Down and Dirty with the Property Recovery – China
Feb 15, 2012 Real Estate Advice
We all know of the growing void between capital and major cities, and the rest of the countries in which they stand when it comes to wealth, prosperity, property price growth and such like. These differences tend to be more pronounced in emerging markets than established ones, and the gaps are particularly big in the emerging markets of Asia.
Take China for example. The Republic of China is the largest country in the world in terms of population size (according to Wikipedia it has 19.5% of the world’s population, compared to 4% in the US), and it also has one of the biggest wealth gaps despite its communist ideals. In Shanghai and Beijing people are generally increasingly prosperous; they have good jobs paying good wages.
Tags: Property, Property Recovery
Investors ‘still keen to buy property in Spain’
Feb 3, 2012 Real Estate Advice
Despite the current financial problems in the eurozone, Brits are still interested in buying property in Spain. This is the assertion of the Currency Index, a firm specialising in foreign exchange services, which recorded a 32 per cent increase in the volume of euros transferred to Spain by Brits in December 2011, compared with the same month a year earlier. Robin Haynes, managing director of the firm, commented: “Buyers who are worried about any currency devaluing could even consider holding debt (such as a mortgage) as well as assets (such as property) to balance out the perceived risk.” Next week (January 30th) will see leaders from the European Union meet at a summit to discuss further measures to bring greater stability to the euro.
Tags: Spain
Truro anticipates next action in Kline house drama
Jan 23, 2012 Real Estate Advice
TRURO — The town awaits a response from the family of the late Donald Kline four days after the family’s home — Truro’s largest — was ordered torn down because of invalid building permits, Truro Town Counsel E. James Veara said Monday.
Kline attorney Diane Tillotson said several avenues that could prevent a demolition still must be considered.
“We’re definitely going to be appealing the building inspector’s enforcement order,” Tillotson said Monday.
For the house to remain standing… .
Tags: Action Kline, Kline
Investment in Global Commercial Property ‘Resilient’
Jan 12, 2012 Real Estate Advice
The volume of investment entering global commercial property markets during 2011 was higher than in 2010, new research has found. Preliminary figures from the Jones Lang LaSalle Global Capital Flows report revealed USD 400 billion (GBP 260.2 billion) was made available as direct investment in commercial real estate markets around the world over the past 12 months – up by 25 per cent on the year before. According to the study, the final quarter of 2011 saw three per cent more money flow into commercial property assets than the previous three-month period, with transaction volumes of over USD 100 billion recorded.
David Green-Morgan, global capital markets research director at the firm, highlighted the Americas in particular, where transaction levels climbed by 60 per cent.
Tags: Commercial Property, Global Commercial, Global Commercial Property, Property