With a population of 5.4 million people crammed into 274.1 square miles, the country of Singapore could be considered a slightly smaller version of New York City. The country is a center for business offices, commercial buildings, retail stores, and residential apartments. However, a mounting need for space is becoming imminent as experts project Singapore’s population to grow to 6.9 million people in the next 15 years—a 1.5 million increase. Presently, the struggle for land has caused military camps and old residences to close down in order to make room for residential and industrial real estate development.
globalEDGE Blog - By Tag: real-estate
Worrying about the United States expansionary ambitions in the mid-1800s, Mexico prohibited foreign ownership of land within 50 kilometers (31 miles) of the coast or 100 kilometers of an international border. This policy was pretty efficient for protecting the homeland but it did block some foreign investments throughout history. As the financial crisis spread all over the world, Cancun realized it needs help from foreign investors and this help was going to break the law. Some real-estate developers believe the move could boost the nation's vacation-home market, while others think it would be hard on the locals acquiring their own estates.
As China becomes the world’s second-largest economy behind the United States, more investors are becoming interested in its stock market to seek profits. However, things are not that easy in the stock market, China’s stock market has just experienced a deep dive recently due to government intervention in the property market.
United Kingdom, the financial center in Europe, has always been an attractive investment place. Because large amount of foreign buyers rushed into London’s real-estate industry, it has produced highest profits in the United Kingdom since 2011. It seems like British home sellers are never satisfied by the status quo as they raised asking prices to their highest levels in five years this month. However, the increasing price on the real-estate property did not stop foreigners from buying British homes. Instead, they invested more since they foresaw the huge potential of growing profits in the British real-estate industry.
In today’s blog post for the Global Real Estate Series, we will be looking at the commercial market for real estate, including key aspects of the industry as well as future outlooks. The market for commercial real estate is comprised of office, industrial, and retail properties that are intended to generate a profit, either from capital gain or from rental income. Global commercial real estate markets have seen much improved growth recently, up from the lows of a few years ago.
Across the world, there are a wide variety of resources needed to successfully operate a business. Many people may be quick to name equipment, technology, wealth, and labor as key resources. However, a resource that is often overlooked is land. Land along with buildings located on the property make up real estate. The global real estate market holds great importance for businesses and people around the world involved in the buying and selling of property. This week the globalEDGE blog team will explore several aspects of the global real estate market including private real estate and green construction. This post will take a look inside the international housing market and the market characteristics of several different countries.
Since 2002, The Economist has been measuring house-price data for 20 of the largest players in the world of global business. They recently compiled this information and incorporated it into an interactive graph which can compare various house price indicators between countries. It measures: house price index, prices in real terms, prices against average income, and the overall percent change. Check out the Global House Price Indicators Graph!