Salient to Investors: Paulo Silva at Aguirre Newman said wealthy French are fleeing French taxes to invest in Portugal to take advantage of preferential tax treatment. The French have overtaken the British as the largest group of foreign home buyers. Gustavo Soares at Sotheby’s International Realty said the tax benefits
READ MORE... →Salient to Investors: Mohamad Nasir Ab. Latif at EPF, Malaysia’s largest pension fund, said they were net buyers of Malaysian stocks during recent declines as foreign investors cut their holdings, and are looking at real estate in Europe and the US to diversify risk. The fund also plans to raise
READ MORE... →Salient to Investors: Europe’s biggest real estate managers are making their first investments in southern Europe since the financial crisis as low prices and diminishing risk make commercial properties more attractive. Anne Kavanagh at Axa Real Estate Investment Managers said we are at or near the bottom and starting to see
READ MORE... →Salient to Investors: Marc Faber at the Gloom Boom & Doom Report says: High-end assets from stocks to art to real estate are in a bubble caused by central bank money-printing. This money doesn’t increase economic activity and asset prices in concert, instead creates dangerous excesses in countries and asset
READ MORE... →Salient to Investors: The growth of Internet shopping in Europe is luring investors to warehouses, where yields are beating showy storefronts and sleek offices amid a space shortage. Jones Lang LaSalle say Europe needs 296 million square feet of new distribution and storage warehouses in the next 5 years, 11 percent of
READ MORE... →Salient to Investors: Daniel Kalt at UBS said Switzerland’s residential-property boom is the biggest risk facing its economy, and the situation will continue for one to three years. Read the full article at http://www.bloomberg.com/news/2012-12-12/swiss-property-boom-is-biggest-risk-for-the-economy-ubs-says.html
READ MORE... →Salient to Investors: Dublin, the epicenter of Western Europe’s worst housing-market crash, is showing signs of life for those with cash. Keith Lowe at Douglas Newman Good said people are going to look back and see a lot of missed opportunities in Ireland if they had the cash. Goodbody Stockbrokers says cash now accounts for
READ MORE... →Salient to Investors: The UBS Swiss Real Estate Bubble Index entered the risk zone for the first time since 1991. Matthias Holzhey and Claudio Saputelli at UBS said: Population growth continues to favor price increases, but prices are increasingly being supported by investment demand and by low interest rates, Continued strong increase in
READ MORE... →Salient to Investors: David Brown at LSL said the lack of lending, especially to first-time buyers, is choking off first-time buyer sales outside of prime London. Acadametrics said house prices rose 2.2 percent from a year earlier in September due to a shortage of properties, but the rate of increase is slowing. London average prices
READ MORE... →Salient to Investors: PricewaterhouseCoopers ranks London a close second behind New York as a financial center on its economic clout, ease of doing business, innovation and attraction as an international gateway. Toronto and Paris rank 3rd and 4th, Singapore 7th, Hong Kong 8th. Paris topped the livability category. Read the full article at http://www.bloomberg.com/news/2012-10-12/london-jumps-to-second-behind-nyc-in-pwc-rank-of-finance-cities.html
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