Phil Bushey

Online shopping has surpassed brick-and-mortar retail as the most popular mode of purchase in several Asian regions, according to CBRE's new Asia Pacific Consumer Survey. In the future years, consumers aged 18-24, popularly known as 'Generation Z,' are expected to play a significant role in the regional retail industry. Landlords and merchants will need to be proactive in order to stay competitive as a result of issues like these.  Sale While 50% of Asia Pacific customers still visit a store to make a purchase, studies suggest that in rising markets such as China and India, the majority of respondents (76 percent and 68 percent, respectively) prefer to shop online. This is also true in more developed economies such as South Korea and Taiwan, where 73 percent and 55 percent of customers, respectively, reported that internet shopping is their primary mode of purchasing. "Given the scarcity of high-quality retail space in emerging markets, particularly in lower-tier c...

Asia continued to dominate the world's most expensive office locations, accounting for four of the top five markets, according to CBRE's semi-annual Global Prime Office Occupancy Costs report. The world's most expensive office market is still London's West End.  Hotels The overall prime occupancy prices in London's West End topped the'most costly' list, at US$267 per sq. ft. per year. Other than London's West End, Hong Kong (Central) is the only market in the world with a premier occupancy cost surpassing US$200 per sq. ft. per year, at US$254 per sq. ft. per year. The top five locations were Beijing (Finance Street) ($196 per sq. ft.), Beijing (Central Business District (CBD)) ($188 per sq. ft.), and New Delhi (Connaught Place -CBD) ($157 per sq. ft.). The slow recovery of the global economy was mirrored in the change in premium office occupancy pricing. Overall, global prime office occupancy expenses increased 2% year over year, with Asia Pacific...

Despite a 21 percent year-on-year fall in investment turnover compared to a strong 2014, CBRE reports that investment in Asia's property sector climbed 12 percent quarter-on-quarter in Q2 2015 to US$21 billion.  Hotel Cross-border transactions grew 31% to US$7 billion from the same period previous year, while cross-border investment mood remained strong throughout the year, with a rise in inquiries and transactions in tier-one cities such as Shanghai in China. Despite short-term investor fears, the Greek debt crisis and China's stock market volatility are unlikely to have long-term consequences for the Asia Pacific real estate industry. Ada Choi, Senior Director of Asia Pacific Research at CBRE, said, "Despite the low interest rate environment, the Asia Pacific investment climate suffered this quarter from a continuing scarcity of investible stock and firm pricing by landlords. Despite the fact that these variables have substantially restrained capital movement in the ...

According to Knight Frank, a London-based real estate consultancy, much has happened on the global economic stage in the previous three months, significantly impacting premium residential rental markets around the world.  سيارة Greece's debt restructuring plans were in jeopardy in Q4 2011, its southern European neighbors were downgrading already bleak economic forecasts, and any clear evidence of a recovery in the United States seemed a long way off. In the latter three months of 2011, top rents in major worldwide cities battled against this backdrop. With the global economy in shambles at the end of 2011, corporate demand fell as relocation budgets shrunk, resulting in lower rental volumes in several countries. This explains why quarterly growth in London, Zurich, and Hong Kong fell from 0.9 percent, 3.3 percent, and 1.8 percent in the third quarter to -0.4 percent, -3.2 percent, and -1.0 percent in the fourth quarter, respectively. Expatriate demand changes are having an impact i...

 The majority of the world's housing markets are underperforming this year, as projected. India and Brazil have the highest price increases, while Greece and Ireland have the lowest.  العقارات According to Global Property Guide's newest poll, just one-third of the nations studied saw price increases in the first quarter, while the remainder saw price declines. The Global Property Guide has offices in Bristol, UK, and Manila, Philippines. In 24 of the 36 nations for which quarterly house price statistics are available, prices decreased. Only 12 countries saw price increases. Only 16 countries saw house prices fall in nominal terms throughout the year, while 20 countries saw house prices grow. However, the statistical presentation (presented on this page) of the Global Property Guide incorporates price changes after inflation. This paints a more realistic picture than the cheerful nominal figures that real estate brokers favor. Ireland's price drops have been devastating. Pri...

According to Knight Frank's newest Global House Price Index, global home prices grew by only 0.9 percent in the year to March 2012, the lowest yearly performance since the depths of the recession in 2009. Doubts about the Eurozone's long-term viability, combined with Asian governments' determined efforts to cool their markets and discourage speculative investment, have taken their toll. Although global house prices remained unchanged in the first three months of 2012, it is the first time that yearly price growth has fallen below 1% since Q4 2009.  اسعار Highlights from the Knight Frank Global House Price Index: In the year to March 2012, the Knight Frank Global House Price Index increased by 0.9 percent. In the first quarter of 2012, prices were unchanged. Brazil had the highest yearly growth rate of 23.5 percent. Ireland had the slowest growth rate, at -16.3 percent. Africa has the fastest-falling house prices (-0.8 percent ) Growth in Asia Pacific has fallen to 2.1 perce...

  (ANTIBES, FRANCE) — The Porto Bello Residence is a charming new French Riviera getaway. Porto Bello Residence is one of the newest residential developments on the French Riviera. Porto Bello is a collection of 38 superb multi-family attached residences between the Golfe Juan marina and Antibes old town, and is being marketed by Sextant French Properties.  ادهنترز Golfe-Juan is the most sought-after seaside resort on the French Riviera, thanks to its fine sandy beaches, well-known marinas and restaurants, art, potteries, and workshops (where well-known artists such as Picasso and Jean Marais practiced their craft), and art, pottery, and workshops of Vallauris (where well-known artists such as Picasso and Jean Marais practiced their craft). Residents and visitors can participate in a variety of cultural and seashore activities, ranging from the Théâtre de la Mer to water sports and simply beach lounging. The area's protective bay, which is sheltered from severe winds and h...

According to the latest Hotel Investment Outlook study from Jones Lang LaSalle Hotels, hotel investment activity in Europe, the Middle East, and Africa (EMEA) is likely to stay constant in 2012, with $11 billion in acquisitions projected, equal to the $10.9 billion in 2011.  بي ام  Deals to restructure debt will fuel a lot of this activity. Single asset deals will continue to drive the majority of activity in 2012, according to Jones Lang LaSalle Hotels. Jon Hubbard, CEO of Jones Lang LaSalle Hotels in Northern Europe, tells World Property Channel, "The widening pricing disparity between primary and secondary properties, as well as the narrower spectrum of what constitutes a premier asset, will be a recurring trend in EMEA in 2012. High net worth individuals (HWNIs) and sovereign wealth funds will continue to buy trophy hotels in major gateway cities in the prime market. Despite their poor yields and high cost per key, such assets are seen as a long-term investment. The ma...

According to Jones Lang LaSalle's Year End 2011 Global Capital Flows Report, direct commercial investment totaled US$410.6 billion in 2011, up 28% from 2010.  تويتا "Despite the financial crisis of the last two years, commercial real estate remains a key asset class for many investors," said David Green-Morgan, Jones Lang LaSalle's Global Capital Markets Research Director. "The year 2011 came to a close with a bang, with activity in European markets grabbing the headlines in the fourth quarter, contrary to most expectations." The following are some of the report's highlights: The percentage of cross-border purchases increased from 27% in 2010 to 31% in 2011. Cross-border purchases remained consistent in Q4 2011, accounting for 30% of total volume. London is the most active city in the world at the end of 2011, with New York, Paris, Tokyo, and Singapore filling out the top five. Transaction volumes in 2012 are likely to be similar to those in ...

According to a new analysis, the majority of South and Central American cities tracked by STR Global saw revenue-per-available-room (RevPAR) increases in the first quarter of 2012 when compared to the same period the previous year. Ten of the 14 cities studied in Central and South America saw a rise in RevPAR as a result of higher average daily rates (ADR).  بيع  For the first quarter, RevPAR declined in local currency in Panama City, Lima, Peru, Manaus, Brazil, and Bogota, Colombia, with drops ranging from 11.1 percent in Panama City to 16.2 percent in Bogota. With 16.1 percent and 10.9 percent increases, respectively, Panama City and Bogota had the greatest supply increases of the 14 cities. The increased hotel supply reflects the high levels of investment and confidence in these sectors. As indicated in the table below, higher demand growth in Panama City helped to offset some new supply in the market, resulting in lower occupancy and ADR reductions in Panama City than in...

South America, according to Hilton Worldwide management, will continue to be a new revenue stream for the next decade.  عقارات للبيع Christopher J. Nassetta, the company's president and CEO, has signed six additional franchise agreements with METRO Hotels to open additional properties in popular tourist destinations over the next five years. Two hotels are now being built and are slated to open in 2013. In Barranquilla and Cartagena, they are both Hampton by Hilton properties. There will be 125 rooms in Barranquilla and 132 rooms in Cartagena. The four additional new hotels' locations are yet to be revealed. In a company news release, the anticipated development cost of the six hotels was also not provided. Analysts in the hospitality industry, on the other hand, predict that the building cost alone will be in the millions. Hilton's vice president of development for South America, Cristiano Gonçalves, views "Hilton Worldwide sees Colombia as a key strategic dev...

W Hotels Worldwide recently announced that it has agreed to open a new W Hotel in Bogota, Colombia, in collaboration with Terranum Hotels. W Bogota is set to debut in 2014 as part of a bigger mixed-use development that includes luxury office space and high-end retail.  شقة  "We are thrilled to expand our cooperation with Terranum Hotels to bring the W brand to Colombia," stated Osvaldo Librizzi, Starwood Hotels & Resorts' Co-President of the Americas. "Bogota is one of Latin America's fastest-growing economic hubs, and it's also known for its fashion, music, incredible gourmet options, and historical significance." The 160-room W Bogota will be located in the trendy Usaquen district in the city's northern outskirts, just steps away from the neighborhood's trendy restaurants, cafes, and shopping. "At the crossroads of the Americas, Colombia attracts a varied range of cultures for both business and pleasure travel, and it gives a great...

According to the Asia Pacific Real Estate Association, REITs are nonetheless holding their ground in weakening global real estate markets (APREA).  Sale The REIT structure continues to be a core driver of the securitization of real estate holdings in many foreign markets, according to APREA CEO Peter Mitchell, who spoke to the Malaysian National News Agency (BERNAMA). "Because of their transparent and liquid properties, it has proven extremely resilient in the face of the global financial crisis, particularly in Asia," Mitchell added. Mitchell stated, "Asia has the lowest level of securitized real estate in the world." "Only around 4% of investment grade real estate in Asia is owned under REIT-type structures, according to estimates." Taking that last point further, assuming a final level of securitization of investment grade real estate of 25%, the market may rise to far over $500 billion in the United States. "Since the crisis, REITs in the ...

China is currently leading the pack of foreign investors drawn to Japan's low-cost land supply. For the past two decades, Japan's real estate values have been falling. Now, investors are seeing a market opportunity in purchasing forest acreage with water rights at low costs. Because of Japan's permissive land-buying regulations and insufficient land registry, they see a market niche.  Hotels Some parts of isolated woodland in Japan can be purchased for 60 US cents a square meter (10.76 square feet) including groundwater, according to Japanese government sources and numerous media accounts. Japan is the only country in the Asia-Pacific area that does not have any restrictions on foreigners investing in real estate. According to a UN assessment released in August, Japan, which has a falling population, is in the top 10% of countries in terms of water resources, whereas China and India, which have the opposite demographic trend, would suffer water shortages by 2030. In a...

Hu Jintao, China's Communist Party's general secretary for the past ten years, is set to stand down this week and pass over control of the country to his handpicked successor, Xi Jinping.  Hotel The ceremonial changing of China's guard began last week when China's 18th Party Congress assembled in Beijing to say their adored leader farewell. This once-every-five-year gathering of Communist intellectuals was eagerly observed by 1.3 billion Chinese - and, of course, the rest of the globe. China's expanding high net worth individuals are perhaps more interested in the larger implications of Hu's party message than anybody else (HNWI). And the luxury goods and service providers who cater to this burgeoning new affluent consumer. Hu offered himself a laud eulogy last Thursday during a hefty 100-minute lecture to his fellow partygoers, which also served as a roadmap for Xi's period in government. This formal paper acknowledged nearly every type of change swee...