Retail: Results and Prospects

With the assurances of experts in 2011 for commercial real estate capital market will gradually recover: network will expand domestic and foreign operators to open new outlets in Kyiv and in regions.

Analysts of investment company Aurora Development identified the following investment transactions of commercial real estate market in 2010 Hodzha:

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China has built up the highest building in the world

"Skyscrapers", created in the image and likeness of skyscraper Burj Khalifa in Dubai, to be located in Shanghai. The cost of its construction will be about $ 1.3 billion

According to Arab news channel Al Arabiya, in building the tower will be attended by companies from Saudi Arabia. The term commissioning is not called. However, it is known that its membership will become semyzirkovyy hotel.

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Holidaymakers in American hotels will be expensive

Hotel owners in the U.S. for the first time since the crisis began planning to raise prices for their services, since this year is expected influx of business visitors.

According to analyst firm Colliers PKF Hospitality Research, hotel occupancy rates last year rose 6%, while room rates remained stable.

Greater influx of travelers was in such cities as Washington, New York and San Francisco. Worse last year was the case in hotels located far from the coast. In 2011, they continue to fight for the guests, including building a new conference center. Hotels high-level, such as Hilton, as shortages of clients.

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Spanish developers will trade at a loss

Builders pay too high a price for the purchase of land on which built the facility, and now must pay for this mistake, the report said evaluating company Sociedad de Tasación (ST).

According to the company, in 2011, developers have to reduce prices and sell their items at a loss if they want to eliminate excess supply and return in the construction business.

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U.S. real estate market is changing for the better?

In December, sales of new homes in the country grew by 17,5% compared with November. Analysts were expecting a much more modest results.

Median price of private residential building in December increased by 12,1% for November and by 8.5% - compared with the same period in 2009, to $ 241 500, RTT News reported, citing the Ministry of Commerce.

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Property Cyprus suffers from inadequacies of the laws

According to experts, the real estate market of the island will emerge from the crisis only after acceptance by the Government to settle the legal relations in the housing sector.

In 2009, the situation on the Cyprus property market was critical. In early 2010 there were some signs of activity in the market, but then the number of transactions declined continuously for six months. By year-end decline has slowed, and the emerging positive signs of the market, which led to optimistic forecasts about a possible stabilization in 2011.

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