Global City And A Hub Of Multiculturalism

Foxtons Group is an estate agency that offers residential property lettings and sales services based in London. The company was founded in 1981. The company had a revolutionary offers of 0% commission and longer opening hours 9am to 9pm that makes Foxtons successfully open other offices in the following years and be the leading yet biggest London estate agency today. Now it has network of 51 branches. Foxtons have established themselves as a highly innovative business over the years, challenging the tradition of property markets. (Foxtons Group, n.d.)

We thank Piet Eichholtz, Pat Hendershott, Charles Ward, two anonymous referees, and participants at the Maastricht-Cambridge Property Investment Symposium for valuable comments and suggestions. We also thank Elvan Aktas for valuable research assistance and Piet Eichholtz and Han Op 't Veld of Global Property Research for assistance with the data. Additionally, we thank the Real Estate Research Institute for

John DeRight & Judy DeRight both members of the long standing DeRight family based in Arlington, Virginia are looking to diversify their portfolio of investments and are contemplating investing in real estate to achieve their investment goal. Both are in a different stages of their life and are considering one of the four real

Macroeconomics is an excellent tool for the analysis of the housing industry as something like a capital good, as a home is considered to be, cannot easily be studied in a short-term platform. Real estate is a good that costs several times more than an average persons annual income, in the United States that number is typically 7 times as much, and in the United Kingdom that number is 14 times as much. Several factors of both supply and demand directly impact the housing market on a macroeconomic scale. (Business Economics, 1)

In recent years, what can only be described as extremely rapid growth has occurred in the London property market. With a present average house price of £458,283 compared to £179,492 for the rest of England and Wales (Land Registry, 2015, pp. 3-5), London is an interesting case study for analysis due to a consistent 9.8% ten year growth average (Knight Frank , 2014). Something demonstrated in Figure 1, which shows property price percentage increase from the twelve months prior to December 2014. With such levels of growth, it is easy to conceptualise London’s attractiveness to investors, particularly that of foreign origin from less stable countries.

The upward trend in condominiums ownership by individuals is seen in the numbers: in 1971 only 5% of all condominiums were occupied by private owners, whereas in 2001 this number reached 19%. In the same year two of every three apartments formed part of a condo. In 2001 condominiums accounted for 8% of all real estate in metropolitan cities, while they were only 1% of all real estate in smaller cities or in rural areas. There was a difference between the major metropolitan centers. Almost one fifth of privately owned real estate in Vancouver in 2001 were condominiums, 70% of which were apartments. In Quebec City and Montreal this number was 80%, whereas it was 50% in such cities as Edmonton, Calgary, and Ottawa dominated by “row houses” (Canada Mortgage and Housing Corporation, 2004).

The objective of this report is to outline the reasons as to what of the difficulties facing Sydney’s property market and analyse how the relationship between demand and supply influence Sydney’s housing market. This report will also evaluate the recent and future trends in Epping housing market. The outcome of this report will be submitted to the local government in order to provide recommendations in ways to improve the Epping area housing market.

The rising of house prices in Canada is like the train which has gone off the rails. In Vancouver – the average home price has jumped almost 40 percent in 5 years (Dmitrieva, Apr 14, 2016), more to the point, houses which are purchased but uninhabited are increasing in Canada; because many rich foreigners try to make a profit from reselling house, but foreign buyers are nor the only reason for real estate problems in Canada. The real estate market’s regulation is ineffective and low interest rates of mortgage are the main causes of the housing market bubble in Canada. The overheating of real estate can be moderated by the practical regulation and effective forecasts from more datas.

Toronto and Vancouver are known as one of the most multicultural cities in the world, so when immigrants are deciding cities to move to they would rather choose Toronto or Vancouver where they can find their culture, religion, and food easily rather than going to other cities. When an extensive amount of immigrants immigrate it also creates a supply and demand issue. Toronto and Vancouver compose 10% of Canada's population, with such a large population the cities don’t have enough living accommodation for the demand which forces real estate prices to increase. Another element of geography includes economical investment, Vancouver is flooded with foreign investors, especially rich Chinese businessman who are investing their fortunes in the Vancouver real estate market. It has been reported Chinese investors spent about $12.7 billion on real estate in Vancouver and own about 33% of houses in Vancouver. As the purpose of the purchase is investments the investors are not selling the houses they bought or selling them for well over what they paid for, which is reducing the number of houses on sale in the Vancouver real estate market and in turn increasing prices. This is how the metro article "Real estate window: When it's too expensive to live in Vancouver, or Toronto" shopping relates to

One area that epitomizes the public’s mistrust of real estate is that of agency. In particular, the much maligned media character of the ‘car salesman’ estate agent, typified by in ‘the secret agent’ (BBC 2009). Whilst the traditional view usually focuses on

I shall look into details how policies in the public and private housing market and the immigration policies affects the private market, despite property prices steadily increasing, the private property market in Singapore continues to boom. There are many factors that play a role in this drastic demand for private property

t city to live and work. Therefore it grabbed attention of more foreigners. The contribution of foreigners in London housing market is one of the factor which results in huge price boom.

Nevertheless they note that there is a shortage of homes in the UK, with high demand and insufficient supply, and therefore it must be evaluated who are the people that are willing and able to pay a higher premium for sustainable properties (Rodrigues et al, 2012).

The sociospatial perspective (SSP) provided a different approach in viewing this connection between social problems and urbanization. Because real estates ' investment involved different interests and development, SSP believed it plays a contributing factor in the urban development. The pulling factor of people 's involvement in the "second circuit of capital, real estate" (Gottdiener and Hutchison, 2011) is strong because it is profitable. This activity is composed of both participants that are interested in acquiring wealth from real estate and a structure. Because it enables anyone to invest money in real estate for profit, it covers all usages and purposes for that investment. Looking back to the case in Hong Kong, lots of household investments were made by Mainlanders to either treat it as an additional source of income, or as a way to spend money that accumulated in an illegal way and cover their tracks, or a way to show off their wealth. According to Centaline Agency, luxurious homes bound by Mainlanders accounted for 25.4% of home sold in 2014 (Sito, 2015). And often the fancy properties ' transactions went through companies incorporated overseas, sometimes even the directors of the company are unknown, making it very suspicious, but due to the large transactions, agents won 't ask further questions (Sito, 2015).

Market share in the real estate business in Singapore is mainly capitalized by few big players such as City Development Limited, CapitaLand and Keppel Land. If any multi-national real estate company approaches to invest here, they will be restricted to a marginal shareholding in the new companies. A new entrant will be therefore a private Singaporean company, and as such the barriers to entry is high in the real estate business.