Wed, Sep 24, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 07.Jan 2013

Posted on 07 January 2013 by Laxman |  Email |Print

As the market for initial public offerings comes back to life after a holiday lull, deals from home builders are likely to be among the first out of the gate, with issuers trying to capitalize on an improving U.S. housing market.
Taylor Morrison Home Corp. and TRI Pointe Homes Inc., which filed plans for IPOs with the Securities and Exchange Commission last month, would be the first home-builder IPOs since late 2004, the housing boom’s salad days, according to Dealogic. The IPOs could come as soon as this month………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

After hitting a low of $6.45 trillion in the final quarter of 2011, Americans’ combined home equity jumped 20% during the next nine months to $7.71 trillion. With all the nail biting over fiscal policy and the economy in the closing weeks of 2012, you might have missed some of the positive trends under way for real estate.
Start with home equity. It’s growing again significantly after five years of declines and stagnation. This is a huge piece of good news that hasn’t received much attention………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

Property prices could take another eight years to recover from the recession and regain their 2007 value, according to forecasts by an estate agent. Homeowners in Wales, North Yorkshire and the North West will wait the longest to see the value of their property return to pre-recession value according to Knight Frank.
In Wales, prices won’t return to their average peak of £154,696 until 2021 with the current market value more than £20,000 down to less than £132,000………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

Few Western countries are as conservative about home ownership as Germany, where less than half the country’s citizens own property. German banks have tough lending rules. Would-be buyers are usually asked to provide hefty down payments to secure mortgages, meaning few Germans even think about buying a home until they are settled and financially secure.
But the European debt crisis appears to be changing the traditions around home ownership. The resulting surge in homebuying, some officials warn, is driving prices too high and threatens the nation’s economy………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

As of the end of 2012, German Open-Ended Funds (GEOFs) hold assets worth around €83 billion globally. The report examines the current and potential future impact from the liquidation of GOEFs on the Eastern European investment market.
The key findings of the report: Approximately €4.5 billion worth of assets in Eastern Europe are currently held by GOEF‘s………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

Italy’s outgoing prime minister, Mario Monti, said on Sunday he would alter an unpopular property tax imposed by his own government, as a poll showed his centrist bloc gaining in popularity ahead of next month’s election.
Monti’s new centrist formation was third in a survey published on Sunday ahead of the February 24-25 parliamentary vote, behind a centre-left coalition led by Pier Luigi Bersani and the centre-right bloc of former prime minister Silvio Berlusconi………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

With the resounding thud of a stable door and the receding clip-clop of horses’ hooves, Bulgaria’s government is to look into damages and threats to the country’s Black Sea coast from construction in ecologically sensitive areas.
All of this is a consequence of a controversy that captured the attention of national media and social networks when conservation groups said that a construction project was proceeding in a dune area near the coastal town of Nessebur on Bulgaria’s Black Sea coast………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

Banks in the United Arab Emirates plan to ask the central bank to delay by 30 days implementing new caps on mortgage lending that were announced at the end of last year, according to two bankers familiar with the plan.
They also plan to speak with the central bank on new loan- to-value lending limits required for both citizens and foreigners, the bankers said, asking not to be identified because the discussions are private………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

Dubai’s property market will grow at a steadier and more stable pace over the next year, providing solid investment opportunities for the savvy investor, said leading executives in the industry. Independent reports have put the growth in prices of real estate in Dubai through 2012 at anywhere from 7-19 percent, depending on location and the quality of the project.
Dubai Statistics Centre is predicting a 10 percent growth in visitors this year, while a Bank of America/Merrill Lynch report is anticipating 15 million tourists to Dubai by 2020, up from eight million in 2011………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

Qatar’s national office for statistics recently announced that the country’s population had soared to 1.83 million at the end of 2012, showing 7.5 percent growth over the previous year.
The growth, as we know, is driven by a huge influx of foreign workers who are needed for the mega development projects that are being launched for the 2022 FIFA World Cup. The current year, market sources believe, might prove to be crucial in terms of population growth as work on a number of infrastructure projects is likely to begin, necessitating an added influx of foreign workers………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

For a first-time buyer scouting for the best property in town, it is easy to get overwhelmed by the deluge of marketing offers. With offers like ‘No EMI till possession’, ‘sure-shot returns’, or other discounts or freebies, developers leave no trick in the book to charm you into buying their property.
Even if you manage to escape the developers, there are still pushy brokers - who claim to have your best interest, promising you the best deal - to avoid………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

Major Chinese real estate developers consolidated their market leadership last year even as measures to curb housing speculation remained. Fifty-two developers sold properties worth more than 10 billion yuan (US$1.58 billion) in 2012, up from 37 in 2011 and 35 in 2010, the China Index Academy, a leading real estate research body, said in its latest report.
Shenzhen-based China Vanke Co remained the country’s largest builder after selling 145.2 billion yuan worth of properties last year, immediately trailed by Poly Real Estate Group and Shanghai Greenland Group, which both sold properties valued at over 100 billion yuan………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

A high-profile effort by the Chinese government to build affordable houses for the millions priced-out of the country’s property market is marred by official corruption, state run media said on Saturday.
China in 2010 launched a massive “affordable housing” drive as part of an effort to defuse widespread discontent about the country’s house prices, which have skyrocketed over the last decade………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

Beijing has seen an increase in the number of residential apartments sold in the city and witnessed a drop in prices for newly built homes in 2012, the Beijing Real Estate Association said on Sunday.
The capital sold about 230,000 residential apartments, a 36.9 percent year-on-year increase, statistics released by the association said. The average price for newly built residential apartments was 20,700 yuan(about 3322 U.S. dollars) per square meter. The figure was a 7.6 percent year-on-year decrease from that in 2011………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

Bangkok’s property market ended 2012 on a positive note, with strong demand propping up rental values, occupancy and take-up rates across all major sectors. These are the findings of a report by the California-based DTZ, the property consultancy unit of Australia’s UGL Ltd.
After several years of retarded growth, the prime office sector rebounded positively in the second half of last year, registering increases in both rents and occupancy on the back of strong demand from corporate clients………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

Bank of Japan Deputy Governor Kiyohiko Nishimura said property prices in Japan may have fallen too much in the aftermath of a real estate bubble that collapsed in the 1990s.
“In the case of Japan, property prices are too low compared to fundamentals,” Nishimura said in response to a question from the audience after delivering a paper in San Diego yesterday. Demographic changes in the country may have created too much pessimism in the housing market, he said………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

Australia’s flagging property market is poised to get a boost from record low interest rates and a housing shortage that could boost prices by as much as 10 per cent this year.
The Reserve Bank of Australia has cut the cash rate by 1.75 percentage points since November 2011 to match a 50-year low, which has helped reduce standard variable mortgage costs to 6.65 per cent in November, the lowest in almost two years, central bank data show………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

This year’s federal election could have a negative impact on the housing market, according to some economists. A new report by business research and forecasting group BIS Shrapnel says property values in Sydney are likely to jump 6% after the election, while Brisbane will experience an 8% rise.
However, BIS has downgraded its growth forecasts for 2013, saying the timing of the election could result in a slump. In an interview with The Australian reporters Sarah Danckert and Nick Leys, BIS managing director Robert Mellor says that, once sentiment turns, it’s possible for things to get worse in the short term………………………………………..Full Article: Source

Posted on 07 January 2013 by Laxman |  Email |Print

Australia’s love affair with foreign investments has started to cool but Aussie assets are still proving hot property with overseas buyers. Australians own $1.17 trillion offshore investments, a dip of $20 billion compared with the previous year but foreign buyers are as keen as ever on our nation.
According to the latest Australian Bureau of Statistics data, international investors own a record $2 trillion of Australian financial assets………………………………………..Full Article: Source

See more articles in the archive

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930