Real Estate News

Making Sense of Brexit: What Happens to UK Property Markets After the Vote?

Making Sense of Brexit: What Happens to UK Property Markets After the Vote?

With the Brexit vote is complete, and the divorce proceedings of the UK from the European Union is now afoot, with considerable uncertainty and no real precedent, the future implications for UK's property markets are significant. Read More »

Property Investment in European Outlet Centers Explode 300 Percent Since 2013

Property Investment in European Outlet Centers Explode 300 Percent Since 2013

According to CBRE, over €1.1 billion ($1.26 billion USD) was invested into European Outlet Centres in 2015, with transaction volumes more than three times the number recorded three years prior. Read More »

European Gas Station Property Values Impacted by 7-Year Low Fuel Prices

European Gas Station Property Values Impacted by 7-Year Low Fuel Prices

According to Knight Frank, oil tumbled to its lowest level for nearly 12 years last week, raising the prospect of further falls in fuel prices at the pumps. Read More »

Greek Island of Rhodes Making Luxury Market Comeback

Greek Island of Rhodes Making Luxury Market Comeback

The luxury real estate market on Rhodes is starting to stabilize now that Greece's future in the Euro seems secure, reports international real estate consultancy Engel & Völkers. Read More »

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Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »

Last Updated June 28, 2016 8:00 AM ET

Austria Property News

Europe, perhaps more than any other continent, is known for its picturesque old villages. There are so many, in fact, that we could easily do a travel column on the Top 10 villages in each country!

According to Cushman & Wakefield's European Real Estate Loan Sales Market Report, there was €12.2 billion of closed European commercial real estate loan and real estate owned transactions in Q1 2015.

Our last travel column was on my Top 10 ski resorts in America. But America's hardly the only place where the weather is cold, the skiing is cool, the nightlife is hot, and the winter-wonderland scenery is breathtaking.

According to Cushman and Wakefield, Europe, Middle East and Africa (EMEA) will enjoy a significant increase of property investment activity in 2015.

Prices for prime residential property in the world's leading city markets rose by only 0.2%.

More alpine sales are taking place at lower price points as the resilience of the ultra-prime markets start to ripple down the market price ladder.

Luxury residential property prices across the globe rose by 6.2% on average in the year to June 2014.

Getaway cities will deliver the best growth in the next five years.

Rhodes is enjoying new record luxury home prices in the first quarter of 2014.

Germany is the most popular retail market in the world, with 40 percent of global retailers to open a store in 2014.

Meliá Hotels International will open its first location in Austria, in the country's tallest skyscraper. The Meliá Vienna will take up 17 of the 58 floors in the 722-foot-tall DC Tower I, according to a company announcement.

The most exclusive property in Austria's most expensive ski resort is for sale with a price tag of €35,000,000 (USD $47,540,525). The 13-bedroom chalet in the Tyrolean resort of Kitzbühel boasts a 16-seater cinema, a gym, sauna and spa complex and underground heated garage.

I'm not the greatest skier in the world. But I enjoy a good schuss as much as the next person. And I probably enjoy a good après-ski ambience and beautiful winter surroundings even more than the next person.

New-build apartments and chalets in Lech and Obergurgl, two of Austria's most exclusive Alpine holiday resorts, are available for sale, a rarity in the Austrian market. In many parts of the Alps, the property is owned by a small number of families.

Immofinanz Group has sold the Hilton Vienna Danube hotel for €48.4 million ($63.5 million) to a subsidiary of Internos Real Investors Kapitalanlagegesellschaft, Frankfurt am Main. The sale price was higher than the book value, the company said.

Melbourne, Australia, is the most livable city in the world, at least based on a complex formula devised by the Economist Magazine. Melbourne beat out Vienna and perennial winner Vancouver, primarily based on its infrastructure.

Mall operator Simon Property Group has a joint venture with McArthurGlen to invest in McArthurGlen, the European designer outlets leader.

Government measures implemented to slow soaring home prices in Hong Kong didn't work in 2012. Home values rose 23.6 percent for the year, the largest increase in the world, according to the Knight Frank Global House Index released today.

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