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Showing posts from April, 2023

The Hotel & Spa do Vinho makes its debut in Brazil.

  (SOU PAULO, BRAZIL) Autograph Collection Hotels today announced the opening of their new 128-room Hotel & Spa do Vinho in Bento Gonçalves, Brazil, as well as a franchise agreement with Harvest Administraço de Bens Ltda.  property For its wine-inspired spa treatments and unrivaled atmosphere, the iconic Spa do Vinho Caudalie recently won the coveted "Best Spa in Brazil" award from Brazilian travel magazine Viagem e Turismo. The region around Bento Conçalves is regarded as the "wine capital of Brazil," with 35 active wineries. The Hotel & Spa do Vinho opened in 2007 in a Tuscan-style building on 18 hectares (44.5 acres) in an exclusive setting of stunning scenery, history, and culture in the heart of the Vale do Vinhedos (Vineyard Valley). The Vinothérapie Spa, which operates under license from Caudalie, a French beauty and spa company, specializes in one-of-a-kind therapies using proprietary wine and vine-related products. For true wine lovers, the hote...

Investors from all over the world are flocking to Asia Pacific property debt.

  Real estate debt is rapidly cementing itself as an alternative investment class in Asia Pacific, according to new research from CBRE, as global investors explore new ways to deploy capital in this field.  for sale qatar   Tightening lending conditions in some countries, lower property prices, and the possibility of a rate hike in many markets are driving investors to seek out more debt exposure and increase transaction activity in 2018.   Rather than taking equity positions, an increasing number of investors are lending against Asia Pacific real estate properties. Several factors have influenced the increased interest in this strategy, including a combination of higher demand and historically low yields, as well as a scarcity of investible stock. In addition, in the face of rising interest rates from the US Federal Reserve, some Asian lenders have taken a more cautious approach to real estate.   "Across the country, demand for real estate debt inve...

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.  apartment for sale 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."   "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 conti...

Investors from all over the world are flocking to Asia Pacific property debt.

  Real estate debt is rapidly cementing itself as an alternative investment class in Asia Pacific, according to new research from CBRE, as global investors explore new ways to deploy capital in this field.  real estate companies in qatar   Tightening lending conditions in some countries, lower property prices, and the possibility of a rate hike in many markets are driving investors to seek out more debt exposure and increase transaction activity in 2018.   Rather than taking equity positions, an increasing number of investors are lending against Asia Pacific real estate properties. Several factors have influenced the increased interest in this strategy, including a combination of higher demand and historically low yields, as well as a scarcity of investible stock. In addition, in the face of rising interest rates from the US Federal Reserve, some Asian lenders have taken a more cautious approach to real estate.   "Across the country, demand for real ...

The gaming industry, China-US trade, and Brexit have all had an impact on the Macau housing market.

  The Macau government is reviewing mortgage rules to make it easier for residents to upgrade their homes.  doha property According to JLL's recently published Macau Year-end Property Review 2018, Macau's property sector weakened and saw a slowdown in investment sentiment, owing to various regulatory measures on the property market and external economic uncertainty.   According to the DICJ, Macau's gaming revenue continued to rise in 2018, reaching MOP 302.85 billion, up 14% year on year. In reality, since August 2016, the city's gaming revenue has grown monthly y-o-y for 29 consecutive months, surpassing MOP 300 billion for the first time since 2014. In the first three quarters of 2018, the VIP and mass markets saw y-o-y sales increases of 12.8 percent and 20.0 percent, respectively, with the VIP segment accounting for 55.4 percent of overall gaming revenue, down 1.5 percent y-o-y.   In the first three quarters of 2018, Macau's GDP reached MOP 306.08 bill...

Kuala Lumpur is Asia's fastest-growing city for coworking space.

  Kuala Lumpur's versatile workspace center supply increased by 36% in 2018, making it the fastest-growing main city in the APAC area, outpacing Gurugram, Chennai, Brisbane, Hong Kong, Sydney, and Singapore.  apartment Despite some of the most expensive markets for office space in the Asia-Pacific region dropping, research by Instant Offices reveals why Kuala Lumpur remains a competitive center of operation for domestic and foreign markets.   Hybrid office space supply increased by 31% in Kuala Lumpur last year, while pure co-working space and serviced offices saw 10% and 7% growth, respectively. The demand is solid, with an average desk rate of RM 886 across the region. The city's demand for space continues to grow, as more companies opt for flexible workspace and corporates over conventional offices. This low-cost, low-risk method of sampling the local market is also being used by international companies.   There are 112 Flexible Workspace Centers. ...

Expansion Kick for Brazil's Largest Residential Broker.

  Brasil Brokers Participacoes SA (BBRK3), the country's largest real estate broker, has agreed to buy two brokerages in Sao Paulo for $124 million (250 million reais), with the aim of increasing revenue from existing home sales to 35 percent in five years, up from 15 percent today.  doha sale Sergio Newlands Freire, the CEO of Brasil, said this in an interview with Bloomberg. Freire expects a rise in sales from consumers who can now get more bank credit for home purchases, according to him. He added that the country's near-full employment could boost buyer demand. Brasil has agreed to purchase 65 percent of real estate broker Miranda Imobiliaria for 6.6 million reais ($3.2 million US) and 55 percent of Bamberg Planejamento & Empreendimento Imobiliarios for 25.5 million reais ($12.6 million US). It has agreed to buy the remaining 45 percent of Bamberg over the course of four years. As part of a strategy to grow in the secondary housing sector, Brazil expects to purch...

In 2019, Hong Kong surpasses London as the world's most expensive office market.

  Porto and Cape Town have the world's largest office rent increases.  villa qatar According to a new CBRE report, the increasing cost of leasing prime office space increased globally in the year ended March 31, owing to continued economic growth, job gains, and reduced availability of prime space in some markets. CBRE monitored 122 markets, and 85 of them saw cost increases. According to CBRE's annual Global Prime Office Occupancy Costs Study, average costs for leasing the best office space in each market's best location rose by 3.6 percent over the previous year, outpacing the 2.4 percent rise the year before. The top ten most expensive markets remained unchanged from the previous year, though a few moved up in the rankings. The top two slots were held by Hong Kong Central ($322 per sq. ft. per year) and London's West End ($222.70), with the former widening the distance between itself and the ground. Midtown Manhattan ($196.89) in New York City, which climbed to...

In 2019, international gateway cities are seeing a resurgence in office investment from around the world.

  Global commercial real estate investment volume rose from Q1 2019 across all countries, but overall dropped by 7.5 percent year-over-year in Q2 2019, including entity-level transactions, according to commercial real estate advisor CBRE. Only the Americas region saw an increase year over year (0.7 percent ). In EMEA, activity was down 17% from last year, and in APAC, activity was down 14%.  buying a house in qatar In the first half of 2019, global investment volume totaled $428 billion, down 10.6% from the same period last year. Nonetheless, with the US economy showing signs of improvement and central banks lowering interest rates, the second half of the year looks promising.   Highlights of Commercial Real Estate Investment in the Second Quarter: In the second quarter of 2019, global commercial real estate (CRE) investment totaled $231 billion, up 17% from the previous quarter but down 7.5 percent from Q2 2018. The Americas, EMEA, and APAC markets all saw an i...

In 2012, global home prices are expected to fall, with Asia's downturn having a significant impact.

According to the new Global House Price Index (GHPI) from London-based Knight Frank, which monitors the performance of conventional house prices worldwide, prices rose by just 0.5 percent in 2011 and fell by 0.3 percent in the fourth quarter. real estate agents in qatar The index's performance in the fourth quarter was its worst since the second quarter of 2009. This means that a global return to substantial house price growth is still a long way off. There will be no turnaround until the difference between house prices and two of their main determinants - incomes and rents - narrows and the excess supply of new homes constructed in many areas prior to 2008 is absorbed. Prices dropped in 60 percent of the countries represented by the index in the fourth quarter of 2011. If this pattern continues, the overall GHPI could easily fall into negative territory in 2012, especially if the Asian slowdown continues. In Europe and North America, a combination of global economic uncer...

Property Development in Chile Exceeded $11 Billion in 2012.

  Chile's real estate market is still thriving, thanks to the country's solid economic growth and ongoing reconstruction efforts following the 2010 earthquake. properties in qatar According to a study in the newspaper Estrategia, over $11 billion in real estate projects are currently under construction in Chile, with the majority of them in the Santiago Metropolitan Region. About 72% of these programs are currently in the planning stages. Housing sales in Chile increased 35 percent in the second quarter of 2012 compared to the same time in 2011. This reflects the market's resilience. According to the Chilean Construction Chamber, sales of apartments and houses in the Greater Santiago Region exceeded 3,500 units per month in May and June this year, the highest level since July 2011. Last May, approximately 7, 000 homes were sold throughout the country. Construction costs are continuing to increase, owing to the vast amount of construction activity currently underway. I...

Central Santiago real estate values have risen to their highest levels in nearly eight years.

  Although the massive Costanera Center project in Santiago's gleaming financial district has gotten a lot of coverage in the press, the city center of Santiago has quietly become a key real estate market.  property qatar   According to a market report cited in the Chilean newspaper El Mercurio, the price of new apartments in Santiago Center reached 36.38 UF (approximately US $1,733) per square meter in July 2012, the highest amount since November 2004, when prices were 30.88 UF (approximately US $1,471) per square meter.   The number of available units has also decreased substantially, despite price tags reaching a seven-year high. According to reports, there are currently 6,554 residential units available, down nearly 8% from the 7,119 units available only six months ago.   Furthermore, monthly unit sales velocity has risen from a nearly 8-year low of under 6% in July 2010 to 12.5 percent in July 2012. Between March and July, there was a notable in...

In 2012, global home prices are expected to fall, with Asia's downturn having a significant impact.

  According to the new Global House Price Index (GHPI) from London-based Knight Frank, which monitors the performance of conventional house prices worldwide, prices rose by just 0.5 percent in 2011 and fell by 0.3 percent in the fourth quarter.  properties The index's performance in the fourth quarter was its worst since the second quarter of 2009. This means that a global return to substantial house price growth is still a long way off. There will be no turnaround until the difference between house prices and two of their main determinants - incomes and rents - narrows and the excess supply of new homes constructed in many areas prior to 2008 is absorbed. Prices dropped in 60 percent of the countries represented by the index in the fourth quarter of 2011. If this pattern continues, the overall GHPI could easily fall into negative territory in 2012, especially if the Asian slowdown continues. In Europe and North America, a combination of global economic uncertainty, lo...

Property Development in Chile Exceeded $11 Billion in 2012.

  Chile's real estate market is still thriving, thanks to the country's solid economic growth and ongoing reconstruction efforts following the 2010 earthquake.  qatar dale According to a study in the newspaper Estrategia, over $11 billion in real estate projects are currently under construction in Chile, with the majority of them in the Santiago Metropolitan Region. About 72% of these programs are currently in the planning stages. Housing sales in Chile increased 35 percent in the second quarter of 2012 compared to the same time in 2011. This reflects the market's resilience. According to the Chilean Construction Chamber, sales of apartments and houses in the Greater Santiago Region exceeded 3,500 units per month in May and June this year, the highest level since July 2011. Last May, approximately 7, 000 homes were sold throughout the country. Construction costs are continuing to increase, owing to the vast amount of construction activity currently underway. In June, ...

Central Santiago real estate values have risen to their highest levels in nearly eight years.

  Although the massive Costanera Center project in Santiago's gleaming financial district has gotten a lot of coverage in the press, the city center of Santiago has quietly become a key real estate market.  propertyfinder   According to a market report cited in the Chilean newspaper El Mercurio, the price of new apartments in Santiago Center reached 36.38 UF (approximately US $1,733) per square meter in July 2012, the highest amount since November 2004, when prices were 30.88 UF (approximately US $1,471) per square meter.   The number of available units has also decreased substantially, despite price tags reaching a seven-year high. According to reports, there are currently 6,554 residential units available, down nearly 8% from the 7,119 units available only six months ago.   Furthermore, monthly unit sales velocity has risen from a nearly 8-year low of under 6% in July 2010 to 12.5 percent in July 2012. Between March and July, there was a notable in...

Hotel Construction Increases in the Caribbean and Mexico.

  According to the STR Construction Pipeline Report from August 2014, the Caribbean and Mexico hotel growth pipeline includes 164 hotels with a total capacity of 27,621 rooms.  houses for sale In comparison to August 2013, this reflects a 17.7% rise in rooms under contract and a 21.9 percent increase in rooms under construction. Rooms in the Construction, Final Planning, and Planning stages are included in the total number of rooms under contract; however, rooms in the Unconfirmed stage are excluded. In the first eight months of 2014, 96 hotels with 14,848 rooms opened in the city. 28 new hotels with 4,973 rooms are scheduled to open in the rest of 2014. The Unaffiliated segment would gain the most rooms (1,971 rooms in five hotels), followed by the Upper Midscale segment (1,031 rooms in nine hotels) and the Luxury segment (1,031 rooms in nine hotels) (935 rooms in three hotels). A total of 58 hotels with a total of 10,848 rooms are scheduled to open in 2015. The Luxury ...

Four years of double-digit NOI growth for Caribbean hotels.

  Caribbean hotels are continuing their run of double-digit net operating income (NOI) growth, according to the 2015 edition of Trends in the Caribbean Hotel Industry by PKF Consulting, a CBRE Company. The average Caribbean hotel saw a 17.3 percent rise in NOI in 2014, marking the fourth year in a row that NOI has increased by double digits in the Caribbean.  studio qatar Revenues and expenses at the hotel The Caribbean hotel industry is made up of a large number of exclusive resort properties in different destinations, which allows for a range of facilities and amenities to be offered. Room sales continue to be the most important source of revenue for Caribbean hotels (57.6% of total revenue in 2014). Room sales increased 7.4% last year at hotels in the Trends survey sample, owing to a 5.1 percent rise in average daily rate (ADR). "Hotels in the Caribbean with an ADR of more than US$300 were able to increase their prices without affecting occupancy in 2014. The types ...