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Top related persons:
Octavio Jones - 1 Andrew Burrell - 1 Brad Hunter - 1 Hunter - 1 Prerana Bhat - 1 Indradip Ghosh - 1 Pranoy Krishna - 1 Ross Finley - 1
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Tampa , Florida U.S
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REUTERS - 1 Federal Reserve - 1 Capital Economics - 1 Hunter Housing Economics - 1 Thomson - 1

Search resuls for: "Andrew Burrell"


3 mentions found


☆ Short U.S. housing correction likely over; tight supply to keep prices high: Reuters poll
  + stars: | 2023-08-30 | by ( Prerana Bhat | ) www.reuters.com   time to read: +4 min
After falling nearly 7% from a cycle high in June 2022 - well short of predictions made late last year for a 12% peak-to-trough fall - average house prices started rising again in February and are now only around 1% below their peak. "While we expect house prices to lose some of their recent momentum, the worst of the correction appears to have passed and we don't expect further sustained declines," said Andrew Burrell, chief property economist at Capital Economics. Average house prices were forecast to stagnate in 2024 despite predictions for a rate cut by the middle of the year. They were forecast to average 4.17 million units in the second half of this year, lower than 4.27 million in the previous poll. Despite a near 45% pandemic-era rise in house prices and the market starting to climb again, respondents were equally split on what would happen to purchasing affordability for first-time homebuyers over the coming year.
Persons: Octavio Jones, Andrew Burrell, Brad Hunter, Hunter, Prerana Bhat, Indradip Ghosh, Pranoy Krishna, Ross Finley, Sharon Singleton Organizations: REUTERS, Reuters, Federal Reserve, Capital Economics, Hunter Housing Economics, Thomson Locations: Tampa , Florida, U.S
☆ Analysis: Crisis radar falls on fault lines in Europe's commercial property
  + stars: | 2023-04-20 | by ( Chiara Elisei Dhara Ranasinghe | Chiara Elisei | Dhara Ranasinghe | ) www.reuters.com   time to read: +6 min
German specialised property lenders such as Aareal Bank (ARLG.DE), Deutsche Pfandbriefbank (PBBG.DE) and Berlin Hyp, have a bigger concentration of real estate exposure, analysts added. Blackstone (BX.N) recently blocked withdrawals from its $70 billion real estate income trust after facing a flurry of redemption requests. Open-ended real estate funds in Britain have also battled to meet strong demand for redemptions. In Europe, CRE exposure for smaller banks, more at risk of deposit flight, is estimated at under 30% of all loans, Capital Economics said. "On the other, real estate owners themselves are going to face quite material increase in costs."
☆ Asset manager names a UK sector that's now turned 'toxic,' revealing two stocks to bet against
  + stars: | 2022-11-25 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
The U.K. commercial property sector has become a "toxic environment" for investors, according to Plurimi Wealth's chief investment officer. Shares of British Land and Land Securities have fallen by 23.1% and 18.5% this year, respectively. With U.K. government bonds offering a yield of about 3%, commercial property valuations have fallen to compensate for a rise in yields above sovereign gilts. British Land now offers a yield of 7.1%, a full percentage point above its long-term average, according to UBS. The investment bank suggests that with every 0.5 to 1 percentage point rise in yield, values fall by 15-20%.
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