Wall Street supported by signs of improvement in real estate

The NYSE was up early Tuesday shortly after the opening, supported by signs of improvement in real estate, pending an indicator on the morale of U.S. households: the Dow Jones gained 0.20% and the Nasdaq 0.21%.
Vers 13H40 GMT, the Dow Jones Industrial Average took 19.12 points to 9808.48 points and the Nasdaq, dominated by technology, 4.43 points, 2. 135.17 points.
The Standard & Poor's 500 rose 0.31% from him (3.32 points) to 1066.30 points.
On Monday, Wall Street has ended sharply higher, under the positive influence of several announcements of acquisitions but in a limited volume of trade. The Dow had gained 1.28%, 1.90% Nasdaq and the S & P 500 1.78%.
The excitement was less clear on Tuesday at the opening. Signs of improvement in the housing market still allowed indices to maintain.
Falling housing prices in the United States slowed again in July to 13.3% a year, its lowest rate since February 2008, according to the S & P / Case-Shiller index measuring prices in the twenty largest U.S. cities.
The bond market declined. The yield on the 10-year Treasury went back to 3.326% against 3.302% Monday, and that's good for 30 years at 4.072% against 4.045% yesterday.

New plan to support housing in the United States

A total of 35 billion dollars (24 billion euros) to support the real estate sector in the United States, is what was argued on Tuesday the Wall Street Journal and Washington Post. A sum which would help primarily those agencies that are controlled by local communities and who provide or guarantee loans to the poorest households.

This support plan follows the much more solid, which was launched last February by the Obama administration, a total of 275 billion dollars (220 billion euros) to help seven to nine million households directly affected or threatened by the credit crisis. Figures of August sales of existing homes in the United States soon to confirm a market recovery. According to data published by the National Association of real estate (NAR), they fell 2.7% on month in August. On an annualized basis, they stand at 5.10 million units against 5.24 million in July and 5.35 million expected by consensus.

BUDGET The real estate old undermined by the Finance Act 2010

On the eve of presenting the draft budget law for 2010, Fnaim expressed concern for the future of the former rental investment real estate and former general.
CORRECTION OF THE REAL ESTATE MARKET IS EXPECTED TO MODERATE IN 2010

"Investment and rental old former real estate in general seem to bear the brunt of budget constraints," said the National Federation of real estate, Fnaim in a statement published on the eve of presenting the draft budget law 2010.

The specialist real estate, including concerns about the future "CLA" or local assessment of activity and the social tax levies on capital gains property previously exempt. Concerning the CLA, the Fnaim says he is "a tax too. The proposed reform of business tax plans to impose new contribution to all activities of building leases provided that the gross receipts that removes the taxpayer are greater than 15,000 euros.

And the social tax levies on capital gains would be exempt real estate is another obstacle to investment property and proprietary interest in the sector, the statement said the Fnaim.

Real Estate: CSG could be applied to gains on sales

In an interview Tuesday with the Echos, Gilles Carrez, rapporteur UMP budget to the National Assembly, announced his intention to file an amendment to that effect in the draft budget law 2010. THE LOW RATE OF REAL ESTATE LENDING SLOWS, ACCORDING? OBSERVATORY CREDIT HOUSING-CSA

Pay the generalized social contribution on real estate gains? It wants to impose what Gilles Carrez, general rapporteur of the budget to the National Assembly, expressed Tuesday in the Voices column. The UMP MP wants to impose the payment of the CSG on gains realized upon the sale of real estate other than principal residence.

To defend his point of view, Gilles Carrez said he would table an amendment to the draft budget law for 2010 that "the CSG be paid in euros for the first real estate gains when it is not the principal residence (...) They are now partially exempt after six years of detention of the property and completely after 15 years, "says he. "We have a common position on this matter with the Committee on Social Affairs," he said.

A real estate agent, removed for 10 years

You buy a house to discover later that it was used greenhouse for growing marijuana. Worse yet, your real estate agent was aware and not say anything. It happened in Montérégie In February 2004, police raided a residence in Boucherville. The basement, discovered 1,400 marijuana plants. A man, Michel Bergevin, was arrested. His wife, Christelle Tran, a real estate agent sell the house a few weeks later hiding buyers that the property was used for growing cannabis. The interior walls were covered with mold. A serious act which earned him a recent cancellation of 10 years, one of the harshest penalties ever issued by its disciplinary committee.

Partners Group has placed its global fund "Real Estate Fund"

Partners Group has set a new property fund successfully. Real Estate Fund "has received EUR 275 million in capital. The fund began trading and investment had reached the closing level of investment by 40%, Partners Group said Wednesday in a statement. The fund will be based on a diversified portfolio in accordance with the Strategy Partners Group. Among investors, the fund account of pension funds and public companies, insurance, family offices and foundations.

"The prestigious Parisian real estate will never know the crisis"

It was not a gamble, because I know this area very well. I created and led for 10 years a company upholstery, which printed especially for a subsidiary of Hermes, to meet client demands in Riyadh, Jeddah or Dubai. I was therefore a very good knowledge of high-end and Middle Eastern clients. And I know, after more than 30 years of business, two things that sell very well. This is the very high end and low end. It is also the reason that prompted me to offer your services "tailor-made original with a personalized concierge service. The rich client is willing to pay for the service ... provided that it exists!

Meynet Philippe Petit Jean: The problem is that France comes to luxury but does not. The prestige, regarding real estate, means something different, unique, which is stored separately from other types of property. It's still an area that corresponds to the ideal image that the affluent clientele of foreign capital.

Meynet Philippe Petit-Jean: Very good! The only real difficulty faced by owners today is the lack of liquidity of banks. This happened recently on two sales, one of $ 9 million, another 15 million euros. One of them has been delayed for 7 months and half due to the inability of the bank released the funds needed. The money had been lost in stock market and he had to wait. But beyond that, the estate of prestige to the chance of being preserved in Paris. Even if a discrepancy exists between some owners who dream of the value of their property and foreign customers is very aware of the real market values. But now we are seeing a rebalancing of prices, even if the real estate of prestige will always overvalued, by its nature.

Meynet Philippe Petit Jean: The prestigious Parisian real estate will not suffer a crisis. Paris will always dream about as much, whether the Italians, Middle Easterners and Americans. Besides the Russians back on the market and the Chinese come gradually. The Champs-Elysées are a magnet for these clients. We talk about the City of Light in the world! The historic districts, including the "Golden Triangle" (Part of the 8th district bounded by the avenues Montaigne, George V and Champs Elysees editor's note) will never have a problem. It also notes that more and more rich foreigners no longer want to go to the hotel. A very high official Saudi told me recently that it saw no reason to spend 1.5 million euros per year in the hotel that it was possible to buy at this price an exceptional apartment in a few years .. .

Meynet Philippe Petit-Jean: We're just there to run for the referral. You should know that foreigners seeking to systematically redevelop the property that they come to acquire. They indeed want to redecorate the apartment according to the customs, traditions of their country of origin. Why we are working with collaborators from all countries.

HFR launches six indices raw materials, energy and real estate:

Hedge Fund Research has launched six new indices that cover its range to 71 products. These HFRX Commodity: Agricultural Index, HFRX Commodity: Energy Index, HFRX Commodity: Metals Index, HFRX Alternative Energy Index, HFRX Energy Infrastructure Index and HFRX Real Estate Index, which as the name suggests covers materials ( agriculture, energy, metals), energy "alternative" infrastructure and real estate. These indices are calculated using a methodology consistent with the UCITS III Directive.

UFG REM Launches REIT Scellier

UFG Real Estate Managers, a subsidiary property management group UFG launches Multihabitation 5, his first company Real Estate Investment Trust (REIT) Scellier.

"The strategy of our new REIT is a selection of heritage operations, principally located in area A, near Paris region, on dynamic sectors of the economy but also on the rental plan, these areas have provided excellent results Rental on the previous Housing REIT, REM UFG said in a statement.

Several projects are thus already validated in the Hauts-de-Seine - two in Suresnes, a Asnieres, one in Antony and another Chatenay-Malabry. In the development of new districts, the town of Wissous the heart of the Essonne is a possible target for future projects. In the provinces, new quarters are also preferred, as in Bruges, north of Bordeaux, through the development of district Tasta.

"All these projects represents a volume close to 30 million euros, and the match between market values and negotiated supply rental confirmed by our previous investments on these targets led to an average gross return of between 4 60% and 4.70%, "said UFG REM.

Germany, Hypo Real Estate was in need of new capital

The group of mortgage German Hypo Real Estate . which has been nationalized with the crisis, hidden potential losses of several billion euros, could lead to be recapitalized again, Sunday.

The newspaper, citing an unpublished study by the Bundesbank, the potential loss of HRE on loans and securities amounted to 16.3 billion euros.

Should they be externalized in the income statement, HRE would need 26 billion euros of additional capital to ensure it is properly capitalized, "wrote the newspaper on the faith of the report.

HRE, now almost entirely owned by the state, has already received three billion of fresh capital and is expected to receive seven by the end of the year.

A spokesman for HRE described the figures as Tagesspiegel "unrealistic" because they fall under the situation where the bank immediately sells all its assets and the losses related. However, not foreseen, they say. In late 2008, the difference between the market value of the assets of HRE and the price they were enrolled in the group accounts was 31.5 billion euros.