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U.K. housing gauge falls to lowest since May 2009: RICS

Posted on 14 September 2010 by Laxman  |  Email |Print

From Bloomberg: A U.K. housing-market gauge fell more than economists expected in August to the lowest since May 2009 as an increase in supply of homes for sale pushed down prices, the Royal Institution of Chartered Surveyors said.
The number of real-estate agents and surveyors saying prices fell exceeded those reporting gains by 32 percentage points, down from minus 8 points in July, the London-based group said in an e-mailed report today. The median forecast in a Bloomberg News survey of 17 economists was minus 12 points……………………………………….Full Article: Source

US: Housing market continues to decline

Posted on 27 August 2010 by Laxman  |  Email |Print

From With sales collapsing for several consecutive months for both new and existing homes, it’s clear that the underlying “organic” trend for home purchases is weak which combined with rising inventory, a recently estimated 7.3 million “shadow” units (far more than a whole years supply at the current sales pace) and rising foreclosure activity, will likely led to another bout of falling prices forcing more “homeowners” under water and further impacting overall consumption.
The ruse of government sponsorship of the nation’s housing markets and its “stabilizing” effects is quickly showing itself to be simply failed policy and with this realization we will have to accept the truly debilitated state of our housing markets however severe……………………………………….Full Article: Source

CBRE signals increased lender confidence in Q1

Posted on 10 May 2010 by Laxman  |  Email |Print

From Financing conditions eased in Q1, according to CB Richard Ellis in its latest Capital Markets Report. The report, which focuses on banks’ propensity to lend to real estate across Europe, has signalled a modest increase in maximum loan-to-value ratios (LTVs), with all key European markets now at or above 65%, accompanied by margin falls in Germany and the UK.
Conversely, one significant indicator of increasing lender confidence identified in the report has been the growing appetite for development finance - a segment of the market which came to an abrupt halt in the very early stages of the credit crunch……………………………………….Full Article: Source

Australia: Foreign banks cut property lending

Posted on 30 March 2009 by Laxman  |  Email |Print

From The Australian: Dexia SA, Bank of Tokyo Mitsubishi, BOS International, ING and Merrill Lynch have been named as some of 23 foreign banks that are withdrawing or have signalled plans to scale back their commercial property lending in Australia.

In a briefing document to federal political parties, the Property Council of Australia has warned there is “clear evidence that foreign financiers are leaving the Australian market at an accelerating pace”…..Full Article: Source

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