News Archive: property markets
18, 2012 January:
Are Canadian home prices really floating on top of a big bubble? Probably not. But there continue to be reputable observers who are willing to describe today's undoubted priciness as a "bubble." Why is this?
"Global Property Guide" says that prices will continue falling in the coming months.
Confidence levels across the Australian real estate sector remain in positive territory, a new survey has revealed, although some areas are faring better than others.
Housebuilder Taylor Wimpey (LON:TW.) today forecast second half profits would rise by more than 80% after conditions in the housing market exceeded its expectations.
17, 2012 January:
100,000 people will need homes in London every year until 2016, experts predict. To meet growing housing demand, architects have dreamed up a sky-high solution: a 1,500 metre tower with room for 100,000 people, despite new research revealing an "unhealthy correlation" between skyscrapers and financial crashes...
Sam Saggers, CEO of Positive Real Estate, discusses the Australian property market 2012 forecast.
Blessed by nature, the Seychelles is an archipelago of 115 islands with superb beaches, an unspoiled landscape, virgin forest, amazing marine life, lots of orchids, bougainvilleas, hibiscuses, gardenias and frangipani, and a profusion of bird species found nowhere else. It is 1,600 km off the coast of East Africa, with a population of only 81,000.
China's leading residential developers are planning a surge in investment fund activity during 2012 as they try to bridge an estimated financing gap of $111 billion in the year ahead.
The global housing market suffered its worst performance for more than two years in the third quarter of 2011 according to property consultancy Knight Frank.
16, 2012 January:
Vegas set a new home sales record in 2011, the latest figures reveal. 48,186 homes were sold last year, with the state recording the highest number of property transactions in over a decade. As foreclosures filled up the market, investors began to gamble on Nevada's real estate in 2011. With 2012 expected to be equally strong, that bet is starting to pay off.
2011 is emerging as a record year for the German residential market. More than 220 large-scale residential portfolios were sold to international investment groups during the year versus 171 in 2010, the Patrizia Immobilien Group told OPP this week.
New research has shown that over 500,000 house sales fell through at the end of 2011, a jump of 33% from the beginning of the year.
Andalucia's prime locations have seen an upturn in the fortunes of their property markets over the past year, it has been claimed.
Rightmove’s early indicators of housing market activity in 2012 show that interest in buying is strong despite the lack of mortgage finance, though the willingness or ability of new sellers to come to market remains weak.
Investment activity in the core Eastern Europe property markets of Poland, Czech, Slovakia, Hungary and Romania increased in 2011, according to global property consultant Cushman & Wakefield.
2011 was a year of slow house price growth for South African property after the mini recovery in 2010. The market in 2010 had been buoyed by major interest rate cutting from December 2008 to August 2009 and a global economic recovery of sorts. The 2012 residential market shows strong supply relative to demand, and a mediocre economic performance at best.
13, 2012 January:
Sustained heavy snowfall blanketed French ski slopes making the Christmas and New Year season far busier than expected, leading to a 75% occupancy rate across Alpine resorts, according to market analyst company Protourisme.
Asking prices for homes on the market in England and Wales have fallen 0.3% since December, according to the new Home.co.uk Asking Price Index. The report, which is the UK’s only independent forward market indicator, finds that the decrease is in line with seasonal expectations.
Australia's Housing Industry Association revealed new figures this week showing that the number of house-building approvals rebounded in November after recording their lowest level in 29 months in October 2011.
The number of new homes in the UK decreased slightly last year, says The National House Building Council (NHBC).
London’s luxury market saw prices increase for a 14th consecutive month in December 2011 as overseas property buyers slugged it out to buy “safer” investments and to compete in a sector that is beginning to suffer from a severe lack of stock, international agency Knight Frank LLP told OPP this week.
*For sale signs dot communist-run island * Lifting of decades-old ban on house sales welcomed * Cuban Americans eye residential real estate market
Prices for property in Spain decreased by four per cent last year, according to a new report.
12, 2012 January:
Provence-Alpes-Côte d'Azur is the most popular region of France for property, according to a new infographic by TheMoveChannel.com. The chart, based upon the enquiries received by the overseas property portal last year, shows that South France attracts the most attention from buyers, with Provence-Alpes-Cote d'Azur accounting for 15.65 per cent of all enquiries about French real estate in 2011.
A growing number of experts believe that the Spanish property market is showing signs of recovery following the well documented economic crash which has plagued numerous global property markets.
Under right to buy, tenants become homeowners, the building industry gains a long-term programme and jobs are created.
The property market in South Africa could be set for positive growth this year, an expert has said.
Data released today indicates that the number of improving housing markets nearly doubled in January, providing the latest evidence of a real estate turnaround.
11, 2012 January:
Portuguese agency Infinito Real has taken on four new members of staff to cope with a surge in activity as “cheap prices and high-interest savings accounts attract seasoned investors and amateur overseas landlords to the market.”
Spanish Banks are prepared to lend over 100% on their own properties that have been repossessed, it has been revealed.
The first interest rate cut in two and a half years has had an immediate impact with sales of new homes jumping 6.8%.
China’s land sales plummeted by 13% in 2011 as prices flattened according to a new report.
10, 2012 January:
The White House is preparing a plan to sell foreclosures for renting, just as the US buy-to-let market hits fever pitch. Demand for rentals is high with overseas investors taking advantage of low prices, while US homeowners let spare rooms and driveways - and scammers rent out homes that are already occupied.
Sales activity remained relatively firm during December and an increasing amount of new stock came onto the housing market, according to the latest UK Housing Market survey published by the Royal Institution of Chartered Surveyors.
Spain's property market will not grow in 2012, the Fitch ratings agency has predicted. The country's GDP growth is forecast at zero per cent, with Fitch adding that any growth will be limited to the long term, but agents are confident that the country's continuing debt crisis remains good news for investors.
Buoyed by high oil prices and a robust economy, the residential property market in Oman is set to remain strong in 2012 but, under the constraints of a continuing oversupplied market, buyers and tenants will very much be governing the sector, according to a new analysis.
A robust end of year mortgage market has meant that activity in the fourth quarter of the year outstripped that of a year ago, according to the latest Housing Market Activity Report by Connells Survey and Valuation.
09, 2012 January:
Istanbul property prices are surging as buyers remain hungry for Turkey after Christmas. Values of prime houses in the capital are rising, according to figures released by Castle Research. Strong appetite for apartments has driven up prices, with rents increasing by 10 per cent per year as investors gobble up Turkey's real estate.
The total number of empty homes in England increased by 1.8% in 2011, the latest annual Halifax Empty Homes survey reports.
Vancouver’s property market slowed down in the second half of 2011 after a booming start to the year according to a new report.
The New Zealand property market saw a further tightening of supply in December, more especially in the three major cities where the market remains very firmly as a sellers market, according to the latest NZ Property Report.
Although cooling measures for the real estate market in Singapore are set to continue in 2012 more land is to be released for the development of executive condominiums.
06, 2012 January:
Las Vegas homes for sale year end activity sets the stage for what could make Vegas the #1 city in America for 2012. LasVegasRealEstate.org reports diverse world-wide attention to purchase as the medium the home price starts at $122,000
Flush with cash from an oil boom and plentiful jobs, North Dakotans are snapping up homes 1,500 miles away in balmy Arizona, where prices have plunged since the real estate bubble burst.
November saw a surprise rise in loan approvals for new homes, according to the latest Bank of England figures.
05, 2012 January:
Mitt Romney beat rivals in Iowa this week, as the US Republican party elects its next presidential candidate. But Romney has been trumped by another winner: Iowa's farmland is leading a Midwest boom, with prices reaching levels last seen in 2007. As the National Association of Realtors reports a sustained housing recovery across America, has US property got your vote in 2012?
Canada's resale housing market tightened slightly in November, as sales rose in more than 50% of markets while the number of listings declined, the Conference Board of Canada said Tuesday.
The regional government in Valencia, Spain, has set up a special commission to study ways in which the region can sell more homes to overseas property buyers.
This year has been a disaster for the Cyprus property market with the number of sales falling below those of 2009, the year the market crashed, and prices that are in a downward spiral with no sign of a recovery.