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...increases”, she does not expect a substantial correction in the near-term....
...Vacancy rates across SoHo have climbed to 18 per cent, from 12 per cent a year ago, according to Jones Lang LaSalle....
...This could be an appropriate correction. A period of more stable values and maybe a little less passion in the market is what we’re envisioning for the year.”...
...LaSalle Investment Management, a real estate asset manager that handles $59bn of assets, said it expected the downturn in UK commercial real estate to be relatively contained....
...“The warning signs for a correction are all going the wrong way, but they are not yet concerning,” adds Jeff Jacobson, chief executive of LaSalle Investment Management, which is 13th on the list of largest...
...“The area has experienced a price correction over the past 12 months – since the boom of 2007, prices didn’t really start to appreciate until 2013, but we’re now seeing price increases of up to 20 to 25...
...Adam Challis, of Jones Lang LaSalle in London, says he is seeing high demand from Singapore and Kuala Lumpur, while interest from Hong Kong and China remains strong....
...“Immobilie porn”, suggests Google Translate but we’re open to correction. Either way, this piece from the FT on Tuesday makes for good reading....
...There is a lack of top quality hotel space in Yangon, according to a report released on Monday by Jones Lang LaSalle....
...Bankers and real estate experts say a correction has been long overdue in the market. Lebanon’s real estate sector has proved to be peculiarly resilient in the face of political instability....
...Shopping centres have seen the largest rental correction this year, according to CB Richard Ellis, with rents down 1.1 per cent....
...Markets such as Kiev and Moscow that saw the largest development boom experienced the sharpest rental correction....
...“The fundamentals are still strong,” says Avinash Mirchandani at Jones Lang LaSalle. ……………....
...There is no escaping a global financial crisis and a worldwide property correction....
...Jones Lang LaSalle said the performance was driven by a combination of a severe price correction and the slowdown in rental growth, adding further evidence of the extent of the downturn in the UK market...
...“We’re at the early stage of a correction, and that is not a compelling scenario to invest.”...
...The UK is at the front of the correction – and we see pricing as beyond fair value now – while the US is bringing up the rear in terms of pricing.”...
...As with the wider market, the office sector recorded the sharpest correction over the three months to October, with average yields moving out 191 basis points....
...A correction in India’s property market is already happening, said Mr Biyani....
...“This is not a collapse but it is a correction,” said Neil Prime, head of the City letting agency at Jones Lang....
...Office rents are also due for a correction. Companies are relocating from the expensive central business district to more affordable areas....
...Looking back at the razor-thin (or negative) spreads between commercial real estate yields and the risk-free rate in the US and UK, it is clear that a price correction was needed....
...Christian Ulbrich, chief executive at property services group Jones Lang LaSalle in Germany, says open-ended funds now account for maybe half of bidders for German prime property....
...The author is the chief economist at LaSalle Bank in Chicago Adrian Mowat: Asia correction an opportunity to buy Extraordinary markets make for extraordinary opportunities....
...“Buying a unit in a development with a strong brand is very important,” says Jeffrey Davis, senior vice-president with Jones Lang LaSalle Hotels in New York....
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