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Showing posts from July, 2022

Falling rents and improved facilities are a boon for Bahraini tenants.

According to international real estate consultancy Cluttons, the Bahrain real estate industry is under increased pressure due to deteriorating economic conditions, a slowing in oil and gas production, and a rise in real estate supply. As a result, the industry is characterized by increased rewards, adjustments, and service quality from landlords and developers as they compete for market share.  villas in Doha A positive outcome of these factors, according to Cluttons Bahrain Spring 2017 Property Market Outlook, is a 'Golden Era' for occupiers in Bahrain, with historically low prices, a large range of exceptionally well-managed facilities, and a developer strategy that is inherently based on market-suitable properties. According to Cluttons, after a largely flat 2016, the relative stability of residential rents across the Kingdom's main expat-dominated submarkets appears to have ended. Rents declined across the board in the three months leading up to the end of March, si...

In Brazil, the fund focuses on affordable housing.

Paladin Realty Latin America Investors IV has put $60 million into a joint venture in Brazil to develop 2,400 affordable homes.  Properties in Qatar for sale According to a press release, the joint venture with Constructora Altana, a residential real estate company, will initially concentrate on metropolitan So Paulo, Brazil, where it will build homes with a total sales value of about $250 million. According to Randall Loker, managing director of Paladin Realty, the A-PIMA II platform currently has one project approved in the So Paulo metro area and hopes to "continue building homes for the growing low and middle class segments of Brazil's population." "As a result of the country's attractive demographics, increasing growth, and growing access to mortgages, we continue to see the demand for new affordable housing in Brazil, especially in So Paulo," Mr. Loker said. In 2009, Paladin Realty collaborated with Altana on another A-PIMA platform, which incl...

High-end Properties and Artistic Synergy Mirror Fine Art Market is a marketplace for fine art.

The desire to buy a trophy home and decorate it with world-class artwork is not recent. Both, if purchased wisely, combine a rewarding lifestyle with a profitable investment. According to new data from Christie's International Real Estate, the symmetry in demand for these two asset classes is so similar that rates for each have increased by more than 20% in the last year. Emerging-market buyers are joining forces with buyers in more mature markets to keep fine art and luxury homes prices high. Luxury Defined: An Insight into the Luxury Residential Property Market, a study published by Christie's International Real Estate (CIRE) in April 2014, reveals that luxury real estate has a far stronger association with the elite end of the fine art market than it does with the general housing market.  pearl apartments "Like luxury real estate, the top end of the fine art market has seen a revival in recent years as the world's wealthiest have turned to investments that deliver i...

Brookfield Asset Management raises $4.4 billion for a commercial fund.

Brookfield Asset Management, headquartered in Canada, has raised $4.4 billion to invest in commercial real estate globally, with an emphasis on North America, Europe, Brazil, and Australia.  buy property in qatar According to a company statement, Canada's largest alternative asset manager met its $3.5 billion target for the fund, which would allow "opportunistic" commercial property investments. "We believe we will be investing this fund at a time when high-quality commercial property investment prospects are available at an attractive risk-adjusted basis," said Ric Clark, Brookfield Property Group's senior managing partner. The company intends to invest in real estate firms, distressed loans, and shares as well as buy land directly. According to the release, Brookfield's investment strategy would center on "acquiring positions of control or power as part of multi-faceted distressed real estate turnarounds or recapitalizations." With $1.3 billi...

What is the World's Most Livable City?

According to a complicated formula devised by the Economist Magazine, Melbourne, Australia, is the most livable city in the world.  Properties for sale in Doha Melbourne beat out Vienna and Vancouver, the perennial champion, owing to its superior infrastructure. The city also earned high scores in the areas of health care and education. Australia and Canada account for eight of the top ten cities. There were no American cities in the top ten. According to the study, "those that perform highest appear to be mid-sized cities in affluent countries with a relatively low population density." "This will encourage a variety of leisure activities without resulting in increased crime or overburdened infrastructure." The widely publicized study ranks various "lifestyle issues" in 140 cities. Every city is given a "score of relative comfort" based on 30 factors divided into five groups: security, healthcare, culture and climate, education, and infrastructur...

In Australia, the number of foreign buyers has doubled.

The number of international buyers interested in new property in Australia has doubled in the last two years, according to property professionals, with Queensland and Victoria reporting the most activity. According to a survey by the National Australia Bank, property activity in the new property sector accounted for around 13% of overall demand in the second quarter, up from 5 to 6% in 2011. In Queensland, the figure was as high as 20%, and in Victoria, it was as high as 14.1 percent, indicating that these states "remain the preferred destinations for international investors."  apartments According to the Foreign Investment Review Board, Asian investors, especially from China, have been the main drivers. "A variety of factors, including efforts to curb real estate speculation in China, diversification for Chinese property investors, and immigration potential," according to NAB. According to the report, both international and domestic investors are interested in prop...

KKR enters the European real estate market.

Kohlberg Kravis Roberts, a private equity company based in the United States, has made its first investment in the European property market, paying £112 million ($174.7 million) for three retail warehouse parks in the United Kingdom.  real estate companies in qatar According to the Financial Times, the three centers, known collectively as the Tuscany Portfolio, equal 430,000 square feet in Oxford, Glasgow, and Sunderland, with an initial net yield of 6.5 percent based on the price. "We like the properties because they have a long lease [10 years], which is a positive thing to have in macroeconomic instability," Guillaume Cassou, KKR's European real estate head, told the Financial Times. According to a statement from KKR, the centers are 90 percent complete. The purchase is part of a new wave of private equity operation in the United Kingdom. First-time investors in the United Kingdom have traditionally focused on London. The FT notes that buyers are beginning to shy away ...

The World's Top Ten Train Rides

I have to make a confession. This story should have been named "My Top Train Rides in the World." It's my column, so these are my (completely subjective) picks! So have your ticket punched and settle in for a round-the-world train trip.. . doha property   No. 10: Norway's Flam Railway— This is the quickest trip on our list, taking less than an hour. It will transport you from Myrdal Mountain Station to Flam, following the Aurlandfjord the entire way. With deep gorges, dense-green trees, craggy hills, and thundering waterfalls, the Norway of travel posters comes to life outside the window. The train travels slowly and even stops at some of the most scenic locations. Durango & Silverton Narrow Gauge Railroad (USA), No. 9— Put your chaps on and your boots on, pardner. And you almost hope to see Butch Cassidy and the Sundance Kid galloping atop the surrounding ridges on this trip into the Old West. And those ridges are absolutely stunning. On a narrow-gauge train with...

Taiwanese firms are looking to invest in overseas real estate.

A reform in Taiwanese regulations is expected to increase capital flow out of the country and into international property markets. Insurance firms, which could previously only buy domestic property, are now permitted to invest in real estate outside of Taiwan as of early May.  apartment The insurance companies control a total of $450 billion in cash. However, the new legislation places a limit on how much they can invest: it can't reach 10% of shareholders' equity. In addition, the insurance provider is unable to borrow any funds for the transaction.  Nonetheless, the new legislation is expected to result in a $2.6 billion transfer to another nation. Analysts expect that insurers will purchase whole office buildings to improve on Taiwan's very low rental yields, which range from 2.3 to 2.5 percent. They already own around a third of Taiwan's Grade A office buildings, and foreign investment would help them diversify their portfolio. "Ideally, they'd like to buy ...

For the first time in 41 years, London home prices are more than double the national average.

According to global real estate consultancy Cushman & Wakefield, the average London home price is now double the UK average for the first time in 41 years . real estate companies in qatar London homes are now twice as expensive as the average UK property for the first time since building society Nationwide released house price data in 1973. Although wages in London have increased, they have not kept pace with house price increases - according to the Office for National Statistics, Londoners earn just 30% more than the UK average. Anecdotal evidence suggests that homeowners are fleeing London, especially for key commuting hubs, to take advantage of the large price disparity between London and regional housing markets. According to Nationwide's house price index, the new average London house price is £362,699, which is just over double the UK average of £178,124. To put this in historical perspective, London house prices have been 1.5 times higher than the UK average for the last...

In Q2, London received $5.7 billion in commercial investment, with 75% of it coming from overseas.

Cushman & Wakefield, the world's largest privately-owned real estate services company, reported £3.38 billion in central London commercial property sales in the second quarter of 2014, bringing the overall investment in the first half of 2014 to £7.6 billion.  doha property The figure for Q2 2014 is down from £4.28 billion in the previous quarter, which was the highest amount of Q1 central London expenditure ever reported - but the £1.7 billion St Martins purchase of More London inflated the figure substantially. In Q2 2014, foreign capital once again dominated the majority of transactions, accounting for 75% of total value. Highlights from the C&W Report Include the following: In the second quarter of 2014, £3.38 billion ($5.7 billion USD) was invested in central London commercial real estate. West End deal value hits £929 million in Q2 2014. In the second quarter of 2014, City & Docklands transactions totaled £2.45 billion. In the first half of 2014, Chinese investors...

In 2014, global luxury residential prices increased by 6.2 percent.

According to the new Knight Frank Prime Residential Prices Index, luxury residential property prices rose 6.2 percent on average in the year to June 2014 across the global index's 32 cities. The value of luxury homes in main US cities is now growing at a faster pace than in other European and Asian cities. In the year to June 2014, 27 of the 32 prime residential markets tracked by the index saw positive annual price increases, up from 21 a year earlier.  apartment Jakarta and Dublin stand out for their outstanding performance, with 27.3 percent and 23.5 percent increases in the year to June, respectively. In both cases, however, the rate of growth slowed in the second quarter. The rate of growth in Dublin has slowed from 5.6 percent in the first quarter to 2.1 percent in the second. Given Ireland's improving economic outlook and the expiration of Ireland's capital gains tax incentive at the end of 2014, we expect prime prices to continue to rise in the second half of the ye...