Large Turkish construction companies have expressed interest in taking part in land auctions of Russian Housing Development Foundation (RHD), located in different regions including Moscow, Novosibirsk, St. Petersburg and Primorsky Krai.

The representatives of leading Turkish companies met the management team of RHD Foundation under the leadership of Foundation’s CEO Alexander Braverman.  During the meeting both sides comprehensively discussed the implementation of integrated development projects on Foundation’s land.

The likely partners discussed the potential of mutual collaboration in housing and other construction industries. The representatives of RHD Foundation briefed the Turkish businessmen about the advantages of investing in the housing project, building industry and other development projects in Russian territories.

The cooperation between RHD Foundation and Turkish companies has witnessed a dynamic development in the recent years. At the MIPIM 2013 Exhibition, a Memorandum of Understanding (MOU) was signed between RHD Foundation and a leading Turkish construction company. Turkish bank ISbank and several companies including Eroglu, Yenigun and Agaoglu are keen to participate in RHD Foundation’s auction.

Alexander Braverman said currently the RHD Foundation is planning to auction 33 plots of land in Russian regions. He said the portfolio of projects implemented in Foundation’s area is currently at 16 million square meters and overall there are 103 projects in 38 regions of the country.

RHD Foundation head further said that the Turkish companies have great experience, particularly in the construction sector, which is largely in demand in Russia.

“We are interested in cooperation with Turkish companies in the financial sector, namely, the Turkish banks. A comprehensive approach to a site development fund is priority for us “, he said, adding the Foundation is looking forward to working with investors from more countries.

For more information on the global property market, head to MIPIM 2014 at Cannes. Contact EAS for the best in high quality accommodation, marketing and event management. For further information, click here.

The recently-appointed senior partners of WV Coscolluela and Associates (WVCA) – twin brothers Gil and Gary Cosolulluela – are anticipated to take the 55-year-veteran firm to the bigger heights with their exceptional architectural skills.

WVCA’s senior principal architect William Coscolluela, who is also the father of Gil and Gary, said that the appointment of his sons will help the firm to develop attractive, reliable and innovative buildings in Philippines in forthcoming years.

Since its foundation in 1957, WVCA has developed countless luxury buildings across the Philippines but Zuellig Building is hailed as one of its greatest masterworks. Located at the crossroads of Paseo de Roxas and Makati Avenue, Zuellig Building was selected as one of the top three buildings in the “Best Office and Business Development” category of MIPIM Asia Awards 2012.

Zuellig Building is the first high-rise building project in the country that was pre-certified by the US Green Building Council at the LEED Gold level. Down to its superb-location, world-class design and distinctive frontage, Zuellig Building is expected to be premier business location in Metro Manila in future.

SM Aura Premier (Bonifacio Civic Center) at the Bonifacio Global City in Taguig, which is at verge of completion, the Unilab Corporate Offices on Williams Street, Mandaluyong City and P8.5-billion SM Seaside City Cebu, which has just got underway are some other superlative constructions of the firm, which has also participated in overseas projects in Singapore, China, Saipan, Malaysia, and Guam as design consultant.

Gil and Gary have studied in the separate architectural institutes around the country from primary school and up. Gil was previously involved in several projects including Joya Lofts and Towers, RCBC Plaza, Crowne Plaza and PCI Tower in Makati City while Gary’s previous work include the designing of Discovery Shores Boracay in Aklan province, Landmark in TriNoma and several other projects.

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Despite the recent economic downturn, the overseas luxury property market is growing, according to two companies in the high-end sector.

According to the analysis carried out by Luxuryestate.com, one of the biggest online sources of the high-end properties that list 50,000 homes in 50 countries, the interest in luxury properties has increased by an average of 2% during the last year.

From the individuals of countries like Italy and Greece, where the economic situation is extremely instable, peaks of 10% more sales enquires for high-end residences have been recorded.

Engel & Volkers, the 35-year-veteran high-end real estate agent, in its latest-press release has said that they have experienced their best-ever quarter year profit.

The Luxury Estate has identified the trends in demand of luxury properties through analysis of buyer activity on over 25,000 listings, spread across more than 30 countries, with UK leading the chart of countries with the largest demand from individuals.

Greece, Russia and Italy, which all have a massive number of high-net-worth individuals as residents, have emerged as countries with largest increases in demand after witnessing increase of 8%, 6%, and 5% respectively.

The data about most high-end residences for sale is quite interesting as in the economically stable countries; the number of luxury villas, castles and mansions has remained constant on the market or even dwindled.

In contrast, the less economically stable countries like France and Spain, have witnessed a whopping increase in luxury properties on the market during the last 12 months.

For more information on the global property market, head to MIPIM 2014 at the Palais des Festivals, Cannes. Contact EAS for the best in high quality accommodation, marketing and event management.  EAS is also a licensed travel agency and member of ACAV and ASTA. For further information, click here.

Paris has become the most popular place in Europe for property investment according to a list released by leading estate agent CBRE. The French capital overtook London during the second half of 2011 thanks to deals worth €7.9 billion as opposed to €7.8 billion in the UK capital.  A busy second half of the year saw Paris snapping up 14.2% of international deals as investors rushed to complete transactions before the end of the year and ahead of the closing of some property tax breaks.

In addition to being the most popular place for property investment, Paris is now the most expensive capital in which to rent accommodation after rental prices increased by 4.7% during the year.

The 20 arrondissements of Paris escaped the bombing of the Second World War, which means that new-build developments are rare and property supply is limited forcing up rental prices. The City of London, which has far more new-build properties, has seen rents fall to a 25-year low, although the West End market is still buoyant. New York also saw a healthy rise in rental costs as prices increased by 6.5% during the first half of 2011 and 6.2% during the second half.

However it was not all good news as rental growth slowed in many new world cities such as Hong Kong, Shanghai and Moscow during the second half of 2011.

Foreign investors in 2011 were made up mostly of US and Canadian buyers who provided 28% of cross-border transactions, with the US accounting for €9 billion worth of deals. Germany was the next most active buyer taking a 12% market share, while UK buyers came in third place making 9% of property transactions.

If you’re interested in all the latest property developments in Paris, head to MIPIM in Cannes in 2014. For the best hotel rooms, rented apartments and even private yachts look to EAS for all your accommodation needs. We can also help you with restaurant bookings, nightly entertainment and all your transportation requirements. Click on this link to fill in our request form.

The first quarter of 2013 has seen increased demand for Dubai’s office and retail space, leading experts at Cluttons to say that the improved situation will encourage stalled developments in the Gulf city to restart.

This new confidence is being led by Dubai Mall’s huge pull as a global shopping destination. However, despite the good news, Dubai’s office market continues to be very fragmented with some submarkets struggling to attract tenants.

Rents have increased over the past six months in Jumeirah Lake Towers (JLT), Tecom C, Al Barsha and Business Bay, all areas that had been hit particularly hard by the 2008 property collapse. Rents in these areas fell by as much as 50 percent in 2009.

Cluttons reported that rents were now up by 10 to 15 percent in better quality and completed projects.

Retail also saw increased activity during the first quarter of 2013, according to Cluttons, thanks to increased visitor numbers, high wealth levels in the city and increased consumer confidence. In February, Emaar Properties revealed that visitor numbers to the Emirate had risen by 20 percent in 2012 leading to a retail sales increase of 24 percent.

Annual footfall in Dubai’s malls remained strong, especially in Deira City Centre, Mall of the Emirates and Mirdiff Mall, which all target mid to high level income residents and tourists. Their continued success, says Cluttons, is revealed by low to zero vacancy rates.

The property consultancy also noted strong recent interest in community retail units located in high-density residential districts such as the Marina, JLT and Al Barsha.

For more information on the global property market and construction industry head down to MIPIM 2014, at the Palais des Festivals, Cannes. Here at EAS we can promise you the best hotel rooms, the most sought-after rented apartments and even the odd luxury yacht or two. With our expert knowledge we’ll make sure your stay will be one you don’t forget. Click on this link to fill in our request form.

In a bid to curb record property price rises Hong Kong’s government has announced it will supply land for the construction of 3,000 new apartments in the coming quarter.

Asia’s financial powerhouse has seen house prices explode in 2012, with record rises of 20 percent over the last 12 months. Earlier this week the government revealed plans to tender six plots of residential land for the creation of 3,000 apartments.

Hong Kong has done much over the past couple of years to curb its red-hot property market, which has outpriced many local residents. Measures have included increasing stamp duty for short-term transactions, taxing international buyers and increasing land supply.

Paul Chan, Hong Kong’s secretary for development stressed the government’s desire to increase the supply of housing saying that it had already sold 18 sites for 5,100 apartments in the first three quarters of the current fiscal year.

The latest move by the Hong Kong government follows stern advice from the International Monetary Fund that Hong Kong could be in the midst of a property bubble and needs to do more to calm the situation. The fund noted that half of the outstanding loans in the city are currently from the property sector, but added that the probability of a price correction large enough to generate major macroeconomic and financial consequences is “fairly low” in the short term.

Two of the six plots, which are to be supplied in the final quarter, are to be reserved for the apartments of local residents. “Given that land resources is a scarce commodity in Hong Kong, the priority is to always give the top priority to Hong Kong citizens,” Chan said.

For more information on the world’s real estate markets make sure you don’t miss out on the chance to mix with the movers and shakers of the global property and construction industries at MIPIM 2014 in Cannes. If you’re after the best hotel rooms, rented apartments and even luxury, private yachts in the heart of the city, look to EAS for all your accommodation needs. We can also help you with restaurant bookings, nightly entertainment and will organise all your transportation requirements. Click on this link to fill in our request form.

The world’s property markets are becoming more transparent according Jones Lang LaSalle’s latest Transparency Index.

The global real estate services firm reported that almost 90 percent of the countries surveyed revealed greater transparency within their property sector over the last two years.

The index, which rates the ease and safety of buying properties across the globe, named the United States as the most transparent market. The top of the list is made up of traditional established markets with the United Kingdom, Australia, the Netherlands, and New Zealand making up the rest of the top five. Canada, France, Finland, Switzerland and Sweden are also named “highly transparent” markets.

But emerging markets are catching up fast with a number, including Romania, Croatia and Indonesia, placing much higher than in recent years. Mexico and Brazil were singled out as locations that have improved their performance significantly over the past two years, while Turkey was named as the country that has made the greatest strides in improving the transparency of its real estate sector.

According to the report more still needs to be done within the real estate markets in the Middle East, Africa, and Latin America. Although Craig Plumb, head of Jones Lang LaSalle Middle East and North Africa, believes that big changes will be seen in the Middle East in the near future. He claimed that policymakers in the region are starting to take note that greater transparency leads to greater overseas investment and a larger number of multinational companies moving into the market. Watch this space to see how the Middle East real estate market changes over the coming year.

For more information on the transparency of the world’s real estate markets make sure you don’t miss out on the chance to mix with the movers and shakers of the global property and construction industries atMIPIM 2014. If you’re after the best hotel rooms, rented apartments and even luxury, private yachts in Cannes look to EAS for all your accommodation needs. We can also help you with restaurant bookings, nightly entertainment and will organise all your transportation requirements. Click on this link to fill in our request form.

The sale of existing homes in the US rose slightly in July, as did house prices, showing that the worst of the housing crisis may be coming to an end in the world’s largest economy.

The National Association of Realtors (NAR) said that existing home sales rose by 2.3% from June to July, meaning that 4.47 million units were sold over the last year. The average house price nationwide was $187,300 in July, up 9.4% on prices from the same month last year.

Job creation, low borrowing costs and a small supply of properties for sale have been providing the foundations for price gains within the market. Regionally, existing home sales rose in the Northeast by 7.4%, in the Midwest by 2% and in the South by 2.3%, while sales in the West remained unchanged during July.

The length of time houses are on the market is also decreasing as NAR president Moe Veissi explained. “Correctly priced homes, regardless of price range, are selling quickly these days. A third of homes purchased in July were on the market for less than a month, and only 21% were on the market for six months or longer.” According to the NAR, house sales in 2013 are likely to reach five million.

Meanwhile rents increased nationally in July also, with 70% of the metropolitan areas surveyed experiencing rental increases from June to July. Chicago, Providence in Rhode Island and Baltimore experienced the highest increases posting double digit rises of around 12%. This is mainly as a result of continuing high foreclosure levels in these areas, which has boosted rental demand.

Nationally the number of foreclosures continued to decline, however, with 5.7 out of every 10,000 homes in the country being foreclosed. That was down from 6.5 out of every 10,000 homes in June.

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