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 →
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 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 →
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 →
A new IMF Working Paper by Alter, Mahoney and Badarinza concludes that—focusing on the long-run trends—a one percent increase in vacancy rates leads to a temporary drop of 0.5 percent to 0.6 percent in CRE prices over the following quarter. … Continue reading →
The Boulder Group reports that between Q3–2022 and Q4–2022, single tenant cap rates increased to 5.95 percent (+9 bps) for retail, 6.95 percent (+15 bps) for office and 6.65 percent (+4 bps) for industrial. During the same time period, the … Continue reading →
The New York Post (citing the City’s Finance Department) reports that the total value of New York City’s commercial real estate is nearly $9 billion short of its most recent high. Tax revenue from commercial real estate transactions is expected … 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 →
Adaptive reuse is the process of taking an existing structure and adapting it for a new use. During 2020-2021, DC opened a total of 1,565 apartments by adaptive reuse, surpassing all other cities and accounting for 5.6 percent of the … Continue reading →