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 →
Lexology reports that on Jan. 21, 2023, the Arlington County Board amended the Arlington County Zoning Ordinance to allow a set of new uses. The amendment is part of Arlington’s Commercial Market Resiliency Initiative, which the county describes as “[a] … Continue reading →
There is growing concern surrounding Chinese ownership of U.S. farmland. This concern is fueled in part by the current political climate. At least 11 states are considering some form of new legislation related to foreign ownership of farmland or real … Continue reading →
Santiago de Chile ($3,571/m²), Montevideo ($2,867/m²) and Buenos Aires ($2,570/m²) have Latin America’s highest residential property prices (as of March 2022), according to the Buenos Aires Times, which references the results of a survey conducted by the Center for Research … Continue reading →
In its quarterly UK commercial property survey for Q4-2022, the Royal Institution of Chartered Surveyors (RICS) reports that 83 percent of its respondents consider market conditions to be consistent with a downturn; 49 percent still consider this downturn to be … Continue reading →
In September 2021, Amazon Data Services, Inc. (a wholly-owned subsidiary of Amazon.com, Inc.) acquired a 41.7-acre parcel for $39.7 million (~$952k per acre). According to Dgtl Infra, Amazon intends to construct a one-story, 220,000sf data center on the parcel, which … Continue reading →
A paper by Favilukis and Li argues that the COVID-ear Great Resignation among older workers can be explained by increases in housing wealth. For older Americans, higher house price growth is negatively and significantly associated with the probability of being … Continue reading →
According to Bloomberg (citing research from JLL), deals for office space in Ireland dropped by 83 percent in Q4-2022, as inflation, higher interest rates and downsizing by IT companies impacted the country’s CRE market. Office deals declined from €756 million … Continue reading →
Last November, about 58 percent of Los Angeles voters voted yes on Proposition ULA, according to Ballotpedia. The resulting “ULA Tax” (also known as the United to House L.A. and the Homelessness and Housing Solutions Tax) takes effect on April … Continue reading →