housing
Moscow’s real estate boom: Unstoppable?
Posted on March 22, 2007. Filed under: buying property, buying real estate, housing, housing market prices, property, property development, real estate, real estate bubble, real estate feature, real estate forecasts, real estate in Europe, real estate investment, real estate keywords, real estate market, real estate news, real estate report, real estate trends, selling real estate, travel hotspots |
If you thought Moscow property prices couldn’t go any higher – well, they just have! Apartments in the centre of the city are being sold and rented at prices which would appear to defy all reason – except that Moscow is a city, now, of extraordinary wealth.
The average price of an apartment rose to US$16,363 per sq. m. in prime Moscow districts in Q3 2006, according to Knight Frank, Moscow. Re-sale apartment prices rose 62.8% in the three quarters to Q3 2006. Newly built apartment prices rose by 79% in the three quarters to Q3 2006. A small three-room apartment (60 sq. m.) in central Moscow is now worth US$1 million. First-class apartments can command twice that or more – US$30,000 per sq. m. and up is not unknown.
Property is not all that’s booming.
Read the rest of the article here:
Yields are falling in Russia, but still high
Pro-tenant rental market in Russia
Buying costs are high in Russia
High, flat taxes for non-residents
Reclaiming the Superpower status
Read Full Post | Make a Comment ( None so far )Philippines: High Yields on Metro Manila Condominiums
Posted on March 9, 2007. Filed under: buying property, buying real estate, housing, press release, property, real estate, real estate in Asia, real estate investment, real estate resources, real estate trends |
by Prince Christian Cruz
Last Updated: February 28, 2007
The rental returns from letting residential condominiums in central areas of Metro Manila range from 8% to 15% yearly, according to a survey just released by the Global Property Guide.
The smallest apartments in each segment earn the highest yields. For instance, studio apartments in the prime areas of Metro Manila can earn around 13%-15%. But the highest returns are available on the smallest studios (30 sq. m.), which earn rental returns of an average of 15.1%. Larger studio condos (40 sq. m.) earn slightly lower returns (12.9%).
The same pattern holds in other condominium segments. One to two bedroom units (measuring 50 – 90 sq. m.) earn around 12%-15%, but the highest returns can be earned on the smaller (60 sq. m.) condos, which earn rental returns of 15%. Larger 1 – 2 bedroom condos (80 sq. m.) earn rather lower returns (11.5%).
“The pattern is unusual,” says Matthew Pollock, publisher of the Global Property Guide. “Instead of a smooth progression from high yielding units to low, we have high to low with high-yielding ‘ridges’ or ‘lumps’ at particular apartment sizes – which correspond to the smallest case of a particular number of bedrooms.”
full article here:
Philippines: High Yields on Metro Manila Condominiums
filed under: real estate, real estate asia
Is it a truly bad time to invest in Australia’s real estate?
Posted on February 27, 2007. Filed under: buying property, buying real estate, housing, real estate, real estate in the Pacific, real estate keywords, real estate laws, real estate market, real estate news, real estate report |
by Global Property Guide team
The Daily Telegraph in Australia reports that “rents will jump due to a dramatic fall in the number of apartments built this financial year” (courtesy of BIS Shrapnel) and that because of the superannuation law that is due to change in the second half of this year, most properties are being bought by owner-occupiers.
(What is superannuation? Superannuation is a form of savings where money is set aside by you and/or your employer and invested for your retirement. It is generally an ideal way to invest money for your retirement. Many funds also pay benefits if you die, or if an illness or accident makes you unable to work. See Superannuation)
How does this affect Australia’s rental market in general? You can check out the following links to relevant news about the critical situation in Australia’s real estate today:
Australia: Rents to jump for years
Australia’s rental crisis to get worse, say agents
Peter Ryan reports on Australia’s worsening rental property outlook
Be fair and fix a price for rental properties
We are inviting you to discuss this into our growing roundtable, see the GLOBAL PROPERTY GUIDE FORUMS.
Read Full Post | Make a Comment ( 3 so far )Latest real estate news
Posted on February 23, 2007. Filed under: housing, housing market prices, press release, real estate, real estate in Europe, real estate in Latin America, real estate market, real estate news |
by Marie C. N.
Real estate executives confident in local prospects
The old Soviet cashes in on high real estate prices in Moscow
PA’s Chester County’s real estate market has down year
Optimistic report challenges the correction consensus on Dubai real estate
Home prices fall in more than half of nation’s biggest markets
Estonian real estate market grew about 33% in Q4
Bulgaria’s popularity as ski destination boosted
January statistics released for the Austin real estate market
Feel like discussing these? Check out the Global Property Guide Forum!
Read Full Post | Make a Comment ( None so far )
Real estate phrase for the day: Carry Trade
Posted on February 22, 2007. Filed under: building property, buying property, home search, homes, housing, housing market prices, mortgage, off topic real estate, press release, property, property development, real estate, real estate agent, real estate announcements, real estate bubble, real estate chart toppers, real estate facts, real estate feature, real estate forecasts, real estate forums, real estate in Africa, real estate in Asia, real estate in Europe, real estate in Latin America, real estate in North America, real estate in the Caribbean, real estate in the Middle East, real estate in the Pacific, real estate keywords, real estate lists, real estate management, real estate market, real estate news, real estate reader, real estate resources, real estate tips, real estate tools, real estate trends, rental, selling real estate, travel hotspots, Uncategorized |
Carry trade is defined as The speculation strategy that borrows an asset at one interest rate, sells the asset, then invests those funds into a different asset that generates a higher interest rate yield. Profit is acquired by the difference between the cost of the borrowed asset and the yield on the purchased asset.
There’s an echo among real estate forums lately that Japanese increasing rate versus the declining value of Japanese Yen may greatly affect the yen-carry trade. According to the latest Reuters report, however, “high risk yen carry trades exploiting Japan’s low interest rates are in no danger of losing their appeal as long as Japanese monetary policy remains predictable and financial market volatility stays low.”
So what is your opinion on this? Do check out the Global Property Guide forum and start a new thread!
via: Reuters
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