Sunday, May 20, 2007

Property Shares From Japan, Germany, China Lure Global Value Investors

(Bloomberg) -- Investors seeking the cheapest
property stocks are buying in Japan, Germany and China after a
two-year tumble in shares of U.S. homebuilders.

Japanese land prices are rising for the first time in 16
years, yet shares of developers trade at less than a third the
global average, according to UBS AG. The start of real-estate
investment trusts in Germany is spurring demand for housing
stocks valued at about half the worldwide mean. China's new laws
protecting homeowners and Brazil's record-low mortgage rates are
attracting money managers looking for the fastest growth.


Read more at Bloomberg Stocks News

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