Poland’s overcrowding rate—a measure of whether homes have sufficient rooms for the number of people in the household—is 37 percent, whereas the European Union average is 17.5 percent, according to Reuters (citing Eurostat data). Rising interest rates, limited housing supply … Continue reading →
Inflation in Morocco is expected to reach 6.6 percent this year, according to Reuters. The Bank Al-Maghrib (“BAM”), Morocco’s central bank, raised its benchmark interest rate today by 50 basis points to 2.5 percent in an effort to control inflation, … Continue reading →
Hyperinflation in Turkey coupled with the central bank’s decision to slash interest rates to nine percent has led to soaring property prices. Domestic demand for real estate has increased as investors seek to shelter their savings from staggering inflation. Additionally, … Continue reading →
Fortune reports (citing Argentine government data) that overall paychecks increased by 78 percent in September from a year ago, whereas the annual inflation rate was 83 percent. During the same month (September 2022), 90 percent of Buenos Aires recorded a … Continue reading →
Deal flow in Australia’s commercial property market fell by 24 per cent year-over-year to $16.4 billion, according to The Australian Financial Review. Third quarter office building investments dropped by 10 percent from a year ago to $7.9 billion and in … Continue reading →
According to UBS, the term “bubble” refers to a “substantial and sustained mispricing of an asset, the existence of which cannot be proved unless it bursts.” Typical signs of a bubble include “a decoupling of prices from local incomes and … Continue reading →
Italian marketplace/food hall chain Eataly has leased 18,353sf of retail space at 200 Lafayette for its third Manhattan location, according to the New York Post. The asking rent for the space, which was previously occupied by luxury appliance showroom Pirch, … Continue reading →
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), plans to invest $24 billion in Middle Eastern and North African countries, including in the real estate sector, according to Bloomberg. Reuters reported in August that Saudi Arabia has registered … Continue reading →
In recent weeks, UK office occupancy rates were around 30 percent, compared with an estimated pre-pandemic average of 80 percent, according to Reuters (citing data from Remit Consulting). In central London, 2.6 million square feet of space was leased in … Continue reading →
Swedish property companies must roll over $40.8 billion of maturing bond debt over the next five years, a quarter of which falls due in 2023, according to Bloomberg. Floating-rate bonds and near-term maturities render the Swedish real estate market more … Continue reading →