Monaco Real Estate News
Monaco
European Hotel Transactions Decline 18 Percent in 2022 as Interest Rates Surge
According to HVS' latest annual European Hotel Transaction Report, hotel transactions for 2022 totaled €13.3bn ($14.4bn USD), an 18% fall on the previous year as the impact of the Russian invasion of Ukraine, rising energy and food costs and high interest rates hit investor confidence.
Exploding Global E-commerce Growth Requires 1.5 Billion Square Feet of New Distribution Space
With e-commerce penetration expected to grow to 26 percent of all retail sales by 2025, the U.S. will need an additional 330 million sq. ft. of distribution space just to handle the increase in online ordering in that timeframe.
26 Percent of World's Ultra Wealthy Plan to Buy New Home in 2021
According to Knight Frank's latest edition of The Wealth Report 2021, 26% of ultra-high-net-worth individuals (UHNWIs) globally are planning to buy a new home in 2021, a sharp increase from the 21% revealed in 2020. This demand will help fuel price rises of up to 7% in key markets over the course of the year.
UAE, US Wealth Driving UK's High-end Property Market in 2020
The top countries of origin for high-end international home buyers coming into the UK property market -- during the 2020 Coronavirus outbreak -- include the UAE, United States and Australia.
