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Real Estate Briefing 11.Dec 2012

Posted on 11 December 2012 by Laxman |  Email |Print

Demographic trends built up our housing market, and now they’re going to start pulling it apart. Prepare yourselves, buyers and sellers. The years ahead for housing will look nothing like the last decade.
A report issued by Pacifica Partners Capital Management in B.C., describes the housing market as we know it today as a product of a wave of buying by baby boomers in their peak earning years. Now, as they start entering retirement, boomers aren’t buying houses any more and the younger generation isn’t large enough to pick up the slack………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

The U.S. housing market has faced 16 million foreclosures since its 2008 housing market collapse, but over the past year, the real estate market has been getting more signs that it’s turned the corner.
Home prices have increased for eight straight months, and hard-hit markets are seeing sales ticking back up. Houston’s diverse economy helped buoy it through most of the financial downturn, and recent reports are forecasting good things for the Houston area next year. But what does 2013 hold for the national housing market?……………………………………….Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

As the housing market continues to show improved signs of strength, many first-time home buyers are failing to benefit from the broader recovery.
The Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, released last week, found that first-time home buyers were purchasing only 34.7 percent of the homes sold in October. That’s down from 37.1 percent in September, and is the lowest percentage ever recorded by the survey………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

Beating a banner year in 2011, the Peruvian residential real estate sector in 2012 has broken a 17-year record. According to a study by the Camara Peruana de la Construcción (Peruvian Construction Chamber), 21,990 residential units were sold in Peru in 2012. In 2011 and 2010, 21,441 and 14,516 units were sold.
As high as the residential sales number is, a significantly greater number of residential units could soon be added to the market. According to the Peruvian newspaper Gestión, 48,394 residential units were registered as under construction during 2012………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

British house prices fell faster than expected in November, after dropping at the slowest pace in more than two years the month before, but surveyors were hopeful sales would grow in 2013, a survey showed on Tuesday.
The Royal Institution of Chartered Surveyors’ (RICS) seasonally adjusted house price balance fell to -9 in November from -7 in October, a more negative figure than economists had expected, but the overall picture remained broadly flat………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

The outlook for the UK economy and house prices remains challenging in 2013, according to the latest Halifax UK Housing Market Outlook for 2013, but house prices likely to remain strongest in London and the South East.
The UK property prices will continue to rise, although very slowly, beyond 2013 as the economy shows signs of recovery. Martin Ellis, Halifax’s housing economist, said, “Conditions in the housing market are likely to remain much as they are against this economic background………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

This November the Baku real estate market experienced a price decline by 0.91%. MBA Group consulting company’s general director Nusret Ibrahimov says that since early 2012 market prices rose by 2.63% and by 4.85% versus the 2011 same term figure.
“In November prices on the primary housing market of Baku increased by 0.34% from $884 up to 887 per sq m, since early 2012 growth of prices by 3.75% was registered compared to the 2011 same term index of 1.96%,” he said………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

2012 saw a minor contraction in overall investment activity in Russian commercial real estate. According to Cushman and Wakefield, the expected volume of commercial property investments will reach about US$7.2 billion (€5.5 billion) by the end of 2012. The YoY volume will be 5% less that in 2011.
In 2012 the retail sector will contribute more than 45% of the total volume, the office segment’s share will be about 30% and about 15% and 7% for the hospitality and Warehouse and Industrial segments respectively………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

Despite the negative influence of macroeconomic trends, the office property market in Moscow has remained stable for two consecutive years, according to a new report. In 2012 it has experienced high demand, good supply and stable office rents, says the latest office sector report from commercial real estate services firm Cushman & Wakefield.
New office development is keeping to a similar pace to 2011, with more than 50 office buildings with total area of 650,000 square meters being completed………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

As the end of 2012 approaches buyers and sellers are looking to industry leaders to predict what is to happen in the residential property market in 2013. At present, market analysts from both Absa and FNB predict more of the same: the same stability, the same low growth rates.
There are a number of factors that explain why this prediction is most likely correct, many of them are obvious, some not so much. The first culprit to come to mind is the economy - both local and international - due to the current economic downturn businesses and the prices of commodities, like food and fuel, have been affected around the globe. As such, there are fewer jobs, more insecurities and higher prices on consumables, none of which bodes well for the residential property market………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

The new regulations on real estate financing, leasing and supervision of financial companies issued by the Saudi Arabian Monetary Agency (Sama) are set to transform the Kingdom’s property landscape, said a property expert.
Masood Al Awar, the CEO of Abu Dhabi-based Tasweek Real Estate Marketing and Development commented on short-term investment risks and the impact of Sama legislation in this regard………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

Dubai is likely to witness fresh supply of nearly 36,000 new residential units in the next three years, accrording to CB Richard Ellis (CBRE). However, new research put out by a top consultancy shows that this is unlikely to slow the steady rent and sale price rise that the emirate is experiencing on the back of strong economic recovery.
“We expect around 36,000 new residential units (apartments and villas) could enter the market during the period 2013 to 2015 provided that construction delays are minimal,” reckons Matthew Green, Head of Research & Consultancy UAE, CBRE Middle East………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

Blackstone Group LP (BX), the biggest manager of real estate private-equity funds, seeks to raise more than $2 billion for its first property pool focused on Asia, a person with knowledge of the effort said.
The exact amount hasn’t been determined, said the person, who asked not to be identified because the information is private. Tony James, New York-based Blackstone’s president and chief operating officer, hinted at the company’s plans last week at a conference sponsored by Goldman Sachs Group Inc………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

The silver lining for the Mumbai real estate residential market may have arrived after almost a year long wait. Led by strong demand and stable pricing, housing sales have finally begun to show an upward trend again.
Khushru Jijina, Managing Partner, Indiareit Fund Advisors says, “If you study it you will see that people were waiting and watching when the prices will come down. I would not say that the prices have fallen drastically but they have stabilised and there are good deals on the table today for both investors and consumers. Also now all the guideline changes effected by Subodh Kumar have into play so the market has stabilised.”……………………………………….Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

Singapore property investors are now moving across the Causeway in search for new opportunities. This has caused residential property prices in Johor’s Iskandar region to climb almost four fold since they were launched some 5 years ago.
A bungalow in Horizon Hills which cost about RM1 million (S$400,000) about 4 years ago now costs about RM5 million. Meanwhile, land plots for bungalow developments in Iskandar are going for around RM90 and RM100 per square foot, up from around RM20 psf about 5 years ago………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

Jakarta ranks first on the most preferred destinations list for real estate investment, according to the “Emerging Trends in Real Estate: Asia Pacific 2013″ survey report, published jointly by Washington-based Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).
It shot up to the number one position from 11th place and overthrew Singapore, which topped the list last year. The report shows that Jakarta leads both city investment prospects and city development prospects lists with scores reaching 6.01 and 6.10, respectively, outperforming Shanghai, Singapore, Sydney and Kuala Lumpur………………………………………..Full Article: Source

Posted on 11 December 2012 by Laxman |  Email |Print

New Zealand house values remain high but growth is patchy and prices in some parts of the country are in retreat, Quotable Value figures show. National values rose 1.9 per cent over the past three months, by 5.7 per cent up over the past year, and were now 1.5 per cent above the previous market peak of late 2007.
QV research director Jonno Ingerson said nationwide values were driven primarily by Auckland and Canterbury, where demand outstripped supply………………………………………..Full Article: Source

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