Italy, Puglia / Trullo Moro

Price: 385.000 EUROS

Situated in an area of magnificent beauty and serene skies Trullo Moro is a rare example of a four coned trullo resting on six arches with bold architecture and reminiscent of Romanic cathedrals.

The trullo has been restored to an exceptional high standard with care to detail retaining the original character and charm of this fine property. There is 1,700 m2 of land with the possibility to build a swimming pool, outside the main entrance there is a gorgeous courtyard paved with reclaimed stone slabs, a perfect area for al fresco dining.

For more information visit: Oresy.com

Growth In Commercial Real Estate Markets Expected in 2012

While leasing, construction and vacancy rates appear more or less flat, leading economic indicators are looking up and expected to bring the commercial markets along in 2012. That’s the upshot of NAR’s latest Commercial Real Estate Outlook along with SIOR’s Commercial Real Estate Index.
NAR Chief Economist Lawrence Yun:  “Vacancy rates are expected to trend lower and rents should rise modestly next year. In the multifamily market, which already has the tightest vacancy rates in any commercial sector, apartment rents will be rising at faster rates in most of the country next year. If new multifamily construction doesn’t ramp up, rent growth could potentially approach 7 percent over the next two years.”
Looking at commercial vacancy rates from the fourth quarter of this year to the fourth quarter of 2012, NAR forecasts vacancies to decline 0.6 percentage point in the office sector, 0.4 point in industrial real estate, 0.8 point in the retail sector and 0.7 percentage point in the multifamily rental market.
The Society of Industrial and Office Realtors®, in its SIOR Commercial Real Estate Index, an attitudinal survey of 231 local market experts,¹ shows the broad industrial and office markets were relatively flat in the third quarter, in step with macroeconomic trends. The national economy continues to affect the sectors, with 92 percent of respondents reporting the economy is having a negative impact on their local market.
Even so, the SIOR index, measuring the impact of 10 variables, rose 0.6 percentage point to 55.5 in the third quarter, following a decline of 2.6 percentage points in the second quarter. In a split from the recent past, the industrial sector advanced while the office sector declined.
The next commercial real estate forecast and quarterly market report will be released on February 24. (Commercial Source)

Pending Sales Increase May Point to Budding Market Recovery

The National Association of Realtors’ (NAR) pending home sales index reported strong positive movement over the month of October, rising 10.4 percent from September.

The index, which measures sales contracts but not closings, is also 9.2 percent above its rate a year ago.
In recent months, comparing year-over-year pending home sales was difficult because the homebuyer tax credit in 2010 skewed the results. NAR’s chief economist, Lawrence Yun, says October’s data allows for an “apples to apples” comparison in year-over-year data.
Thus, the monthly and year-over-year increase in sales contracts in October is a positive indication for the market.
However, actual closings might not match contract signings, Yun warns. Historically, he says, contract signings have aligned closely with contract closings, but in the past couple of years friction in the market has widened the gap.

Nonetheless, “I’m actually encouraged by these numbers,” Yun says. This could be the first sign of sustained recovery in the market, he says.
Pending home sales rose in three of four regions in October, falling only in the West, which experienced a 0.3 percent decline to 105.5. The rate, however, is 8.1 percent higher than last year.
The Midwest experienced the greatest increase in contract signings in October, rising 24.1 percent to 88.7. The region’s pending home sales are 13.2 percent above their rate last year.
Pending home sales in the Northeast rose 17.7 percent to 71.3 for the month. The rate is up 3.4 percent from last year.
The South experienced an 8.6 percent increase in October arriving at 99.5 for the month, which is 9.7 percent above the rate recorded in October 2010.
Yun says one factor that may drive purchases is rent rates, which are not only rising but accelerating.
In the past when rental rates rose, home prices rose with them. However, Yun says homes are currently undervalued while rents continue to rise, making home buying an attractive option for some.
“Home sales have been plodding along at a sub-par level while interest rates are hovering at record lows and there is a pent-up demand from buyers who normally would have entered the market in recent years,” Yun says. “We hope this is indicates more buyers are taking advantage of the excellent affordability conditions.”  (DSNews)

Property for sale in Apulia - Italy

Splendid fortified masseria 1,5 km from the sea. The building is on 2 levels and measures 980 sqm to which it is possible to add 150 sqm whose building charges have already been paid (building can start any time); the project sees 5 rooms each with ensuite. There are further 320 sqm of building volume to be used by submitting planning permission. The land extends for 10 hectares (100.000 sqm) and has a beautiful and very spacious patio area, an ample fruit orchard, an olive grove and sowing land. The structure is a successful business whose full potential is far from having been tapped in. Artesian well, central heating, a pool is in the pipeline. Very nice building tastefully renovated, dating back to the 17th century.

Price: € 4.200.000  

For more information and to contact the seller go to Oresy.com