real estate

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Germany must let the ECB print euros as soon as possible, says Nordkapp

By Tania Suárez, in Madrid | Pablo Diez, from the asset management department at Nordkapp, explained in a conversation with The Corner that Spain’s unemployment ratio distorts the image the market has about the country’s economy as a whole, and investors believe Spain is at higher risk of default than other euro peripheral countries. He also said that “Spain should be provided with an injection of money issued by the European Central…


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Foreign private equity funds feed on Spain’s real estate crisis

MADRID | The severe crisis in Europe and especially in Spain, Italy and Portugal has attracted some of the main actors of the private equity scene. According to Capital Madrid, one of the biggest firms in the sector, Apax Partners, has put its focus on the financial assets accumulated by the Spanish banks and that will shortly be going out for sale. Indeed, the difficult time many Spanish banks go through…


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The British multi-million pound property market heats up: crisis, do you say?

LONDON | Although less than 0.5% of homes in Britain would be affected by the increase in the stamp duty rate for multi-million pound homes announced in the 2012 budget, according to research by Lloyd, the very top end of the market just hit a historic high in sales. Does it need cool down? The total number of sales of properties that cost at least one million pounds in Great Britain was…


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AXA Real Estate: growth in lettings in Spain fuels plans for property buys

LONDON | Asset manager company AXA Real Estate said Monday it signed 68 leases on behalf of its clients representing a total of 113,350 sqm of space across its Spanish portfolio in 2011. This marks an increase of around 90% compared to 2010, when 60,855 sqm of space was let across 42 leases. Of the 68 lettings, 23 representing 10,707 sqm, were new leases, while the remaining 45, accounting for 102,643 sq m of space, comprised lease…


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Real house prices since 2001 higher in UK than average euro zone

LONDON | Real house prices in the euro area have risen by an average of 23% since 2001, less than half UK’s growth of 50%. Five of the European Monetary Union country members saw a better house performance than the euro zone average: France saw the largest increase (82%), followed by Belgium (69%), Finland (61%), Spain (46%) and Italy (31%). In contrast, there were real price declines in Ireland (-23%), Germany…


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AXA Real Estate: growth across EU due to bank deleveraging, market mispricing

LONDON | AXA Real Estate confirmed Monday that transaction volumes across the full risk spectrum of opportunistic to core have substantially increased in Europe. The real estate portfolio and asset fund was during 2011 a net buyer on behalf of its clients, with acquisitions totalling €2.6 billion, which included €900 million of committed development expenditure, compared to sales amounting to €2.1 billion. The financial management firm was active throughout Europe, in the economically stronger euro…