Light at the end of the Tunnel for Commercial Landlords

July 31, 2010 by SpaceBug Leave a Comment

Inflation and tax changes are coming to the rescue of landlords.

Commercial landlords have been having a lean time, with property devaluations and falling rents taking their toll on the books.

But things are looking up as factors combine to make healthy rent rises possible.

While rents for new leases are market driven, most rent reviews now factor in inflation in the form of the consumer price index (CPI).

Property researcher Alan McMahon says with the New Zealand Institute of Economic Research forecasting the CPI forecast to peak at 5.2 per cent next year, landlords will be smiling.

Read more here > http://www.stuff.co.nz/business/industries/3977400/Light-at-end-of-the-tunnel-for-landlords

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Change to Terms and Conditions of Use

July 30, 2010 by SpaceBug Leave a Comment

It has just been pointed out there is an error in our Terms & Conditions.

Section 4.4 reads:

If You are a real estate agent as defined by the Real Estate Agents Act 1976

It should read, and will be amended to read:

If You are a real estate agent as defined by the Real Estate Agents Act 2008

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Commercial property in emerging economies outperforms euro zone, new report shows

July 29, 2010 by SpaceBug Leave a Comment

Commercial real estate in emerging economies has outperformed the Euro zone and the UK in the second quarter of 2010, according to the latest figures.
Property markets in the more dynamic economies of South America, Asia and Eastern Europe are seeing increasing demand says the Global Property Survey from the Royal Institution of Chartered Surveyors.

Occupier demand is rising in the majority of countries across the globe with the notable exception of the UK and euro zone countries where the tough measures that have been taken to reduce fiscal deficits appear to be having a more pronounced impact on the appetite of businesses to take up new space.

Read more here > http://www.propertywire.com/news/europe/-global-commercial-real-estate-201007274349.html

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Global Property Guide – Free Download

July 29, 2010 by SpaceBug Leave a Comment

View or download the free Global Property Guide below.  This covers the period from mid 2010 and is provided by PropertyWire

Global Property Guide_2010

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Commercial real estate sales in Europe, Middle East and North Africa set to rise by 30% this year

July 29, 2010 by SpaceBug Leave a Comment

Direct commercial real estate transaction volumes are predicted to increase by 30% in 2010 in Europe, the Middle East and North Africa, according to a new report.

The positive outlook comes on the back of a better than expected first three months of the year which is traditionally a quieter time for the market. But volumes reached €20 billion, a 75% increase on the first quarter of 2009, the report from international real estate consultants Jones Lang LaSalle shows.

Read more here > http://www.propertywire.com/news/africa/commercial-property-outlook-positive-201004194055.html

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Calls increase in New Zealand to follow Oz crackdown on foreign property buyers

July 29, 2010 by SpaceBug Leave a Comment

Australia is cracking down on foreign real estate buyers as they price ordinary people out of the real estate market and now calls for a similar move are being voiced in New Zealand.

Earlier this week prime minister Kevin Rudd confirmed that new rules will be brought in for foreign buyers which will mean they have to sell any property they own if they leave the country as a direct result of concerns that ordinary Australians cannot afford to buy a home.

Read more here> http://www.propertywire.com/news/australasia/-crackdown-on-property-buyers-201004304092.html

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Tips for Creating Wealth in Commercial Real Estate

July 29, 2010 by SpaceBug Leave a Comment

You can advance your profits by investing in commercial real estate. On the other hand, if you’re not heedful, you can go bankrupt. Investors can make costly miscalculations. There are a few tips and hints that will help you avoid these miscalculations. If you know what you are doing, commercial deals are effortless to put together.

You must know Your Market. You can see the rate of development in the area by doing a market analysis. This will also let you know if it is on the downfall. Distressed areas will not better the commercial investor. You might be capable of beating the real estate predicament, but success is less likely with a commercial real estate investment. You can identify whether or not the local job market is being damaged by doing some market research. The job market generally slows down when the market is in predicament. This is a sign for you to look else where for your commercial real estate investment. If the market appears to be on the rise, vacant store fronts might be a good object of significance. Several people favour starting a business in a growing market. Warehouses may not be in demand, however a store front could sell rapidly.

Read more here > http://www.grownups.co.nz/read/money/savings-investment/commercial-real-estate

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Deutsche Bank to Shut Commercial Real Estate Adviser Group

July 28, 2010 by SpaceBug Leave a Comment

Deutsche Bank AG, Germany’s largest lender, is dismantling a group that advises companies on commercial real estate transactions, according to people with knowledge of the matter.

Warren Friend, a managing director who ran the New York- based division, may be leaving the bank, said the people, who declined to be identified because the move hasn’t been announced. The bank is seeking to find positions for affected employees, including Friend, one of the people said.

Read more here > http://www.bloomberg.com/news/2010-07-28/deutsche-bank-said-to-dismantle-commercial-real-estate-group-after-losses.html

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