The tentative recovery of Lanzarote´s tourist industry continues. As figures just released by ISTAC, the Canary Island´s Institute of Statistics, reveals that foreign visitor arrivals rose by 3.28% in Janauary. Suggesting that the record falls and negative numbers of last year are now a thing of the past.
Post Properties, Inc, an Atlanta-based real estate investment trust, today announced quarterly dividends on its common stock of $0.20 per share for the first quarter of 2010. The dividend is payable on April 15, 2010 to all common stock shareholders of record as of March 31, 2010.
After an interesting year in the property market, early 2010 is a crucial time for investors to examine their property portfolios and examine where the best yields are to be found. This is all the more important if one considers the growth in sale prices which overtook the growth in lettings values and the subsequent yield contraction of 55 basis points. The average property acquisition yielded 4.7% gross at the end of 2009.
More on Strongest Investment Property Yields Found in Commuter Areas
More than 250 of the top business leaders in commercial real estate met last week to hear the Voit Real Estate Services’ Commercial Real Estate Forecast at the Pacific Club. The top-notch panel included keynote speaker Dr. Christopher Thornberg of Beacon Economics, residential guru John McMonigle of the McMonigle Group, Robert D. Voit, president of Voit Real Estate Services, and Ken Gaitan, head of Bank of America’s OREO West.
More on COMMERCIAL AND RESIDENTIAL REAL ESTATE FORECAST DRAWS HUGE CROWD
Ouch! It appears the church of England is – once again – better at preaching morals than actually practicing them. A £40 million investment in a decidedly-dodgy Manhattan luxury real estate deal has just gone up to heaven to be with Jesus. According to the Episcopal News Service:
More on Church of England Investment in Manhattan Goes South
After the post concerning Greek Property investment in Sparta, we continue our look at property investment hotspots in the Peloponnese with a hop over the Taygetos Mountains, into Messinia. This corner of the Peloponnese is opening up, as transport and communications improve, and foreign buyers are increasingly looking at property investment in Methoni.
When investors look at Greek property investment, they normally think of Mykonos Crete or Attica, places with a well-established market that generates quick profits. Certainly, for higher end property investments, the kudos attached to these places is guaranteed to generate interest and has fuelled a development boom. However, the recent economic crisis has caused the market to stagnate, a little. Developers and investors are finding it increasingly difficult to make a profit, especially when the new government is threatening to increase the taxation burden upon high-end property portfolios.
Many people buy properties abroad and hope to recoup some of the cost by letting out the property to holidaymakers. Considering the high price of property in many of the tourist hotspots, buy to let property Greece makes sense when you only occupy the home for a few weeks of the year.
More on Buy to Let Property Greece – Navigating the Bureaucracy
The National — All Property Type Aggregate Index recorded a 1.5% price decline in the month of October. The index now stands 43.7% below the peak measured two years ago, in October 2007.
More on Moody’s/REAL Commercial Property Price Indices, December 2009
