Posts

Showing posts from May, 2023

In 2019, global commercial investment fell by 2% annually.

  2019 Investment Flows Were Affected by Political Unrest and Brexit CBRE, an international property consultancy, said this week that worldwide commercial real estate investment activity in the fourth quarter of 2019, including entity-level agreements, was practically flat (-0.5%) compared to the fourth quarter of 2018, while full-year volume declined by 2%.  real estate agent In the fourth quarter of 2019, EMEA saw significant investment activity, gaining 19 percent year over year and compensating for the preceding three quarters' lull. In Q4, investment volume in the Americas declined 6% year over year, while it decreased 27% in APAC. Frequently Asked Questions about the Global CRE Market in 2019: In Q4 2019, global commercial real estate (CRE) investment, including entity-level deals, totaled US$326 billion, a 0.5 percent decrease from Q4 2018. Global volume decreased somewhat (-2% ) in 2019 compared to 2018. In Q4, worldwide CRE investment volume increased by 9% ...

Miami International Home Sales Totaled $6.9 Billion in 2019.

  Worsening global economic outlook, political instability cut down foreign buyer activity in 2019  qatar houses 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. 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 the state...

Rents in Europe fell in the second quarter as the global COVID crisis persisted.

According to the latest HousingAnywhere International Rent Index Report for Q2 2020, quarterly rental rates in practically all European cities fell in Q2. While early hints of the Covid-19 pandemic's impact on rental rates were seen in the first quarter of 2020, the implications of the travel ban, which was in effect from mid-March, are now completely apparent.  for sale in qatar Single-room rents have reduced the most year over year, while prices for apartments and studios have been less affected. This is due to stronger local markets: while demand for these houses has declined dramatically among expats and young international professionals, it continues to be high among local residents of larger European cities. Because there is less demand for single rooms from outside markets, more are left empty. Cities in nations that were less affected by Covid-19 and were able to reopen their borders in mid-June have seen lesser declines in rental costs as a result. Despite the fact that th...

Paladin Realty Partners makes a multi-million dollar investment in Colombian real estate.

  Paladin Realty Partners, one of Latin America's most prominent real estate investors and developers, announced this week that its Paladin Realty Latin America Investors III, LP fund had completed its first investment in Colombia.  shop for sale in qatar Pali-Trocha, a homebuilding platform based in Bogota, will be created in partnership with La Trocha, Ltd., a 30-year-old family development firm focusing on higher density, highly designed housing and commercial projects in Bogota's upper income neighborhoods, thanks to Paladin Realty Partners' initial investment of $18 million. This new La Trocha platform concentrates on high-end residential infill projects and boutique hotels in downtown Bogota, as well as opportunistic land and commercial purchases in the city's outskirts. The La Trocha projects are scheduled to be funded with roughly 70% equity and 30% debt, in line with Paladin Realty's generally low-leveraged investment strategy in Latin America. Construc...

In Colombia, Hilton has signed six multimillion-dollar franchise agreements.

  South America, according to Hilton Worldwide management, will continue to be a new revenue stream for the next decade.  plot for sale Christopher J. Nassetta, the company's president and CEO, has signed six additional franchise agreements with METRO Hotels to open additional properties in popular tourist destinations over the next five years. Two hotels are now being built and are slated to open in 2013. In Barranquilla and Cartagena, they are both Hampton by Hilton properties. There will be 125 rooms in Barranquilla and 132 rooms in Cartagena. The four additional new hotels' locations are yet to be revealed. In a company news release, the anticipated development cost of the six hotels was also not provided. Analysts in the hospitality industry, on the other hand, predict that the building cost alone will be in the millions. Hilton's vice president of development for South America, Cristiano Gonçalves, views "Hilton Worldwide sees Colombia as a key strategic ...

Colombia's residential property market is at all-time highs.

Colombia's real estate industry is booming, and it's having a big impact on secondary housing markets. Following the rise in new house costs, used home (existing home sales) prices in Colombia have continued to rise, reaching a new high. According to a research by Portafolio, used home prices have increased by 74% since the end of 2004. Given the present rate of the country's economic growth and the wide availability of financing, housing demand in Colombia is expected to stay robust. Colombia's economy is expected to develop at a good rate of 4.5 percent in 2012, and at a good rate of 4% in 2013, especially provided the Central Bank does not hike the reference interest rate. If the nearly 50-year battle between the Colombian government and the FARC rebels comes to an end, Colombia might see a large increase in foreign investment, adding to housing demand. As a new round of peace talks gets underway, the rebels agreed to a two-month cease-fire.  property The increase in...

According to a Jones Lang LaSalle report, residential sales in Hong Kong are down 16 percent year over year.

  The Hong Kong residential market slowed in 2011, according to a new analysis released this week by global real estate firm Jones Lang LaSalle titled the Hong Kong Mid-Year Property Review.  for sale   The government has imposed austerity measures over the last 12 months in order to better manage overheating concerns in the residential sales market. In 1H11, the combined impact of the Special Stamp Duty and the increased obstacles established for potential buyers by lower loan-to-value ratios resulted in a considerable decrease in sales market momentum.   During the period, a total of 55,200 residential sale-and-purchase agreements were registered, a 16 percent decrease from the previous year. However, compared to the levels seen in 2005, 2006, and 2008, an average of 9,200 transactions per month during the first half of 2011 is still deemed healthy (8,600, 6,800 and 8,000 transactions per month, respectively).   In the first half of 2011, a total o...

Across the Asia Pacific region, office rents and capital values are continuing to rise.

    According to a new research from global real estate firm Jones Lang LaSalle, the Asia Pacific office leasing market was supported in 2Q11 by continuous corporate recruiting and rising accommodation requirements. The aggregate net take-up across key Tier I markets remained identical to the previous quarter, but it increased by 28% year over year and is still at record levels.  propertyfinder qatar   In 2Q11, vacancies decreased in several cities, while office rentals increased in most markets outside of North Asia, albeit at a slower rate. During the quarter, 15 of the 27 featured office markets saw net effective rents rise, while the others stable or experienced tiny residual reductions. The average quarter-on-quarter increase in rental growth across the region was 2.4 percent, which was similar to the previous quarter. Quarterly rental increases averaged 2.5 percent in the first quarter of 2011.   In 2Q11, rents in Beijing and Jakarta increased th...

Mainland China's commercial markets continue to perform well while the United States considers a currency war with China.

According to Jones Lang LaSalle's 3Q Mainland China property report, average Grade A office rents increased 2.5 percent year over year as growth demand from both MNC and local tenants remained robust.  properties for sale "Newly finished buildings have been promptly occupied by demand from both foreign and domestic enterprises in recent quarters. Due to limited future supply, notably in Puxi, landlords will be able to maintain significant bargaining power in the near future "Jones Lang LaSalle Shanghai's Managing Director, Anthony Couse, stated. As city-wide retail sales continued to rise and a number of new shops joined Shanghai, the retail leasing market remained strong. This quarter saw a number of transactions in the en-bloc investment sector, including office and retail buildings. Rents grew 1.6 percent year over year in the non-bonded logistics market, owing to strong demand in the supply-constrained West Shanghai submarket. Office Markets of Multinational Corpo...

Despite the slowing economy, the Asia Pacific region is seeing increases in residential market prices.

  According to the newest edition of Knight Frank's Asia Pacific Residential Review, produced by Nicholas Holt, certain Asia Pacific countries are seeing prices rise in their home markets despite a worldwide economic recession. His findings were published in a news release on the internet.  qatar selling Since the third quarter of 2009, Hong Kong has had its fastest quarterly growth. According to the research, price growth in the Hong Kong residential market increased from 1.8 percent to 8.4 percent in Q2 as confidence improved and pent-up demand drove up transaction volumes. Markets are still being influenced by the global economy's persistent instability. Weaker economic growth has had an influence on buyer sentiment and, in certain circumstances, wealth. Despite this, property as a hard asset is still viewed as a safe investment option, as evidenced by inflation and often negative real interest rates, according to the research. Government intervention in various pro...

In Japan, buying cheap land for water rights is become a big deal.

  China is currently leading the pack of foreign investors drawn to Japan's low-cost land supply. For the past two decades, Japan's real estate values have been falling. Now, investors are seeing a market opportunity in purchasing forest acreage with water rights at low costs. Because of Japan's permissive land-buying regulations and insufficient land registry, they see a market niche.  house and lot for sale Some parts of isolated woodland in Japan can be purchased for 60 US cents a square meter (10.76 square feet) including groundwater, according to Japanese government sources and numerous media accounts. Japan is the only country in the Asia-Pacific area that does not have any restrictions on foreigners investing in real estate. According to a UN assessment released in August, Japan, which has a falling population, is in the top 10% of countries in terms of water resources, whereas China and India, which have the opposite demographic trend, would suffer water shortag...

Hong Kong Outperforms Manhattan The World's Most Expensive Retail Market.

A special administrative region of the People's Republic of China is formally known as a SAR. But, especially in the area of high-priced real estate, Hong Kong marches to its own drummer. The Causeway Bay sector of the neighborhood is now regarded as the world's most expensive retail street. used cars in qatar under 10 000 For the first time in 11 years, the region has surpassed New York City's Fifth Avenue. Cushman & Wakefield, based in New York City, came to this conclusion after conducting a survey of high-end retail markets in 2012. The following are some of the highlights from Cushman & Wakefield's newest Main Streets Across the World report: Bloor Street in Toronto is still the world's 20th most expensive street. Overall, global retail rents were stable, with prime sites seeing a 4.5 percent increase on average. South America saw the highest rental increase of any area, with top rates up 11.6 percent. "Despite a weaker global economy and persisten...

In Asia, Brookfield is looking for corporate buyouts.

  Brookfield Asset Management, a Canadian real estate behemoth, has announced an aggressive expansion plan in Asia that will see the corporation invest and grow a client base. The business, which has total assets of $180 billion, including $103 billion in real estate, has already established a foothold in Australia.  Properties for sale in Doha Rather of constructing from the ground up, Brookfield built its competence in Australia quickly through acquisitions. It bought Babcock & Brown Infrastructure, a publicly traded property fund that was drowning in debt, and subsequently Multiplex, a major Australian developer. Following those acquisitions, it purchased Thakral Holdings, a REIT that, like most of its Australian peers, was trading at a significant discount to net asset value. Rather than assembling a portfolio piecemeal across Asia, Brookfield is now considering similar deals, such as purchasing existing real estate enterprises. "We effectively developed a $20 ...

Nicaragua promotes a rival to the Panama Canal.

  A Nicaraguan parliament committee has authorized a plan to build a canal across the Central American country, moving the project forward despite concerns about the proposal's lack of details.  apartments The HK Nicaragua Development Investment Co., a Chinese consortium, is collaborating with the Nicaraguan government on the $40 billion project, which would rival Panama's canal. Nicaragua has talked about creating a canal for generations, long before the Panama Canal was finished in 1914. However, this plan raises more questions than it answers. Opponents claim the concept is hasty, pointing to a number of missing parts in the plan, such as data on project funding and the real path connecting the Pacific and the Caribbean. President Daniel Ortega has expressed enthusiasm for the project, claiming that it will capture 4.5 percent of global maritime freight flow and treble the country's per-capita GDP, according to ABC News. The national legislature, which is control...

Asia's investment in US real estate is at an all-time high.

The number of Asian investors buying property in the United States is at an all-time high, and it's not just Chinese buyers.  villas in Doha According to Real Capital Analytics, Singapore funds have invested $1.87 billion in the United States so far this year, compared to less than $1 billion last year.  According to the corporation, Singapore invested more in 2013 than it did in the previous decade. South Korea has made a $1.83 billion investment in the United States as part of a global property investment push. According to Jones Lang LaSalle, South Korea invested more than $5 billion on international property around the world in the first half of 2013, compared to only $500 million in the same time of 2012. Mirae Asset Global Investments, a South Korean company, has purchased an office skyscraper on Chicago's Wacker Dr. for $218 million. Meanwhile, according to Real Capital, Chinese funds invested more than $1.5 billion in 2013, up from $300 million in 2012. (Chinese coders...

Asia's Richest People Are Getting Richer.

  According to a study of High Net Worth Individuals, Asia-Pacific will have more millionaires and billionaires than any other area in the globe as early as next year (HNWI).  find property qatar According to a survey by Capgemini and RBC Wealth Management, the number of Asian HNWIs (those with at least $1 million in investable assets) climbed by 9.4% to 3.68 million in 2012, and their wealth surged by 12.2% to US$12 trillion. According to Asia-Pacific. With 3.73 million HNWIs, North America now has the largest population, up 11.3 percent from 2012. However, the survey concludes that Asia will soon take over the top rank. According to M. George Lewis, Group Head, RBC Health Management & RBC Insurance, Asia's "leadership in global high net worth wealth growth prepares it to become the largest wealth market by population as early as 2014." The population of ultra-HNWIs in Asia-Pacific rose the most among the wealthiest strata, and considerably faster than the re...

China is planning to invest in a new airport in the United Kingdom.

  One of China's major construction firms has agreed to fund an £800 million ($1.3 billion) development surrounding Manchester Airport, the first hint that Beijing is following through on a vow to significantly increase its infrastructure investment in the United Kingdom .real estate agent The Greater Manchester Pension Fund (GMPF), Beijing Construction Engineering Group (BCEG), and Carillion PLC will collaborate to develop Manchester Airport City, which has been dubbed the UK's largest regeneration project since the Olympics. Offices, hotels, innovative manufacturing, logistics, and warehousing are all planned for a total of 5 million square feet. As part of Chancellor George Osborne's trade mission to China, the agreement was announced. Mr. Osborne told reporters, "I am adamant that Britain does not repeat the mistakes of the past, which saw investment and growth focused only in the City of London, as essential as it is, but instead ensures that investment from...

Wal-Mart is slowing its international expansion.

In the latest hint that Wal-Mart is rethinking its worldwide strategy, the world's largest retailer is eliminating more than 50 underperforming shops in Brazil and China.  qatar houses Due to fewer store openings in Mexico and India, Wal-Mart stated this week that it will reduce its expected overseas capital spending in 2014 by $500 million, to somewhere between $4 and $4.5 billion. Although the chain continues to expand internationally, it has reduced its expected space increase by 30% in 2014, a reduction of 7 million square feet. In a statement, Walmart International Chief Executive Doug McMillon said, "We are increasing our new store performance and e-commerce capabilities." "We are convinced that a robust framework for long-term growth and enhanced returns will be in place with controlled expansion and increasing e-commerce integration in our business." Wal-Mart stated earlier this month that it was abandoning six-year-old ambitions to open hundreds of stor...

In May, hotel occupancy in Asia Pacific increased.

Hotels in the Asia Pacific region, according to STR Global, had a good month in May 2014. The region's occupancy increased 3.2 percent to 67.6 percent in May 2014; the average daily rate remained relatively unchanged at US$115.10; and revenue per available room increased 3.3 percent to US$77.80.  qatar properties for sale "The Philippines was one of the best performers in the region in terms of occupancy rise, growing 13.7 percent to 70.6 percent due to a 17.6 percent increase in demand," said Elizabeth Winkle, managing director of STR Global. "In May, Indonesia announced a positive rate increase of 10.7%. This is one of the largest rises in the country, with Jakarta leading the way with a 12.1 percent rise.  Thailand's occupancy (-12.6 percent) and RevPAR (-10.2 percent) continue to fall, while ADR continues to rise. Singapore and Hong Kong have a history of following each other in terms of ADR development. Singapore has outperformed Hong Kong this year, with gr...

In some emerging markets, geopolitical unrest is increasing'real estate risk.'

Real estate risk to both assets and workers is on the rise in many emerging-market economies, according to Cushman & Wakefield's recent white paper, "Emerging and Frontier Markets:  Assessing Risk and Opportunity." "For occupiers and investors, emerging and frontier markets offer some of the most important opportunities," said John Santora, President and CEO of Cushman & Wakefield Corporate Occupier & Investor Services. "The coming months will be difficult, but in most markets, the prospects for growth should outweigh the risks."  buy property in qatar for expats Transparency risks regarding the reliability and accessibility of information about property rights, as well as corruption risks associated with business partners' reputations and the possibility of bribery or unethical business practices, remain at the forefront for any company intending to lease, own, or operate property in emerging and frontier markets.  Recent political eve...

The 'Rat Race' in China is a result of the country's high home prices.

  Thousands of Chinese are going underground as property values in China continue to rise, generating what locals refer to as the "rat race."  buying property in qatar for expats Hu, a local laborer, rents a 43-square-foot unit for 400 yuan ($65.85) a month beneath a wealthy downtown apartment complex, with no air conditioning and a common toilet down the hall. "I can't afford to rent a place," Hu said, declining to offer his full name to MSN News. "I wouldn't live here if I wasn't trying to save money." According to MSN, living in subterranean apartments is not banned in China. And the "rat race" is becoming worse, with "casualties" of an out-of-control housing market. China's new home prices rose again in December, reaching their highest level of the year. Despite the fact that housing prices appear to be edging away from people, economists say the government is wary of adopting national property restrictions...