Booming German property prices have led some experts to predict an impending price decline per square metre in the country. But Boris Eliasson, Head of Tranio in Germany, thinks otherwise; here, he explains why the prices will not stop growing in the near future.
On 2 August 2018, the Bank of England (BoE) raised the key interest rate by 25 basis points to 0.75% - a record rate value in the last nine years. The BoE sees this as the way forward to try and decelerate inflation down to the target value of 2%.
German commercial real estate market is considered to be a seller's market, with high-quality properties getting snapped up, and realtors mostly prefer to work with local clients. But large and riskier transactions are a different matter, requiring increased scrutiny from the buyer, i.e. ‘due diligence’.
The UK plans to launch a public registry of property-owning foreign company owners within its territory by 2021. Owners concealing information will be penalised with up to 5 years’ imprisonment.
International real estate broker Tranio has assisted a Russian investor in purchasing a land plot for the construction of a residential complex in Hamburg.
The world’s most senior PropTech summit for real estate innovators with over 300 attendees from over 45 countries is back in London on 26 September 2018.
Analysts conclude, having studied Airbnb listings, that over the past two years, short-term rental revenues in Greece have grown more significantly in locations less popular with tourists.
The most popular location with property buyers in Hungary is the capital, Budapest. This city is known as one of Eastern Europe’s cultural centres and is renowned for its magnificent architecture and historic thermal baths.
Costa Blanca, the province of Alicante’s coastline, is one of Spain’s most popular destinations for tourists and international property investors alike.
Greece owns more than 6,000 islands, but only 230 of them are inhabited. The most prestigious properties can be found on the islands of Rhodes, Lesbos, Corfu, Santorini and Mykonos.
Barcelona authorities have approved the modification of its General Metropolitan Plan. Under the new regulation, developers must set aside 30% of new-build or renovated apartment buildings over 600m² for social housing.
The Acropolis is the most important tourist magnet in Athens and typically the closer a property is to it, the higher its price and rental rate tend to be. So what’s the best way to strike a balance between the purchase price and the profit margin? Tranio explains.
In view of Greece’s economic recovery and growth in tourism, investors expect prices for Athens real estate to rise.
‘Strike while the iron is hot‘ may well be the perfect phrase to describe Greek property at the moment; the combination of attractive residency opportunities, a finally recovering economy, a booming tourist industry and plenty of room for price growth is making Greece an irresistible 2018 target for foreign property investors.
In 2016, Roman, a lawyer from Kiev, bought a profitable apartment in Budapest with the help of Tranio. In his previous interview, he told us about his search and the purchase procedure. Did he manage to achieve the planned yield and has the apartment increased in price? Tranio caught up with Roman to find out.