News - Archive for March 2013
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Strong Investment Potential in growing MEA Hotel Market
The Middle East/Africa region reported positive performance results in February 2013 when reported in U.S. dollars, according to data compiled by STR Global...
US House Prices Continue to Climb
It was good news for the US property market as the S&P/Case-Shiller Home Price Indices posted a pleasing rise in house prices over the 12 months ending January 2013...
Top Five UK Cities for Apart-hotel Investment
As business has become more globalised, apart-hotels have emerged as one of the world's hottest property investment classes. Although the trend hasn't taken off in the UK as significantly as in the US and Asia...
US Hotel Market Strong in February
According to the latest data from STR Global the U.S. hotel industry reported increases in all three key performance metrics during February 2013...
Top-Down Recovery for UK Housing Market
It will still be a top-down recovery for the UK housing market, despite Budget 2013 containing measures that will act as a boost for the lower tiers...
Foreign Investors Drive Continued Growth in Miami
International property buyers have been framed as largely responsible for the 26.9% jump in the median price of condominiums in Miami-Dade County over last year. According to the latest report from the Miami Association of Realtors Miami condos sold for an average $165,000...
Are Budget 2013's Housing Provisions Helping the Rich?
Budget 2013 is coming under fire for creating confusion over whether state-backed mortgages can be used by the wealthy to buy second homes. After initially being praised for introducing a raft of measures to benefit home buyers, the government is now coming under fire...
US Housing Starts Spur Recovery
According to the latest Commerce Department report 917,000 houses were started in February, up from 718,000 in February 2012 and 0.8% more than in January this year as well...
UK Rental Boom Down but Maybe Not Out
The UK rental market has felt a bit of a change lately. The typical seasonal slowdown running into December has continued on into this year, with February experiencing the 4th consecutive monthly decline in rents...
Nottingham Student Accommodation Sector Still Has Room for Growth
There is still room for further property investment in Nottingham's student accommodation sector, according to one expert. Matthew Robertson, associate director at the Nottingham offices of Jones Lang LaSalle...
Budget 2013 Delivers Sought after Housing Reform
The UK housing market received the boost it had hoped for in the 2013 Budget. George Osborne revealed that the government will be giving GBP 5.4 billion of financial support to tackle long-term problems in the sector and support those looking get on or move up the property ladder...
Is the US Housing Market Suffering a Crisis of Confidence?
Despite property market growth, it seems the US is suffering a crisis of confidence. The March 2012 Zillow Home Price Expectations Survey revealed that economists are tempering their expectations of a recovery in the near term...
The House Price Paradox Challenge – Whose Fault is it Anyway?
In this post, inspired in part by my fanatical attention to pointing out the flaws in many suggestions made by politicians, bankers and the public over the past few years. I am going to attempt to detect the root cause of the problem – and propose not one, but two possible solutions which you can all argue about...
Savills Predicts US - UK Led Surge in Global Hotel Investment
Leading real estate firm Savills is tipping the US and UK to lead an international hotel investment surge in 2013. The firm predicts a significant increase in UK hotel investment on the £1.64 billion transacted last year...
Buying a Home seen as Unlikely by Renters
Social renters are the least optimistic about their chances of purchasing a home, with three million unconvinced they will ever be in a position to own property...
Confidence Driving Up UK Property Prices
Confidence in the UK property market is rising and this is driving up real estate values across the country. RightMove's House Price Index revealed that the beginning of the spring market has seen the highest ever new seller asking prices...
Top 10 Locations for Luxury Hotel Investment
The world's highly mobile and rich population guarantees that luxury hotels will always be a lucrative property investment. However, hoteliers can't expect to demand top dollar if they don't have the perfect property in the right location...
How to Sell Houses in the Internet Age
When it comes to buying and selling houses, as buyers we make full use of the internet, but as sellers most people still seem to go the way we always have, straight to a high-street agent...
RICS: More Needed to Get Britain Building
The Royal Institute of Chartered Surveyors (RICS) is calling on the government to deliver on its promises to get Britain building. Ahead of next week's Budget, the organisation has urged funds to be released to give the property market a much needed boost...
Soaring Manhattan Rents Push Growth Outwards
For the privilege of living in swanky Manhattan renters are now paying $3,190 per month on average, which is only 4.7% more than a year ago, but still high by comparison to surrounding areas. As a result more people are being forced out of Manhattan itself into surrounding areas...
US Property Continues to Attract Investment
The US is the centre of considerable property investment interest of late, with research from broker DTZ showing that real estate equity increased by 19 per cent to USD 55 billion (GBP 36.8 approximately) in the second half of 2012...
Polish Commercial Property Sector Surges into 2013
Savills latest report into the Polish commercial property market shows an exceptionally strong final quarter to end last year, boosting the year-end total to a 6 year high...
Will Budget 2013 Offer Relief to First Time Buyers?
Property investment has become a dream for many people in the UK, with a report from the House Builders Federation revealing that saving a deposit for a home will now take the average first-time buyer ten years...
European Commercial Property Most Attractive in 10 Years
According to new research European commercial property prices are the most attractive for 10 years. The quarterly Fair Value Index by DTZ monitors the relative attractiveness of pricing in commercial property in European markets by giving each a score out of 100 based on its attractiveness...
House Sales Reach Two-and-a-Half Year High
House sales in the UK have reached a two-and-a-half year high, meaning more property investment deals could soon be in the pipeline. The latest Royal Institute of Chartered Surveyors (RICS) housing market survey revealed that despite a threat of a triple-dip recession...
Norwegian Commercial Sector Looking Robust
Norwegian commercial property returned 4.7% last year according to the latest IPD Norway Annual Property Index. This is down from 7.3% in 2011, but as we all know in the post-crash era falling figures aren't bad if they are bringing things down to a stable and sustainable level...
Boutique Student Accommodation Set for Kelham Island
Kelham Island in Sheffield is the new home of a boutique student accommodation development known as Dunfields. Now open for offers, it comprises 18 townhouses and offers 80 students affordable, private accommodation, designed to a high standard...
Employment Levels Must Continue Upwards to Sustain Housing Demand
House prices in the UK are on the rise but, in order for this run to continue, employment levels must progress in an upwards position. This is the conclusion to come out of the Halifax House Price Index...
Which? Slams Letting Agents and their Hidden Fees
Consumer group Which?, has got heavily involved in the property market of late. They have come into the market mainly on the side of tenants, as with scarcely enough properties to go around, some landlords and other entities have sought to take advantage of the situation...
What is Really Going on in the US Hotel Market?
Figures have portrayed the US hotel market as one ripe for property investment, with demand high and transactions going from strength-to-strength. However, just how far this is an accurate depiction of the sector is questionable...
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