Real Estate Markets
Markets In Focus
We are currently focusing on the following real estate markets:
UAE
Croatia
Georgia
German Cities
European Capitals
MIDDLE EAST
Dubai
UAE
| Population | 10 million |
| Property transactions in 2022 | 97,000 (US$ 71.56 billion) |
| New residential units in 2023 | 47,700 |
Dubai is one of the best value global markets for investors, according to the UBS Bubble Index 2022. Prices in Dubai have risen over the past two years, but coming off the back of seven years of price reductions, they remain good value, with average rental yields at a healthy 6.5 per cent.
Dubai has been a net beneficiary of the pandemic and recent global uncertainties and is attracting new residents and investors like never before, and we expect the coming years will be a continuation of these trends.
EUROPE
Zagreb - Split - Istria
Croatia
| Tourists 2022 | 18,900,000 |
| 10 Year Growth in Tourism | 60% |
| Property transactions 2021 | 135,000 (HRK 60 billion) |
The Croatian real estate market is behaving in interesting ways. The difference between the requested and realised real estate prices is increasing, and is currently reaching around 15 percent, which means that the owners’ demands are not always realistic, especially when it comes to used real estate, it was pointed out on Wednesday at the 34th Real Estate Business Forum.
Another very important factor to consider is the strong growth in Croatia’s tourism in recent years. As Croatia joined the Schengen Area on the 1st January 2023, we are also convinced that this new membership will contribute further to the country’s economic growth.
Furthermore foreigners are buying more real estate in Croatia than ever: From July 2021 to June 2022, foreigners bought 12,518 residential properties in Croatia, or 36 percent of the total. The number of real estate sales to foreigners is constantly growing, and in some cities in the coastal counties, it exceeds 90 percent.
EUROPE/ASIA
Batumi - Tbilisi
Georgia
| Long term rental yield | 8 – 12% |
| Short term rental yield | 15 – 20% |
| New malls since 2012 | 22 (447,388 m2) |
Georgia is attractive for real estate investments for a variety of reasons:
- Captial gains & rental yields: A combination of higher-than-average capital appreciation and rental yields makes Georgia an attractive property market to invest in.
- Low prices: The costs of newly built real estates with sea view per square meter is $400 average in Batumi. This is the lowest price compared to the most of the European countries. The square meter prices in the rest of the country are also among the lowest in Eastern Europe.
- Increasing prices: The prices on real estate in Georgia has been increasing each year since 2012.
- Residency permit: Owning a property in Georgia enables you to obtain a residency permit as well as legally managing property yourself. With the potential future entrance in the European Union, this is an important factor for many investors in the Middle East and Asia.
- Infrastructure: Georgia is currently experiencing an unprecedented level of infrastructure development, and has experienced average
- GDP: With exeption of 2009 and 2020, the GDP has been increasing every year the last 50 years. The country has seen a GDP growth of 4 percent per annum over the last 10 years.
EUROPE
Berlin - Hamburg - Frankfurt
Germany
The major metropolitan areas in Germany’s largest cities features comparatively low vacancy rates and strong absorption of new space being added to the market. Moreover, the share of the job market accounted for by industries with a promising futures is well above average in these cities. The office space markets offer a relatively wide range of options for entry-level investment.
German cities are divided into a socalled “A B C D Location Ranking” with the A rank being the most attraktive in terms of investment. The A locations include Berlin, Hamburg, Munich, Cologne, Frankfurt, Stuttgart and Düsseldorf. These are the top 7 cities that are the most popular and the most expensive to buy real estate in.
B locations are major cities housing at least 250.000 inhabitants with many attractive features of national significance.
C locations have at least 100.000 inhabitants with an important relevance to their surrounding region.
D locations are small cities with a central function for their immediate surroundings (ie. large employer).
EUROPE
London - Paris - Madrid
European Capitals
| Population | 10 million |
| Property transactions in 2022 | 97,000 (US$ 71.56 billion) |
| New residential units in 2023 | 47,700 |
There seems to be a common consensus among the European real estate experts that the capitals London, Paris and Madrid are some of the best places to invest in 2023. These cities have been on the top of the list for best European real estate markets for a number of years and are considered stable, secure markets to invest in.
EUROPE
Zagreb - Split - Istria
Croatia
| Tourists 2022 | 18,900,000 |
| 10 Year Growth in Tourism | 60% |
| Property transactions 2021 | 135,000 (HRK 60 billion) |
The Croatian real estate market is behaving in interesting ways. The difference between the requested and realised real estate prices is increasing, and is currently reaching around 15 percent, which means that the owners’ demands are not always realistic, especially when it comes to used real estate, it was pointed out on Wednesday at the 34th Real Estate Business Forum.
Another very important factor to consider is the strong growth in Croatia’s tourism in recent years. As Croatia joined the Schengen Area on the 1st January 2023, we are also convinced that this new membership will contribute further to the country’s economic growth.
Furthermore foreigners are buying more real estate in Croatia than ever: From July 2021 to June 2022, foreigners bought 12,518 residential properties in Croatia, or 36 percent of the total. The number of real estate sales to foreigners is constantly growing, and in some cities in the coastal counties, it exceeds 90 percent.