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Bubble trouble in Brazil Property prices are skyrocketing in Brazil. The construction sector is booming. And the mortgage market is expanding rapidly. But there is a growing concern that all this is unsustainable. And imbalances in the economy - an overvalued currency and high inflation - are exacerbating the dangers of the looming credit and property bubble. The average asking prices of new apartments across the country soared by 24.7% in April 2011 from a year earlier, according to Exame Magazine (using data from Ibope Intelligence, the largest Brazilian market intelligence firm). Based on the Ibope Intelligence figures, in April 2011:       *In Ipanema, Rio de Janeiro's most expensive district, the average price of        new properties rose 36% y-o-y to BRL13,031 (US$8,212) per sq. m., while the        price of existing properties increased 25% y-o-y to BRL12,134 (US$7,646)        per sq. m.       *In Jardim Paulista, Sao Paolo's most expensive district, the average price        of new properties rose 39% y-o-y to BRL9,120 per sq. m (US$5,747); the        average price of existing properties escalated 49% y-o-y to BRL6,959        (US$4,385) per sq. m. The FIPE ZAP Index of Dwelling Price Offers shows Sao Paolo dwelling prices up 25.9% during the year to April 2011, and up 83.7% over the past 3 years. In just two years (2008-2010), the average selling price of new one-bedroom apartments in São Paulo almost doubled. Newly launched two to four-bedroom apartments increased in value by between 40% and 60% over the same period, according to Embraesp, a local real estate research firm. Looking longer term, from 1996 to 2010, prices of newly launched apartments in São Paolo rose by almost 229% (131.6% in real terms), according to Embraesp, as the accompanying graph shows. For all years since 1996 price rises have been strongly positive, except in 2007, when house prices dropped slightly due

China is going to have a collapse soon. In the last ten years the new construction market has grown at 30% per yer. Its being supported by government paying for massive new real estate development. One day the Gov't in China is going to quit paying for this expansion and then it's really going to hurt.

NEP: New Economics Papers Urban and Real Estate Economics Edited by: Steve Ross University of Connecticut Issue date: 2012-04-17 Papers: 23 Note: Access to full contents may be restricted.  NEP is sponsored by SUNY Oswego. To subscribe/unsubscribe follow this link http://lists.repec.org/mailman/options/nep-ure In this issue we have: Is India's Manufacturing Sector Moving Away From Cities? Ejaz Ghani; Arti Grover Goswami; William R. Kerr A Regional Model of Endogenous Growth with Creative Destruction Steven Bond-Smith Local average neighborhood effects from moving to opportunity Dionissi Aliprantis; Francisca G.-C. Richter Compulsory Schooling Laws and In-School Crime: Are Delinquents Incapacitated? Gregory A. Gilpin; Luke A. Pennig What price a roof? Housing and the cost of living in 16th-century Toledo Drelichman, Mauricio; Gonzalez Agudo, David Well-Being in Germany: GDP and Unemployment Still Matter Johannes Vatter Landfill Diversion in a Decentralized Setting: a Dynamic Assessment of Landfill Taxes Massimiliano Mazzanti; Francesco Nicolli Taxing home ownership: distributional effects of including net imputed rent in taxable income Francesco Figari; Alari Paulus; Holly Sutherland; Panos Tsakloglou; Gerlinde Verbist; Francesca Zantomio Early Childhood "Pay-For-Success" Social Impact Finance: A PKSE Bond Example to Increase School Readiness and Reduce Special Education Costs Robert Dugger; Robert Litan Complex Methods in Economics: An Example of Behavioral Heterogeneity in House Prices Bolt, W.; Demertzis, D.; Diks, C.G.H.; Van der Leij, M.J. Robust Test for Spatial Error Model:Considering Changes of Spatial Layouts and Distribution Misspecification Guo, Penghui; Liu, Lihu Comparing Treatments across Labor Markets: An Assessment of Nonexperimental Multiple-Treatment Strategies Carlos A. Flores; Oscar A. Mitnik Understanding Places Using a Mixed Method Approach Deutsch, Kathleen E; Goulias, Konstadinos G. Hope VI Fairfield Court Neighborhood: 2011 Evaluat

INDIA TO HOST FIA GALA AWARDS FOR 2011 posted a minute ago by Ashish Arya [ updated Dec 18, 2010 3:18 PM ] Image by baxiabhishek via Flickr India will become the first Asian country to host the FIA Gala Awards - an annual event - next year at New Delhi. The sport's governing body accepted the presentation made by the chairman of the Federation of Motor Sports Clubs of India (FMSCI), Vijay Mallya, at a meeting in Monaco with the event scheduled on 9-10th December 2011.

The inflow of foreign direct investment (FDI) in India decreased to around 2-year low at 1.05 billion US dollar in November 2012 because of uncertainties of the global economies. Back in November 2011, the FDI was worth 2.53 billion US dollar. The Department of Industrial Policy and Promotion (DIPP) announced that from April-November period 2012-13, inflows of FDI decreased by around 31 percent to 15.84 billion US dollar from 22.83 billion US dollar in 2011-12. The reason why inflow of FDI decreased was because of the issues arising in the global economic scenario. Economic slowdown as well as absence of political consensus on FDI-associated issues are the main causes of decline in FDI inflow.

There has been a new development located right at the heart of downtown Toronto by CentreCourt Developments, the renowned name in the condos construction sector. CenterCourt developments is a well known name when it comes to Condos in Toronto, with their successfully completed and accomplished projects in the downtown Toronto - Peter Street Condos in 2011, Karma Condos in 2011, INDX Condos in 2012, & Core Condos in 2014. They now bring to you another pre-construction 52 storey new condo building planned to be completed in the spring of 2019, Grid Condos.

U.S. cities that have high levels of foreclosed properties at house auctions are more vulnerable to market depression in 2011. Analysts stated that values of homes will drop further during the year.

FSBO property sellers will continue to face tough competition from foreclosures in Hays County in 2011. The number of foreclosed properties up for auction in the county for February 2011 has risen.

Although Fort Myers still has high levels of foreclosure auctions for sale, most real estate agents expect 2011 to be better. According to them, the housing market recovery will start this year.

Economists expect demand for pre foreclosed properties and new houses to rise in 2011. Sales of housing units are projected to rise for the year as military population continue to expand in the area.

Analysts are predicting that prices of residential properties, including VA foreclosure homes, will decline further in 2011. An almost 4% decline is being predicted by analysts for the current year.

The number of foreclosure homes for sale in the U.S. is set to increase again in 2011 as foreclosure-related filings set a record last year. Almost 2.9 million households received filings in 2010.

Realtors in several areas of New York are optimistic that sales of foreclosed houses and bank owned condominium properties will grow in 2011. According to them, the low prices will draw buyers.

According to housing industry experts, the number of foreclosure and bankruptcy repo homes will continue to rise in 2011. They predict that lenders will repossess more properties than they did in 2010.

Analysts predict that the number of bank foreclosed and government tax foreclosure properties will increase again in Scranton in 2011. They based the prediction on the rise in delinquency rates in 2010.

Contracts to purchase bank owned repos and other residential properties are expected to rise in California. For 2011, realtors predict more buying activities.

Sales of properties under bank foreclosures listings increased in several areas of Arizona in 2011. Compared with 2009, foreclosure-related filings also declined.

Huge supplies of tax deed properties will continue to pull the housing market of Georgia down in 2011. Economists expect the market to bottom out this year.

Housing experts stated that there is a possibility that filings for bank foreclosures will rise again 2011. Most of them believe that the peak of the home industry crisis will occur during the year.

Foreclosed duplex homes for sale and distressed homes are projected to rise in Cleveland County in 2011. Underwater loans are the reason for the projection.

For those who do not currently own homes, but are looking to, this is a time of great opportunity. Why?