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Showing posts from September, 2021

Investment in commercial real estate around the world will be flat in 2019.

Because of Brexit and trade policy uncertainty, there are fewer ultra-large deals. However, worldwide commercial real estate investment volumes decreased by 2% year over year, according to a new CBRE research. This includes entity-level transactions as well as quarterly increases. home Year-to-date volume is down 5% from last year's comparable period. APAC's Q3 growth was strong, up 49 percent year-over-year, helping to balance the sluggishness of H1 and push year-to-date growth to 6 percent. The Americas and EMEA had a dismal third quarter because of political unrest, low yields, and recession fears. Research Head for the Americas at CBRE, Richard Barkham, says, "Global commercial real estate investment, according to CBRE, will dip by a single digit percentage point from last year's record high. However, uncertainties about Brexit and various trade battles have not resulted in a severe recession due to low interest rates, tight labor markets, or cautious consumers.

There has never been such a high volume of commercial property transactions in Asia Pacific.

In terms of global property purchases, Hong Kong, Singapore, and South Korea were all in the top ten places. Commercial real estate transaction volumes in Asia Pacific reached a record high in the third quarter of 2019, according to new statistics from global real estate consultant JLL. freelancers For the first time ever in the third quarter, according to JLL's Global Capital Flows report, transaction volumes grew by 18 percent year over year to $42 billion. This represents a 10% increase in volume as compared to last year. With respect to transaction volume, Asia Pacific's production outpaced the global average by a factor of two in the first three quarters of 2018. According to Stuart Crow, CEO of JLL's Asia Pacific Capital Markets, investors in the region are looking beyond current hurdles including slowing GDP and trade concerns. "Liquidity has improved in markets where occupier fundamentals are strong, such as Seoul, Tokyo, and Singapore. Asian investors will l

The data center market in Asia Pacific is growing at the quickest rate in the globe.

Hong Kong's need for data centers is only increasing. According to global property consultancy JLL, solid infrastructure, connectivity, and relative ease of doing business make Hong Kong, Singapore, Sydney, and Tokyo the preferred sites for data center investment in Asia Pacific. Data storage is in high demand, therefore companies are choosing to rent space rather than own it. Demand for shared or colocation data centers in Asia Pacific is expected to surpass U.S. revenue by 2020, rising to 40% of global revenue . freelancer Due to rapid urban population development and widespread use of e-commerce, Asia Pacific is seeing an increase in the amount of data generated from various digital products and services. As the amount of data increases, companies are increasingly storing it in cloud storage. With public cloud spending in the Asia Pacific area estimated to reach $15 billion in 2018, major cloud providers such as Google, Amazon, Microsoft and Alibaba are competing to expand the

Five private islands in the spotlight for sale

The biggest sign of status is a private island. The owners are isolated by water from their colleagues – and harsh external realities. When it is surrounded by water, a home becomes a kingdom. home It is very achievable in terms of personal dreams of the kingdom. The magician David Copperfield owns his own island. Everyone agrees with Richard Branson, Johnny Depp and Mel Gibson. Hundreds of islands are for sale worldwide at any moment. Analysts believe, however, that the market has suffered in recent years, with rates for a decent island falling by 50% or more. A private island might be the ultimate discretion—no one needs one—and the number of purchasers is limited. With the exception of the Catar Sheik Hamad bin Khalifa al-Thani purchase on six Greek islands, which was about €8.5 million ($11.1 million) earlier this year. Here is a sample of five private islands that are much cheaper to sell than the Sheik: Scottish Tanera Mor $3.62 million A single family has held this 800-acre i

In Q1, the hotel market in Saudi Arabia surpassed the rest of the GCC with respect to RevPAR development.

According to STR Global, the first quarter of 2012, following a generally favorable year-end of 2011, saw a mixed turnover per available room (RevPAR) in the key markets of the Gulf Cooperation Council (GCC). freelancers In the first quarter of 2012, the RevPAR continued to alter Jeddah, Saudi Arabia, Al Khobar, Saudi Arabia and Dubai, the United Arab Emirates. Despite increasing demand in all but one area, the RevPAR outcome was hindered by continuing supply growth in the other main GCC markets. "Most markets across the GCC have had a rather good weather in the recent storms," said STR Global Managing Director Elizabeth Randall. "Most local markets have experienced increasing demand, indicating the better underlying bases of stability and appeal for visitors in the regions and beyond. In the past, growing inventory of rooms has played a significant role in efficiency, so long as the region is attractive to hotel owners and operators. The case studies from Dubai and A

Bahamas developers profit from a government agreement.

The Bahamas has resumed its hotel development quicker than other islands in the Caribbean, owing in part to a recently amended government policy to reduce building costs. Registered developers are not allowed to pay tariffs on most materials in accordance with the Hotel Encouragement Act, first adopted in the basic form in 1954. In 2009, the HEA was modified to cover entertainment, nightclubs, restaurants and stores in specified locations, which provided developers with a substantial boost. freelancer Eddie Lauth, one of French Leave Marina Village's development partners, a 270-acre property being developed on Eleuthera, says, "It was very, very useful to us." Mr. Lauth told WPC News that the HEA saves French leave on construction supplies from 20 to 40 percent, depending on composition. For the first 10 years, the HEA also exempts project taxes from charging and enables developers to import construction equipment without paying customs. "They [the HEA] have been i

London's residential rentals decreased in October for the first time since June 2009.

According to London-based Knight Frank, the investment market in London has delivered strong returns for investors in the previous two years. In the months since the Lehman crisis two and a half years ago, overall yearly returns for the audacious enough to enter the market were on average 18.2 per cent. home The impact of the weak PUBLIN drawing foreign purchasers; London's safe haven position, reinforced by global political and economic turmoil, particularly the Arab Spring and eurozone crisis, and London's post-2009 recession economic recovery all increased investment profits. Report highlights: Prime London residential rentals decreased in October by –0.1 percent, the first decline since June 2009. Despite last month's decline, rentals increased by 0.6 percent in the three months to October. In Q3, the last full year, the rental increase was 0.9%. Since the low post-crisis in June 2009, rents have increased by 27%. Prime London's rents are at almost all-time highs

The Stratford Halo Project is helping the London Olympic Zone to be transformed.

(LONDON, ENGLAND)— The huge makeover of the Stratford region in East London as well as substantial investment in infrastructure make the Olympic District of London a much desired place for professionals seeking rentals. The recently established Stratford Halo project is an excellent rental option for investment. freelancers The latest addition in East London, where Genesis offers high-quality residences, is this landmark building overlooking the London Olympic Stadium. The 43-story Stratford Halo, one of London's tallest residential towers, is located near the entrance to London's 2012 Olympic Park. The property is in one of London's best linked neighborhoods near the new shopping complex in Westfield Stratford City and at the core of the ambitious multi-billion dollar Olympic restructuring region. The region is home of some of the most ambitious new mixed-use developments in the country, which indicate the long-term change of the area and the property industry. The Stra

London's premium property footprint expands by a kilometer every eight years.

Since 2000, according to CBRE Residential Research, the £1 000 per sq ft price range believed to be when New London residence is entering prime territory has expanded at a rhythm of around 1 km each 8 years from its historic centre in Hyde Park . freelancer However, this symbolic importance was not equally spread throughout London due to land limitations and the fabric of particular towns. The biggest expansion eastwards towards the city and the Southbank has been Bloomsbury and Aldwych joining St John's wood as new epicenters of value. At present, the price point of the £1,000 a square foot is only found in Southbank south of the river Thames, but CBRE feels that locations such as Nine Elms and Battersea, as well as Wapping and Whitechapel will soon reach this crucial level. "The only districts that achieved £1,000 a sq ft in the last decade were those in the immediate southeast and east of Hyde Park, home to the renowned Knightsbridge, Mayfair and Belgravia monopoly boards

Commercial real estate value is growing in the United Kingdom.

In July, the value of stores, offices and warehouses in the UK rose as trade re-established trust. According to Investment Property Databank's latest report, commercial property equity values have grown by 0.2 percent, indicating a gain of three months. to rent The company expects continuous investor interest in the commercial sector, following the bank's declaration that low interest rates will be sustained until the unemployment statistics grow. "The recent declaration by Governor Mark Carney on the future monetary policy of the Bank of England is to continue to encourage investors in and against commercial immobilities," said Phil Tily, Executive Director and Head of the UK and Ireland, IPD. "If the UK fails to meet all its 'targets' interest rates and bond yields will remain low and investors will continue to search for excellent value added and real-estate income possibilities." According to the IPD in London, the overall return was 0.8%, with

The London Tower is excessively warm for the neighborhood.

After light reflecting off the façade of the building appears as a melting car park, designers of one of London's most recognized contemporary skyscrapers are exploring modifications to their design. Several automobile owners are dissatisfied with the status of their vehicles. He stated the light blowing out of the home, known as "Walkie Talkie," twisted the panels of Jaguar Martin Lindsay. suppliers In a joint declaration, Land Securities and Canary Wharf stated, "We take the question of light from 20 Fenchurch Street seriously and prioritize it." The risk of skyscraper reflection is not a new problem. Museum Tower developers in Dallas have had a long-term dispute with people in the vicinity, notably the Nasher Sculpture Center, over the tower. Visitors to the Las Vegas Vdara hotel claimed in 2010 that the "death ray" of the tower was strong enough to melt plastic bags. Rafael Violy created the Walkie Talkie with a glass façade and a unique high hea

Asia-Pacific is the world leader in investment growth.

Due to the increase in business in Asia, global direct business investment in real estate grew 10 percent year on year during the second quarter. In the second quarter, direct trade real estate volumes in Asia Pacific rose by 18 percent compared to the same period a year earlier, according to Jones Lang LaSalle. On the other hand, outbound investments from South Korea and China throughout the first half of this year more than quadrupled in comparison with 2012. supplier "As investors look to diversify their portfolios into major world cities such as Fresh York and London, we are continuing to witness the emergence of new capital out of Asia Pacific," said Alistair Meadows, director of the Asia Pacific International Capital Group JLL. "Investors from China and South Korea, notably in the residential and office sectors, have propelled this expansion over the last six months, and for several years emerging market corporate capital is expected to become the main topic of

Coronavirus fears continue to affect Hong Kong's office market, with rents falling in January.

According to the latest JLL Hong Kong Property Market Monitor, which was released today, the downward trend in office rents slowed in January 2021, with net effective rentals in the total market falling by 0.6 percent. home The rental decrease was modest when compared to a 1.1 percent m-o-m dip in Grade-A office rates in December of previous year. Last month, office rentals in the primary commercial districts of Central and Tsimshatsui were reasonably constant. Wanchai/Causeway Bay, on the other hand, saw the most substantial rental decline, with a 1.4 percent month-over-month drop. The vacancy rate at Central continues to rise, hitting 7.5 percent at the end of January. In the middle of the recession, corporate tenants sought to decrease leasing costs by relocating to more cost-effective office locations, and tenant decentralization remained a popular trend. According to Alex Barnes, Head of Office Leasing Advisory at JLL Hong Kong, "In January, the Grade-A office market saw a

In 2021, notwithstanding Covid, Asian outbound real estate investment is expected to recover.

The United States is the most popular outbound property investment location for Asians. According to new research from global property consultant CBRE, Asian outbound commercial real estate investment volume fell 37 percent year over year to $30 billion in 2020, owing to Coronavirus-related barriers such as travel restrictions and site inspections. freelancers For the third year in a row, Singapore was the most active source of outbound capital, accounting for $12.1 billion in transactions in 2020. The lower hedging costs of the Korean won against the US dollar aided investors in this market, which accounts for roughly half of Asian outbound investment in the United States and is the second-largest source of outbound capital overall. Mainland China came in third in terms of outbound capital, owing to many large purchases made in Australia. Although Mainland China's overseas investment increased modestly, the total sum remains significantly below historical highs. The United Stat

Turkey has the highest annual residential price growth in the world.

Global residential prices are climbing at their quickest rate in nearly three years, according to international property consultant Knight Frank. In 2020, prices are expected to rise by 5.6 percent on average, up from 5.3 percent in 2019 . freelancer In 2020, prices increased in 89 percent of nations and territories, with several emerging markets performing particularly well, including Turkey, which tops the index for the fourth quarter in a row. The following are some of the key findings: Turkey has the greatest annual price increase rate in the year leading up to Q4 2020. The average price change across the 56 nations and territories studied was 5.6 percent. New Zealand is the best-performing country in APAC, with annual price rise of 19 percent. The last time the index's annual growth exceeded 5.6 percent was in Q1 2018. India is the worst-performing country in the year leading up to Q4 2020, with a -3.6 percent performance. Several markets, notably New Zealand (19%), Russia (