There are so many real estate articles out there — and so little time! For busy investors looking to take a quick reading break, look no further than our list of recommended reading for the week. From advice and investment tips to market reviews, we’re highlighting the stuff that’s really worth your time.
So sit back, and take a break. These were the 5 Must-Read Real Estate Articles of The Past Week:
By Ely Razin via Forbes
Store closures by Macy’s, Walmart, Sears and others are all over the news and, with these falling dominoes, what others are at risk? Certainly lenders, owners, investors and other co-located retailers may be… but the fabric of some local communities may also change as a result. Commercial real estate players and CMBS players alike, take note, to ensure that retailers’ falling dominoes don’t nick you.
Envision each store closure as one domino. How many others stand ready in line, just behind it? If and when that domino gets knocked over, what impact could that closure have on the buildings in which they’re located, and on the malls, real estate investment trusts (REITs), commercial mortgage-backed security deals (CMBS) and local real estate markets they touch?
By Ariel Stulberg via The Real Deal
A crashing Chinese economy, sinking commodity prices, and other factors have made the 2016 economic outlook seem somewhat dismal (just ask the candidates running for president). But one industry seems to be bucking those negative trends, and still growing after years of positive performance. According to the 2016 Emerging Trends in Real Estate, which was just released by the Urban Land Institute, the outlook for the next 12 months is rosy, with one analyst going so far as to call it “doggone good.” What trends and forces are at play in this uplifting analysis? Here’s a breakdown of the 10 factors that the authors of the report, Urban Land Institute and PriceWaterhouseCoopers, and the hundreds of industry analysts they interviewed and surveyed, believe will shape the landscape for the year to come.
By Ivana Kottasova via CNN Money
London mansions are losing their charm. Sales of homes priced at more than £10 million ($14.4 million) fell by a third in 2015 in the British capital, according to real estate firm Knight Frank.
There are two main reasons: Rising taxes and a slowdown in the number of foreign buyers.
Super-rich buyers from Russia, China and the Middle East used to be among the most active in London. “We always had interest from wealthy foreign investors — because London is a great place to be, but also because it is an attractive place to put money into,” said Charles McDowell, an agent specializing in London prime property.
Overseas buyers were attracted by London’s safe haven status and the prospect of high returns. But these investors have gotten slammed by slowing economic growth and collapsing oil prices.
By Peter Pham via Forbes
If you live in certain parts of the world, China’s economic problems might soon be coming to your front doorstep – literally. Often overlooked in China’s explosive economic growth is its effect on global residential real. As the Chinese economy slows, housing markets in the U.S., Canada, Australia, Singapore and Hong Kong will feel it, if they aren’t already.
And if the government makes it harder for money to leave the country, these real estate markets will notice it even more. Juwai.com, a Chinese property broker, says the top three foreign countries for Chinese real estate investors are the U.S., Canada and Australia. These countries show what happens to local housing prices when Chinse buyers, along with historically low interest rates, enter a market.
By Yantoultra Ngui via The Wall Street Journal
Malaysia’s Sime Darby Bhd., the world’s largest listed palm-oil producer by market value, is considering selling $500 million worth of real-estate assets in Australia and Singapore to cut debt, according to people familiar with the situation. The conglomerate, which also sells cars and runs hospitals, is exploring various deleveraging options, a Sime Darby spokesman said in a response to questions about its plans. “They include a prudent approach toward capital expenditure spending, refinancing of debts, working-capital management and various monetization options of the group’s assets, including a real-estate investment trust,” he said. Citigroup Inc. is advising the company on the property sale plans, according to people familiar with the situation.
Did you like these articles? What were your favorite articles this week?