【出版时间及名称】:2009年11月欧洲地产行业研究报告
【作者】:法国兴业银行
【文件格式】:PDF
【页数】:36
【目录或简介】:
Contents
4 Overview of the French property development sector
5 Sector anatomy – performance and valuation
5 Focus on two main changes foreseen in the industry
6 Valuation
7 Investment summary
9 Upgrading to Buy on Maisons France Confort vs our May 2009 report
9 Ratings recently upgraded for Seloger.com and Kaufman & Broad
10 Our preferred stocks remain Nexity and Pierre & Vacances
12 US and European property markets showing signs of recovery
14 Pre-sales of new housing up 30% in Q2 2009
15 Trends benefiting most developers
16 Low supply and commercial offers
17 Commercial property investment market has bottomed out
17 Signs of improvement in the existing property market
19 Less favourable fiscal incentives in 2010
21 Updating our scenario for the housing market
23 Appendices
23 Appendix I Estimated French developer market share
23 Appendix II Estimated market share for French individual home builders
24 Appendix III The BBC standard
25 Company profiles
26 Kaufman & Broad
28 Maisons France Confort
30 Nexity
32 Pierre & Vacances
34 Seloger.com
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