UK property market braced for influx of Chinese buyers as Golden Week approaches

UK property market braced for influx of Chinese buyers as Golden Week approaches

by Charly World
  • Golden Week ‘most exciting time of the year’ for working with Chinese property buyers (Investorist)
  • Chinese passenger numbers during 2015 Golden Week rose by a record 10% (Chinese state media)
  • Manchester and London earmarked as top spots for Chinese Golden Week buyers (Investorist)

China’s National Day Golden Week, a week-long national holiday that starts on 1 October, is known for being the most active week of the year when it comes to buying and selling property.

Held to celebrate the founding of the People’s Republic of China, the National Day Golden Week holiday sees many citizens taking the opportunity to travel around China: in 2015, according to Chinese state media, 100 million people crowded onto the train network over the course of National Day Golden Week, an increase of 10% over the previous year.

Golden Week is also an opportunity to travel overseas and many wealthy Chinese combine business and pleasure by taking a holiday that enables them to investigate overseas’ property markets first hand.

Jon Ellis, Founder and CEO of revolutionary trading platform Investorist, comments,

“The second Golden Week of the year, held at the start of October, is the ideal time for Chinese investors to visit the countries they plan to purchase properties in. It’s an incredibly busy time for all those with Chinese buyers – demand rises sharply and companies need to have plans in place to respond to a surge of enquiries over the course of Golden Week and the weeks that follow.

“It’s the most exciting time of the year for working with Chinese property buyers – large numbers of deals are set up and deals done in this single week. In fact our statistics show a 46% increase in enquiry rates for properties listed on the Investorist site in the lead up to Golden Week”

Shopping for everything from shoes to chalets has become a traditional part of the holiday festivities and travelling overseas in pursuit of designer bargains is becoming increasingly common. Chinese spending in Oxfordshire, for example, rose from £8 million to £20 million in the decade to 2015, according to Visit Britain, thanks largely to the huge popularity of Bicester Village as a retail destination.

UK property stock is also on many Chinese visitors’ shopping lists at this time of year. According to figures from Visit Britain, Chinese visitors to the UK have risen from 89,187 in 2009 to 269,631 in 2015. Of those who visited in 2015, 178,770 (66%) did so during the latter half of the year.

Investorist’s Jon Ellis observes,

“This time of year is definitely when we see increasing numbers of Chinese investors investigating the UK’s property sector for themselves. Appetite for real estate is very seasonal when it comes to Chinese buyers and National Day Golden Week brings a serious boom each year, both from investors online in China and those here in the UK in person.”

Investorist is well prepared for the annual surge. The company’s recent China Connection event enabled developers a real-time dialogue with Chinese agents, just ahead of Golden Week, to discover the most sought-after areas of the UK right now. Manchester took the top spot, with London coming a close second, allowing the Investorist team to be fully prepared for the October increase in enquiries for these locations.

For more information, contact Investorist by visiting www.investorist.co.uk or calling the team on +44 (0)203 761 7380.

China ‘most promising source of funds’ for overseas developers, reveals Investorist

China ‘most promising source of funds’ for overseas developers, reveals Investorist

by Sophie Evans World
  • China ‘seeking property investment for both now and future years’
  • Enquiries up by 100% and more for agents selling UK property in China
  • USA tops the list of preferred locations for property investment

Revolutionary property trading platform Investorist has reported that China remains the most promising source of funds for overseas developers, following its China Connection event held over 5 to 9 September 2016.

Spanning Beijing and Shanghai, the event saw industry experts come together to consider the current – and likely future – state of the international property investment market.

Senior representatives from more than 50 agencies from across China attended, with in excess of US$1b of property on offer from six international developers. Investorist set up one-on-one meetings between the selling agents and developers, carefully matching each project with the most relevant parties.

Jon Ellis, Founder and CEO of Investorist, comments,

“The success of the China Connection event has been very gratifying and with many attendees already committing to our next show, it has exceeded our already high expectations. They say in China that ‘September is Gold and October is Silver’ when it comes to selling property, and Golden Week (1-7 October 2016) is the peak week of the year for selling property. All Chinese take off the whole week to take advantage of the national holiday, giving people time to meet with their local agents and advisors, research international purchases, discuss their plans with their families and sign contracts.

“Ahead of Golden Week, we were delighted to discover the most favoured locations of Chinese selling agents. The USA tops the list, while the UK and Australia are also important markets. Agents are seeking property investment for both now and future years – they are committing long-term to their preferred locations and China is clearly the most promising source of funds for overseas developers right now.”

In the US, it is California, New York, Florida and Texas that are attracting the most attention, according to the property developers and master agents / lead brokers who attended the Investorist event.

In the UK, London and Manchester hold sway, with some agents reporting enquiries up by more than 100% since the Brexit vote, thanks to the devaluation of the pound. However buyers are more cautious, which is translating into longer conversion times – the sales themselves are still going ahead. Property priced between £100,000 and £300,000 for fixed income real estate projects were the most popular investment choice.

In Australia, townhouses and single-family dwellings in leading cities were found to be the most sought after properties. Chinese investment in Australian property was impacted significantly when the policies of the major Australian banks came into effect in May 2016, with lending approvals cut to investors with pure overseas income, where the source of funds was not clearly identified. The result has been a notable drop in the pace of Chinese investment in Australian real estate.

However, most agents are optimistic about the future and are still keen to source Australian properties. Many are looking to expand the types of investment product they offer to clients in order to prepare for 2017, when they expect the Australian investment loan market to be back on track again.

Looking ahead, it seems proptech is firmly on the agenda for Chinese agents dealing in global real estate. Investorist’s clients are already users of a sophisticated B2B platform with proprietary property search, marketing, sales and stock management tools, and with the Chinese renowned early adopters of new technology, proptech is no exception.

Investorist is rapidly earning a reputation as the most valuable and effective company in China for facilitating B2B cross border property transactions. Investorist is already preparing for its next show in late October 2016. Two of those who attended the September China Connection have already booked to attend the October show; while one developer has since slashed his media spend in order to focus more on B2B sales, thanks to the success experienced through Investorist’s China Connection.

For more information, contact Investorist by visiting www.investorist.co.uk or call the team on +44 (0)203 761 7380.

From one Golden Week to another: easyMarkets looks at gold’s rollercoaster 2016

From one Golden Week to another: easyMarkets looks at gold’s rollercoaster 2016

by Sophie Evans World
  • Gold futures up by 5.7% since China’s February 2016 Golden Week
  • Highs of $1,400 per troy ounce possible in the short term
  • US monetary policy uncertainty having notable impact on gold prices at present 

National Day Golden Week will see workers across China down tools for a week of celebration. On 1 October, National Day celebrates the founding of the People’s Republic of China, followed by seven days of holiday that many spend travelling, feasting and enjoying time with family members.

China celebrates two Golden Weeks every year, with Chinese Lunar New Year Golden Week having taken place from 9-13 February 2016. With a focus on all things gold, Sun Yu, Dealing Room Manager at pioneering forex and CFD broker easyMarkets, has been considering the journey that gold prices have been on between that last Golden Week and this one. He explains,

“It has been a rollercoaster year for gold prices. Since the last Golden Week holiday February 9-13, the yellow metal has entered into bull market territory and set fresh multi-year highs. But the rally has been anything but steady. As we approach the second Golden Week holiday of the year, gold prices are on a downward spiral amid confusion about US monetary policy.”

Gold futures surged during the February Golden Week, adding 3.3% to $1,239.40 a troy ounce. By 16 September, the futures price was up another 5.7% to $1,310.20. Several key developments occurred in between, not the least of which was Britain’s shocking decision to leave the European Union (EU) on 23 June 2016. The vote triggered the biggest stock market selloff in history, wiping out more than $3 trillion from the global exchanges in just two days. Investors quickly entered into risk-off mode, sending gold prices to 27-month highs. Prices would continue higher over the next several weeks, reaching a new high of $1,372.60 on 2 August. That was the highest settlement since March 2014.

Gold prices are now down nearly 5% from their August highs, but expectations are high that they will ascent to new heights quite quickly, perhaps even reaching $1,400 over the short term. Much of this will depend on US monetary policy. It’s a coin toss whether the Federal Reserve will raise interest rates this year, according to the Fed Fund futures prices.

The Fed is widely expected to continue hiking interest rates over the medium term, despite the vast majority of other major central banks working to ease monetary policy. Higher interest rates might be a boon to the US dollar, but at the expense of greenback-denominated commodities such as gold. easyMarkets’ Sun Yu continues,

“Gold is one commodity to watch carefully as National Day Golden Week approaches. We’ve seen a price increase of 25.22% since January and there’s certainly scope for further rises, but sensitivities to the activities – including the predicted activities – of the Fed will remain influential in the short-term.”

 

For further details visit www.easymarkets.com, email pr@easymarkets.com or call +44 203 1500 748.

 

Risk warning: Forward Rate Agreements, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you understand fully the risks involved and do not invest money you cannot afford to lose. Our group of companies through its subsidiaries is licensed by the Cyprus Securities & Exchange Commission (Easy Forex Trading Ltd- CySEC, License Number 079/07), which has been passported in the European Union through the MiFID Directive and in Australia by ASIC (Easy Markets Pty Ltd -AFS license No. 246566).

 

No Brexit blues for Ideal Homes International as overseas property agency expands 50%

No Brexit blues for Ideal Homes International as overseas property agency expands 50%

by Sophie Evans World
  • Ideal Homes International team expanding from 50 to 75 staff in 2016
  • Portuguese prices have risen for 10 consecutive months (RICS/Ci)
  • 55% of Lisbon properties now selling in less than 6 months (Confidencial Imobiliário)

Leading Algarve real estate agency Ideal Homes International has been enjoying a spectacular summer. In fact, the whole of 2016 has been positive, according to Founding Director Chris White, whose team is on track to grow by 50% over the course of the year.

With an already large roll call of 50 at the start of 2016, Ideal Homes International has enjoyed a bumper year so far. The company’s mix of residential, commercial and ultra-luxurious overseas properties has proven so popular with buyers from the UK, Ireland, Portugal and elsewhere, that the team is set to reach 75 staff by the end of 2016.

Portugal’s housing market is enjoying a sustained recovery, with buyers newly confident about its longer term prospects. Prices have risen for 10 consecutive months according to the latest RICS/Ci Portuguese Housing Market Survey. Meanwhile a new report from Confidencial Imobiliário has highlighted growing demand in the capital: more than half of the homes in Lisbon (55%) have taken less than six months to sell. Around 20% of homes sold in less than three months.

Down in the Algarve, the market has certainly been buoyant over the summer, with Ideal Homes International taking on 10 new staff in the last two months alone. From exquisite villas, such as this spacious, light-filled villa with pool for €1.4 million in Loulé, to countryside retreats such as this villa with stables, paddocks and pool for €980,000 in Lagoa, the region is awash with stunning properties that make the most of the Algarve’s fantastically sunny climate.

Chris White comments,

“It’s been a great year for the Portuguese housing market with strong demand from both domestic and international buyers. We’ve definitely not seen any ‘Brexit blues’ so far as buyers from the UK are concerned. Portugal’s winning combination of sun, sea and sand – plus great golf, waterparks, beautiful mountains and food – continues to strike a chord with those looking for the perfect holiday home just a short hop from the UK.”

Nor is Portugal the only market that the Ideal Homes International team is focusing on. Seafront apartments with generous pools and city apartments close to the beach in Spain have been selling well all year, while other global markets are being considered by the team.

“We’re getting very close to adding a fantastic new location to our offering and opening up another market to our buyers in the UK, Ireland and elsewhere” is all that White will reveal. “Watch this space for further news!”

With 75 staff in place and a new country on the horizon before the end of 2016, it will be exciting to see what more the Ideal Homes International team achieves over the course of 2017.

For further details call Ideal Homes International on 0800 133 7644 or +351 289 513 434, email info@idealhomesinternational.co.uk or visit www.idealhomesinternational.co.uk.

Manchester better value than Melbourne and Miami for off-plan property

Manchester better value than Melbourne and Miami for off-plan property

by Charly United Kingdom World
  • Post-Brexit Manchester offers better value than Melbourne and Miami (Investorist)
  • Manchester remains UK’s best city (Economist)
  • London Bureaux de Change selling Euros for 99 cents to £1 (Caxton FX)

Post-Brexit Manchester offers better value when it comes to residential off-plan property investment than either Melbourne or Miami, new data from revolutionary trading platform Investorist has revealed.

The company’s listings have shown that a two-bedroom, two-bathroom apartment of approximately 70 sqm can be purchased off-plan for £234,000. An equivalent apartment in central Melbourne would set an investor back about £256,000. Miami was the most expensive of the three, with a comparable property costing around £360,000.

Manchester has just been recognized by the Economist Intelligence Unit Global Liveability Survey as the UK’s best city and one of the top 50 cities globally. Not only is it an excellent investment choice due to its value, but the fall of sterling since the UK’s Brexit vote has opened the country up to investors who previously considered it too expensive.

Jon Ellis, Founder and CEO for Investorist, comments,

“The drop in sterling represents a huge opportunity for those looking to enter the UK market much more affordably than before the referendum. While prime central London is still considered expensive and many believe it is oversupplied in terms of residential stock, the northern powerhouses of Manchester, Liverpool and Birmingham are all shining on the international investment stage right now.”

Investorist is the global marketplace for the off- plan property industry. The company’s UK branch (it also has offices in the US, Singapore, Vietnam, China and Australia, where it was founded) experienced an immediate increase in enquiries from foreign investors after the Brexit decision.

Buyers from China and the Middle East were particularly keen to take advantage of sterling’s decline and avail themselves of off plan investment properties that had effectively had their value slashed overnight.

“The decision to leave the EU created a number of opportunities for investors thanks to the reaction of currency markets,” continues Investorist’s Jon Ellis. “Interestingly, we’ve found that certain countries have shown a preference for particular UK cities. Liverpool, for example, is proving popular with investors from the United Arab Emirates. Brexit really has created some major opportunities for those looking to get in on the UK’s residential property market.”

The pound plummeted in the immediate aftermath of the Brexit decision and has declined further since, reaching its lowest level in three years on 15 August 2016. It has fallen 12% against the Euro and around 10% against the US dollar, with currency company Caxton FX reporting that two airport Bureaux de Change were selling Euros at 99 cents to the pound in mid-August.

This new economic era has highlighted the importance of the UK’s post Brexit property market, with Investorist standing at the forefront of those committing to the sector.

For more information, contact Investorist by visiting www.investorist.co.uk or calling the team on +44 (0)203 761 7380.

Homes for music lovers

Homes for music lovers

by Eleanor World , , ,

Music is known for its power to uplift, calm, excite and sadden. It has such a powerful effect that it is used therapeutically for everything from helping to control emotions to lowering blood pressure through stress reduction programs.

Fans of particular artists will travel for hours to hear their favourite music live, with some even crossing international borders in order to hear a specific band. There are also those whose connection to music is so strong that it is a core component of their home life. As such, we’ve rounded up some homes with musical connections that will be perfect for music lovers in the UK and overseas!

Beats in Barcelona

Music lovers will be delighted by this Barcelona rental apartment, available through Spanish property portal Kyero.com for €2,500 pcm. With exposed brickwork and designer furnishings, the home offers the ultimate in city chic, complemented by a generously sized home studio complete with piano, keyboard, drum kit and mics. Its location in the trendy Poble-Sec neighbourhood means it is also perfectly located for those wishing to enjoy Barcelona’s jazz scene and nightlife. 

Musical Mijas

Elsewhere in Spain, those looking to buy rather than rent will be drawn to this luxurious beachfront villa in Mijas Costa, available through Ideal Homes International. Stunning landscaped gardens, 180° ocean views, a sizeable pool and direct beach access make this one of the most exclusive villas on the Costa del Sol. The décor inside is almost palatial, which is fitting as the villa has been used by royalty, presidents, billionaires and sheiks. Music lovers will be delighted to know that the villa was the location of One Direction’s debut performance in the X factor “judges’ houses” screening in 2010. Such a music connection doesn’t come cheap though – Villa Moana is on the market for an eye-watering €40 million.

Praising in Portugal

Over in Portugal, music fans can pick up their very own superstar’s villa, with Christian crooner Cliff Richard’s home and winery on the market for €9.5 million at Ideal Homes Portugal. The estate includes a four bedroom farmhouse, three bedroom cottage, double office with studio, modern five bedroom villa, onsite shop and wine tasting bar. The property comes complete with the winery’s equipment, materials, shares and stock. It also offers stunning views from its position at the top of Quinta do Miradouro, three swimming pools, tennis court, landscaped gardens and a roof terrace with tower viewing point. This is unquestionably one of the more unique wineries in the Algarve and the only one to enjoy such an impressive musical connection.

Let it be Liverpool

Back in the UK, musical connections don’t get much better than owning a piece of Beatles history in Liverpool. That’s precisely what is being offered by Property Frontiers at Liverpool’s Parker Street Residences. The buy-to-let apartments are located in the former Reece’s Ballroom, where John Lennon and first wife Cynthia held their wedding reception. Available from £69,950 for cash buyers, the city centre apartments offer yields of 8% NET with the option of assurance for five years.

So whether you’re an investor looking for healthy yields, a buyer after a dream second home or simply looking to spend a few months based in Barcelona, you can satisfy your musical side when picking up your property.

For more information, please contact:

Kyero.com: www.kyero.com

Ideal Homes International: 0800 133 7644, +351 289 513 434 or www.idealhomesinternational.co.uk

Ideal Homes Portugal: 0800 133 7644, +351 289 513 434 or www.idealhomesportugal.com

Property Frontiers: +44 1865 202 700 or www.propertyfrontiers.com

Brexit no obstacle as Chinese overseas property investment doubles

Brexit no obstacle as Chinese overseas property investment doubles

by Charly World
  • H1 2016 Chinese overseas property investment 2x that of H1 2015 (CBRE)
  • Political and economic factors look set to support a sustained trend (Investorist)
  • Investorist Live: China Connection exclusive event 5-8 September 2016

Brexit is proving no obstacle to Chinese investors, who remain hungry for a slice of the UK’s property sector. In fact, the drop in sterling’s value has created an excellent opportunity for overseas investors in the UK.

Jon Ellis, Founder and CEO for revolutionary trading platform Investorist, comments,

“The fall in sterling’s value after the Brexit vote led to many investors rushing to pick up property in the UK, which had suddenly become much more affordable. What we’re seeing now is the continuation of that trend, but with purchases by more risk-averse investors. The continuing reduction of the pound’s value has given many investors time to consider the Brexit implications from all angles and most have decided that the UK is still a strong, viable option.”

The weeks since the referendum have been busy ones. Affinity Sunny Way, the overseas investment arm of Affinity Global Real Estate, has observed a 10% increase in Chinese people travelling, with managing director David Wei commenting that,

“…lots of them come to buy property. A few companies dealing with [property investment] from China in the UK have become really busy, and they’ve had to hire more people.”

Firms such as Investorist have also noticed a significant rise in interest in the weeks since the Brexit vote. The rise comes after what has already been a significant period for Chinese interest in UK property – Chinese buyers accounted for 23% of all new residential property purchases in London over the past 18 months, according to Savills.

The UK is not alone however in experiencing a huge Chinese appetite for its properties. According to CBRE, Chinese investment in overseas real estate totalled $16.1 billion in H1 2016, more than double the amount invested in H1 2015. The US was the firm favourite in terms of total investment, while in terms of properties it was hotels and offices that topped the tables.

Manson Zhao, Investorist’s General Manager in China comments,

“China’s economic slowdown has had a big impact in terms of pushing investors to look overseas for their property investments. Countries like the US and UK offer the attraction of a stable environment – even despite Brexit– and higher returns than domestic investments. It’s a win-win for Chinese property investors and the political and economic factors look well positioned to sustain the trend for quite some time.”

Investorist is responding to the much-increased level of demand with the latest in its series of hugely successful Investorist Live events – China Connection. Commencing on 5 September 2016 in Beijing, the exclusive event will move to Shanghai on 8 September.

China Connection will connect ten leading global property developers with handpicked senior level executives from real estate selling agencies across China. Hundreds of stock-hungry agents are expected to attend in order to snap up the hottest property stock from the UK, USA, Europe and Australia for their clients.

With global forces continuing to draw money out of China for property investment around the world, China Connection’s timing couldn’t be better. It looks like 2016 will be a good year indeed for overseas nations looking to benefit from the Yuan.

For more information, contact Investorist by visiting www.investorist.co.uk or calling the team on +44 (0)203 761 7380.

Has the oil industry combusted?

Has the oil industry combusted?

by Eleanor World
  • Oil prices dealt triple blow by reduced demand, electric cars and renewable energy (easyMarkets)
  • Renewable energy to account for 26% of global energy supply by 2020 (IEA)
  • 35% of cars worldwide will have electric capability by 2040 (Bloomberg New Energy Finance)

 

Oil prices may have rallied slightly over the past week, but it’s little consolation for producers who are now two years into the protracted slump. In late July, West Texas Intermediate crude futures plunged back down to $40 a barrel. Brent crude, the international benchmark, wasn’t far behind. With hopes of a production freeze fading, the reality of oversupply continues to bog down the market.

But it’s not just the global glut of oil, generated largely by increased production in the US, Canada, Iraq and Russia, that is responsible for the industry’s continued struggle to make production worthwhile.

Nikolas Xenofontos, Director of Risk Management at leading online trading services provider easyMarkets, explains,

“We’re facing a substantial glut in oil thanks to new production techniques and more efficient production, but that’s only half the story. Global demand for oil is dropping and that is keeping prices bobbing around at the low levels we’ve seen for the past couple of years. China’s slowdown means there is less need for oil in Asia, which has had a notable impact on demand levels. Supply has increased at the same time as demand has fallen, so we’re not likely to see oil prices pick up significantly any time soon.”

Following the historic climate deal in Paris, in which nearly 200 countries participated, Russia, Saudi Arabia, Kuwait and other major oil producers have announced plans to overhaul their energy strategy in order to diversify away from fossil fuels. Crude oil is no longer seen as reliable in generating the state revenues needed to foster economic growth and development. Instead, investment is being diverted to renewable energies, with environmentalists around the world rejoicing that market forces are now pushing nations towards cleaner fuel forms.

According to the International Energy Agency (IEA), renewable sources accounted for 13.2% of global primary energy supply in 2012, rising to 22% of worldwide electricity generation in 2013. Looking forward, the IEA has projected that the share will rise to 26% by 2020.

Hybrid and electric vehicles look set to deal a further substantial blow to the oil industry over the coming years. According to analysts, a shift is under way that will lead to growing adoption of electronic vehicles in the next decade. Battery prices fell 35% in 2015, meaning electric vehicles have suddenly become more affordable. This says nothing of the growing efficiencies automakers are introducing to make their hybrid and electric vehicles more affordable.

By 2040, long-range electric cars will cost around $22,000 in today’s dollars, according to a new report by Bloomberg New Energy Finance. By then, about 35% of new cars worldwide will have electric capability.

While electric vehicles are not expected to impact crude oil demand in the short term, this will change over the next decade, plunging another stake into a market that is already struggling with an oversupply of around 2 million barrels per day.

In the longer-term, the rise of greener forms of transportation could be the death knell for the oil industry. Some analysts are predicting that it will be at least a decade until oil returns to commanding prices of $90-$100 per barrel, as was considered the norm up until about mid-2014. Others believe that the development of alternative fuels over that decade might mean that oil’s heyday has passed once and for all. Only time will tell.

 

For further details visit www.easymarkets.com, email pr@easymarkets.com or call +44 203 1500 748.

Risk warning: Forward Rate Agreements, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you understand fully the risks involved and do not invest money you cannot afford to lose. Our group of companies through its subsidiaries is licensed by the Cyprus Securities & Exchange Commission (Easy Forex Trading Ltd- CySEC, License Number 079/07), which has been passported in the European Union through the MiFID Directive and in Australia by ASIC (Easy Markets Pty Ltd -AFS license No. 246566).

Overseas investors still in love with the USA

Overseas investors still in love with the USA

by Sophie Evans World
  • US property most popular for international investors
  • Overseas buyers return to Greece
  • The Philippines emerges as rising star of 2016
  • Demand for Dubai real estate stays strong

Overseas investors are still in love with the USA, reveals TheMoveChannel.com’s latest Top of the Props report. US property stole back the number one spot from Spain in July 2016, becoming the most sought-after country on the property portal, for the sixth time this year.

American dream still going strong

The recent vote by the UK to leave the European Union has seen both the pound and euro weaken against the US dollar, but international investors around the world refused to be deterred from their American dream in the month following the referendum’s result.

US property accounted for 1 in 12 of all enquiries (8.1 per cent) across the month, climbing two places in TheMoveChannel.com’s chart to overtake both Spain and the UAE.

“America’s residential market continues to enjoy strong capital appreciation, fuelled by low mortgage rates, steady employment growth and limited supply,” explains TheMoveChannel.com Director Dan Johnson. “Investors are therefore still turning to affordable markets with high returns, such as Detroit, and perennial hotspot Florida. Commercial property in New York is also a significant driver of demand, thanks to the country’s stable and steady economy growth.”

Europe not down and out

While the UK is preparing to leave the EU, investors have lost none of their appetite for the continent’s real estate. Despite Spain’s slide into second place, enquiries remained strong for European property in July, with familiar favourites Portugal, Italy and France all in TheMoveChannel.com’s 10 most popular destinations.

Buyers returned to Greece, with the country’s share of enquiries hitting a 19-month high in July. As a result, the country climbed five places from 14th to ninth. Interest in Germany is also at a record high, with the country entering the Top 5 for the first time. Bulgaria and Cyprus both entered the month’s Top 15 destinations too.

“The relatively weak euro means that European real estate remains a highly attractive prospect for international buyers, whether from outside the EU or in the UK. Rising values in Spain and Portugal, low mortgage rates in France and the timeless lifestyle appeal of Italy are still drawing investors, while Germany’s growing economy and Greece’s low prices mean property is good value in both countries. Seven out of July’s Top 10 destinations are in Europe; proof that the continent has lost none of its clout.”

Dubai demand stays strong

Away from Europe, demand for Dubai real estate remains strong, with the UAE continuing to move up and down within TheMoveChannel.com’s Top 10 destinations.

According to data from the Dubai Land Department (DLD), British nationals are the third largest group of investors in the city’s property, with experts welcoming the recent price correction for residential property, as the market moves from speculative to end-user investment ahead of 2020’s Word Expo.

“Dubai has become a regular presence in TheMoveChannel.com’s rankings in 2016, appearing five times in seven months,” comments Johnson. “The UAE’s appeal has been boosted by its improving transparency. According to JLL, the emirate is now the most transparent property market in MENA.”

The rise of the Philippines

The Philippines has been another rising star of 2016, with the country re-entering the Top 5 destinations on TheMoveChannel.com in July. This is the third time the islands have appeared in the Top 10 this year.

With both the Philippines and UAE removed from the unfolding EU situation, will they become new favourites for post-Brexit investors, or is July’s rising interest just driven by strong opportunities?

“While Dubai’s residential real estate is on course for recovery in 2017, July’s activity was particularly driven by commercial property,” adds Johnson. “Office vacancy rates are falling and demand for space remains high. Opportunities such as a co-working development in the city are opening up new avenues in the emirate’s economy.”

Ray Withers, CEO of specialist international property investment company Property Frontiers, which has recently brought the Portofino Ocean’s Edge resort to the market, attributes the Philippines’ appeal to the country’s record-breaking tourism figures.

“Demand for high end hotel accommodation in the Philippines has never been greater and the country is racing to increase supply enough to keep up with demand. With high quality new resorts required in key tourism hotspots, international investors are keen to buy into the Philippines now in order to be part of the wave of new construction that is required to service the increased level of visitors. JLL’s finding that the Asia Pacific region is the most improved in the world for real estate transparency has furthered this significant trend of international demand for resort investments in the Philippines.”

 

Click here to see the full top 40 property destinations for July 2016.

 

— ENDS —

 

Notes to Editors

About Lead Galaxy and TheMoveChannel.com

Founded in 1999, www.TheMoveChannel.com is the leading independent website for international property, with more than 1.4 million listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

TheMoveChannel.com is one of more than a dozen international property sites operated under the Lead Galaxy brand. Lead Galaxy provides online marketing solutions to thousands of property companies worldwide, focusing on portal listings, email marketing, qualified leads, paid search and social media advertising.

The business is headquartered at 24 Jack’s Place, Corbet Place, Shoreditch, London, E1 6NN.

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Our technical team has developed a great new solution for content publishers that allows the addition of high impact advertising units, which can be configured to show property listings, relevant to a type of property, country, region or a specific location.

 

There are 2 types of implementation:

  • Standard Ad Units: These show in 120,600, 160×600, 300×150, 300×250, 300×500, 300×750 and 728×90 formats, with a varying number of listings showing in each version.
  • Dynamic Portfolio: This is a completely configurable panel, where you can choose the number of columns and rows, plus the size of the listings and dedicate a section of a page, or even a whole page to a set of properties.

Please contact Ivan Radford on ivan.radford@themovechannel.com or +44 (0)207 952 7221

AB Property Marketing appointed by revolutionary trading platform Investorist

AB Property Marketing appointed by revolutionary trading platform Investorist

by Sophie Evans United Kingdom World
  • Investorist provide the world’s largest off plan B2B property marketplace, connecting thousands of property professionals  
  • Brexit prompted an almost immediate response from our members (Investorist)  
  • Leading property PR agency ABPM appointed to promote Investorist’s global marketplace in the UK  

As the UK housing market emerges from the cloud of Post Brexit uncertainty, it seems that off plan property is set to benefit from an increase in demand from international buyers. Global interest in UK property and all it has to offer is growing as developers prepare for the September sales surge.

Launched in 2013 in Melbourne, Australia, Investorist specialise in off plan property providing an online, global B2B marketplace. With projects all over the world, and offices in Australia, China, Singapore, United States, Vietnam and the UK, Investorist is the leading property network and management tool connecting thousands of property professionals globally.

The company’s pioneering technology has proven to drive both business efficiency and impressive project sales success, with more than 200,000 property searches undertaken on the platform during 2015.

Sam Fairfax, General Manager UK and UAE for Investorist, comments,

“Investorist is a truly unique platform and service. It provides developers with a sophisticated stock management, distribution and reporting system. Brexit prompted an almost immediate response from our Investorist members outside the UK, and at Investorist we’re really positive about the opportunities that we see emerging in the UK market.

“As a global business, many of our clients are in international markets such as the UAE, China and SE Asia, and they’re actively looking now to take advantage of property deals locally.”

The company has announced the appointment of leading property PR agency, AB Property Marketing to further grow their presence in the UK market.

Charlotte Ashton, MD of AB Property Marketing comments,

“Investorist have a wealth of industry expertise, offering a complete, unbiased view of the property market. They provide a high level ‘matchmaking’ service for sellers and buyers of off plan property, and do not take commissions from any party.

We at AB Property Marketing are thrilled to be working alongside Investorist as they continue to expand their global network, providing efficient, user friendly technology.”

Investorist are available to provide the media with expert industry comment in relation to off the plan property and the UK’s dynamic housing market.

To find out more about Investorist and the services they provide, please visit http://www.investorist.co.uk/