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ZIMBABWE'S real estate sector is expected to register a boom in the event of a lasting political solution from the fractious inclusive government formed three years ago, an international think tank has said. Property prices trended upwards in the post-inclusive government euphoria in 2009, and slowed down due to low demand and discord within the coalition government. Zimbabwe's property construction sector then became lukewarm due to low incomes and a subsequent lowly mortgage bond market and... Read Full Story

The real-estate crash left pockets of the region's rural areas littered with the remnants of would-be golf courses, shopping centers and luxury subdivisions that never got off the ground. But the market swoon has yielded an unexpected upside for environmentalists. Land trusts—nonprofit organizations that buy open fields, forests and other untamed properties to preserve them as open space—say they've received dozens of calls from developers over the past few years willing to sell them... Read Full Story

VietNamNet Bridge – While many real estate developers feel worried stiff because their apartments have been left unsold, others feel worried stiff because they cannot collect money from buyers. Though the real estate projects’ owners have signed the contracts on selling apartments to customers, they still do not have money, because buyers cannot make payment on schedule. Edward Chi, Chair of the Minh Viet Investment Company, said that the biggest worry now for real estate firms is the... Read Full Story

The St. Petersburg residential real estate market is on the road to recovery after the crisis, but the annual launch of residential buildings is still yet to meet levels from 2008. “The demand for new buildings is increasing, the volume being offered is growing and new, more profitable mortgage programs are emerging,” said Nikolai Kazansky, general director of Colliers International St. Petersburg. As a result of a decrease in the mortgage interest rate at the beginning of last year, the... Read Full Story

THE real estate market saw an unexpected boost last month, with sales documents filed at the land registry recording a 54 per cent rise year on year. The biggest rise was seen in Paphos followed by Famagusta. Compared to the 522 contracts in January 2011, the first month of the year saw 803 submitted at the land registry, probably boosted by low prices – especially in coastal areas – and incentives passed by parliament last November. It is understood that this was the first rise in many... Read Full Story

They have tried discounting, now some real estate agents are looking to go offshore to move multimillion-dollar luxury homes in a sluggish market. "The top end is not turning over quickly and we have to utilise every single marketing opportunity we have," said Paul Spinelli from ParkTrent Wollongong. The clearance rate of listings for Wombarra for the last six months of 2011 was only 30 per cent, while East Corrimal had a 92 per cent clearance, according to Australian Property Monitor figures... Read Full Story

SINGAPORE : Property developers seem pessimistic about the outlook for Singapore's real estate market in 2012, with some analysts foreseeing a five to ten percent drop in property prices this year. But market watchers also say the strong interest in recent property launches could defy these forecasts and even lead to more cooling measures. Celebrations continue but property developers are still in the dark about the outlook for Singapore's property market in 2012. Mr Wong Heang Fine... Read Full Story

While nationwide demand for commercial real estate loans is up, banks are not loosening lending constraints, it would appear, reviewing figures from the Federal Reserve’s quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices report, released yesterday. The 56 domestic banks surveyed reported that their lending standards had changed little but that they had experienced “somewhat stronger loan demand, on net,” over the past three months. A “moderate fraction” of domestic banks... Read Full Story

LISLE, IL, Jan 30, 2012 (MARKETWIRE via COMTEX) -- Midwest Real Estate Data (MRED), the Chicagoland multiple listing service, is pleased to announce its new leadership team for 2012. Each year the MRED Board of Managers nominates and elects a slate of officers from among their ranks to guide the company through the upcoming year. This year's officers bring an immeasurable level of experience to the table. "In my short time as CEO of MRED, I have had the pleasure of working with all of these... Read Full Story

A property commentator says the market has "clearly turned a corner" after house sales broke through a key level last year. Alistair Helm, chief executive of industry website realestate.co.nz, says more than 61,000 properties changed hands in 2011, after averaging around the mid-50,000 level for four years. New Zealand's long-term average is 78,000 property sales a year, but sales "dropped like a stone" from 100,000 to 50,000 after the market peaked in 2007. Helm said property sales had... Read Full Story