Cuba's Real Estate Market Grows Despite Hurdles – Huffington Post

Cuba's Real Estate Market Grows Despite Hurdles – Huffington Post
A baffling, sometimes bizarre real estate market has emerged in the year and a half since President Raul Castro legalized private home sales on this Communist-run island for the first time in five decades. While trade in homes is … Sometimes the cash …
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Real Estate Matters: New lending guidelines require adequate reserves for
As condo owners defaulted on their loans and stopped paying their condominium assessments, condominium developments didn't have enough money set aside in reserves for the proverbial rainy day. Lenders that did foreclose had to make payments to the …
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Profit Confidential Expert Reports: Downside Selling Expected into 2013 Despite S&P 500s Winning Streak

New York, NY (PRWEB) December 06, 2012

In a recent Profit Confidential article, financial expert George Leong reports that while the S&P 500 recently experienced a five-day winning streak, this is not the beginning of a sustainable rally. According to the Profit Confidential expert, the market is prone to downside selling, meaning that stocks will find it difficult to advance higher going into 2013.

In the article The Stock Market Event You Need to Guard Against Right Now, Leong notes that sales on Black Friday were fine, but not spectacular, and the uncertainty of the fiscal cliff suggests tax increases and budgetary cuts to areas such as government spending will impact the middle class and, ultimately, its ability and desire to spend.

Then theres the big financial mess in the eurozone, adds Leong. Greece has yet to receive its next loan, but the country will need it to pay off its initial loan. A mess is an understatement here. [Theres] also the recession in Spain and an unemployment rate over 25%. Moreover, there are another five eurozone countries in a recession.

In all, this is not a time to get too comfortable in the equities market, states Leong.

Based on what has been seen so far in the third-quarter earnings season, Leong reasons that revenue growth is muted, as America tries to get its consumers to spend. He notes that the holiday shopping season will be critical for the U.S. economy.

In Leongs expert opinion, investors should avoid trying to time the market. Instead, the Profit Confidential expert recommends a prudent investment strategy, suggesting that investors make sure they have some trading plans in place, including an exit strategy through mental or physical stop-loss limits.

Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $ 300 an ounce. In 2006, it begged its readers to get out of the housing market…before it plunged.

Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.

To see the full article and to learn more about Profit Confidential, visit

Profit Confidential is Lombardi Publishing Corporations free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardis current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit

International Retailers Growing Despite Difficult Environment

London, UK (PRWEB UK) 15 November 2012

Colliers reports that the European retail market remains in stagnation with retail sales levels balancing around zero during the summer months. While the volume of retail trade in the Eurozone dropped -0.2% in September from August, sales grew 0.1% across the European Union. On an annual basis 0.3% growth was recorded in the EU, but the Eurozone continued to see negative trade levels (-0.8%).

Contrary to popular belief, however, some of the markets are in a good condition. The highest y-o-y growth was recorded in Estonia (9.9%), Latvia (7.9%) and Luxembourg (7.1%), followed by Russia, Romania, Sweden and the UK. Healthy growth in retail sales in these countries has buoyed the overall results for the EU, counterbalancing the large drops in Southern Europe, particularly in Greece (-9.1% in July, y-o-y).

Conversely, it is the secondary high streets and shopping centre locations throughout the EMEA region that have been hardest hit as the mid-market retailers who occupy properties in these locations struggle to survive.

Despite this difficult environment, there are still many retailers who are expanding, but the majority of them are looking for prime shopping centres and high street locations in the major cities.

Major international fashion retailers continue their strong expansion, as do the discount and value retailers who are taking advantage of market conditions to acquire both high street and shopping centre locations previously occupied by department stores or where the landlords have been able to combine a number of units previously unavailable when occupancy levels were higher.

The luxury sector continues to do well with numerous new stores opening across the region. While the main luxury markets of Moscow and London remained the favourite destinations of top brands, other locations in Western and Eastern Europe, as well as in the Middle East, are also attracting the attention of the luxury sector.


During the six month period to Q3 2012 most prime high street rents across the key EMEA centres experienced no changes or just minor shifts. A few markets registered significant increases in prime rental rates, including Saint Petersburg (12.9%), Abu Dhabi (11.1%), Copenhagen (11.1%) and Vilnius (9.4%). Even though London, Paris and Zurich remained flat during the analysed period, they are still the most expensive locations in the region.

Shopping centre prime rents in the majority of monitored markets also remained flat. Notable increases took place in Dubai and Abu Dhabi (11.8%), followed by Frankfurt (6.9%) and Moscow (6.6%). The most significant drops were recorded in Madrid (-20%), Bratislava (-15.8%) and Milan (-10%).


Lack of core product seems to be the main obstacle for investors, with overall retail investment volumes lower than in 2011. The number of high value sales was also below the previous years levels, with Germany and the UK attracting the highest investment volumes since the beginning of the year. In Germany, there is a high demand for newly-developed shopping centres or retail parks, especially for properties between 10 million and 50 million. However, due to the lack of supply this demand cannot be satisfied.

The vast majority of both high street and shopping centre prime yields remained stable over the six month period. The largest compression of high street yields took place in Warsaw (-50bps) and Copenhagen (-25bps) and a mild downward shift was recorded in Frankfurt (-10bps). Weak markets saw further softening of prime yields, with Milan leading the pack (+60 bps), followed by Athens and Madrid (+25 bps).

The upward shift of shopping centre yields was also seen in those markets struggling with poor demand and difficult economic conditions; Athens (+50bps) and Madrid (+40bps) saw the largest increases, while minor shifts were seen in Lisbon, Milan and Rome. At the opposite end, Warsaw and Sofia recorded the most significant compression of prime yields (-50bps), followed by Manchester (-25bps), Dublin (-20bps) and Hamburg (-20bps).

Sean Briggs Managing Director of Colliers Internationals Retail Agency Division in Eastern Europe, commented:

The EMEA retail market will remain stable over the coming months due to the muted regional economic recovery and weak consumer confidence.

We will, however, see further expansion of international brands, discount chains and luxury retailers as well as growth in e-commerce. We expect many brands to enter new markets, especially in Central and Eastern Europe, more often on a franchise basis.

Prime rents will remain broadly flat, with some increases anticipated in the stronger retail markets of London, Frankfurt, Moscow and St Petersburg. However, a decrease in rents is expected in some Eastern European markets such as Zagreb, Sofia, Budapest and Kyiv, and we are forecasting further rental decline in Madrid and Lisbon.

Yields should also remain flat in the vast majority of the monitored markets and, unfortunately, no fast recovery should be expected any time soon for the weakest markets.

To download Colliers Internationals EMEA Rents Map App, please go to this link:


About Colliers International

Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 530 offices in 62 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. The latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate firm in the world.

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