European property investors are regaining their appetite for riskier assets, as fears over the euro zone's economic stability ease and sought-after properties in the best neighborhoods become too expensive, a survey showed.» Read More
Rents were more than four times the rate in similar areas in London and Paris, according to a report by global property advisor CBRE Group Inc.. In some markets, such as Hong Kong and London, the sky-high rents have prompted some newcomers to look nearby. Europe's prime retail markets followed, with London at $1,053 per square foot, and Paris at $1,050 per square foot.
*Removes hurdle to $67 bln construction programme. DUBAI/ RIYADH, April 24- A royal decree in Saudi Arabia has shaken up the way in which the government allocates vast tracts of land, removing an obstacle to a $67 billion programme to ease the country's housing shortage. King Abdullah originally announced the housing scheme in March 2011.
London's Bond Street is the most extreme example in Europe, according to property consultant Cushman& Wakefield. "The wealthy choose to buy parts of Bond Street like the rest of us buy a tie," said Stephen Hubbard, UK chairman of property consultant CBRE. "
April 12- Qatar is in talks to buy some or all of Milan's newly built Porta Nuova business district as Italy's economic crisis squeezes its U.S. developer, several sources have told Reuters.
European property investors are regaining their appetite for riskier assets, as fears over the euro zone's economic stability ease and sought-after properties in the best neighborhoods become too expensive, a survey showed.
LONDON, March 1- Rents for the best Dublin offices have risen for the first time since the financial crisis caused a property crash in Ireland that cut some commercial real estate values by more than half, the latest data from property consulant CBRE shows.
Japanese blue-chip firms, from electronics giants to brewers, are selling prime real estate to shore up battered balance sheets, stoking a resurgent property market.
Looking to cash in on that market recovery, Sony Corp said on Thursday it sold its 25- floor Sony City Osaki building near its central Tokyo headquarters for 111 billion yen- the biggest deal of its kind in four years.
A reputation as a safe place to park money during global market turmoil helped drive central London office prices up 52 percent between mid-2009 and the end of 2012. Prices in the smaller luxury residential market grew at a similar pace. As investors feel calmer about the world in general, they are looking more closely at London property holdings.
Ebullient stock markets have so far this month encouraged around half a dozen firms in Europe to launch plans to float, seeking to raise more than $3 billion in the first few months of the year.
LONDON/ DUBLIN, Jan 18- Land in Ireland earmarked for homes and offices is being sold at knockdown prices to farmers, sometimes the same farmers who made fortunes selling it in the boom years, as swathes of the country return to its agricultural roots.
SINGAPORE/ HONG KONG, Jan 16- Singapore and Hong Kong now have identical 15 percent levies to slow the foreign money that has added fuel to their overheated property markets- measures that will help first-time buyers but throw the spotlight on investors' next targets.