A market forecast from the Instituto de Practica Empresarial (IPE) business school, in collaboration with property company Mar Real Estate, reveals a resurgent Spanish market. With the spotlight on Costa del Sol, the report also shows Mallorca properties spurring the overall upward trend. With the overall market set to grow from 5% to 7%, the Mallorca and the Balearics scene are the most prevalent positives.
All we ever seem to hear is bad news about the US real estate market. Well, ActiveRain just did a survey of almost 2500 real estate pros, and the infographic below tells their story where the economic recovery is concerned. All in all, a rebounding market seems to be the good news for today.
Coming up in May, the 2013 BCO Annual Conference in Madrid offers a varied plenary and seminar program featuring world class industry professionals discussing special issues facing Spain and Europe in the coming months.
Yesterday Deloitte named Sheila T. Smith as the restructuring services leader for the Americas region. Smith, currently the co-leader of Deloitte FAS Corporate Restructuring Group in the U.S., now has expanded responsibilities, according to their press.
“Building Green”, this has been the building battle cry in trends for some time now. Since 2009 there has been an average annual increase in so called “green building” of over 30%. The LEED (Leadership in Energy and Environmental Design) home benefits the owner by fairly substantial tax deductions, and the obvious long term benefits include reduced heating expenditures and the resultant collective gain of communities, the nation, and the world.
Charlotte’s Mountain Real Estate Capital (MREC) and Oakwood Homes of Colorado have penned a $100 million dollar deal to fund the further growth of MREC.
According to news from Loyd’s Property Investments group member Company Akroterion, preparations are underway for a new 5 star hotel at the city center of Prague. A long awaited city center luxury redo, the property will add great value to an already priceless city.
A recent report on Latvia real estate reveals a slight upward momentum for a market characterized by double digit growth since 2010. If further evidence of Europe’s stagnation is needed, Latvia property markets tell the tale sufficiently. The average price of a Riga apartment climbed only about 2 percent to just under €990 euro per square meter according to the Ober Haus Poland and Baltic price index.