improve in the next five years while only a small percentage (11.7 percent) felt that investment conditions would decline………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Hong Kong faces a critical housing shortage, exacerbated by rising property prices out of reach of most citizens, and rents following suit. The government is devising a long term housing strategy (LTHS), aimed at ensuring optimal use of existing land and housing resources, in the hope of solving this problem in the near, medium and long term.
After collecting the relevant data, it will project demand for both public and private housing to meet the needs of various groups. Joseph Li has spoken to people familiar with housing issues, including the LTHS Steering Committee members Eddie Hui, PC Lau and Wong Kwun to share their insights………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Those looking to buy property in Thailand will be pleased to hear that the market is stable and will continue to be so. Analyst Alisa Tamprasirt from the SCB Economic Intelligence Center (EIC) told the Property Report that people should not fear a price bubble as a result of the rising prices experienced over the last four years.
“A real estate or property bubble is characterised by rapid and continued increases in valuations of real property, causing speculation. But it’s difficult to classify which demand is real and which is speculation,” she explained, adding that the recent price rise in Thailand was a result of economic growth, low interest rates and high construction costs………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Is the property market finally recovering from its malaise? There have been signs recently that prices in the major housing markets are ‘’stabilising,” as economists like to say. But if there is a recovery taking place, the same analysts also admit that it’s patchy, and a little precarious.
If we take a helicopter view of the economy, there have been tentative signs of an improvement in residential property lately. In the September quarter, the Australian Bureau of Statistics said house prices rose in Sydney, Melbourne, Brisbane and Perth. Nationally, annual price growth has also returned for the first time since March 2011………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

The outlook for property prices and new home construction is good but there’s no sign of a 90s style property boom, a central bank analyst says. A growing population, the current low rate of new home construction and a tight rental market have created the right circumstances for an uptick in housing demand, RBA head of economic analysis Jonathan Kearns said on Tuesday.
‘We are not seeing declines in income growth or a significant increase in unemployment, so the strength in earnings and incomes for households is still going to be quite reasonable and certainly sufficient to support an increase in housing construction,’ Mr Kearns told an Australian Business Economists (ABE) lunch in Sydney………………………………………..Full Article: Source

Posted on 14 November 2012 by Laxman |  Email |Print

Household incomes have increased by a third in the last four years, while average house prices have risen nationally by only 1.3 percent in the same period, making recent real estate market buoyancy unsurprising, says Finance Minister Bill English.
Appearing before parliament’s finance and expenditure select committee today, Mr English appeared to have prepared the figures in advance for questions on the apparent heat in the Auckland housing market, where average prices have risen above pre-GFC peak levels………………………………………..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