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IPIN Live - Archived News for March 2013

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Strong Investment Potential in growing MEA Hotel Market

The Middle East/Africa region reported positive performance results in February 2013 when reported in U.S. dollars, according to data compiled by STR Global...

Thursday 28 Mar 2013

US House Prices Continue to Climb

It was good news for the US property market as the S&P/Case-Shiller Home Price Indices posted a pleasing rise in house prices over the 12 months ending January 2013...

Thursday 28 Mar 2013

US Hotel Market Strong in February

According to the latest data from STR Global the U.S. hotel industry reported increases in all three key performance metrics during February 2013...

Wednesday 27 Mar 2013

Top-Down Recovery for UK Housing Market

It will still be a top-down recovery for the UK housing market, despite Budget 2013 containing measures that will act as a boost for the lower tiers...

Wednesday 27 Mar 2013

Foreign Investors Drive Continued Growth in Miami

International property buyers have been framed as largely responsible for the 26.9% jump in the median price of condominiums in Miami-Dade County over last year. According to the latest report from the Miami Association of Realtors Miami condos sold for an average $165,000...

Tuesday 26 Mar 2013

Are Budget 2013's Housing Provisions Helping the Rich?

Budget 2013 is coming under fire for creating confusion over whether state-backed mortgages can be used by the wealthy to buy second homes. After initially being praised for introducing a raft of measures to benefit home buyers, the government is now coming under fire...

Tuesday 26 Mar 2013

US Housing Starts Spur Recovery

According to the latest Commerce Department report 917,000 houses were started in February, up from 718,000 in February 2012 and 0.8% more than in January this year as well...

Monday 25 Mar 2013

UK Rental Boom Down but Maybe Not Out

The UK rental market has felt a bit of a change lately. The typical seasonal slowdown running into December has continued on into this year, with February experiencing the 4th consecutive monthly decline in rents...

Monday 25 Mar 2013

Nottingham Student Accommodation Sector Still Has Room for Growth

There is still room for further property investment in Nottingham's student accommodation sector, according to one expert. Matthew Robertson, associate director at the Nottingham offices of Jones Lang LaSalle...

Monday 25 Mar 2013

Budget 2013 Delivers Sought after Housing Reform

The UK housing market received the boost it had hoped for in the 2013 Budget. George Osborne revealed that the government will be giving GBP 5.4 billion of financial support to tackle long-term problems in the sector and support those looking get on or move up the property ladder...

Friday 22 Mar 2013

Is the US Housing Market Suffering a Crisis of Confidence?

Despite property market growth, it seems the US is suffering a crisis of confidence. The March 2012 Zillow Home Price Expectations Survey revealed that economists are tempering their expectations of a recovery in the near term...

Thursday 21 Mar 2013

Savills Predicts US - UK Led Surge in Global Hotel Investment

Leading real estate firm Savills is tipping the US and UK to lead an international hotel investment surge in 2013. The firm predicts a significant increase in UK hotel investment on the £1.64 billion transacted last year...

Wednesday 20 Mar 2013

Buying a Home seen as Unlikely by Renters

Social renters are the least optimistic about their chances of purchasing a home, with three million unconvinced they will ever be in a position to own property...

Wednesday 20 Mar 2013

Confidence Driving Up UK Property Prices

Confidence in the UK property market is rising and this is driving up real estate values across the country. RightMove's House Price Index revealed that the beginning of the spring market has seen the highest ever new seller asking prices...

Tuesday 19 Mar 2013

RICS: More Needed to Get Britain Building

The Royal Institute of Chartered Surveyors (RICS) is calling on the government to deliver on its promises to get Britain building. Ahead of next week's Budget, the organisation has urged funds to be released to give the property market a much needed boost...

Monday 18 Mar 2013

Soaring Manhattan Rents Push Growth Outwards

For the privilege of living in swanky Manhattan renters are now paying $3,190 per month on average, which is only 4.7% more than a year ago, but still high by comparison to surrounding areas. As a result more people are being forced out of Manhattan itself into surrounding areas...

Friday 15 Mar 2013

US Property Continues to Attract Investment

The US is the centre of considerable property investment interest of late, with research from broker DTZ showing that real estate equity increased by 19 per cent to USD 55 billion (GBP 36.8 approximately) in the second half of 2012...

Friday 15 Mar 2013

Will Budget 2013 Offer Relief to First Time Buyers?

Property investment has become a dream for many people in the UK, with a report from the House Builders Federation revealing that saving a deposit for a home will now take the average first-time buyer ten years...

Thursday 14 Mar 2013

European Commercial Property Most Attractive in 10 Years

According to new research European commercial property prices are the most attractive for 10 years. The quarterly Fair Value Index by DTZ monitors the relative attractiveness of pricing in commercial property in European markets by giving each a score out of 100 based on its attractiveness...

Wednesday 13 Mar 2013

House Sales Reach Two-and-a-Half Year High

House sales in the UK have reached a two-and-a-half year high, meaning more property investment deals could soon be in the pipeline. The latest Royal Institute of Chartered Surveyors (RICS) housing market survey revealed that despite a threat of a triple-dip recession...

Wednesday 13 Mar 2013

Norwegian Commercial Sector Looking Robust

Norwegian commercial property returned 4.7% last year according to the latest IPD Norway Annual Property Index. This is down from 7.3% in 2011, but as we all know in the post-crash era falling figures aren't bad if they are bringing things down to a stable and sustainable level...

Tuesday 12 Mar 2013

Boutique Student Accommodation Set for Kelham Island

Kelham Island in Sheffield is the new home of a boutique student accommodation development known as Dunfields. Now open for offers, it comprises 18 townhouses and offers 80 students affordable, private accommodation, designed to a high standard...

Tuesday 12 Mar 2013

Employment Levels Must Continue Upwards to Sustain Housing Demand

House prices in the UK are on the rise but, in order for this run to continue, employment levels must progress in an upwards position. This is the conclusion to come out of the Halifax House Price Index...

Monday 11 Mar 2013

Which? Slams Letting Agents and their Hidden Fees

Consumer group Which?, has got heavily involved in the property market of late. They have come into the market mainly on the side of tenants, as with scarcely enough properties to go around, some landlords and other entities have sought to take advantage of the situation...

Friday 08 Mar 2013

What is Really Going on in the US Hotel Market?

Figures have portrayed the US hotel market as one ripe for property investment, with demand high and transactions going from strength-to-strength. However, just how far this is an accurate depiction of the sector is questionable...

Friday 08 Mar 2013

New Structures Give ISA Access to Residential Property Investment

Ever since the global financial crisis wiped trillions off the global stock markets making many pension products near-worthless, we have all been clambering the find better ways to secure our future. Property has become a popular investment because it is less volatile...

Thursday 07 Mar 2013

No Improvement in Mortgage Lending

There has been no improvement in the number of mortgages being approved in the UK, despite the government's attempts to encourage financial institutions to increase lending. Data from the Bank of England revealed that in January, British mortgage approvals for house purchases fell...

Thursday 07 Mar 2013

Americas Hotels Enjoying Strong Growth

Hotel operators in the Americas posted strong gains in January, reporting a 3.3 percent increase in occupancy to 51.3 percent, STR Global Reports...

Wednesday 06 Mar 2013

Are Overseas Investors Sick of Sky-high London Property Prices?

London property has undoubtedly gone from strength to strength during the financial crisis, with real estate investment the asset of choice for overseas investors looking for a safe haven for their money...

Wednesday 06 Mar 2013

Cash Buyers Dropping Out of London Market

London has been the centre of considerable property investment of late, but there is a notable lack of cash buyers among those choosing to put their money in bricks and mortar...

Tuesday 05 Mar 2013