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Real Estate Briefing 25.Jan 2013

Posted on 25 January 2013 by Laxman |  Email |Print

A U.S. housing-market revival may prove illusory and the threat of further weakness remains, said Robert Shiller, a professor at Yale University and co-creator of the S&P/Case-Shiller index of property values.
“The housing market has been declining for something like six years now, it could go on, that’s my worry,” Shiller told Tom Keene in a Bloomberg Television interview today in Davos, Switzerland. “The short-term indicators are up now, it definitely looks better, but we saw that in 2009.”……………………………………….Full Article: Source

Posted on 25 January 2013 by Laxman |  Email |Print

Optimism is building about a recovery in the US housing market but plenty of questions remain. ‘Forecast: Home prices will rise 6pc in 2013,’ read a recent headline in USA Today. No wonder President Barack Obama was in such combative mood when he delivered his second inaugural address on Monday.
An improving economy will make it easier to push through his political agenda over the next four years. As freezing temperatures descended on much of the US this week, it was not just the White House that was being warmed by the cheer from the housing market………………………………………..Full Article: Source

Posted on 25 January 2013 by Laxman |  Email |Print

Single-family home sales in the Bay State climbed 18 percent in 2012, marking 12 consecutive months of year-over-year sales gains and the best year on record since 2006, according to industry tracker The Warren Group.
In all of last year, home sales statewide rose to 46,887 compared to 39,594 in 2011. Single-family home sales in Massachusetts also rose 8 percent to 3,688 last month, up from 3,410 in December 2011. In 2006, there were 50,724 sales, The Warren Group said………………………………………..Full Article: Source

Posted on 25 January 2013 by Laxman |  Email |Print

New Yorkers in all regions are viewing the real estate market positively for the first time in three years, including increased optimism about housing values and market conditions. A Siena College real estate sentiment report released Thursday found that for the fourth quarter in 2012, the overall confidence score about the housing market increased by 11.9 points from last quarter.
“For the first time in this study’s history, dating back to the first quarter of 2010, New Yorkers as a whole and in every area of the state say that the market has turned and that values over the last year have improved,” said Don Levy, director of the Siena Research Institute, in a statement………………………………………..Full Article: Source

Posted on 25 January 2013 by Laxman |  Email |Print

Annual investment capital flow into the Canadian real estate sector is predicted to be close to CDN$30 Billion in 2013. This is a slight dip from the previous cyclical high of CDN$32.1 Billion in 2007, but above the long term average of CDN$19.3 Billion. Solid fundamentals will continue to characterize Canada’s real estate market despite a turbulent backdrop of uncertainty in international economies and financial markets.
“We anticipate strong interest in Canadian real estate from a broad cross section of investors in 2013, with the REIT sector dominating transactions,” said Keith Reading, Director of Research at Morguard. “Canadian property values will remain at the peak, given access to low cost capital and attractive yields.” (Press Release)

Posted on 25 January 2013 by Laxman |  Email |Print

A gradual recovery in economic performance and business confidence this year will set the European real estate market up for a stronger recovery in 2014, according to global real estate advisor, CBRE.
European property markets faced a difficult economic environment in 2012, with heightened fears of a euro break up in the first half and output flat or falling across almost all the continent by the year end. 2013 has started more positively, with the threat of euro disintegration receding, together with encouraging news from China and the US, underpinning some signs of improvement in market sentiment and business confidence……………………………………….Full Article: Source

Posted on 25 January 2013 by Laxman |  Email |Print

Surging international demand for central London offices helped draw £14bn of investment into the capital’s commercial property market during 2012, marking a return to pre-financial crisis levels of activity.
The total, two-thirds from foreign buyers, made spending in 2012 the third-highest level on record, after 2006 and 2007, and 50 per cent up on the amount invested during 2011, according to research for CBRE, the property consultancy………………………………………..Full Article: Source

Posted on 25 January 2013 by Laxman |  Email |Print

Growth of direct commercial real estate transaction around the world will more than double the 2012 rate by 2030 as investors respond to shifting economic conditions by channeling more capital into commercial real estate, particularly in the Asia Pacific region, a leading international property services provider has predicted.
Global direct commercial real estate investment market is expected to exceed US$1 trillion per annum by 2030, compared with nearly US$450 billion registered last year, according to a latest research report released by Jones Lang LaSalle………………………………………..Full Article: Source

Posted on 25 January 2013 by Laxman |  Email |Print

In 2012, the market has brought discouragement for the developers in real estate which is why it is now a big question on how the market performance would be in 2013. This article speaks about the insights of India’s real estate market in 2013 from real estate expert, Ashutosh Limaye, Head- Research & Real Estate Intelligence Service, Jones Lang LaSalle India.
This New Year, developers are hoping for an optimistic future for real estate segment with the government’s plan to give realty sector an industry status and favourable policies, after a long wait………………………………………..Full Article: Source

Posted on 25 January 2013 by Laxman |  Email |Print

Bank lending to China’s property sector eased in the last quarter of 2012 but remained at a relatively high level as the property market recovered, data from the central bank showed on Thursday.
Chinese banks lent 367.9 billion yuan ($59.17 billion) to home buyers and property developers between October and December, cooling from the third quarter’s 416.8 billion yuan, though still sharply higher the first quarter’s 242.7 billion yuan - the low point of last year………………………………………..Full Article: Source

Posted on 25 January 2013 by Laxman |  Email |Print

Singapore’s latest round of measures to curb record property prices has become a stumbling block in the city-state’s two-biggest corporate takeover deals.
Overseas Union Enterprise Ltd. (OUE) this week gave up its two- month S$13.8 billion ($11.2 billion) tussle against Thai billionaire Charoen Sirivadhanabhakdi for property and drinks company Fraser & Neave Ltd., citing the measures. Wheelock Properties Ltd., which tried to thwart a plan by SC Global Developments Ltd.’s chief executive officer to buy out the company, dropped the fight less than a week after the new rules, citing “market developments.”……………………………………….Full Article: Source

Posted on 25 January 2013 by Laxman |  Email |Print

Colliers International said private home prices are expected to remain relatively stable with marginal downside this year, thanks to the government’s latest cooling measures imposed in January 2013.
In the face of mounting supply, rents are also expected to weaken this year. According to a report by Colliers International, average monthly gross rents of luxury/super-luxury homes are expected to decline by up to a maximum of 10 per cent in 2013………………………………………..Full Article: Source

Posted on 25 January 2013 by Laxman |  Email |Print

Rising house buying activity in the last 12 months and greater enthusiasm from buyers suggests Demographia’s has overstated the severity of housing affordability in Australia, says Australian Property Monitors chief economist Andrew Wilson.
The hotly-debated Demographia survey ranked Australia as the third least affordable housing market in Australia behind Hong Kong and Canada. Sydney ranked as the third most expensive major housing market in the world - with a median multiple of 8.3 topped by Vancouver in Canada at a multiple of 9.5, and, most expensive, Hong Kong where the multiple sits at 13.5………………………………………..Full Article: Source

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