The Jordanian real estate market has recorded its first quarterly growth since the downturn in the economy, thanks to better home financing and developers securing bank finance. Sales prices in the kingdom rose by between 1% and 3%, with rentals jumping up to 4%. Small and medium-sized properties were particularly popular with tenants seeking affordable prices.

Australia is the world’s most transparent real estate market in 2010, pushing Canada into second place, according to Jones Lang LaSalle and LaSalle Investment Management’s Global Commercial Real Estate Transparency Index. Whilst one third of markets globally registered no change or a deterioration, there are a number of bright spots and real estate transparency continues to improve, albeit moderately, in the majority of markets. Of the top 15 improvers, nine are in Europe and six are in Asia Pacific. Turkey tops the league table of transparency improvers, and progress has been made in China, India, Poland, Portugal, Romania, Greece and Hungary.

 Starwood Property Trust, a real estate investment trust focused on originating, investing in and financing commercial mortgage loans, has signed an agreement to acquire a USD503m portfolio of performing commercial mortgages from TIAA-CREF for approximately USD510m, plus accrued interest.

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The European Commission has proposed a Directive on Alternative Investment Fund Managers (AIFMs) with the objective to create a comprehensive and effective regulatory and supervisory framework for AIFMs at the European level. (more…)