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Global hotel investment volumes surged impressively in the first half of 2011, with Real Estate Investment Trusts leading the way and signs of debt market revival encouraging activity, according to the latest report from international commercial real estate advisors Jones Lang LaSalle Hotels.

Economic uncertainty returned in the second half of the year causing momentum to falter, although deals continued, especially in the United States, reaching a forecasted level of $30 billion worldwide, an increase of 13% over 2010.

Despite the continuing economic uncertainty, Jones Lang LaSalle Hotels forecasts that global hotel transaction volume will hold steady in 2012 to again reach upwards of $30 billion in deals, according to initial results from the firm’s Hotel Investment Ou...

Sales activity remained relatively firm during December and an increasing amount of new stock came onto the housing market, according to the latest UK Housing Market survey published by today (Tuesday 10 January) by the Royal Institution of Chartered Surveyors.

The average number of completed sales per surveyor in the three months to December was 15.2. While slightly down on November's figure, this remains close to its best level since autumn 2010, says RICS.

However, sales expectations for the coming three months dipped to a net balance of 0% from 4% and surveyors report that unrealistic price expectations on the part of some vendors may be hindering transaction levels.

Elsewhere, new instructions edged up for the third consecutive month during December with 12% more...

Building approvals in Australia rebounded in November after recording their lowest level in 29 months in October 2011, according to the latest figures from the Housing Industry Association, the voice of Australia’s residential building industry.

‘Building approvals for both detached houses and other dwellings saw increases in November 2011, although the results come off a low base and total approvals remain significantly down on a year earlier,’ said HIA senior economist, Andrew Harvey.

In the month of November 2011 total seasonally adjusted building approvals rose by 8.4% following a 10% drop in October and a 14.8% fall in September. Detached house approvals rose by 4.9% in November while approvals for other dwellings rose by 16.1%. Total November approvals were d...

Residential property prices in the United States continued to drop towards the end of 2011 with the latest figures from CoreLogic showing that national home prices fell 1.4% in November, the fourth monthly fall in a row.

On a year on year basis prices, including distressed sales, fell by 4.3% compared with November 2010, the information and analytics company’s November Home Price Index also shows.

This follows a decline of 3.7% in October 2011 compared to October 2010. Excluding distressed sales, year on year prices fell by 0.6% in November 2011 compared to November 2010 and by 1.6% in October 2011 compared to October 2010. Distressed sales include short sales and real estate owned transactions.

‘With one month of data left to report, it appears that the...

Local authorities will be told to screen people applying for council houses to see if they already own property after figures showed thousands of council tenants own another home elsewhere.

A group of Polish squatters have taken up residence in a �1m home in one of London's most affluent areas because "rents are too high" for them to afford to live in the area.

Housing minister attacks BBC's John Humphrys over claims he attempted to bury bad news on house building.

The BBC has defended Today presenter John Humphrys after a live on-air spat with housing minister Grant Shapps - who accused the programme of producing a "misleading" report.

A third of homes that sell for more than �1 million have no stamp duty paid on the transaction, research suggests.

In echo of BBC series, London-based heir rings changes after inheriting 800-year-old Scottish estate. . . only to face �20,000 unfair dismissal bill


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