New boom in Global House Prices

26 Jun 2013

News : The latest Global Property Guide’s survey has been released today, (Wednesday 26 June) providing an insightful look into the global property market and revealing an overall trend that shows not just recovery but the start of another boom.

The Guide, looking at figures for the year to Q1 2013, shows what it calls, “The most significant global acceleration in house prices since the boom years of 2006/7.”

Using inflation-adjusted figures, the survey shows that house prices rose in 28 of the 42 housing markets which have so far published housing statistics. The nominal figures, though, show the “depth and breadth” of the boom – in the first quarter of this year, nominal house prices rose in 30 countries and fell in only 12.

Inflation is particularly high in several countries with high nominal annual house price rises (India, Brazil, pictured, Turkey, South Africa), so the two sets of figures are very different.

"The message coming from all around the world is that we're in a period of 'super boom'," Matthew Montagu-Pollock, the author of the guide, told OPP. “I've been amazed that this story has not been picked up by the mainstream press.

"I've been wondering for how long we could keep on fuelling property price inflation by cheap government money. It's like 2006 all over again," he continues, echoing the sentiments of many commentators over the last few months.

The US housing market has seen strong rises. House prices are going up – and going up faster. The S&P/Case-Shiller national home price index soared 8.31% during the year to end Q1 2013, the biggest year-on-year increase since 2006.

More European markets are showing signs of recovery. One example, Turkey, saw house prices rise 8.13% last year, in contrast with its 1.55% year-on-year decline seen in the year to Q1 2012.

Housing markets in Asia remain buoyant. In Hong Kong, house prices rose 20.14% year-on-year in Q1 2013, compared to an annual increase of 2.11% last year. House prices also rose in Delhi, Beijing, Taiwan, Tokyo and Thailand. Only Singapore saw a decline (of 0.58%).

New Zealand and Australia are also recovering, with price rises of 7.23% and 0.11% respectively in the year to Q1 2013.

The Middle East remains strong, with Dubai its best performer. House prices there saw an astonishing turnaround, rising by 28.02% in the year to Q1 2013 – compared to a 1.01 year-on-year decline in the previous year.

The recovery remains weak in one part of the world: some European housing markets remain depressed. Greece is the world’s weakest housing market, with house prices falling 11.53% in the year to 2013. House price falls have also accelerated in the Netherlands, Spain, Zagreb, Croatia and Russia.

The guide concludes, “The latest house price figures obviously show that the global housing slump is finally over. House prices are rising in more countries than not, and the momentum trend is clearly upwards.”

Read the full guide at www.globalpropertyguide.com

Single & Multi Family Home prices increased 12% for the 12 months ending in April

NEW YORK CITY-Residential sales prices, among the most battered of economic fundamentals during the downturn, continued rallying this spring, with S&P Dow Jones Indices reporting the biggest gains for its S&P/Case-Shiller Home Price Indices in years. Average single-family and multifamily home prices increased 11.6% and 12.1% for the 10- and 20-City Composites, respectively, in the 12 months ending in April. Month over month, the two indices rose 2.6% and 2.5%, respectively.
“The recovery is definitely broad based,” David Blitzer, chairman of the index committee at S&P Dow Jones Indices, says in a release. “The two composites showed the largest year-over-year gains in seven years,” while both composites also posted “their highest monthly gains in the history of S&P/Case-Shiller Home Price Indices.” As a result, home prices are now back at early-2004 levels, according to S&P Dow Jones Indices.

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Register and attend the 3 day Seminar in Bonita Springs and Naples, Florida, USA, July 09-10-11/2013.  Come for the 1 day seminar or more. 

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July 9^th ,  4.30 - 8 pm, Networking, Reception, Cocktails at country club in Naples, Florida.  Also early registration for:

July 10^th , 1 day, “Life after the Pin .Success Seminar”

This is a hands on seminar with case studies and break out groups, on the most successful steps in 2013 to bring Investors and Buyers to your market and / or services.  It also includes Global listing sites and contacts.

We have contacted agents, representing buyers and Investors, who expressed an interest in attending this Seminar and networking opportunity from Europe (Germany, UK, Netherlands, Turkey, Croatia, etc.) and Asia (India, China, etc.) plus from Canada and USA.

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Property Tours available in Sarasota, Bonita Springs and Naples.

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TRC course (3 Hours) for those wanting to get the Designation and access to worldproperties.com.

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Your cost is less than $100 for all 3 days

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In return you promote their and your Properties and Services to European, Asian, Canadian and USA Investors, second home / vacation home / investment home and commercial property buyers.

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Contact: Gisela Gonzalez, Bonita Springs-Estero Association of REALTORS®

Gisela@bonitaspringsrealtors.com   Phone: +1-239-992-6771

www.bonitaspringsrealtors.com

And Contact: Maribeth Shanahan, Naples Area Board of REALTORS®

If you plan on attending the Cocktail reception in Naples.

Maribeth@nabor.com   Phone +1-239-597-1666

OR Contact me at:  InvestGlobal33@gmail.com   for more details.

Best Investment you can make in yourself and your Business for 2013 and beyond!

I want to personally Invite You to register and attend the 3 day Seminar in Bonita Springs and Naples, Florida, USA, July 09-10-11/2013.  Come for the 1 day seminar or more. 

You can make this a short networking business trip or stay longer and connect with brokers in Orlando and Miami as well.  We will connect you with quality agents that have Investors and buyers for your properties and services.

July 9^th ,  4.30 - 8 pm, Networking, Reception, Cocktails at country club in Naples, Florida.  Also early registration for:

July 10^th , 1 day, “Life after the Pin success” Hands on seminar with case studies and break out groups, on the most successful steps in 2013 to bring Investors and Buyers to your market and / or services. 
We have agents, representing buyers and Investors, attending from Europe (Germany, UK, Netherlands, Turkey, Croatia, etc.) and Asia (India, China, etc.) plus from Canada and USA.

July 11^th , Full day of Networking and promoting your developments, properties and services.

Property Tours available in Sarasota, Bonita Springs and Naples.

Also

TRC course (3 Hours) for those wanting to get the Designation and access to worldproperties.com.

Current TRC designees can attend for FREE and get latest updates / refresher course.

(TRC Course and Designation $139)

Your cost is less than $100 for all 3 days

(Add $139 for the TRC Course and Designation).

Plus Hotel and Transportation for Persons outside the local area

Get Your Builders / Developers to sponsor your trip.
In return you promote their and your Properties and Services to European, Asian, Canadian and USA Investors, second home / vacation home / investment home and commercial property buyers.

Contact: Gisela Gonzalez, Bonita Springs-Estero Association of REALTORS®

Gisela@bonitaspringsrealtors.com   Phone: +1-239-992-6771

www.bonitaspringsrealtors.com

  

And / or Contact: Maribeth Shanahan, Naples Area Board of REALTORS®

If you plan on attending the Cocktail reception in Naples.

Maribeth@nabor.com   Phone +1-239-597-1666

OR Contact me at:  InvestGlobal33@gmail.com   for more details.

Go to my new Blog for latest updates.   http://ImmoGlobalRE.blogspot.com  

Here comes the next boom and bust housing market cycle

Here comes the next boom and bust cycle. Wall Street Stocks have Money flowing in that needs to be placed. With out regard for the impact and consequences to the local markets.

"The last time the housing market was this hot in Phoenix and Las Vegas, the buyers pushing up prices were mostly small time.
Nowadays, they are big time — Wall Street big."

Large investment firms have spent billions of dollars over the last year buying homes in some of the nation’s most depressed markets. The influx has been so great, and the resulting price gains so big, that ordinary buyers are feeling squeezed out. Some are already wondering if prices will slump anew if the big money stops flowing.

“The growth is being propelled by institutional money,” said Suzanne Mistretta, an analyst at Fitch Ratings. “The question is how much the change in prices really reflects market demand, rather than one-off market shifts that may not be around in a couple years.”

Wall Street played a central role in the last housing boom by supplying easy — and, in retrospect, risky — mortgage financing. Now, investment companies like the Blackstone Group have swooped in, buying thousands of houses in the same areas where the financial crisis hit hardest.

Blackstone, which helped define a period of Wall Street hyperwealth, has bought some 26,000 homes in nine states. Colony Capital, a Los Angeles-based investment firm, is spending $250 million each month and already owns 10,000 properties. With little fanfare, these and other financial companies have become significant landlords on Main Street. Most of the firms are renting out the homes, with the possibility of unloading them at a profit when prices rise far enough.
 
Full Story go to NY Times:   http://dealbook.nytimes.com/2013/06/03/behind-the-rise-in-house-prices-wall-street-buyers/

Average Home Size growing due to several Factors

For the past three years, the average size of new homes has been on the rise. The median new-home size in 2012 reached a record high at 2,306 square feet, according to newly released data from the Census Bureau. That is an 8 percent increase from 2009.

Some consumers are choosing to buy larger because they have more people under their roof. Lennar offers homes known as Next Gen, which feature separate suites for a mother-in-law or college grad who has moved back home.

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First TRC in Croatia. Excellent Referral and Networking Source

Discovering a TRC in an Undiscovered Destination. 

The TRC network has gotten a little broader with the addition of Vida Kolobraric, a luxury home specialist from Zagreb, Croatia. Lacking the structure of an association, Vida is working to connect with professionals through European groups and luxury home specialists. "I would like to be recognized as a professional and respectable agency which provides an individual approach to each client," says Vida.  

   Discover Croatia.
Whether the Istrian peninsula in the northwest with its Tuscany-like countryside or the southern Dalmatian coast with inhabited islands Brac and Hvar and the UNESCO World Heritage City Dubrovnik, overseas buyers find lots to love in Croatia. Many foreign buyers first discover Croatia as a tourist. Between Jan. and Aug. 2012, almost 10 million tourists (a 4.2% increase over the same period 2011) visited the country. Data from the European City Tourism Monitor shows that Zagreb saw a 17% increase in international overnight visitors for Jan.-Apr. 2013. Germany sends the largest number of visitors (21.3%), followed by Slovenia (12.9%), Austria (9.2%), Czech Republic (8.4%) and Italy (5.7%).  






   EU Membership.  
Croatia is set to become the 28th European Union member state on July 1, 2013. Since Croatia applied for membership in 2003 both the country and the EU have experienced an economic downturn. EU membership could, in the short-term, worsen the situation for Croatia, although Croatian president Ivo Josipovic is confident that the resulting EU trade and investment will outweigh any downsides. In a recent speech EU Commissioner Štefan Füle outlined the positive impact of trade between new and old EU states and the resulting job/market growth 

For full details read the complete Article at
http://hosted-p0.vresp.com/615510/de06487032/ARCHIVE

I know Vida personally, she was in my TRC class. You can not find a better, harder working, well informed TRC agent in all of the former Jugoslavian Countries. Especially in beautiful Croatia. This will be your best contact there for Relocation, second and vacation Homes and Investment. Network and do business with her. Refer your buyers interested in the area to hear. you will all be [pleased with the results.. She will be sure to send you a referral fee, after a successful transaction!

More Student Housing Aquisitions

ST. LOUIS—The student housing portfolio of Kayne Anderson Real Estate Advisors just grew by another 665 beds, with the firm’s acquisition of a four-property 406-unit portfolio here. T
he Armonk, NY-based private equity real estate arm of Kayne Anderson Capital Advisors did not disclose the purchase price or seller’s identity. However, the St. Louis Post-Dispatch reported the sellers as local developers Amy and Amrit Gill, who shed the assets for $68.5 million.
The package consists of three adjacent student housing communities and a 746-space parking garage.  They are located across the street from the main gate of St. Louis University, within short walking distance of academic buildings, dorms and the Busch Student Center.