Archive for July 2008

China Property Market Review for Q2 2008

Jul 22nd, 2008 | By RT Staff | Category: International Realty

The devastating Wenchuan earthquake had only a limited impact on property markets in Western, Central and Northern China. The price and supply of luxury apartments in Western and Central China experienced a slight drop, but office and industrial markets in those regions continued to display rental growth. A surge of businesses entering Chengdu’s industrial parks [...]



New Zealand Rental Market Confidence Slowing

Jul 21st, 2008 | By RT Staff | Category: International Realty

Confidence in the rental property market in New Zealand is at its lowest point for four years despite rents rising, according to a new report.
Rental property has given the best returns of a property investment, according to the survey by ASB, one of the leading banks and investor providers.
But in the three months to June [...]



Office Space Rental Market Softens

Jul 21st, 2008 | By RT Staff | Category: West Region

Portland’s commercial real estate market had largely dodged the residential market’s swoon.
But the region’s continuing housing slide, the nationwide credit crisis and a slowing economy appear to be eating away at the office and retail real estate markets.

“The economy has finally caught up with the office market,” said Patricia Raicht, vice president at real estate [...]



Commercial Mortgage Delinquencies Up

Jul 21st, 2008 | By RT Staff | Category: Financial News

Missed payments on office and retail mortgages rose slightly in June due to increases in delinquencies among commercial mortgages, credit ratings agency Fitch Ratings said Monday.
Fitch said June delinquencies rose to 0.41% among commercial-mortgage backed securities from 0.39% a month earlier.
Both office and retail mortgage defaults are still below the commercial mortgage delinquency average, despite [...]



Peak Moment in Bulgarian Real Estate Market

Jul 21st, 2008 | By RT Staff | Category: International Realty

The situation on the real estate market in Bulgaria shows that supply has increased by 50% over demand in the last two months which quite logically affects real estate prices.
A major factor, influencing the price of real estate is the world real estate crisis and economic development in the different regions of the country, executive [...]



China Real Estate Drives the Market Up

Jul 21st, 2008 | By RT Staff | Category: International Realty

Boosted by china real estate Shanghai Composite Index rose 2.99 percent on Monday, continuing Friday’s gains.
Boosted by chairman of the China Banking Regulatory Commission Liu Mingkang’s remarks over the weekend that the country should support a healthy real estate industry, housing shares rose across the board, said Li Hongyan, a Shandong-based Qilu Securities analyst.
China Vanke, [...]



Average Home Asking Price Down £4,000 vs. a Year Ago

Jul 21st, 2008 | By RT Staff | Category: International Realty

Homeowners are resorting to increasingly aggressive price cuts in an effort to sell their properties, with asking prices across England and Wales an average £4,000 less than they were a year ago as a new realism sets in across the housing market.
The average price is now £235,219, 2% less than last July, according to the [...]



How Far Can Housing Drop?

Jul 21st, 2008 | By RT Staff | Category: Housing News

The Bush administration’s pledge to rescue ailing housing finance giants Fannie Mae and Freddie Mac raises anew questions about just when the nation’s dismal housing market will hit bottom.
Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson have suggested over the past year that an end is in sight. But with each prediction, things [...]



Twin Ports Housing Market in Limbo

Jul 20th, 2008 | By RT Staff | Category: West Region

Jon Hansen is ready to sell his Superior home and buy a bigger, nicer one.
But in the Twin Ports real estate market, neither buyer nor seller is quite king these days, and like Hansen, few are in a hurry to do anything.
“I’m not going to sell myself short for what I think it’s worth,” Hansen [...]



In Housing Market Made of Glass, Beaver County Can Throw Stones

Jul 20th, 2008 | By RT Staff | Category: Northeast Region

The real estate market in the Beaver County region is far from stellar, but things here could be worse as the nation struggles with the worst housing slump since the Great Depression.
While home sales are down, prices are up in Beaver and western Allegheny counties for the first half of the year over the same [...]