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Mumbai, Delhi property prices to fall 15-20% by year end

However, tier II and III cities have been stable and likely to see increase

 

Property prices in Mumbai and New Delhi are set to decline by almost 15 to 20 per cent in the next couple of months, according to an Indian real estate consultancy.

“A correction is likely to happen in Mumbai and New Delhi property prices. We believe the fall could be in the range of 15 to 20 per cent in the next few months. However, property prices in the tier II and III cities have been stable and likely to increase over the years,” Santosh Naik, Managing Director, Disha Direct, told Emirates 24|7.

Godrej Properties Managing Director Milind Korde was also quoted recently in the Indian media that realty prices in Mumbai and Delhi were overheated, but prices were recovering in cities such as Bangalore and Pune since the fall in October 2008.

Disha Direct, which has taken a brokerage license in Dubai, will be selling “affordable” properties, ranging from Rs300,000 (Dh23,000) onwards, to the Non-Resident Indians (NRIs) based in the UAE.

Following the opening of the Dubai branch, the company will be soon expanding its reach to New York. Prasan Thakkar, Business Head – UAE Operations, Disha Direct, told this website the company was looking to enter other Gulf Cooperation Council countries as well.

Wikipedia website figures reveal the estimated population of Indians in the UAE as of 2009 to be close to two million, which constitutes 35 per cent of total UAE population.

“There is a lot of potential in the Indian market. A lot of US- and Australia-based Indians buying properties back home. We now expect a number of Indians here to invest back home in real estate,” Naik added.

Although there are lot of queries from Indians who are looking to invest in the Dubai realty market, most seek advice on whether the price floor has been reached or not in the emirate.

“The rental returns are really good in Dubai and this will drive people to invest in properties. We believe the market will pick some steam in the coming few months,” he added.

This website had reported last week that Indians are on the top of the list of expat real estate buyers in Dubai, having purchased properties worth Dh9.3 billion, 19 per cent to the total investment which stands at Dh48.9bn, in the first eight months of 2010.

Fonte: Arabian247.com

http://www.emirates247.com/property/real-estate/mumbai-delhi-property-prices-to-fall-15-20-by-year-end-2010-11-07-1.314412

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Annunci

Singapore sees strong growth in real estate investment

SINGAPORE: Property consultant Jones Lang LaSalle says Singapore is seeing one of the world’s strongest growth in real estate investment transactions.

In its Global Market Perspective report, it says shortages of prime assets for sale are constraining investment volumes.

This has led to Singapore, Australia, Sweden and China experiencing the highest property investment growth as those countries have robust economic conditions.

In the third quarter, Singapore saw direct commercial real estate investment rise by 358 per cent from the April-June period to US$3.1 billion.

The markets in China, Sweden and Australia grew between 37 per cent and 66 per cent quarter-on-quarter.

Jones Lang LaSalle also notes in its report that investor sentiment is positive and appears to be getting stronger as market fundamentals steadily improve.

It adds that substantial increases in prime capital values are being recorded, most notably in many of the world’s premier office markets like London, Shanghai and Hong Kong.

In addition, Jones Lang LaSalle says commercial mortgage-backed securities (CMBS) are staging a rally.

It says the US securitised markets have year-to-date witnessed CMBS issuances totalling US$4.7 billion compared with US$3.4 billion for the whole of 2009.

From: ChannelNewAsia.com

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1088746/1/.html

China aims to contain bubble economy

Greece Must Spur Real-Estate for Economic Growth

News from New York Real Estate

Brazil Enjoying a Growing Number of Potential Housing Buyers

Real Estate Collapse Spells Havoc in Dubai

 

Australia: un mercato immobiliare a prova di crisi

E’ probabile che la forza del mercato immobiliare Australiano si protrarrà anche durante i prossimi mesi.
Questo fornirà un’ulteriore prova a valore del fatto che, fino ad oggi, i prezzi degli immobili in Australia hanno tenuto notevolmente bene.
Parte della resistenza è stata attribuita al supporto del governo federale nei confronti di coloro che comprano case – sotto forma di piani di risparmio e sussidi cash per una cifra compresa fra AU$ 14,000 e AUS$ 21,000 destinati all’acquisto di immobili.

Certamente, la fetta di nuovi finanziamenti stanziati per comprare immobili attribuita agli acquirenti di prima casa ha segnato cifre record (dal 1991) del 28.5% in Maggio, dopo il 27% registrato in Giugno.
Anche durante il mese di Giugno, il numero totale degli acquirenti di prima casa che hanno ottenuto un finanziamento (18,400) è raddoppiato rispetto allo stesso mese del 2008.
Il prossimo aggiornamento arriverà alla pubblicazione, venerdì 9, dei dati finanziari sugli immobili riferiti al mese di Luglio.
E’ probabile che durante I prossimi mesi il numero di First Home Buyers salirà a 20,000, mentre il numero totale di nuovi prestiti emessi mensilmente arriverà a una cifra compresa fra 65,000 e 70,000.

Ci sono tuttavia alcuni segnali che indicano un riscaldamento del mercato immobiliare.
La ratio dei prezzi medi delle case, come misurato dall’ indice HIA – Commonwealth Bank sul reddito medio, è ancora a 6.5, anche se c’è stato un miglioramento visto il 7.3 registrato alla fine dell’anno scorso.
L’abbordabilità è ancora stirata se guardiamo la media a lungo termine di 4.5.
Inoltre, un sondaggio recente ha evidenziato che il 20% di possessori di immobili avrebbe difficoltà ad onorare il debito qualora i creditori dovessero alzare i tassi di interesse, cosa che sembra piuttosto probabile dato che la RBA ha recentemente indicato che potrebbe alzare a breve i tassi base.

Fonte: Fondionline.it

http://www.fondionline.it/indicecms.php?idpagina=art&idart=25659

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