Global Real Estate News
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Keep abreast of the latest global real estate news across 7 continents that impacts on your business.
ULI: Dresden needs to increase density to create urban flair.
In its research paper, ‘The Density Dividend: solutions for growing and shrinking cities’, the Urban Land Institute (ULI) argues that the main reason why Dresden should increase its population density is to create urban flair and to meet the goal of becoming a ‘compact ecological city’. The main challenge is the residents’ association of density with Communist-era prefabricated apartments. ...
Read more.ULI: Warsaw needs to increase density to reintroduce street life and appetite for city living.
In its research paper, ‘The Density Dividend: solutions for growing and shrinking cities’, the Urban Land Institute (ULI) argues that the main reason why Warsaw should increase its population density is to develop the functions of a capital city, as well as reintroducing street life and an appetite for city living. The main challenge is the residents’ association of density with Communist-era tower blocks and with Dubai-style development....
Read more.ULI: Birmingham needs to increase density in order to attract knowledge economy workers.
In its research paper, ‘The Density Dividend: solutions for growing and shrinking cities’, the Urban Land Institute (ULI) argues that the main reason why Birmingham should increase its population density is to meet housing need and to diversify the lifestyle offer. The city also needs to attract workers from the knowledge economy with an ’18-hour city’. The main challenge is that the concept of density is associated with sub-optimal urban developments constructed after World War II....
Read more.Savills: Average mainstream house price for typical employee of IT or financial services firm in X of USD257,949
In its recently published report ‘12 Cities: Occupying and investing in world city real estate’, Savills note that, for the typical employee of a digital start-up or hedge fund, the average capital value of a mainstream residence in Mumbai is USD257,949. From December 2011 to June 2015, the value of such a residence has grown by 16%. In that city, mainstream residences generally cost around 19% of prime residences, which have generally been the focus of buying by cross-border purchasers....
Read more.Savills: Average rental cost for typical employee of IT or financial services firm in Mumbai of USD29,088 p.a.
In its recently published report ‘12 Cities: Occupying and investing in world city real estate’, Savills note that, for the typical employee of a digital start-up or hedge fund, the average annual housing rental cost in Mumbai is USD29,088, or 2.4% more than in 2008. The rental cost is currently equivalent to 5.0 times the city’s overall GDP per capita of USD5,781 per annum. Across the 12 cities surveyed, the average annual rent has risen by 9.3% since 2008 to USD74,946, which is 1.4 times...
Read more.Savills: Average mainstream house price for typical employee of IT or financial services firm in Hong Kong of USD910,478
In its recently published report ‘12 Cities: Occupying and investing in world city real estate’, Savills note that, for the typical employee of a digital start-up or hedge fund, the average capital value of a mainstream residence in Hong Kong is USD910,478. From December 2011 to June 2015, the value of such a residence has grown by 53%. In that city, mainstream residences generally cost around 10% of prime residences, which have generally been the focus of buying by cross-border purchasers....
Read more.ULI: Stockholm needs to increase density in order to meet housing demand and to maintain affordability.
In its research paper, ‘The Density Dividend: solutions for growing and shrinking cities’, the Urban Land Institute (ULI) argues that the main reason why Stockholm should increase its population density is to meet housing demand and to maintain affordability. The city also needs to achieve scale and to protect its substantial green spaces. The main challenges include the cultural desire for private space and the lack of private rental property. ...
Read more.Savills: Average rental cost for typical employee of IT or financial services firm in Hong Kong of USD116,661 p.a.
In its recently published report ‘12 Cities: Occupying and investing in world city real estate’, Savills note that, for the typical employee of a digital start-up or hedge fund, the average annual housing rental cost in Hong Kong is USD116,661, or 0.4% more than in 2008. The rental cost is currently equivalent to 3.0 times the city’s overall GDP per capita of USD38,733 per annum. Across the 12 cities surveyed, the average annual rent has risen by 9.3% since 2008 to USD74,946, which is 1.4 ...
Read more.ULI: Istanbul needs to increase population density to promote liveability.
In its research paper, ‘The Density Dividend: solutions for growing and shrinking cities’, the Urban Land Institute (ULI) argues that the main reason why Istanbul should increase its population density is to improve overall livability and reduce segregation of social groups. Earthquake risk management and environmental issues are also important. The main challenge is that density is associated with shanty towns on one hand or exclusive gated communities on the other. ...
Read more.ULI: London needs to increase population density to generate capacity for further growth.
In its research paper, ‘The Density Dividend: solutions for growing and shrinking cities’, the Urban Land Institute (ULI) argues that the main reason why London should increase its population density is its need to achieve greater capacity for growth. The city needs more residential and commercial property to meet the lifestyle demands of inhabitants and the new needs of corporates. Challenges include the residents’ association of the concept of density with public housing tower blocks. T...
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