Healthcare real estate transaction volume hit a record high in 2022 with approximately $26 billion invested into the sector, according to a JLL healthcare survey. At 58 percent, medical office buildings comprised the largest portion of healthcare real estate investment … Continue reading →
Higher interest rates, decreased demand in the office sector and a rise in defaults have put the brakes on the CMBS market. Bloomberg reports that only about $4.27 billion in commercial mortgage bonds have been issued so far this year, … Continue reading →
Signed on March 8, 2018 in Santiago de Chile, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam (the UK … Continue reading →
A land value tax is a levy on the assessed value of land without regard to the value of any improvements located on the land. By contrast, in a single-rate property tax system, land and the improvements upon it, are … Continue reading →
According to the IEA, the buildings and construction sector accounted for 36 percent of final energy use and 39 percent of energy and process-related carbon dioxide (CO2) emissions in 2018, 11 percent of which resulted from manufacturing building materials and … Continue reading →
Egypt’s annual urban consumer inflation rate rose to 21.3 percent in December 2022—the highest since the end of 2017, according to Asharq Al-Awsat (reporting data from CAPMAS). MEI reports that by the end of August 2022, international reserves had declined … Continue reading →
Midtown and Lower Manhattan are nine percent and one percent below their pre-pandemic retail spending levels and 35 percent and 36 percent below pre-pandemic restaurant and bar spending levels, with foot traffic still down by 23 percent and 18 percent … Continue reading →
According to a paper by Evenett and Pisani, in April 2022, a total of 2,405 subsidiaries owned by 1,404 EU and G7 companies were active in Russia. By late November 2022 (nine months after the Russian invasion of Ukraine), only … Continue reading →
FT reports that in Germany, house prices rose more than 60 percent in the past seven years. However, the German property market has stalled since the European Central Bank started raising interest rates last summer to tackle inflation. According to … Continue reading →
Canada’s Prohibition on the Purchase of Residential Property by Non-Canadians Act (S.C. 2022, c. 10, s. 235) (“the Act”) came into force on January 1, 2023. The Act is intended as a response to rising housing prices. According to RBS, … Continue reading →