French newspapers L’Obs and Le Point report that real estate prices in Paris continued to increase in 2019, attracting rich buyers while pushing less wealthy residents towards the suburbs of the French capital.
Experts from Deutsche Bank speak of a ‘supercycle’ in Berlin's real estate market. They expect Germany's capital to become the most expensive urban agglomeration of the country, despite the city currently ranking only fifteenth in residential property prices.
Many of our clients at Tranio are individuals with budgets starting from €100,000, who want to invest in property abroad. While skimming the market, it may seem like this amount is not enough to buy a decent income-generating property in Europe in locations where quality commercial spaces go for no less than €5 million, while small retail facilities can fetch anywhere between €3-5 million.
By the end of 2017, seven out of ten people in the EU were living in their own homes. However, more than a half of Germany’s population now rent housing, and according to forecasts by Trading Economics, this trend is only going to grow. Tranio looks into why Germans are opting to rent rather than buy.
There’s more potential to make money in the country’s real estate than most people think. The majority of Europe’s real estate markets are overheated but Greece is one of the few countries where property is still relatively cheap.
On 3 October, 2019, the government of Montenegro announced starting to receive the applications to join the citizenship-for-investment programme that will last for three years.
The volume of German property transactions reached €53bn in 2017, which was twice that of 2012. JLL experts expect the transaction volume to reach €60bn in 2018. So why are investors increasing their spending in the German property market?
The German property market is one of the most stable in the world. And today, it is a seller's market, as there are fewer properties available than investors wishing to buy them. Tranio explains some of the pertinent details an investor must consider before taking the plunge into the German rental market.
"Thai banks do not provide mortgage loans to non-residents. What’s more, foreign nationals can´t get a bank loan for any purpose. There is only one legal way for them to finance their property purchases in the country, which is through the MBK Group," said Nikita Shcherbina, Director of the East-West Realtors Group, Tranio's partner in Thailand.
People are embarking on more short-term travel holidays — aka luxury micro trips — than ever before, and the short-term luxury residential property rental market is booming as a result. Airbnb, never one to miss a trick, has launched the Airbnb Luxe platform, which offers thousands of hi-spec luxury apartments in classy areas from $1,000 a night to cater for this growing market. Tranio explains why there are so many people willing to splash the big bucks on short trips.
The volume of real estate transactions related to luxury property has steadily increased from the turn of the Great Recession in 2011 to 2018. And with signs of a looming global economic slowdown, high-net-worth individuals (HNWIs) are looking to diversify their portfolio with non-traditional investments—as opposed to the standard set of equities and bonds—including luxury real estate.
From 2013-16, the number of Russians buying international real estate tailed off before the trend reversed – for the last three years a healthy increase in cross-border investment has been registered. This upward trajectory rocketed in H1 2019, boasting a $96 million increase on the previous year. Tranio explains the situation in more detail.
The Senate of Berlin has approved a controversial law that will prevent landlords from hiking rents in the city. Tranio looks into how the new regulation will affect overseas/foreign investors’ demand for real estate in Berlin.
International economists have recently been discussing the possibility of a new global economic crisis, which, according to certain estimates, may be hovering ominously on the horizon. With this in mind, experts at Tranio explain what lessons can be learned from the financial crisis that battered the world at the beginning of the 21st century.