Salient to Investors: Dublin, the epicenter of Western Europe’s worst housing-market crash, is showing signs of life for those with cash. Keith Lowe at Douglas Newman Good said people are going to look back and see a lot of missed opportunities in Ireland if they had the cash. Goodbody Stockbrokers says cash now accounts for
READ MORE... →Salient to Investors: Knight Frank said: UK home prices will fall 2 percent in 2013 as values in every region decrease for the first time since the financial crisis began in 2008. Residential properties will increase 1 percent in 2014 prices and 2 percent gain in 2015. Welsh home prices will slide 3.6 percent in
READ MORE... →Salient to Investors: Douglas McWilliams at Centre for Economics and Business Research said London’s financial-services jobs may drop to a 20-year low in 2013 due to the weak economy, hangover effect from the financial crisis, and increasing regulation. Read the full article at http://www.bloomberg.com/news/2012-11-06/london-financial-jobs-to-fall-to-20-year-low-in-2013-cebr-says.html
READ MORE... →Salient to Investors: Halifax said UK house prices fell for a fourth month in October, down 2.8 percent from a year ago. Nationwide Building Society said home prices rebounded in October to erase September losses. Hometrack said prices declined in October and a market recovery is unlikely without sustained economic growth. Martin Ellis at Halifax said
READ MORE... →Salient to Investors: The UBS Swiss Real Estate Bubble Index entered the risk zone for the first time since 1991. Matthias Holzhey and Claudio Saputelli at UBS said: Population growth continues to favor price increases, but prices are increasingly being supported by investment demand and by low interest rates, Continued strong increase in
READ MORE... →Salient to Investors: As the housing market recovers, neophyte investors are following the lead of private-equity firms like Blackstone, investing in cheap properties they can rent and sell when values rise enough. Lawrence Yun ar NAR said the typical small-size mom-and-pop investor has two or three properties – about 90 percent of
READ MORE... →Salient to Investors: Jim O’Sullivan at High Frequency Economics said the non-manufacturing part of the economy – the bulk of the economy – is much less weak, while manufacturingis more exposed to weakening foreign growth and exports -overall pretty sluggish growth. Retail Metrics said same-store sales at over 20 companies, excluding drugstores, beat estimates. Americans bought new homes
READ MORE... →Salient to Investors: Li Jun at Central China Securities said investors think the economy may have bottomed, especially since the PMI showed positive signs, but we need more liquidity for any gains to last. Lu Ting at Bank of America sees increasing evidence for green shoots in China – upped Q4 GDP growth estimate to
READ MORE... →Salient to Investors: Adam Challis at Hamptons Intl said: UK home prices will rise 2 percent next year driven by gains in the Midlands and northern England, then will climb another 2 percent each year through 2015 and 4 percent the following year. Values have fallen to a point where homes are
READ MORE... →Salient to Investors: Real estate investors and developers are abandoning a two-year foray into China’s provincial cities and switching back to Shanghai and Beijing, where prime offices are close to full occupancy and rents are on par with New York and Sydney, and home prices are stabilizing. Home prices have risen 155 percent
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