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Showing posts from August, 2022

Despite COVID Outbreaks, Many International Cities Enjoying Sales Recovery in July.

  According to Knight Frank's latest Global Property Index, and despite localized outbreaks, a lot of global cities are seeing sales volumes continue to improve with April so far looking to be the low point for residential activity.  houses New outbreaks have occurred in portions of the US (Southern & Western states), Spain (Catalonia, Galicia) as well as Melbourne which has led to the city entering lockdown again and the state border closing between Victoria and New South Wales, for the first time in 100 years. Perth has also attempted to limit international arrivals to 525 a week. The UK has also released its long-awaited 'traffic-light' list of 74 nations and territories which Brits can travel to without self-isolating from 10 July. Whilst France, Spain, Italy and Germany are included, Portugal, the US and Canada are now absent. In the case of Australia and New Zealand, despite being on the list, their borders remain closed. People resident in Scotland, Wales and...

Miami International Home Sales Totaled $6.9 Billion in 2019.

  Worsening global economic outlook, political instability cut down foreign buyer activity in 2019 According to the latest Profile of International Home Buyers of the Miami Association of Realtors (MIAMI) conducted by MIAMI and the National Association of Realtors, a strong U.S. dollar and a worsening global economic outlook outside of the U.S. slowed South Florida international home sales in 2019, but domestic buyers stepped in as total Miami residential sales and prices increased year-over-year. Despite the downturn, foreign buying activity remained significant, particularly when compared to the rest of Florida and the rest of the country.  qatar property finder Foreign homebuyers purchased $6.9 billion of South Florida residential properties in 2019, down 21 percent from $8.7 billion in 2018. Because the Miami Mega Region is the No. 1 U.S. destination for worldwide consumers and home to diversified overseas purchasers, the Miami worldwide market did not fall as much as ...

In 2019, global commercial property investment totaled $800 billion.

  Paris has emerged as the world's most liquid real estate market. JLL, a global property consultancy, reported this week that global commercial real estate investment volumes climbed by 10% to $245 billion in the fourth quarter of 2019. This boosted total activity for the year to $800 billion, up 4% from the previous year's highs, making 2019 the best year for commercial real estate investment on record.  qatar properties Growth is driven by established markets in all three regions. During the fourth quarter, regional activity in the Americas climbed by 15% to $97 billion. This, together with the strong performance in the third quarter, increased full-year volumes by 12% to $347 billion. The United States, where full-year volumes were driven by steady investor demand for industrial assets and ongoing resilience in the office sector, led regional performance. Annual sales activity in Canada has increased by 9%. mostly due to increased activity in core office markets li...

The United States remains the top choice among international home buyers.

International home purchasers favoured buying houses in the United States over all other countries, according to the California Association of Realtors' (CAR) "2013 International Clients Survey." These overseas purchasers still see the United States as a secure haven for their funds.  qatar villa The vast majority of international purchasers (85%) indicated they would only consider buying a home in the United States because of the country's stable government and banking system. Other nations were mentioned by 15% of those who considered investing, with Canada, Germany, Mexico, China, Singapore, Sweden, and France being the most popular. According to the National Association of Realtors, over $68.2 billion in residential property transactions occurred in the United States in 2013, down from $82.5 billion in 2012. (NAR). International purchasers also choose the United States because of its favorable location and environment (20%), proximity to family and friends (...

Fame, fortune, and real estate investment shaped the world's top '12 cities.'

New York and London have been ranked as the world's leading international cities, according to a new research by international real estate advisor Savills called 12 Cities.  apartment for sale in pearl qatar Cities are classified by Savills based on their popularity and fame, as well as their economy and size; elements that will influence the cross-border investability of their real estate, as well as their existing 'world class' city status.       1. New York is ranked first in Savills' global '12 Cities' list.       Shanghai is number seven on the list.   8. Dubai 2. London   9. Sydney 3. Paris   10. Mumbai 4. Singapore   Hong Kong is the number five.   Moscow, number eleven.   Tokyo is ranked number six, while Rio de Janeiro is ranked number twelve.   The Savills' 'X-Factor' world city characterisation used a mixture of global competitiveness, connectivity, foreign tour...

Rental Property Deductions Will Help Expats Save Money on Taxes.

Many Americans who reside overseas chose to rent out their homes in the United States. It can be a good source of income and helps you to keep your US home if you ever wish to return. However, you must keep meticulous records of your income and expenditures so any income (or loss) must be reported on your US expat tax return. We'll look at the additional form you'll need to fill out and what expenditures you may be able to deduct (or not!).  villa E (Schedule) Schedule E, Supplemental Income and Loss, is used to record both rental income and expenditures. You'll be happily surprised to receive a neat, tidy statement of all your profits and related expenses at the end of the tax year if you hired a management firm to take care of your rental property operations. Unfortunately, management firms can be costly, so many expats prefer to handle their assets themselves. It is your responsibility to keep correct, thorough records of anything related to the property in this situ...

Transparency in Asia Pacific property markets is being aided by technology.

Proptech adoption offers a huge opportunity for mature economies in Asia Pacific, such as Singapore, Hong Kong, and Japan, to advance real estate transparency. According to JLL's Global Real Estate Transparency Index (GRETI) 2018, these top investment destinations are on the verge of joining the 'Highly Transparent' category, which includes countries including Australia, New Zealand, the United States, and the United Kingdom.  buying a house in qatar "The proptech sector is rapidly expanding, especially in Asia," says Jeremy Kelly, Director, Global Research, JLL. "However, adoption remains low in comparison to North America and Europe." "Proptech's possible advantages aren't only limited to open markets. It may also aid transparency in semi-transparent markets such as China, which has a thriving proptech sector but lacks conventional data sources."   According to Denis Ma, Head of Research at JLL in Hong Kong, "Hong Kong rema...

In 2018, Hong Kong was Asia's fastest growing hotel market.

Hong Kong will be the fastest growing hotel market in Asia in 2018, according to JLL's new hotel report. Hotel occupancy rates have reached all-time highs as a result of steadily rising visitor arrivals in Hong Kong, triggering a return in hotel room rate increase.  doha house   In the first half of 2018, the Hong Kong Tourism Board recorded a 6.2 percent increase in overnight arrivals and a 13 percent increase in market-wide revenue per available room ("RevPAR") to HKD1,214. With solid visitor demand fundamentals and few additions to hotel supply, JLL expects this growth pattern to continue throughout the year, with Hong Kong recording the highest RevPAR growth among Asia's major hotel markets, estimated to be in excess of 10%. Looking beyond 2018, JLL is optimistic about tourist arrivals and RevPAR development, citing the completion of the Hong Kong-Zhuhai-Macao Bridge and the Guangzhou-Shenzhen-Hong Kong Express Rail Link this year as positive factors. The new ...

The residential market in Macau maintains its momentum.

According to JLL's Macau Mid-Year Property Review 2017, Macau's gaming revenue increased for the 11th month in a row, propelling the city's economy. As a result of the strong primary sales, the residential property market has rebounded, resulting in strong price increases in some residential projects.  housing According to the DICJ, Macau's gaming revenue was MOP 126.4 billion in the first half of 2017, up 17.2 percent year on year. Since August 2016, the city's gaming income has increased year over year for 11 months in a row. The gaming revenue from the VIP industry, which accounted for 55.9% of total gaming revenue in the first quarter of 2017, increased by 16.8% y-o-y, thanks to the refined business strategies adopted by VIP junket operators. In the first quarter of 2017, Macau's GDP was MOP 92.06 billion, an increase of 10.3% year on year. The gaming-related export of services, which grew by 13.4% y-o-y and accounted for 78.7% of Macau's total GDP, was ...