Tue, Oct 21, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 15.Apr 2013

Posted on 15 April 2013 by Laxman |  Email |Print

Housing and manufacturing reports will lead the data parade next week. Economists expect the numbers to buck the recent trend of weaker activity last month. But forecasters have been wrong before about March data. Next week’s factory reports will cover March and April.
The first of two regional Federal Reserve surveys is scheduled to be reported Monday. The New York Fed’s Empire State survey is expected to show continued expansion although at a slightly weaker pace. The business conditions index is forecast to slow to 7.5 in April from 9.24 in March, according to the median forecast of economists surveyed by Dow Jones Newswires………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

U.S. homebuyers are getting an unexpected boost from the Bank of Japan. As Governor Haruhiko Kuroda’s efforts to spark inflation by doubling the central bank’s bond purchases shrinks the available debt in his country, traders are betting that will bolster demand for U.S-owned Ginnie Mae’s mortgage securities, pushing up prices and lowering yields that guide home-loan rates.
Japanese investors venturing into the U.S. home-loan market typically favor debt from Ginnie Mae, which helps finance borrowers with down payments as low as 3.5 percent, because it carries an explicit government guarantee, unlike Fannie Mae and Freddie Mac notes………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

If your clients vacation frequently in Canada or have children who are attending a Canadian university, they may ask you whether it makes more economical sense to invest in property than to continue incurring high hotel or apartment rent costs. And then they might wonder if they can — and how.
It’s actually pretty easy for U.S. citizens to buy property in Canada. There’s no governmental red tape and lenders are happy to take your money. Also, Toronto, Montreal and across Canada stayed low in 2012 and the risk of an increase this year is modest, according to Canadian Mortgage Trends. Current posted rates for a 5-year term are below 3 percent………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

Forecasters Item Club say chancellor’s Help to Buy scheme will get people moving but broader economic outlook still gloomy. The housing market will finally return to life this year with more than a million people expected to move home – the highest number since the financial crisis struck.
The Ernst & Young Item Club, which uses the Treasury’s economic models, predicted that housing transactions this year will rise by 7.5% to 1m. In its spring forecast the respected economic forecaster said the chancellor’s plan to use £12bn of taxpayer funds to underwrite up to £130bn of mortgages will push home moves up a further 7.8% next year to 1.08m………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

Britain is poised for a housing market revival as the market gives its strongest performance since the crash, according to a leading economic forecaster. More than 1m transactions will take place by the end of the year, representing the most activity since 2007 when there were nearly 1.8m, according to the Ernst & Young ITEM Club. The following year, the market dipped to a low of around 900,000.
After staying roughly flat this year, house prices will start to rise in tandem, up by 2.1pc in 2014, before rises of 5pc and 6pc over the following two years, according to its spring forecasts published on Monday………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

The UK will be “heavily dependent” on the property market this year, with one million house transactions set to offset continued eurozone woes. The Ernst & Young Item Club’s spring forecast warns that the UK will have to wait until 2015 before exports start contributing positively to growth.
It expects GDP to expand by just 0.6% this year and that, with the rebalancing of the economy on hold, the UK will again have to rely on the consumer. This year’s forecast 7.5% rise in housing transactions comes as mortgage costs start to fall due to the Government and Bank of England’s Funding for Lending scheme. And in last month’s budget, Chancellor George Osborne announced plans to underwrite £130 billion of mortgages from next year………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

Residential property sales prices in Dubai rose by about 18 per cent in the first quarter of 2013 compared to the year earlier period even as 2,200 units were added to the stock inventory amid rising investor confidence and stronger macroeconomic fundamentals, Jones Lang LaSalle said on Sunday.
Dubai apartment prices were up 18 per cent and villa prices by 17 per cent in the first quarter, according to the REIDIN general Residential Sale Index………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

Property brokers have called the bottom of the Dubai office market as rents in the best-quality buildings began to rise for the first time in more than four years. Rents for prime offices in the city rose 10 per cent during the first three months of the year after falling in some areas by as much as half during the downturn, according to Jones Lang LaSalle.
The upturn marked the first time since the survey started in 2009 that all sectors of the Dubai property market have shown signs of recovery. Rents in Dubai’s top office districts such as Sheikh Zayed Road, Burj Khalifa Downtown, Jumeirah Lakes Towers and Tecom rose by 4 per cent over the quarter to an average of Dh1,690 (US$460) per square metre………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

The gap in rental and sales prices between the UAE’s capital Abu Dhabi and Dubai is narrowing in the first quarter of 2013, reflecting that Abu Dhabi’s property market is following Dubai’s growth path, a report said Sunday.
According to the report released by Dubai-based real estate agency Asteco Property Management, average rental rates in Abu Dhabi rose by 8 percent in the first three months this year, while sales prices in upscale areas soared by 13.5 percent………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

On March 1, the government rolled out a regulatory plan to tighten control over the sizzling property market, including a new capital gains tax as high as 20 percent on secondhand home sales and higher down payments for second-home buyers.
However, newly released data for China’s property sector in the first quarter of the year demonstrated a confused market, which will make clear-cut policy implementation a tough task, analysts said. Housing costs rose 0.5 percent month on month in March, with rent up 1.2 percent, the National Bureau of Statistics said Tuesday………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

Tycoon Cheng Wai Keung’s plan to sell Singapore’s most expensive private property faces the dual challenge of additional government taxes designed to cool the market and restrictions limiting the sale to locals.
Wing Tai Holdings Ltd. (WINGT) Chairman Cheng is seeking a record S$300 million ($242 million) for a home near the Orchard Road shopping belt. The 85,000-square-foot site on an elevated lot at 33 Nassim Road, near the Botanic Gardens, includes a two-story home, swimming pool and tennis court, according to Jones Lang LaSalle Inc., the sole marketing agent………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

Demand in Malaysia’s secondary property market is expected to remain slow during the first half of this year, a reflection of last year’s trend due to Bank Negara’s lending guidelines, The Star newspaper says.
Quoting Property Hub Sdn Bhd resident manager Wan Choy Heng, the daily said the situation was expected to remain slow as house buyers preferred project launches that come with a developer’s interest bearing scheme (DIBS), in which the developer will bear the interest of the loans until the property is completed………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

Vietnam will not be able to rescue the real estate market if it only relies on the domestic resources. The government has been urged to allow foreigners to buy houses in Vietnam to increase the demand.
In 2008, the National Assembly released a resolution on allowing foreign individuals to buy houses in Vietnam in a 5-year trial period. However, to date, only 500 foreigners have bought houses in Vietnam so far. Most of them are original Vietnamese with foreign nationalities. This has been attributed to too many restrictions set up by the current policies………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

The Australian residential market could be on the road to recovery with pre-conditions now existing for the market to grow, according to CBRE. The Australian Residential MarketView report for the December 2012 quarter shows an improvement in sales volumes but suggests previous significant growth cycles are unlikely to be seen in the immediate future.
“A low interest rate environment, modest improvement in building approvals, an increase in population growth, improving rental yields, expanding buyer enquiry levels, sales volumes improving and recent equity market growth are all necessary for a market geared towards recovery,” says CBRE’s regional director of residential valuations Tom Edwards………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

They’re calling it the great “senior sell off” and it’s scaring suburban America. Still recovering from the housing market crisis of 2007-09, America’s latest concern is a looming glut of unsellable suburban homes as ageing baby boomers seek to downsize.
Respected demographer Arthur C. Nelson, Director of the Metropolitan Research Centre, University of Utah, has analysed data from the American Housing Survey, finding that over the past 30 years, 80% of new homes built in the US were detached single family dwellings. Much of this new construction was of the McMansion variety, exceeding 230 square metres in size, as the post war baby boomers (born in between 1946-1968) raised their families………………………………………..Full Article: Source

Posted on 15 April 2013 by Laxman |  Email |Print

The service sector, accounting for around 70 per cent of New Zealand activity, is reporting steady expansion, underpinned by rising activity particularly in the banking, financial and legal services industries. The latest BNZ-Business New Zealand Performance of Services Index (PSI) clocked in at 54.4 in March, one pip down from February. A reading above 50.0 indicates that the service sector is generally expanding, below 50.0 that it is declining.
That made it the strongest month of March in four years. BNZ senior economist Craig Ebert said although the recent surge in house prices and sales was potentially unsustainable, “the recent hot spots likely helped the March PSI to its still-strong reading for March, via real estate, legal and financial services.”……………………………………….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