overseas property: Foreign buyer’s guide to residential property in New York City
- 03/24/16 06:09 PM
It’s been a great year for property in New York, particularly within the “trophy property” segment, which was snapped up by foreign buyers — many from China. Prices skyrocketed and pushed even more buyers out of Manhattan into the “suburban” NYC boroughs, Brooklyn in particular. With low vacancy rates and high demand, it’s still very much a seller’s market — even though there is often room for negotiation. Property prices and rental rates in New York boroughsQ4 2015 Source: Douglas Elliman In fact, 5 neighbourhoods in Brooklyn demonstrated stronger price growth than Manhattan and New York City as a whole over the last fifteen years. The top places for price … (0 comments)
overseas property: Russians choose most expensive real estate abroad despite crisis
- 11/25/15 03:20 PM
Russia’s recession is not affecting its buyer habits abroad according to Tranio’s upcoming report on Russian and CIS Buyer Activity in 20151. In the top twenty destinations for these buyers, ex-USSR investors are still more likely to choose residential property at above market rates – particularly in the world’s most expensive real estate destinations. In contrast, spending on commercial real estate is much less extravagant, focusing on yields rather than prestige.
Take-aways: Prime residential property gets biggest investments in expensive countries Low/medium budgets destined for foreign commercial real estate UK, France and Switzerland have highest spending compared to … (1 comments)
overseas property: Mallorca: Top Places to Buy Holiday Homes in the Southwest
- 10/19/15 10:40 PM
Mallorca is the largest of the Balearic Islands and one of the most popular destinations for tourists and property buyers from Germany, Austria, the UK and Scandinavian countries. Almost 23% of the island’s population are foreign citizens, the biggest segment of non-nationals in the country. Tranio experts have selected the top destinations southwest of the capital, Palma deMallorca, to buy a holiday home on any budget.
Andratx for ultimate luxury Andratx and Puerto d’Andratx are populated by the rich and famous, attracted by the many fabulous amenities the area has to offer: exclusive marinas and golf clubs, cultural attractions and sea-view mansions equipped with private cinemas, spas, underground parking and wine cellars.
Calvia for active days … (0 comments)
overseas property: Germany Needs 50% More Homes to House Migrants
- 10/15/15 09:00 PM
The German government expects 800,000 migrants to flee to Germany from the Middle East by the end of 2015 and they will need homes. With rising house prices and high density already on the territory of Europe's leading economy, the country's task to accommodate these new migrants will not be easy. The full report is available here. Ramping up construction and public spending: Germany will have to increase the pace of construction for public housing from the current 240,000 to 400,000 new homes a year in order to handle the increasing influx of migrants from the Middle East. There have been calls to develop the … (0 comments)
overseas property: Costa Blanca calling: top places to buy a home in the sun
- 10/07/15 11:03 PM
Spain’s Costa Blanca spans 240 km and has just as many towns and beaches to visit. From Denia to Torrevieja, the Tranio team has trawled the coast to bring you the top destinations along this iconic seafront. Get the full report here.
The Costa Blanca is located along the coast of Spain’s Alicante province Did you know? – The Costa Blanca was named one of the world’s best regions to live by the World Health Organization. – It’s Spain’s warmest and sunniest coast with 320 days of sun per year and summer water temperatures reaching 28°C. – It’s famous for its white sands and Blue Flag beaches. – … (2 comments)
overseas property: Transparency gains ground over money laundering
- 08/19/15 11:28 PM
More are joining the crackdown on money laundering and corporate tax evasion. In this article by Tranio, their experts examine how OECD initiatives and EU directives will affect both international firms and private investors. OECD initiatives and tax evasion The Organisation for Economic Co-operation and Development (OECD) is working to implement the Action Plan on Base Erosion and Profit Shifting by the end of 2015. This project is set to transform the face of business accounting as well as national taxation rules and no doubt force international businesses to redefine their tax reporting structures. The clampdown primarily targets artificial avoidance of permanent establishment … (1 comments)
overseas property: Debunking profit myths on real estate and securities investments
- 08/05/15 10:40 PM
This new study explores the comparative benefits of real estate and securities investments. Crunching data on profit, liquidity and additional revenue, Tranio’s experts challenge the generalised belief that higher risk earns higher return and show that investors with long-term profit in mind are better served by real estate in new article. — Liquidity and transaction costs: it’s a well-known fact that real estate takes longer to sell and incurs more fees costs than securities. However, property investors are less concerned with liquidity and less daunted by the prospect of a long sale than their equity counterparts. — Real estate is not volatile but steady: … (1 comments)
overseas property: Russian Investments in Overseas Property
- 08/02/15 08:34 PM
Our company has published its fourth analytical study: “Russian Investment in Overseas Property –2014”. Its findings show that average Russian investors are cautious buyers who expect high returns. They take their time before making a decision and entering into a transaction, choosing small hotels or apartment houses in Europe worth up to €1.5M.
Where: Germany, Latvia, Czech Republic Russians often buy overseas property for vacations rather than investment purposes. According to 50% of realtors interviewed, few of these clients go for commercial facilities. However, nearly one third of these respondents (31.7%) believe that the presence of Russian investors on the market is noticeable. Germany, Latvia and the … (0 comments)
overseas property: Real estate recovery brings buyers back to Spain
- 07/29/15 10:05 PM
A new report by Tranio shows that Spain’s real estate market has another 2–3 years growth. Property prices in Spain have fallen 44% since 2007 but as demand returns and construction picks up, prices are set to rise too. Experts predict 1.5% gain in 2015, and another 5% in 2016 after burgeoning 0.2% growth between last year and April 2015. After peaking at an average of €2,862/sq. m. in 2007 amid liberal loan strategies, preferential currency rates for foreigners, elated European economic prospects and market speculation, prices plunged 44%, to €1,594/sq. m. in 2014 as demand disintegrated in the aftermath of the global credit crisis. Low … (1 comments)
overseas property: European real estate garners growing popularity
- 07/26/15 10:57 PM
European real estate is attracting more and more foreign buyers, according to a new report published by international real estate broker Tranio. The full report is available on Tranio.com.
Real estate agencies in Europe report massive inflows of international clients buying apartments, houses and commercial property. Foreign direct investments from across the globe into property here have doubled this decade and grown 18 times since 1989 says the OECD, mostly thanks to the major overhaul of Europe’s political and economic landscape during the past two decades. Heightened prosperity and simplified procedures for acquiring property are particularly important game changers for this market: the attractive … (9 comments)
It’s been a great year for property in New York, particularly within the “trophy property” segment, which was snapped up by foreign buyers — many from China. Prices skyrocketed and pushed even more buyers out of Manhattan into the “suburban” NYC boroughs, Brooklyn in particular. With low vacancy rates and high demand, it’s still very much a seller’s market — even though there is often room for negotiation.
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