There are so many real estate articles out there — and so little time! For busy investors looking to take a quick reading break, look no further than our list of recommended reading for the week. From advice and investment tips to market reviews, we’re highlighting the stuff that’s really worth your time.
So sit back, and take a break. These were the 5 Must-Read Real Estate Articles of The Past Week:
By Erin Carlyle via Forbes
Despite the uncertainty roiling global financial markets, the real estate barons of the world are doing relatively well in 2016. Twenty-two people made the FORBES Billionaires List for the first time this year thanks to their real estate holdings, bringing the total number of the property-rich on the Forbes list to a whopping 184. The majority of these uber-wealthy folks (we’re counting those who owe at least part of their fortunes to real estate) hail from the Asia-Pacific region, which boasts a collective 99 billionaires.
Of that total, 42 are from China, 25 from Hong Kong, seven from India and six from Singapore.
By Art Patnaude via The Wall Street Journal
Germany has stolen the U.K.’s mantle as Europe’s most attractive country for commercial real-estate investment. It ends a two-year British reign at the top, according to an annual survey of global real-estate investors from property-broker CBRE, and is the latest sign that the U.K. real estate market is losing its shine. About 17% of investors picked Germany as the region’s top country for property investing. This compared with around 15% for the U.K., which attracted 31% of the vote last year, CBRE said.
By Josh Barbanel via The Wall Street Journal
By some measures, 2016 is the best of times for the Manhattan apartment market, with strong sales and record median prices so far. But since the start of the year, brokers say a bit of a chill has set in. Buyers are becoming wary in the face of high asking prices, uncertainty over the economy and a faltering stock market.
Deals were still being done, but the numbers of contracts signed in January and February fell more than 20% compared with the same months in 2015, to the lowest levels of activity since 2009, according to real estate data site UrbanDigs.com.
By Gemma Acton via CNBC
Housing supply has become a big issue for stakeholders from a wide variety of vantage points. From governments and local authorities tinkering with policies to first-time buyers struggling to step on to the property ladder, the acute housing shortage in capital and gateway cities is a real and worsening problem. Surging levels of refugees have intensified the pressure for solutions. From an investor perspective, residential property was once considered niche in Europe with its own dynamics and rules. Now, it is considered much more mainstream, partly given the increasing overlap with commercial real estate as the search for more viable urban planning proposals escalates. This can be seen in the rising popularity of mixed use developments in Europe follows this well-established trend in the US and Asia.
By Ariel Stulberg via The Real Deal
Prices for high-end Hamptons homes fell in 2015, as demand from stock traders and financiers sunk with the global economy. The 10 most expensive Hamptons home sales in 2015 had an average price of $35.5 million, a 20 percent drop from 2014’s $44.6 million mark, according to data from the East Hampton brokerage Town & Country Real Estate cited by Reuters. Prices for the high end of the Hamptons residential market are deeply dependent on Wall Street’s performance, brokers said, both in terms of overall stock prices and the bonuses traders and executives take home.
Did you like these articles? What were your favorite articles this week?