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Showing posts from August, 2022

Post-Brexit, the Paris Office Market is thriving.

Despite the uncertainties surrounding Brexit, according to Knight Frank's Q3 Paris Office Market Outlook Report, office take-up in Paris is anticipated to exceed the long-term average. In the first half of 2016, office take-up in the Île-de-France area was 1.2 million square meters, up from the same period the previous year. The outlook is expected to remain good, with total take-up expected to reach 2.4 million square meters for the full year.  property Despite the fact that the CBD remained the main focus of occupier demand, the La Défense market saw a record first half-year take-up of 126,500 square meters. Increased occupier activity among major corporates such as Deloitte & Associés and Bureau Veritas contributed to the boost in demand in the area. Strong pre-letting activity and a limited development pipeline resulted in a decrease in vacancy levels, leaving 4.1 percent of office space available in the city's central business district. The availability of Grade ...

According to JLL, the weakening of the Chinese currency benefits global property markets.

It's been a year since China startled the world by allowing greater flexibility in the renminbi exchange rate, which resulted in a historic 1.9 percent decline in value against the US dollar. Despite widespread concerns about China's economy, JLL claims that the move has benefited the global real estate industry by increasing mainland Chinese investors' appetite for overseas properties and stoking interest among Chinese insurance and other financial companies in holding real estate assets rather than cash.  for sale qatar Since the yuan depreciation last year, mainland investors have escalated their purchases of property assets in Hong Kong and further afield in the United States, where real estate values are linked to the value of the dollar. Wheelock and Co sold both towers of its One Harbourgate complex in Kowloon to mainland investors over the past nine months, with insurance giant China Life acquiring the west tower for HK$5.86 billion in November and Shenzhen bill...

To entice homebuyers, European ski resorts are focusing on infrastructure investments.

According to Kate Everett-Allen of global real estate consultant Knight Frank, when buying a ski home, buyers now take a 5- to 10-year view and place a greater emphasis on the asset's liquidity. As a result, it's critical to keep an eye on upcoming investment projects.  apartment for sale Aside from the ski property's specifications and maintenance, which are up to the owner's discretion, the location impacts the desirability and thus the future selling price. Buyers want to know that if they decide to sell, they will be able to do it swiftly and move on with their lives. Buyers are increasingly scrutinizing the main resort owners' investment plans and approach, according to Everett-Allen. If the resort has plans to join up and create a larger ski domain, if the lifts are to be upgraded, if luxury brands are leasing retail space, or if new hotel groups are examining crucial sites, these are all issues that potential buyers are interested in. Their reasoning ...

The Ascension of the High-Rise.

As a new wave of high-rise buildings, mostly in China, the Middle East, and Southeast Asia, show developers vying to expand to record heights, vertical cities are moving ever higher. Cities cover just 2% of the earth's surface area, but they house 53% of the world's population, with analysts predicting that number will rise to 75% by 2050. When limited land meets a growing population, the only option is to go up.  qatar real estate The 55-meter (180-foot) Home Insurance Building in Chicago was the first skyscraper when it was built in 1885. As steel prices dropped, the number of skyscrapers increased, culminating in 1931 with the Empire State Building, which for 41 years held the record for the world's tallest building at 381 meters (1,250 feet). Things are moving quickly today, thanks to advancements in technology and high-quality materials, as well as a strong local demand for high-rise buildings in many parts of the world. Since 2010, more than half of the world's ta...

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."  real estate qatar "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." 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 events in Ukraine, I...

Asian insurers are planning a $75 billion investment in global real estate.

According to CBRE, the growing liberalization of regulatory restrictions on Asian insurance funds could result in an additional US$75 billion entering global real estate markets by 2018, with New York and London as prime targets.  qatar property Because of stringent regulations, especially around overseas properties, insurance companies in Asia are generally under-allocated to real estate. The majority of their international assets are liquid and clear, such as equities, cash, fixed income, and government bonds. This situation is changing, as many countries, including China, South Korea, and Taiwan, have begun to encourage overseas direct investments, increased real estate allocation, and a streamlined approval process. The Asia insurance sector's asset size is also rapidly increasing, having risen by 13% between 2008 and 2013. According to CBRE, Asian insurers' investment assets will rise from US$130 billion in 2013 to US$205 billion in 2018 as a result of the combined impact ...

Commercial Real Estate Investment in Asia Pacific to Rise in 2019.

According to JLL, a global commercial real estate consultancy, Asia Pacific's total real estate transaction volumes are projected to increase by 5% in 2019, but the rate of growth will slow. Mr. Stuart Crow, Head of Capital Markets, JLL Asia Pacific, says, "A decade into the economic cycle, investors are contending with macro risks and geopolitical instability such as growing interest rates, continuing trade tensions between the US and China, as well as strains in the EU triggered by Brexit negotiations."  villa   "With its portfolio diversification advantages and comparatively higher returns compared to other asset groups, real estate continues to look appealing as a safe haven for investments. However, since income-producing alternatives are becoming harder to come by in this late-cycle setting, investors are becoming more cautious and disciplined in exiting investments."   The strong demographic fundamentals in Asia Pacific will continue to drive re...

In Asia, the trend of residential co-living is gaining traction.

Millennials in Asia are now sharing more than just work spaces and transportation, according to a recent JLL study titled "Bridging the Housing Gap." They've decided to live together in a new type of shared housing where people share similar values and lifestyles.  find property qatar   Co-living is gaining traction in Asia, according to the study, especially in markets like Hong Kong and the greater China area, where housing affordability is a concern. Although flat-sharing is common among young professionals and students in many countries, co-living spaces vary in that they are professionally run rather than organized informally.   Most managers emphasize the service's community elements, which include yoga classes, film screenings, dinners, and free drinks, as well as networking activities with guest speakers and seminars tailored to residents' personal interests.   "The advent of the co-living model provides an affordable housing option for th...

Consumer Patterns and the Retail Landscape in Hong Kong are Changing Due to E-Commerce.

Retailers and landlords in Hong Kong must welcome reform. The emergence of e-commerce is expected to post substantial growth and disrupt the local retail industry in the next few years, according to JLL's new retail white paper, "Reimagining Retail - Bricks, Mortar, and the Evolution of E-Commerce in Hong Kong." Smaller mom and pop stores, regional shopping malls, and smaller shopping centers are projected to face direct e-commerce rivalry. To survive, prosper, and ride the wave of the future, landlords and retailers must adopt emerging technology, new resources, and new retail strategies in order to survive, thrive, and ride the wave of the future.  real estate agent   Hong Kong has lagged behind many other major global cities in terms of online transactions as a percentage of overall retail sales. However, according to industry figures from the Hong Kong Trade Development Council, online sales grew at a CAGR (Compound Annual Growth Rate) of 15.1% between 2011 and ...