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According to a new survey, the Latin American hotel industry will increase room supply by 65 percent over the next ten years to meet demand fueled by the region's economic growth.  real estate companies in qatar According to Jones Lang LaSalle, the lodging industry in Latin America is forecast to add 425,900 rooms over the next ten years, reflecting a compound annual growth rate of 5.2 percent, led by domestic economic growth in Brazil, Mexico, Colombia, and Peru. The rise in room supply, however, might not be enough to keep up with the rapid growth in these countries, according to the company. According to Clay Dickinson, executive vice president of JLL's Hotels & Hospitality Group, Latin America, "any estimate points to a disproportionate increase in the amount of hotel and timeshare development needed to meet projected demand within those target countries." "These countries are also in the early stages of transforming their economies to be more servi...

The hotel chain announced today that it would collaborate with developer FSA Group to construct nine Hyatt Place hotels in Brazil.  doha property The hotels will have 150 to 200 rooms and be located in metropolitan, suburban, and airport settings, according to the chain. "This joint venture represents the next step of Hyatt's growth in Latin America," said Pat McCudden, senior vice president, Latin America and Caribbean real estate and development. Hyatt Place is Hyatt's brand in the "upscale select service" segment, where hotels traditionally offer less facilities. It was launched in 2006. In late 2012, Hyatt opened the first Hyatt Place in Latin America in San Jose, Costa Rica. This year, Hyatt Place hotels will open in Mexico, Panama, and Chile. "The select service segment is substantially underserved in Latin America," Mr. McCudden said. "We believe that by tailoring the design and amenities specifically for the Latin American mark...

According to a recent Cushman & Wakefield global retail survey, global trends for shopping center growth remain optimistic. While emerging economies have slowed and growth will not match that of 2012 and 2013, substantial supply additions are expected in major emerging markets such as Brazil, Russia, India, and China from 2014 to 2016.  apartment Both the massive rise in ultra-high net worth individuals worldwide, as well as improving global economic fundamentals and increased consumer sentiment, bode well for the property industry. Global GDP is expected to expand at a rate of 3.4 percent, the fastest since 2011. Household spending will play a big role in achieving GDP growth, with the United States, the eurozone, and China leading the way. Despite recent slowing inflation, China is projected to post a world-leading 4.5 percent increase in consumer spending in 2014, which will accelerate to 5.1 percent in 2015. "As the global economy moves from recovery to expansion, retail r...

According to Jones Lang LaSalle, global commercial real estate investment volumes hit $549 billion in 2013, up 18% from the previous year.  qatar real estate Thanks to improved global economic conditions and increased liquidity, investment volumes in the fourth quarter alone totaled $183 billion, up 31% from the previous quarter, according to the company. The figure for the fourth quarter was 13% higher than the same time the previous year. According to JLL, the improvement in global property markets is due to more positive economic forecasts and consumer trust. "The willingness of investors to keep hard income generating properties, alongside and in some cases in preference to more liquid investment opportunities, is definitely benefiting real estate," Arthur de Haast, lead director, International Capital Group at JLL, said in the study. "Experienced investors' willingness to look at opportunities that need additional asset management or more innovative solutions ha...

Commercial real estate markets in Asia Pacific had their best year on record, with investments totaling $126.7 billion by year's end.  real estate qatar According to a study from Jones Lang LaSalle, commercial transaction volumes in Asia Pacific increased by 29% in 2013, surpassing the previous peak of $120.5 billion set in 2007. In the paper, Stuart Crow, head of Asia Pacific capital markets at Jones Lang LaSalle, said, "2013 proved to be an excellent year for Asia Pacific commercial property markets, exceeding our revised estimates of $120 billion."  "Despite macro concerns about China's growth outlook, EU stability, and the US government's fiscal policy, unwavering demand has prevailed." According to a separate JLL survey, global commercial real estate investment volumes totaled $549 billion in 2013, up 18% from the previous year. The region's core markets of Japan, China, Australia, and Singapore led the region's record-breaking investment gr...

Hong Kong's retail market is by far the most competitive in the world for multinational retailers, with prime rents in major cities such as New York, Paris, and London reaching record highs.  qatar property During the fourth quarter, prime retail rents in Hong Kong hit $4,333 per square foot per year, topping CBRE's quarterly list of 97 prime retail markets around the world. New York comes in second with $3,300 per square foot per year, followed by Paris ($1,452), London ($1,356), and Zurich ($961). According to CBRE data, prime retail is strong and leading locations are becoming stronger, owing to increased demand from high-end retailers willing to pay record rents in an environment where construction costs are at historic lows. In the survey, Raymond G. Torto, global chairman of CBRE Research, said, "There has been a lot of talk about the power of luxury retailers versus those that represent the mid-market." "Prime retail rents in New York, Paris, and London ha...

The Bureau of International Expositions (BIE) met last month to assess the validity and readiness of the five city bids for the 2020 World Expo. Due to a lack of government support, Thailand's Ayutthaya was withdrawn, leaving Yekaterinburg (Russia), Izmir (Turkey), Sao Paolo (Brazil), and Dubai (UAE) to woo the 166 BIE representatives before the final closed session vote in late November.  qatar real estate With the launch of many new mega projects and the government's collaborative efforts to carry the 2020 Expo to the Middle East for the first time, Dubai's chances seem to have changed significantly over the last six months. The Dubai Metro's $1.4 billion (AED5 billion) Red Line extension to Al Maktoum International Airport in Jebel Ali and the Expo 2020 site is expected to be completed quickly, demonstrating the authorities' commitment to the bid. Dubai's list of world's largest, tallest, and most audacious superlatives has given the emirate a global repu...

According to the top executive of its new acquisition target, MGPA, BlackRock, the world's largest asset manager, is targeting key markets such as Japan and Australia as it moves into Asian real estate for the first time.  real estate qatar According to MGPA executive chairman Jim Quille, BlackRock is betting that higher interest rates and the region's rapid growth will generate strong demand for property in the coming years. "In their opinion, real estate, especially Asian real estate, is likely to benefit from capital flows in the coming years," Quille said. "At the moment, we're investing in Japan, China, and Australia because we believe they offer the best value." "Hong Kong is obviously very expensive and very toppy at the moment, and it's not a market we'd be interested in." BlackRock seems to be eager to take advantage of additional future capital gains in Asian office space. The business announced on May 21 that it would acquire...

For international buyers, the selling price of a house is just one aspect of the financial equation. Taxes, stamp duties, and annual fees will significantly increase the cost of a home, turning it from an investment to a money pit.  qatar property According to data released today by Knight Frank, taxes and fees will add up to 25% to the price of a $3 million new-build home in Hong Kong, where the government is attempting to slow rapidly growing prices. The additional expense is largely due to non-citizens' stamp duty and property tax. While Hong Kong has the most fees, it is far from alone. Singapore came in second on Knight Frank's most expensive list, with consumers paying an additional 19.3 trillion in purchase prices, including the world's highest stamp duty rate of 18 percent. "While the financial crisis boosted cross-border property demand, it also created a more volatile tax and regulatory climate," Liam Bailey, global head of residential research, said. Th...

According to Cushman & Wakefield's Corporate Finance team, European banks and asset management companies have a gross exposure to non-core real estate that is subject to disposal or work-out strategies of $770 billion (€584 billion).  qatar real estate Despite the record amount of commercial real estate (CRE) and real estate-owned (REO) sales seen so far this year, the deleveraging phase in Europe is far from over, according to the findings reported in the firm's European Real Estate Loan Sales Market H1 2014 update. For the in-depth study, Cushman & Wakefield Corporate Finance conducted detailed research into the non-core real estate exposure of 46 banks and asset management agencies throughout Europe. The nine European "poor banks" studied hold over 46% of total gross non-core real estate exposure, suggesting their significance in the CRE loan and REO sales markets in the coming years. WPC Updates | Top Buyers of European Real Estate Loans 1st Quarter 2014 T...

PwC's European Cities Hotel Forecast for 2014 predicts that London's hotel sector will continue to dominate the European hospitality industry for many years to come.  real estate qatar London would be second in RevPAR growth in 2014 and first in 2015, according to the study, with 3.8 percent and 5.2 percent growth, respectively, ahead of the 17 other major European cities studied. The figures come after a successful year for London's hotel industry in 2013. According to data from Statista, the average daily rate of hotels in the capital increased by 12.7 percent during the year, rising from £122.70 in Q1 to £138.26 at the end of the year. At the same time, according to Statista, occupancy increased from 75.2 percent at the start of the year to 81.1 percent in the fourth quarter. With a RevPAR increase of 5.2 percent in 2015, London hotels will lead Europe (PwC) In 2013, the average daily rate for hotels in London increased by 12.7 percent (Statista) One Capital's Chief ...

London has surpassed Hong Kong as the world's most expensive city for businesses to locate workers, according to foreign real estate adviser Savills. Hong Kong had previously topped the list for an uninterrupted five years. New York and Paris round out the quartet of major cities where the total cost of renting residential and office space exceeds $100,000 a year per employee.  qatar property Since its inception in 2008, these four cities have dominated the Savills Live/Work Index top 12 world cities, representing the relative resilience of both the residential and commercial markets of more established global cities following the downturn compared to the more recently emerged new world cities, according to Savills in a new survey, 12 Cities, released today. The index calculates the average costs per employee* of renting living and working space in 12 different cities around the world in US dollars. Fluctuations in overall live/work costs represent not only the intensity of a city...