Dangers loom in boom cities

THE economic downturn resulting from the global financial crisis was mild compared with the expectations of recession or worse early last year.

Real estate is the ‘buy of the century,’ says ING Global’s Ferguson – InvestmentNews

An upturn is coming in the publicly traded real estate space, and investors need to be nimble to take advantage, according to Ritson Ferguson, manager of the $1.9 billion ING Global Real Estate Fund (IGLAX). “The market is still soft, but right now …

GPT full-year loss improves – ninemsn

Australia’s third biggest listed real estate investor spent 2009 recovering from 2008, when it racked up massive losses and its securities plunged in value as it was caught out with too much debt during the global financial crisis. Westfield Group is …

Beware extreme house price claims

Australians should be wary of those with the most extreme views on the outlook for house prices, according to Macquarie Bank economist Rory Robertson, who won a well-known bet on house prices in the midst of the global financial crisis.

AT A GLANCE: Global Central Bankers Meet In India – Wall Street Journal

AT A GLANCE: Global Central Bankers Meet In India Wall Street Journal … global recovery that is being accompanied by a surge in commodity and real estate prices, increasing costs and accelerating the pace of inflation

Construction shows signs of a recovery

While the Australian construction industry was hit by the global financial crisis (GFC) last year, things are looking up this year.