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The Indian real-estate market may continue to face sharp decline in foreign investments – (AIG, NLY, CIM, AGNC)
The real-estate market in India, despite its opportunities, has seen a sharp decline in investments from overseas over the past two years and, in future , global investors are expected to be more cautious investing in markets that lack international standards, according to Sean Tompkins, global chief executive officer of UK-based Royal Institution of Chartered…
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Economist: UK housing market gets further evidence of an upturn – (AGNC, AIG, NLY, CIM)
An unexpected rise in new mortgage approvals to a nine-month high in October gave further evidence on Friday of indications of an upturn in the UK housing market. The British Bankers’ Association (BBA) reported that approvals were higher than expected at 33,039, as compared to 31,544 in September. Economists had predicted a smaller growth to…
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Analyst: Demand in Waterloo Region’s Housing market will rise next year – (NLY, AGNC, AIG, CIM)
Housing demand in the Waterloo Region Census Metropolitan Area (CMA) is expected to move up next year as U.S. economic growth supports local employment, according to Erica McLerie, Canada Mortgage and Housing Corporation’s (CMHC) Senior Market Analyst for Waterloo Region. CMHC recently provided its most recent projection for the Waterloo Region CMA at the annual…
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Survey: Indian real estate can give 91 to 145 percent returns over the next 5 years – (NLY, AGNC, AIG, CIM)
The real estate sector in India will continue to remain an attractive investment area with the prospect of prices in residential areas appreciating by 91 to 145 per cent in select cities over the coming five years, according to a recently released survey. Knight Frank, a real estate advisory firm, reported a high possible return…
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UK house sellers drop their asking prices by 2.6pc in November – (NLY, BX, AIG, CIM)
Property owners in the UK decreased their asking prices by 2.6pc in November, but this drop in price is the least severe faced in the same month for the last three years, with declines of 3.2pc and 3.1pc seen for the previous two years respectively. Despite the monthly decline, the average home price across England…
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Chinese new home prices advances in October in more cities than September – (DFS, NLY, AIG, BX)
Chinese new home prices advanced in October in more cities as compared to the previous month, suggesting the government will refrain from relaxing curbs on the property market. Prices moved up in 35 of the 70 cities the government tracks, versus 31 last month, according to data from the statistics bureau. Prices moved down in…
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Sales of previously owned Canadian homes down again in October – (BX, AIG, DFS, NLY)
Sales of previously owned homes across Canada moved down 0.8% in October as compared to the same month a year earlier while the national average selling price hardly moved, the Canadian Real Estate Association said Thursday. CREA reported that two-thirds of local markets noticed increased sales activity last month, led by Calgary, Alberta, home to…
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Report: Foreigners set to spend more on UK properties than residents – (NLY, AGNC, ARR, AIG)
Real Capital Analytics Inc. reported that foreign investors are investing more on UK properties worth over 6 million that equals about $9.5 million than residents are, for the first time in a decade. The latest data on portfolio investments, which takes into account purchases and sales of equities and debt, revealed a 37.6 billion net…
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REIN ranks Calgary as the top real estate investment market in Canada – (NLY, CIM, CXS, AIG)
The Real Estate Investment Network Ltd ranked Calgary as the top real estate investment market in the country trailed by Edmonton. REIN disclosed in its Top Alberta Investment Towns report that Alberta’s economy has gained top position after a few years of economic turmoil. The report recognizes towns and regions on the edge to perform…
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ADCCI claims positive economic forecast for Abu Dhabi – (NLY, AIG, PGR, MTG)
The international Monetary Fund (IMF) released reports underlining a positive economic forecast for the UAE, with GDP growth of 3.5%, led mainly by improving economic conditions in Abu Dhabi and neighboring Dubai. Abu Dhabi Chamber of Commerce and Industry (ADCCI) claims Abu Dhabi’s economic is predicted to move up by close to 4.0% during 2012…