When you buy a car in Italy, the first thing you have to do is legally register it. This slight inconvenience is made more bearable by the fact that you don’t have to look very far to find someone who can rubber-stamp your purchase for you. With the highest percentage of notaries per inhabitant of all the OECD member countries, there’s one on almost every Italian street corner.
Property cycles are inescapable. Closely linked to the economy, real estate markets will inevitably rise and fall. The key to investing in them is to identify where we are in the cycle and to position portfolios accordingly.
In recent years, environmental, social and governance (ESG) factors have played an increasing role across the entire investment management landscape, including real estate.
The close economic ties between Austria and neighbouring Germany have, for a long time, extended to the property markets in both countries.
Real Capital Analytics (RCA) says that investment in European commercial real estate slowed in the first half of 2018 as sovereign wealth funds and U.S. institutions scaled back their direct property acquisitions.
Ares Management has held a final closing for its fourth European direct lending fund, Ares Capital Europe IV
Berlin’s hotels are thriving as the city expe-riences continued growth in tourism and business travel.
Canada and Germany are the world’s most underweight real estate markets, according to Knight Frank. The consultancy has determined that Canada could receive an additional $4.5 billion (€3.9 billion) of real estate capital annually, while Germany could attract $3.1 billion (€2.7 billion) more into its market.
Seven European countries have been classified as “highly transparent” by JLL in the company’s 2018 Global Real Estate Transparency Index.
The European extended stay accommodation market looks as if it could lose its ultra niche label over the next few years as a boom in the mobile workforce and business travel creates demand for serviced apartments.
In the early 2000s when I was based in London, I spent a weekend in my hometown of Genoa, in Italy. As I could not catch the direct early flight to Genoa, I took the roundabout route, via Milan. It was a decision that proved to be an eye-opener.