Superior UK-based properties offered to Dubai investors

Hamptons International introduces The Collection at Dubai Marina

Hamptons International has announced a prestigious two-day exhibition to be held at the Dubai Marina in May, which is the first of a two-leg global tour to introduce The Collection.

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World’s key cities property index turns negative

The Knight Frank Prime Global Cities Index recorded its first quarterly fall since 2009, with the average value of prime property in the world’s key cities depreciating by 0.4% in Q1 2012. This represents the property index’s first quarterly fall since the depths of the global recession.

Although a milestone, the index’s negative quarterly growth is not surprising. Quarterly price growth has been below 2% since Q1 2010 and it averaged only 0.6% in 2011.
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Most overvalued property markets

Having analysed 21 established property markets worldwide, The Economist magazine has compiled a list of the most expensive home prices when compared against rents.

The report reveals that Canada is the most overpriced property market of the 21 nations, with average prices 76% overvalued. Prices of homes in Canada are 54% overvalued when both rents and income were taken into account. Read more

Where are the world’s wealthiest people buying homes?

Most of the world’s richest people are opting primarily to invest in established property markets rather than buy homes in emerging destinations, a new report shows.

The 2012 edition of The Wealth Report, launched by Knight Frank and Citi Private Bank, reveals that wealthy purchasers are having a growing influence on prime property and investment markets globally. Read more

World’s most expensive office market

Newly-released figures from Knight Frank show that London is no longer the location with the highest prime office rents in the world.

Hong Kong replaced the English capital at the top of the ranking as a result of rapid rental growth in the first half of 2011. While there was evidence that rents had peaked in the second half of the year, Grade A rents in Central stood at HK$1,046 per sq m per month (c.UK£97.11 per sq ft p.a.) in Q4, 28% up on 12 months earlier. However, with office demand weakening, Grade A rents are forecast to soften in 2012. Read more

Emaar Morocco ‘Amelkis Resorts Open Week’

Emaar Morocco will host the ‘Amelkis Resorts Open Week’ roadshows in Dubai and Abu Dhabi later this month. The events will showcase ready-to-live-in villas and land plots, set around a championship golf course, in the heart of Marrakech, Morocco. Read more

Global house prices edged higher in 2011

Global House Price Index could slip into negative territory during 2012

The property market in Brazil was the strongest performing globally last year, while Ireland was the worst, according to the Knight Frank Global House Price Index, which tracks the performance of mainstream house prices worldwide.

International researcher Kate Everett-Allen reports that the Index rose 0.5% in 2011, despite a 0.3% decline in the final quarter of the year. Read more

Activity returns to Cairo’s real estate market

Future prospects of the real estate market largely dependent on Egypt’s ability to address many unresolved issues according to Jones Lang LaSalle

Jones Lang LaSalle, the world’s leading real estate investment and advisory firm, has today published its latest Cairo Real Estate Overview, which suggests that, following the country’s difficulties in 2011, the future looks more positive. It believes that there is evidence of more clarity and increased activity, with confidence returning twelve months after Egypt’s revolution. However, with significant uncertainty still evident, much will also depend upon the Country’s ability to address many of the residual challenges that are still largely unresolved. Read more

Middle Eastern property investors eye Central London residential market

Regional investors account for 9% of total Jones Lang LaSalle London new property development sales in 2011

Property valued at US$ 180 million sold, up from 5% in 2010

The Central London residential market is becoming increasingly attractive to Middle East property investors according to the latest Central London Residential Market report published by Jones Lang LaSalle, the world’s leading real estate investment and advisory firm. In 2011 the firm sold London new build residential property to foreign buyers valued at circa US$ 2 billion of which regional investors accounted for about 9%, up from 5% in 2010. The Middle East now accounts for the second largest group of foreign investors into the London residential market after nationals from the Asia Pacific region who accounted for 15% of overall  property sales. Read more

Global Outlook for Real Estate remains unclear

Macro-economic and political landscape uncertainty suggests that a cautious outlook for commercial real estate is likely to persist into 2012, according to a new report from CBRE Global Research. The Global ViewPoint for 2012 notes that high quality real estate assets in prime locations should continue to perform well compared to secondary real estate and very competitive with regard to other asset classes. Read more

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