CHINA .- 14/10/2011.- The housing prices in China fell for the first time in a year.

Housing prices fell 0.03% month in China in September, down almost negligible but that is the first decline in a year.

The residential property prices rose in 54 of the 100 cities surveyed, bringing the average house price at 8.8744 yuan (about 1029 euros) per square meter, 6.15% more than the same month last year.

China's efforts to control its property market is in a "critical moment" and efforts have to focus the nation to curb the rising price of housing in less populated cities, according to Prime Minister Wen Jiabao.

SPAIN.- 03/10/2011.- Foreign investment in property in Spain was up 32.8%, according to the Bank of Spain.

Foreign investment in property in Spain rose by 32.8% in the first half of the year over the same period last year, to 2.445 million euros, according to the Bank of Spain.

Foreign investment in real estate exceeded 1,000 million euros between April and June for the second consecutive quarter, something not seen since 2008. this figure had fallen gradually since 2003, when it peaked at 7.072 million euros, and until 2006 was located at 4.716 million euros. Already in 2007 it experienced a rebound, when there were 5.341 million euros from foreign investors in homes.

By contrast, the Spanish investment property abroad fell by 44.8% during the first half compared with the same period last year, deepening a slump seen since last year, when they fell by 17.4%.

SPAIN.- 08/09/2011.- The Supreme burofax denies the effectiveness of the application of Article 1504 Civil Code, for the termination of contracts of sale of properties with deferred payment.

This has delivered the Plenary of the Civil Division of the Supreme Court in a ruling dated July 4, 2011, in which case law establishes that the payment prior to the contract termination must be carried out by the tracks explicitly listed in Art. Civil Code 1504 (notarial or judicial requirement by conciliation). So far there was no specific doctrine on the validity of the requirement by some courts burofax and understood it applies, based on the current social reality in front of the existing at the time of enactment of the Civil Code (July 24, 1889).

However, the Supreme Court reasoned that given the special importance is the resolution of a real estate sales contract is required "the unique guarantee granted by the judicial supervision of the notary public or an attorney" and that the request made , in the opinion of the Supreme Court, the burofax not have. In addition, the legislature 122 years ago has been able to expand the content of art. 1504 Civil Code to include burofax and has not done.

Therefore, the Supreme Court maintains the traditional approach to these requirements, ie, notarial or legal requirement.

EUROPE.- 10/05/2011.- European investment and commercial centers is growing almost two-thirds in 2010.

The volume of investment and commercial centers in the five major European markets France, UK, Germany, Spain and Italy grew by 66% during 2010, especially during the second half.

An economic context in which the recovery is not as strong as expected, retail remains an attractive product for investors by providing greater stability of income than other segments such as offices. As a result, since the beginning of the crisis the share of investment in retail has increased from 28% in 2008 to 34% in 2010.

In Spain, due to the ongoing economic recession and the bleak prospects of consumption, investment recovery in retail is slow. The investment volume increased 3% in 2010, but retail remains the key asset, perceived as tougher by the investors from the context of economic uncertainty. The sale of the shopping center "Ballonti" in Portugalete (Vizcaya) by 116 million euros was the most significant transaction of 2010.


FRANCE.- French 08/03/2011.- Malls lead European qualifying for investors.

The main locations of shopping centers in Europe for investors and France topped the list, followed by Germany, United Kingdom, Belgium and Poland. The study identifies five key factors for the 18 European markets in the sample, including the outlook for sales, volatility of GDP in 15 years, spending on private consumption, the area of commercial influence and the average change in income.


SPAIN .- 30/01/2011.- The Spanish property market is ready to recovery.

We believe that the housing sector in Spain is likely to recover faster from the debt crisis that the economy, when in fact the opposite is true always. Rents in cities like Madrid and Barcelona have fallen more than 40% from the fourth quarter of 2008

Ensures that the housing market always follows the steps of the overall economy, with a delay of about 18 months, however in Spain is a case of reverse psychology. We believe that although rents are likely to continue falling early this year, bottoming soon.

Throughout 2011, Warsaw, Stockholm, Helsinki, and major German cities including Berlin, Frankfurt, Munich and Hamburg also appear attractive in the rental market, especially in the office sector.