According to STR, hotels in the Middle East reported negative April 2018 performance results, while hotels in Africa posted growth across the three key performance metrics.
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.
The republic of Turkey, with a population of 75 million in western Asia, wants to be a noticeable player in the world's real estate markets. The country's real estate growth plans are ambitions. Turkey wants to attract up to $10 billion a year to its property market from investors in Europe, Asia and the oil-producing states around the Persian Gulf, including Iran, Iraq, Kuwait, Saudi Arabia, Bahrain, Qatar, the United Arab Emirates, and Oman.
Forget about Iran's nuclear bomb threat news for a moment along with SWIFT global banking services discontinuing money transfer services with Iranian banks this weekend; real estate is center stage right now in that country of 74 million residents. Developers and investors are rushing to buy or build new apartment complexes or other residential rental properties as a hedge against a fast-rising inflation rate.