Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Posts Tagged ‘global cities’

Catella predicts a new density level in major European cities

Posted by fidest press agency su lunedì, 5 ottobre 2015

berlinoIt’s getting more crowded in Europe’s major cities – the number of inhabitants per square kilometre is increasing continuously. On average, the space per inhabitant has fallen in 17 studied European cities by a total of 8.2 percent since 2000. This compression has implications for tenants, policy, the housing and real estate industry, and the infrastructure responsibilities of municipalities. In its latest Market Tracker “Densified cities – space is becoming scarce in Europe”, Catella Research examines the consequences of this condensation on the local real estate markets in major European cities.“According to analysts, one main reason for this development is, superficially, the inflow into these cities. This urbanisation ultimately expresses the resurgent appeal of cities. It creates new occupational mobility patterns, new social typing and, especially, new lifestyles,” says Dr. Thomas Beyerle, Head of Group Research at Catella.Although Europe is often perceived as very heterogeneous, as reflected in the surprisingly many parallels between the housing markets in cities such as Berlin, Helsinki, Paris, Madrid and London, there has been significant inward movement in the past 15 years. This is reflected in a “perceived tightness” among residents, although the situation is still comfortable when compared to many global cities. The model image of the “compact city” is increasingly becoming a reality for Catella.The trend towards luxury urban apartments in residential towers, with over 150 sqm of living space, such as in London, stands at one end of the size structure, with so-called micro-apartments averaging 24 sqm at the other end. The greatest number of housing completions per 1,000 inhabitants in 2015 is expected in France, Switzerland and Norway, with the fewest in Portugal, Spain and Hungary. European living area distribution by size class shows that 12 percent are classified as < 30 sqm and 23 percent as > 90 sqm. The largest segment, 65 percent, is the size class 31-89 sqm. The well-known concept of mini houses from Asian countries is finding its first followers. This form of housing is characterised primarily by “plug-and-play” ideas. Capsule forms of housing, or modular concepts, are other modifications that will share an efficient use of space, predict the analysts.“As a consequence, market participants should be clear that political authorities in cities or countries will increasingly regulate the “dynamic” of property markets. For this reason alone, the real estate sector should contribute more of its expertise in planning processes, and focus on individual buildings. However, European markets will not have to worry about conditions similar to those in Tokyo, except for building rules, fire protection and the social understanding of this generalisation,” Dr. Beyerle points out.
Catella is a financial advisor and asset manager with in-depth knowledge of property, fixed income and equities. Catella is a leader in the property sector, with a strong local presence in Europe, and employs some 500 professionals in 12 countries. Catella is listed on First North Premier on Nasdaq Stockholm.

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Miami’s Luxury Market Registers Higher Median Sales Prices in 1Q of 2015

Posted by fidest press agency su giovedì, 2 luglio 2015

miamiMiami’s luxury properties saw a significant year-over-year rise in median sales prices in the first quarter of 2015, according to the MIAMI Association of REALTORS® (MIAMI), the nation’s largest Realtor group with 36,000 members. Single-family homes priced at $1 million or above had a median sales price of $1.7 million in the 2015 first quarter, a 6.25 percent increase from $1.6 million in the 2014 first quarter. Luxury condos also had a median sales price of $1.7 million in the first quarter of 2015, a 13.3 percent spike from $1.5 million in the 2014 first quarter.“With its sunny weather, outdoor lifestyle, and world-class cultural offerings, Miami’s luxury market continues to see more home sales, listings, and higher median sales prices,” said Christopher Zoller, a 27-year Miami-based Realtor and the 2015 Residential President of the MIAMI Association of REALTORS®. “South Florida offers a unique place to live, work, and play for the world’s wealthy. Ultra-high-net-worth individuals are securing more real estate for their money in South Florida compared to other global cities such as New York City and London.”In the prestigious 2015 Knight Frank Wealth Report, Miami ranked as the sixth most important city in the world to ultra-high-net-worth individuals (UHNWI). Miami and New York were the only North American cities to make the top-10 list of the Wealth Report, which is issued annually by London-based real estate consultancy Knight Frank. London, New York, Hong Kong, Singapore, and Shanghai rounded out the top-five most important global cities.Miami luxury single-family homes saw a 2.3 percent rise in first-quarter sales compared to the same period last year, growing from 217 to 222. The $1 million-plus properties spent 94 median days on the market in the first quarter, the same number reflected in the first quarter of 2014.Luxury single-family homes continue to see an increase in new listings as seller confidence in Miami’s luxury market continues. In the first quarter, 755 luxury single-family homes were placed into the market. That’s a 22.4 percent increase from 617 in the first quarter of 2014.The inventory for luxury single-family homes reached 1,181 in the recently completed first quarter, a 14.3-percent rise from the 1,033 listed in the first quarter of 2014.
Miami luxury condominiums saw a 3.6 percent year-over-year decline in sales in the first quarter of 2015, from 250 to 241. The median days on the market for luxury condos was 103, a 15.7 percent increase from the same period in 2014.Luxury condos had 8.1 percent more new listings in the recently completed first quarter, growing from 831 to 898. In the first quarter of 2015, the number of property listings for $1 million-plus condos grew to 1,614, a 20.6 percent increase from the 1,338 in the first quarter of 2014.
The MIAMI Association of REALTORS® was chartered by the National Association of Realtors in 1920 and is celebrating 95 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of five organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, the YPN Council and the award-winning International Council, it represents more than 36,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S., and has official partnerships with more than 125 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.

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