Taipei real estate prices continue to rise
2008-03-04 04:38:00
The greater Taipei
region's real estate market bucked the trend of a traditionally slow second month of the year to post gains for February, according to the latest realtor company statistics released Monday.The average real estate price in the region in February rose 3 per cent from a month earlier to NT$304,000 (US$9,790) per ping, a Chinese measure equivalent to 3.3 square meters.In Taipei City, real estate prices rose 2.5 per cent month-on-month to NT$363,000 per ping, while in Taipei County, prices increased 3.5 per cent to NT$225,000 per ping.
South African Growth Unexpectedly Accelerates to 5.3%
2008-02-26 05:31:00
The finance, real estate and business services industry, representing 20 percent of the economy, rose 8.5 percent last quarter, compared with 12.3 percent in the previous three months.Growth
in the retail and hotels industry slowed to 2.1 percent from 4.5 percent in the third quarter, the statistics office said.
Read more: South
, African
Canada's real estate boom turns 10 years old
2008-02-22 15:52:00
Prices of resale homes from 1997 to 2007 increased by 78 per cent for a 5.9 per cent compounded annual rate of return, according to the real estate firm. Unit sales were also 61 per cent higher in 2007 over 1997."The Canadian real estate market has surprised a lot of people, especially given the challenges we've faced from a high-tech meltdown, the 9/11 crisis, SARS and a credit crunch south of the border," says ReMax spokeperson Christine Martysiewicz. "Over the past 10 years, real estate has shown incredible resilience."
Read more: Canada
, turns
Asian real estate funds post losses
2008-02-18 01:25:00
Real estate securities funds investing in Asia swung into losses in the fourth quarter of 2007, extinguishing the last remaining bright spot for the global industry, according to data from AME Capital, a research outfit.European fund management groups have increasingly been turning their attention to Asian
property in the past year as developed world real estate markets have slumped.
Optimistic Outlook for India's Corporate Real Estate Sector
2008-02-14 00:31:00
According to the group's combined research, regional growth is likelyto remain strong in 2008 with the Asia-Pacific expected to enjoy soundproperty market fundamentals. To date, issues associated with the USsub-prime mortgage sector have had little impact on the region. As aresult, most markets continue to be attractive to investors and sentimentsremain positive. The group reports that regional liquidity levels are high and giventhat both local and foreign investors have maintained their allocations toreal estate in recent months, corporate realty prices have held up.
Read more: Outlook
, India
, Estate
Luxury Resort Area Still Feels Real Estate Pinch
2008-02-07 18:59:00
Big Sky, Mont., is a favorite getaway spot for the super-rich, but that hasn't kept the area's real estate market from feeling the pinch in the current housing slowdown.The community, an unincorporated area about 45 miles east of Bozeman and 50 miles from the northern edge of Yellowstone National Park, is anchored by four large resort developments on and around the 11,000-foot Lone Peak mountain.
Read more: Estate
, Luxury
, Resort
, Feels
Real Estate Investing, Made Easier Online
2008-02-03 17:11:00
But that was a decade or so ago. Nowadays, investing in commercial real estate is easier and far more transparent. With the help of resources that have emerged online in recent years — from third-party sources and, increasingly, brokers — property buyers can quickly narrow their searches, view sophisticated maps and obtain myriad pieces of data about market conditions, demographics or recent sales and leases, long before they ever set foot in a building. Many Web sites also include international property.
Read more: Estate
, Investing
, Real Estate
Real estate securities funds investing in Asia swung into losses
2008-01-30 03:33:00
The AMEC analysis, which covers 685 funds valued at $169bn, suggests that even the Asia
n property sector has now turned negative, at least if the equity prices of companies based in the region are a guide. According to AMEC, the average Asian real estate securities fund fell 7 per cent in the fourth quarter, slicing the calendar year 2007 return to a meagre plus 0.25 per cent, a far cry from the 24.3 per cent recorded in 2006.
U.K. Real Estate Losses May Be Biggest in 25 Years
2008-01-25 05:04:00
The U.K. market is falling apart,'' said Peter Hobbs, London-based head of research at RREEF Real Estate
, a Deutsche Bank AG unit that manages about $100 billion. ``There's a risk that this cyclical downturn turns into something worse.''Britain's 700 billion-pound commercial property market will perform worse in 2008 than the rest of Europe, the U.S. and Asia, Hobbs said. The slide is accelerating as banks tighten lending standards across the globe after losses of more than $90 billion from U.S. mortgage investments.
Read more: Real Estate
, Losses
, Years
Canadian residential real estate future is solid
2008-01-25 05:00:00
The Canadian
housing market in 2007 set a number of MLS(R) sales records, and the re-sale housing market is expected to remain at near record sales levels in 2008, according to The Canadian Real Estate Association.Annual residential
MLS(R) sales activity totaled 520,747 units in 2007,up 7.6 per cent from 2006 levels. This was the largest annual sales growthsince 2002, and the first time transactions via the MLS(R) systems of realestate boards in Canada have surpassed 500,000 units sold in one year.
It's getting harder to hide from the housing bust.
2008-01-24 16:56:00
Even Manhattan, where prices continued to rise briskly last year, looks more vulnerable to a slowdown. Falling home prices and soaring defaults elsewhere have created more than $100 billion of losses on mortgage-related securities at Wall Street firms, destroying many jobs in the New York area. The number of homes listed for sale in Long Island and Queens at the end of 2007 was enough to last 18 months at the current sales rate, up from a 12-month supply a year before.
U.S. real estate a 'bargain' for foreign buyers
2008-01-24 04:18:00
"When you consider how the U.S. dollar has slid in value compared to other international currencies, you begin to understand why investors are purchasing real estate in this country," said Mitch Creekmore, senior vice president of Stewart Title Co. "Real estate prices here are a bargain compared to many areas in western Europe and Asia."The currency environment probably played a major role in the proportion of foreign buyers who paid cash for their homes. The cash group (28 percent) was much greater than that of the general U.S. home buyer population (8 percent).
Islamic real estate deals set to grow
2008-03-11 11:18:00
ABU DHABI: Islamic
real estate financing is a sleeping giant about to awaken with international multi-billion dollar deals set to make new records this year, according to leading finance industry watchers.The burgeoning economies of the GCC along with Asia Pacific are the driving forces says Real Estate Finance and Investment Conference director Irina Awote.The conference will be held alongside the second Cityscape Abu Dhabi - the international real estate and investment event from May 13 to 15.One of the main areas of growth is expected to be in Islamic real estate investment trusts, according to the ratings agency Moody's Investors Service. "Given the phenomenal property boom in these markets, Islamic real estate investment trusts are a much needed product and a useful investment tool,"
What's Going on With Toronto's Real Estate Market?
2008-04-04 17:03:00
There were a couple of reports yesterday that are sure to make the average home buyers head spin.While the Toronto
Real Estate
Board announced a startling 22% drop in sales in March, RBC Chief Economist Craig Wright tells us that Ontario is on the brink of a recession which will be short lived thanks to Ontario's healthy real estate market.So what's really going on? Is the market 'cooling down', heading for a US style collapse, or is our real estate market healthy?One important point to be aware of is that the decline referred to in media reports has to do with sales volume, not average prices. Average prices continue to be on the rise.
Read more: Going
, Market
, Real Estate
US Commercial Real Estate Loans to Weaken as Economy Slows
2008-04-17 05:23:00
Since the fourth quarter of 2007 when the commercial mortgage-backed securities market effectively seized up, there has been concern that lax underwriting in residential lending would bleed over into commercial real estate loans. Furthermore, if the latter underwriting was indeed less than stellar, how much exposure would U.S. banks and brokers face from commercial real estate loans?As of the fourth quarter of 2007, losses on large bank commercial real estate loans had expanded to 48 basis points, up from 7 basis points in the previous eight quarters — largely attributable to the risky construction sector.
Read more: Commercial
, Estate
, Loans
, Weaken
, Slows
New Features for Data Hungry House Hunters
2008-05-06 03:56:00
Now, house hunters visiting RealEstate.com can get their fingers on neighborhood information for more than 22,000 cities nationwide while searching homes for sale online. When a home listing is displayed, a RealEstate.com visitor can browse local neighborhood information such as housing statistics and recent price trends, crime statistics, weather, demographic statistics such as average income levels and cost of living data, as well as average commute times specific to the area someone is searching.For additional locality information, visitors can also narrow their home search and choose to view a neighborhood's topography through all-new terrain maps. This aerial view, as well as new traffic pattern maps provided by Google Maps(TM), gives visitors a birds-eye view of a neighborhood's land
Read more: Hungry
, House
, Hunters
U.S. Real Estate Prices Fall to 2004 Levels
2008-06-25 03:55:00
The 20-city S&P/Case-Shiller Home Price Indices for April was 169.85, compared with 167.43 in August 2004, evaporating the appreciation homebuyers saw in the past four years.Nationwide, the 20 major American cities in the index, which tracks the sale of single-family homes monthly, declined a record 15.3%, with 13 cities reaching all-time lows. In New York, home prices dropped 1.3% in April from t
Read more: Real Estate
, Prices
, Estate
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