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Showing posts from September, 2022

Munich's rents are no longer the highest in Germany!

  According to a recent national rental comparison, Munich, the Bavarian capital, is no longer the most expensive city in Germany to rent in.   pearl apartments In 2019, rents increased by 1.8 percent. Although rents in Germany continue to increase, they are not growing as rapidly as in previous years, according to a recent study from the Research and Consulting Company for Housing, Real Estate, and the Environment (F+B). Every year, F+B compiles a rent index by analyzing cold rents charged for average 65 square meter flats in municipalities and cities with a population of at least 20.000 people. According to this year's survey, which covered 351 cities and municipalities, prices increased by 1.8% in 2019, a 0.4% decrease from the previous year, to an average of 7,04 euros per square metre. Stuttgart has overtaken Berlin as Germany's most expensive capital. Although rents in Berlin's eastern suburbs, Potsdam, Dresden, and Schwerin are still lower than the nation...

In Germany, there are 600,000 vacant homes!

  Since rents in larger German cities hit record highs, a recent study found that more than half a million apartments are vacant in less popular areas and the situation is expected to worsen in the years to come. In Germany, the number of vacant properties will increase As everyone who has gone outside the big and university cities of Germany knows, there are thousands of apartments in several municipalities that have remained unoccupied for years. With rentals increasingly affordable in cities like Berlin and Munich, there are numerous areas with an over abundance of cheap real estate where fewer and fewer people are looking.   real estate companies in qatar This is evident from the recent vacancy rate research carried out by Emprica and CBRE, which analyzed data from the Federal Statistical Office (Destatis) to compile Germany's vacancy index. For the Index, only apartments (not private homes) were considered, which could be leased directly, and units were not con...

Rent limit in Berlin: 300.000 renters will soon be paying less!

  The infamous rent limit (Mietendeckel) bill was passed by the Berlin Senate this week, effectively freezing rents for the next five years. The legislation now only has to be passed by the House of Representatives in order to take effect. Here's a rundown of what'll be different.  doha property The Berlin Senate has approved a rent ceiling. In comparison to other German cities, Berlin does not have the most expensive rental market. But what concerns me the most about the housing market in Germany's capital city is how rapidly prices have risen in recent years. As a result, Berlin's "Red-Red-Green Senate" (named after the three coalition partners' colors: SPD, Left, and Alliance 90 / The Greens) has decided to freeze rents on 1.5 million apartments for the next five years. In addition, basic rent will be set at 9,80 euros per square metre (excluding utilities). Tenants signing new rental contracts are not allowed to be charged more than the previou...

House Hunting in Germany: a traditional estate with a contemporary touch!

  A 6.9-Acre Northern Germany Equestrian Estate MILLION $5.1 (4.2 MILLION EUROS) Established in 2000 in the town of Fredenbeck, approx 40 miles west of Hamburg, in the north of Germany, this equestrian property of traditionally fired bricks with a regional reed hook roof.  qatar properties for sale The 69-acre property has, apart from the three-bedroom four-bedroom main house, a one-bedroom guesthouse and a stable building with a living room adjacent to the heated 43-by-16-foot pool. A second stable building large enough to accommodate five horses has access to a paddock and a specialized equine field, said the Hamburg Sotheby's International Realty Managing Partner Alexander Stehle, who listed the building. Granite stepping stones lead to the main door that opens to an airy, double-height foyer. The 4800 square foot home, which was refurbished in 2009, has interiors designed in New York by the Tonychi Studio with heavy wooden beams and Asian arts. Furniture is include...

Greensill Bank has collapsed against the lenders by the German government!

  Hypo Real Estate, one of Germany's largest casualties during the financial crisis in 2008, has lost 75 million euros in the collapse of the Greensill Bank.  buy property in qatar for expats HRE was one of the depositors attracted by Greensill Bank's relatively high interest rates whose parent, Greensill Capital, collapsed in March. The German government was forced to take over the Munich based institution and was, according to people familiar with the matter, one of the main depositors at the bank, following the allocation of the funds in 2018. BaFin shut down Greensill bank in March, following alleged balance sheet manipulations revealed by a forensic audit. The regulator subsequently lodged a criminal complaint against the management of the bank, which is currently under public prosecutors investigation in Bremen. Losses to Greensill's retail customers are compensated by the German Deposit Insurance System, which has paid them over €2.8 billion. However, the ini...

In Hamburg, who buys what

  The majority of home buyers in the Hamburg region are locals, with international buyers responsible for just a small percentage of home sales, according to brokers. Travel limits and quarantine laws slowed down home sales to foreign buyers during the pandemic . buying property in qatar for expats Jens-Olaf Lenschow, a notary at Notariat Neuer Wall 41 in Hamburg, said, "I didn't have many investors who live abroad or have companies abroad buying residential property in Hamburg over the last year." “I'm not sure if those revenues decreased, but they certainly did not increase.” Global home buyers in Hamburg, according to Ms. Stuwe, usually come from France, Switzerland, the United States, the Netherlands, the United Kingdom, and Austria. Between 2005 and 2015, Mr. Lenschow said, there was a massive influx of Danish investors into Hamburg, but they have since thinned out. Many buyers come from China and the United States, as well as expatriate Germans returning h...

In 2021, Hong Kong's Luxury Residential Market Will Rebound.

Since the second quarter of 2019, the luxury residential market has seen its strongest performance. According to the latest Residential Sales Market Monitor report from international property consultant JLL, Hong Kong's luxury residential capital values rebounded 0.8 percent q-o-q in the first quarter of 2021 after falling 8.2 percent in 2020, while luxury rents remained largely flat with a mild drop of 0.2 percent q-o-q; both recorded their best performance since the second quarter of 2019.  al aaliya island Following a decrease in infection cases in the city, home viewing activity increased and buyer sentiment improved during the quarter. In the first quarter of 2021, 42 homes worth more than HKD 100 million changed hands, which is up 31% from the same time last year but still well below historic levels. In addition, total consideration was around 55 percent higher than in 2020. Senior executives from mainland Chinese companies have been active in Hong Kong's luxury mar...

In 2021, commercial property investment in Hong Kong will increase by 23%.

In the second quarter, retail and industrial assets remain a top investment priority. According to JLL, total investment volumes in Hong Kong for commercial buildings worth more than HKD 20 million grew 22.6 percent year on year to HKD 12.5 billion in the first quarter of this year as the Covid-19 pandemic subsided. It demonstrates an improvement in market sentiment in the first quarter compared to the previous year . qatar sale In the first quarter, sales of retail assets were the most active among commercial properties. Retail properties accounted for over 57 percent of the entire investment volume in commercial properties worth HKD 100 million or more. When commercial properties worth HKD 20 million or more were included, the proportion of retail purchases grew to around 61.2 percent. The overall investment volume in retail properties valued at HKD 100 million or more increased by 15.4% year on year. The increase is much more noticeable when sales of retail properties wort...

Despite the Coronavirus, global home prices are expected to rise by 5.6% in 2020.

According to Knight Frank, the international property consultancy, global urban house prices climbed by 5.6 percent on average in 2020, up from 3.2 percent in 2019.  iphone installment plan qatar The performance of urban house prices, on the other hand, is becoming increasingly split. The difference in performance between the best and worst-performing cities has increased to 42 percentage points, up from 36 in June 2020. Turkish and Russian cities are among the best-performing emerging markets, despite the fact that Turkish price rise is substantially connected to high inflation and the lira's trajectory.   The report's main conclusions include that, on average, urban house prices climbed by 5.6 percent in 2020, up from 3.2 percent in 2019. Turkish and Russian cities are among the best-performing emerging markets, despite the fact that Turkish price rise is substantially connected to high inflation and the lira's trajectory. Cities in the United States have rise...