Middle East and North American investors are the major drivers of increased activity in the European commercial real estate market, according to the latest data by CBRE, quoted by arabianbusiness. The total value of commercial real estate investment activity in Europe continued to grow in Q2 2013 at six percent higher than the total for … Read more
Luxury home values increased in San Francisco, Los Angeles and San Diego in the second quarter of 2013 compared to a year ago, according to the First Republic Prestige Home Index by First Republic Bank. In the second quarter of 2013, the Index indicated the following: San Francisco Bay Area values climbed 10.9% from the … Read more
Prices for London’s best homes continue to rise: Knight Frank. London property prices rise, but buyers are becoming more value sensitive, according to Liam Bailey, Global Head of Knight Frank Residential Research. The leading independent global property consultancy reports that prime central London residential prices increased by 0.3% in May and are up 3.2% so far … Read more
Rising asking prices and heavy foot traffic in Manhattan’s high profile shopping corridors make the Manhattan retail real estate sector one of New York City‘s most robust, according to The Real Estate Board of New York’s (REBNY’s) Spring 2013 Retail Report, a report compiling data about asking rents for available space provided by a broad … Read more
FENDI luxury house announced a new state-of-the-art project in the Middle East, proving that the real estate market in Dubai is again performing strongly, especially in the high-end sector. The luxury global brand will provide interior designs for DAMAC Properties, the largest private developer of luxury real estate in the Middle East. The two companies … Read more
“It’s Berlin and London for core. But it’s Istanbul for opportunity.” Posting a positive outlook, Istanbul’s real estate ranked fourth in Europe, according to Emerging Trends in Real Estate Europe 2013 report compiled by Pricewaterhousecoopers (PwC) and the Urban Land Institute (ULI). “Emerging Trends in Europe” has analysed the real estate markets in 27 major European … Read more