According to PwC’s Emerging Trends in Real Estate report for Europe in 2016, the five leading cities for investment prospects in 2016 are Berlin at No 1, followed by Hamburg, Dublin, Madrid and Copenhagen. The German capital is being tipped for this year “based on its young population and its growing reputation as a technology […]
As if nosediving sales tax revenues and a looming budget deficit were not enough, a swathe of successful lawsuits from business owners protesting their property values have handed Houston City Council another fiscal headache. Mayor Sylvester Turner lamented what his finance director projects as a $16 million drop in property tax collections during the current […]
Investment in Manchester commercial property hit a total of £1.2bn in 2015, a three per cent increase on the £992m recorded in 2014. According to the latest research from CoStar Group, the leading commercial property information provider a total £67.5 bn was invested in UK commercial real estate in 2015 making it the second strongest […]
The housing market ended 2015 with a bang as property prices rose at the fastest pace since January last year, official figures show. The biggest rises were recorded in commuting towns within reach of London as homebuyers increasingly search for more affordable housing outside the capital, according to the latest figures by the Land of Registry. […]
At the start of 2016, the financial markets went into a frenzy when China’s Shanghai Stock Index plunged 7% in one day. The stock markets in Europe, Asia and the United States quickly followed suit with steep declines. In the following days, while traders focused on China’s financial markets, economists were looking at the […]
Property prices in the Pilbara town of Karratha have halved to their lowest level in 11 years as the mining town suffers a double blow from falling iron ore and oil prices. Desperate sellers are slashing asking prices by more than $100,000 and some homeowners have been left nursing losses of nearly $300,000 on properties […]
Dubai’s residential property market is showing signs of plateauing after about 18 months of price decline. New figures from the consultancy ValuStrat show that there was “no significant change” in values of apartments and villas in the 26 areas that it monitored in December. It said that its ValuStrat Price Index remained constant at 97.9 […]
Global risks don’t know borders – a message the Global Risks Report series has highlighted since its inception in 2005. However, the impact that global risks have on different stakeholders is still far from understood. The Global Risks Report 2016, therefore, dedicates a section of its 11th edition to the analysis of theglobal risks of […]
Housing in Australia has been categorised as “severely unaffordable” compared with metropolitan markets around the world, a comprehensive survey has found. Of 10 major metropolitan markets assessed in the housing affordability survey, Hong Kong had the least affordable housing for the sixth year in a row, followed by Sydney. Sydney replaced Vancouver as the second […]
We are at the beginning of 2016 and everybody is wondering how this year is going to be, since 2015 was full of surprises and had plenty of bad news. This year, few are willing to forecast anything beyond a market correction, yet there is little sign of positive evidence for a rebound according […]
