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The past week was fruitful on large-scale forecasts regarding the condition of global property markets in 2009. Moscow should be particularly noted for appearing in nearly each one of them.
Moscow has lost six positions and has slid down from the top line of the Europe’s safest property markets list. The present rating was prepared by an auditing fi rm PricewaterhouseCoopers and a non-profi table organization Urban Land Institute. 500 European property market experts were polled.
Europe’s Top 10 Cities for Real Estate:
The value is based on the expected returns from investment in real estate on a scale from 1 (catastrophic) to 9 (excellent).
According to Helmut Trappmann, head of real estate at PwC, “the German real estate market is becoming more attractive in the crisis. Acceptable returns make the risks here considerably lower, than in the boom regions of earlier years.”
Informational-analytical portal Global Property Guide has recently published a rating of cities most attractive from the buy-to-let point of view. Besides that the present portal has also prepared a list of the most expensive housing located in world’s capitals and large fi nancial centers. The leading position is occupied by Monaco’s capital – Monte-Carlo – with $45,713 per a square meter. The second place is occupied by London, where the price of a square meter is $23,837, Moscow is on the third line with $16 739 per a square meter.
Only one US city is in the TOP-10: New York, where the price of a square meter is $14,898. The city occupies the sixth line. Two European cities may be found in the TOP-10 of the present rating – Paris (7 place and $11,646) and Rome (10 place, $8,806). The rest four cities from the TOP-10 are located in Asia. These cities are: Hong Kong (4 place, $16,052), Tokyo (5 place, $15,851), Mumbai (8 place, $11,413) and Singapore (9 place, $10,723).
Global Property Guide’s rating refl ects the average price of a square meter in a 120-square-meter apartment located in central districts of world’s capitals and large fi nancial centers.
The portal has also recently published a rating of cities most attractive from the buy-to-let point of view. It refl ects apartment price to yearly rental yields ratio. The rating evaluated 120-meter furnished apartments, with all modern conveniences, predominantly located in already fi nished houses.
The fi rst position is occupied by Moldavia’s capital, Kishinev, where the present indicator works out 14.17%. Cairo is on the second place with 12%, the third line is occupied by Indonesia’s capital, Jakarta (11.27%). In three other cities Manila (Philippines), Skopje (Macedonia), and Lima (Peru) yearly rental yields amount to 10-11% of the property price.
In the majority of developed US, European and Asian cities the present indicator does not exceed 5%. This means that property is overpriced in such cities. For example, Moscow occupies 49 position in the present rating with 4.61%.
A rating of the world’s best hotels (based on the price-to-quality ratio) was also published on the last week. The present list was prepared by an international online-hotel-booking resource, hotel.info.
The TOP-10 of the rating:
According to the poll arranged by the portal, hotels of New York, Moscow and London are the worst in respect of price-to-quality ratio.
10.02.2009
Moscow has lost six positions and has slid down from the top line of the Europe’s safest property markets list. The present rating was prepared by an auditing fi rm PricewaterhouseCoopers and a non-profi table organization Urban Land Institute. 500 European property market experts were polled.
Europe’s Top 10 Cities for Real Estate:
- Munich (value - 5.51). Ranking in 2008-4
- Hamburg (value - 5.41). Ranking in 2008-3
- Istanbul (value - 5.38). Ranking in 2008-2
- Zurich (value - 5.17). Ranking in 2008–17
- London (value - 5.13). Ranking in 2008–15
- Moscow (value - 5.02). Ranking in 2008–1
- Helsinki (value - 4.98). Ranking in 2008–10
- Paris (value - 4.98). Ranking in 2008–5
- Berlin (value - 4.93). Ranking in 2008–9
- Frankfurt (value - 4.93). Ranking in 2008–7
The value is based on the expected returns from investment in real estate on a scale from 1 (catastrophic) to 9 (excellent).
According to Helmut Trappmann, head of real estate at PwC, “the German real estate market is becoming more attractive in the crisis. Acceptable returns make the risks here considerably lower, than in the boom regions of earlier years.”
Informational-analytical portal Global Property Guide has recently published a rating of cities most attractive from the buy-to-let point of view. Besides that the present portal has also prepared a list of the most expensive housing located in world’s capitals and large fi nancial centers. The leading position is occupied by Monaco’s capital – Monte-Carlo – with $45,713 per a square meter. The second place is occupied by London, where the price of a square meter is $23,837, Moscow is on the third line with $16 739 per a square meter.
Only one US city is in the TOP-10: New York, where the price of a square meter is $14,898. The city occupies the sixth line. Two European cities may be found in the TOP-10 of the present rating – Paris (7 place and $11,646) and Rome (10 place, $8,806). The rest four cities from the TOP-10 are located in Asia. These cities are: Hong Kong (4 place, $16,052), Tokyo (5 place, $15,851), Mumbai (8 place, $11,413) and Singapore (9 place, $10,723).
Global Property Guide’s rating refl ects the average price of a square meter in a 120-square-meter apartment located in central districts of world’s capitals and large fi nancial centers.
The portal has also recently published a rating of cities most attractive from the buy-to-let point of view. It refl ects apartment price to yearly rental yields ratio. The rating evaluated 120-meter furnished apartments, with all modern conveniences, predominantly located in already fi nished houses.
The fi rst position is occupied by Moldavia’s capital, Kishinev, where the present indicator works out 14.17%. Cairo is on the second place with 12%, the third line is occupied by Indonesia’s capital, Jakarta (11.27%). In three other cities Manila (Philippines), Skopje (Macedonia), and Lima (Peru) yearly rental yields amount to 10-11% of the property price.
In the majority of developed US, European and Asian cities the present indicator does not exceed 5%. This means that property is overpriced in such cities. For example, Moscow occupies 49 position in the present rating with 4.61%.
A rating of the world’s best hotels (based on the price-to-quality ratio) was also published on the last week. The present list was prepared by an international online-hotel-booking resource, hotel.info.
The TOP-10 of the rating:
- Tokyo – score: 7.84 out of 10;
- Lisbon – score: 7.71;
- Prague – score: 7.66;
- Berlin –score: 7.60;
- Beijing –score: 7.35;
- Warsaw –score: 7.33;
- Ottawa –score: 7.29;
- Athens –score: 7.24;
- Istanbul –score: 7.14;
- Dublin –score: 7.13.
According to the poll arranged by the portal, hotels of New York, Moscow and London are the worst in respect of price-to-quality ratio.
Provided by prian.ru
10.02.2009