Commercial real estate investment dropped to its lowest in 11 years in Europe in the first quarter of 2023, according to MSCI Real Assets. The number of office deals— Europe’s largest real estate sector — fell to its lowest on recordgoing back to 2007, while the volume of transactions slumped to a 13-year low of…
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Natives of the coastal city of Limassol are being priced out of the property market in their hometown by wealthy foreigners, Agence-France Presse (AFP) notes in a reportage. In 2022 there was a 30% increase in real estate sales transactions (contracts deposited at the Land Registry) with Limassol achieving the greatest number of sales, followed by Paphos,…
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Greece’s Supreme Court (Areios Pagos) on Feb. 9 ruled that loan management companies- known as servicers, can conduct auctions on behalf of “funds” that have bought packages of non-performing loans in the country. According to Greek media reports, this means that 700,000 properties are at risk while within three years it is estimated that around…
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The European Union’s banks are exposed to downside risks as residential real estate markets get overheated, a new report finds. EU banks reported more than EUR 4.1 trillion of loans and advances collateralized by residential immovable property, the report published by the European Banking Authority (EBA), finds. This corresponds to 1/3 of all loans towards…
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Commercial real estate deals in Europe are becoming more complex and are taking longer to complete, a new report reveals. The Real Estate Transaction Barometer 2022 conducted by provider of virtual data rooms Drooms, evaluated more than 4000 transactions between the years 2019 and 2022, as well as surveying 172 real estate professionals in several…
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Toronto and Frankfurt exhibit the most elevated risk levels on housing markets, according to the UBS Global Real Estate Bubble Index. Risks are also elevated in Zurich, Munich, Hong Kong, Vancouver, Amsterdam, Tel Aviv, and Tokyo, the yearly study which analyzed residential property prices in 25 major cities around the world reveals. In the US,…
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Luxury real estate network Christie’s International Real Estate is expanding into Estonia, signing on Tallinn-based Signature Estate Collection, a new brokerage firm featuring several of Estonia’s top real estate agents. Signature Estate Collection was founded by serial entrepreneur, Tauno Loodus, along with top-producing agents Triin Loodus, Jelena Kuzmenko, and Ebe-Kai Mutso. The ownership group brings…
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