The housing market in Paris, France continues to defy expectations, with demand continually outstripping supply. Prices are steadily rising, and an era of low interest rates (accommodative monetary policy) is fuelling demand among new buyers. An op-ed in the New York Times by Roxana Popescu revealed some startling insights about the French property market. According to the data, the average home price for an existing apartment in the capital city is on the rise, significantly higher than the boom time with 2011 property prices. The sale price in the desirable Sixth Arrondissement spiked from €11,300 per square metre in January 2015 to €14,000 per square metre in January 2019. In affordable areas of Paris such as the 19th Arrondissement, prices rose from €6500 in January 2015 to €8350 in January 2019. -- Advertisement -- Clearly, Paris is not reflective of the overall market for French real estate. In the City of Lights, demand continually outpaces supply, … [Read more...] about French Real Estate and Brexit Matters: Where to Next?
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BERLIN, Aug 26 (Reuters) – Shares in German property companies fell on Monday after media reported the Berlin city government plans a tougher-than-expected cap on rents, below what is currently charged in prime locations. Shares in Deutsche Wohnen — the German capital’s biggest landlord — were down 3.6% at 0756 GMT while those of DAX-listed Vonovia shed 2%. Other real estate stocks were down as well. “Leaked details for the Berlin rent freeze draft law show that this might end up rather as a rent cut than a rent freeze,” analysts with Jefferies said in a note. Local daily Tagesspiegel at the weekend published details of a bill drafted by the city administration’s housing department. Berlin monthly rents for apartments built up to 2013 would be capped at 7.97 euros per square metre — regardless of their location in the city, the report said. This would be lower than current rents for many apartments in prime locations. Landlords could … [Read more...] about Berlin city rent cap plans hit real estate shares
July 16, 2019 Norway’s 95-year-old real estate investor and hotel tycoon Olav Thon has been on an albeit short honeymoon this summer, after marrying his long-time sweetheart and former judge Sissel Berdal Haga (age 78). The couple has proven, according to Oslo Mayor Marianne Borgen, that there’s no age limit on love. Olav Thon with his characteristic red cap at an annual gathering hosted by Norway’s central bank. PHOTO: Nils S Aasheim/Norges Bank “If this isn’t the ultimate happiness, I don’t know what is,” said Bergen’s former mayor, Trude Drevland, who was a guest at the wedding where Borgen officiated. The ceremony and celebration, performed at Thon’s own Bristol Hotel in Oslo late last month, attracted several other top politicians and celebrities from Norway’s business and entertainment world. Newspaper Dagens Næringsliv (DN) reported that around 250 relatives, friends and colleagues turned out for the occasion, at … [Read more...] about Real estate tycoon honeymoons at 95
Christian Keszthelyi Saturday, June 22, 2019, 12:04 Although the mergers and acquisitions market appeared to be moderating in 2018, the number of foreign investors grew compared to the preceding years. The most attractive sectors for foreign direct investment were the real estate and technology industries, EY’s annual M&A index reveals. Last year a total of 107 M&A deals were signed, boosting the market to an estimated value of USD 3.35 billion. The number of deals in 2018 was down by 20% compared to the preceding year, which led to the shrinking of the estimated market value from 2017’s USD 4.02 bln, data from the EY M&A Barometer survey shows. The estimated value of transactions of less than USD 100 million reached USD 17.8 mln in 2018. However, the value of the deals was published in total in 19 cases only, with five transactions being above the USD 100 mln threshold. The real estate sector was once again the most attractive for FDI in 2018. A … [Read more...] about Real Estate Sector Rules Moderating M&A Sector in 2018, Says EY
Tanisha A. Sykes Special to USA TODAY Published 5:59 AM EDT May 31, 2019 TV shows can make flipping — when an investor buys houses and sells them quickly for a profit — look easy. Not so fast, say experts and flippers alike. “There’s a lot of moving parts in house flipping with serious financial implications if you overlook something," says Audra Walters, a real estate agent at Front Porch Properties in Charleston, South Carolina. “Failing to get a good estimate for renovations or not securing proper permits could cause delays and lead to massive losses.” For Jerryll Noorden, a former NASA robotics research scientist who now flips three to four houses at a time through his Connecticut real estate firm, the hardest part was finding the funding to buy properties. “Asking other people, including lenders, for money was a horrifying thought,” says Noorden, who started flipping houses in 2016. “I found an investor … [Read more...] about Real estate for sale: House flipping tips