You are currently browsing the category archive for the ‘Mexico’ category.

My heart, hopes, prayers & love go out to Mexico and the many island countries including Barbuda, Puerto Rico, St John, St Thomas, St Croix, Cuba, Dominican Republic, the British Virgin Islands & others that have been hit so terribly by the hurricanes & earthquake.

 

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What a great opportunity to own a beautifully renovated Colonial home in the Yucatan Peninsula of Mexico. It would be wonderful as a vacation or permanent home so you could enjoy the magical city of Merida full of history, museums, art and delicious foods with many more nearby attractions to explore- including the beaches, golf courses & ancient Mayan ruins. Great investment opportunity!

      
You will love coming home at Casa La Ermita located in the charming neighborhood of San Sebastian in the historic center of Merida with many restored homes of great value in the area. Within a short walking distance from the house, you will find La Ermita de Santa Isabel church which is surrounded by a lovely garden with plenty of seating and children’s play areas. A kiosk in the center of the park beside the church is a great place for you to sit relax, listen to romantic serenades at night, watch dancing and enjoy different weekly cultural events.

      

Pre-Construction Price is $225,000 USD ($4,000,000 MX). The price will increase gradually as construction and renovation advance. So take advantage of the lower price now!
Included: 3 Bedrooms / 3 Baths with closets and Helvex faucets
Kitchen with modern concrete counter and wood cabinetry
Patio interior of glass with garden for light and ventilation
The house has two interior gardens
Pool with pump, filling well and water discharge well
And too many more features to list them all.

Please feel free to contact me regarding this historic home in one of my favorite cities in Mexico!

   

  

  

 

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Please join the Pinellas International Council this Thursday for the Certified International Property Specialist course, the Americas & the International Real Estate. This informative course is being taught by  Ileana Bogaert, Realtor® and the 2012-2016 National Association of Realtors President’s Liaison to Colombia.

Thursday, June 1, 2017 | 8:30am – 5:00pm at Pinellas Realtor Board, 4590 Ulmerton,Road, Clearwater, Florida.

This course offers you practical information on working with Caribbean, North, Central and South American investors.  Historical and cultural influences, regional relationship, and investment opportunities are covered along with a special focus on Mexico.

Instructor: Ileana Bogaert   Ileana Bogaert's profile photo

Ileana Bogaert, Realtor® CIPS, GRI, AHWD, TRC, CNE
Global Real Estate Marketing Specialist
2012-2016 NAR President’s Liaison to Colombia
Bogaert’s International Realty-Marco Island – Naples – Miami

SCHEDULE:
8:30 a.m. to 9:00 a.m.: Sign-in, networking, and breakfast
9:00 a.m. to 5:00 p.m.: Course

Light breakfast and lunch will be provided.
Seating is limited and registration is required.

REGISTRATION:  http://pinellasrealtor.org/education-and-events-calendar/

***This course is one of the courses required to earn the prestigious Certified International Property Specialist (CIPS) designation. The CIPS Network comprises 2,500 real estate professionals from 50 countries and is the specialty membership group for global business practitioners of the National Association of Realtors®. The CIPS® designation prepares Realtors® to service the growing international market in their local community by focusing on culture, exchange rates, investment trends, and legal issues. Click here for more information about CIPS and the requirements to earn this prestigious designation.

Contact: Jan Dean
Email: JDean@tampabayrealtor.com
Phone: 727-216-3004
Pinellas REALTOR Organization
4590 Ulmerton Road
Clearwater FL 33762

Tibetan monks with horns Florida CraftArt st petersburg

Sacred Art Tour of Tibetan Monks 2017

From January 31-February 5th, Florida CraftArt welcomes eight exiled Tibetan Buddhist Monks from the Drepung Gomang Monastery in India who will create a Sacred World Peace Sand Mandala that was designed by the Dalai Lama and depicts all religions in harmony.

World Peace Sand Mandala

Saturday, February 4, 2017 10:00am
Creation of Mandala
Sunday, February 5, 2017 12:00pm
Finalization of Mandala
Sunday, February 5, 2017 1:00pm
Dissolution Ceremony

During the closing ceremony on Sunday, February 5 at 1 p.m., the monks will dismantle the mandala, sweeping up the colored sand to symbolize the impermanence of all phenomena. It is meant to be a teaching to show that everything that exists has a beginning, a middle and an end. Then monks will then lead a procession to Tampa Bay where they will deposit the sand and perform a Buddhist blessing.

Joe Turner’s Come and Gone – Saturday & Sunday 3pm

American Stage Theatre Company at Raymond James Theatre-163 Third St. N, St. Petersburg

August Wilson’s Century Cycle, owners of a boarding house play host to a makeshift family of people with connections to slavery. Some stay days, some longer. Through Feb. 26. $39-$49.

The Golden Ticket – Saturday

Coliseum-535 Fourth Ave. N, St. Petersburg

The 86th annual All Children’s Hospital Charity Ball features dinner, dancing and an auction. Benefits Johns Hopkins All Children’s Hospital. Starts at 6 or 6:30 p.m. $250.

Frida Kahlo at The Dali     through April 17th, 2017  http://thedali.org/   downtown waterfront of St Pete

This exhibits gives us some insight into the extraordinary career and life of the great 20th century Mexican artist. More than 60 Kahlo pieces are on display, including 15 paintings, seven drawings and numerous personal photographs from the celebrated female artist. The outdoor portion of the exhibition includes a special collection of flowers and plants representative of those in Kahlo’s own garden at Casa Azul. I have been lucky enough to visit her beloved Casa Azul in the Coyoacán district of Mexico City with a dear friend. I was in cielo (or heaven)!

 

Here are International Living’s picks for the top five places to escape to if politics is getting you down.

Top 5 Best Countries to Escape U.S. Election Results Revealed

1. Mexico

Mexico is the only place in the world where U.S. citizens can enjoy an affordable overseas retirement, live right on the beach at affordable prices, yet remain within minutes of the U.S. by car.

Plus, right now with the current exchange rate of the U.S. dollar against the deflated peso, Mexico is a huge bargain.

With its moon-lit fiestas, languid white-sand beaches, ancient colonial towns set in the rugged Sierras, and Mayan pyramids rising from the misty Yucatan jungle, it’s no wonder so many people are starting new lives in Mexico.

With rapidly rising fuel, healthcare, food, and travel costs back home, it’s nice to know that there are still places where it’s possible to live well without burning through retirement savings. Mexico is one such place.

2. Panama

Tropical beaches, First-World infrastructure, high-quality healthcare, welcoming people…there are many things to love about Panama.

Retirees are drawn here by the Pensionado program, one of the best retiree benefits programs in the world. Younger adults…some with children in tow…are moving here in increasing numbers to take advantage of the ease of doing business and the hip, international vibe.

For many, the low cost of living is a major factor in choosing Panama, as is the fact that Panama uses the U.S. dollar. Expats living here have seen their costs drop substantially.

3. Costa Rica

Costa Rica…the name alone conjures up visions of lush tropical rain forests and crashing surf on long stretches of white-sand beaches.

Costa Rica inspires these visions for two reasons. Number one, they’re true. Costa Rica is one of the most biologically diverse and beautiful spots on earth, with Pacific and Atlantic coastlines that are the stuff of legend.

The second reason that the idea of Costa Rica can instantly create pictures of tropical splendor is that it has been one of the most popular destinations for expats and second-home owners for decades.

One place that has been very popular over the years is Costa Rica’s Central Valley…a spot that cradles the country’s thriving capital of San José yet also offers rustic and rural pleasure in abundance, as well as a mild, spring-like climate year-round. The Arenal region, with its centerpiece 33-square-mile lake, is also increasingly popular. It is three hours northwest of San José…a region of farmland, pasture, virgin forest, and unspoiled lake views.

4. Ecuador

Ecuador really does have everything…from the Galapagos Islands to the Amazon basin and the Andes Mountains, from big, modern cities to small, quaint villages. And up until now, one particular area of Ecuador has been overlooked–and that’s its 937 miles of Pacific coastline and its beautiful mainland beaches.

Ecuador draws a wide range of foreigners: entrepreneurs, travelers, humanitarian workers, foreign officials, diplomats, business people of all stripes, and retirees looking to stretch their budget and experience a different way of life. Many expats are attracted by the country’s less-intrusive government and the tranquility of being removed from the terrorist and antiterrorist campaigns that make headlines in other parts of the world.

Generally speaking, the expats who have settled in Ecuador are those who tend to blend into society rather than live together in expat-oriented communities. Nonetheless, a bit of time in any town of significant size in Ecuador is all it takes to find the gringo haunts and watering holes.

5. Colombia

Colombia is no longer just a place for adventurers, speculators and risk-takers. It’s a country that’s hitting its full stride as an expat destination this year as the numbers of expat couples, younger people with portable careers, and single men and women who’ve found the ideal place to live or retire increase. And many of the preconceptions about Colombia being dangerous are at least a decade out of date.

Located at the northern tip of South America, Colombia is where the Pacific and the Caribbean collide with the Andes and the Amazon. It’s a country that is more beautiful, dramatic, and diverse than nearly any other. It offers sparkling colonial cities and world-famous resorts along the Caribbean.

Just three hours from Miami and Fort Lauderdale, Colombia welcomes nonstop flights into Bogotá, Medellin, Armenia, Barranquilla, and Cali.

In cities and towns in Colombia, expats find a perfect climate that’s neither too hot nor too cool (60 F to 80 F all year); amazing natural surroundings; plenty of cultural events; history-filled cities; superb healthcare; friendly people; and a welcoming country…all with a fantastically low cost of living–figure $1,500 a month for a couple, all in.

logo_global_thumbCIPSwithname

This Thursday, August 11, 2016 from 8:00am – 5:00pm, the Pinellas International Council will hold another Certified International Property Specialist course-The Americas and International Real Estate. It will be held at the Pinellas Realtor Organization (PRO) at 4590 Ulmerton Road in Clearwater.

This course offers you practical information on working with Caribbean, North, Central and South American investors.  Historical and cultural influences, regional relationship, and investment opportunities are covered along with a special focus on Mexico.

***This course is one of the courses required to earn the prestigious Certified International Property Specialist (CIPS) designation. The CIPS Network comprises 2,500 real estate professionals from 50 countries and is the specialty membership group for global business practitioners of the National Association of Realtors®. The CIPS® designation prepares Realtors® to service the growing international market in their local community by focusing on culture, exchange rates, investment trends, and legal issues. Click here for more information about CIPS and the requirements to earn this prestigious designation.

SPEAKER: Jorge Cantero
Jorge is licensed in real estate in the state Florida since 1985, and previously a recipient of a New York State Broker’s License. Mr. Cantero’s international experience prior to that was a result of being involved in the chemical industry with a series of multinational companies, and having extensively traveled in Europe, Latin America and Asia.

Mr. Cantero’s specializations include residential resales, marketing of foreclosures; and in particular serving inbound international investors and residential real estate exchangers.

Mr. Cantero is a Past President of the Residential Association of the Miami Association of REALTOR®, and was the recipient of the Association’s Educational Award in 1994, and of the REALTOR® of the Year Award for 1995. Furthermore, he is a member and director of numerous committees of the Miami Association, Florida Association and National Association of REALTORS®.

In addition to having earned the designations of Certified International Property Specialist (CIPS), Certified Real Estate Brokerage Manager (CRB), Certified Residential Specialist (CRS), and Graduate, REALTOR® Institute (GRI), Mr. Cantero holds a Master Degree in Chemical Engineering from New York University (NYU), 1972.

SCHEDULE:
7:30 a.m. to 8:00 a.m.: Sign-in, networking, and breakfast
8:00 a.m. to 5:00 p.m.: Course

Light breakfast and lunch will be provided.

Seating is limited and registration is required.

REGISTRATION:
PRO Members ($95):
Click here to register.

~~~PRO Members – would you like a scholarship to help pay for this course? The REALTOR® Professional Development Scholarship is available for you, courtesy of the Pinellas REALTOR® Foundation and the Affiliate Business Partners of PRO. Click here to learn more and apply. Note: the scholarship does not cover any additional costs associated with obtaining the certification. If you’re interested in the scholarship, REGISTER AND PAY FOR THIS COURSE FIRST, then fill out the application on the webpage linked above. We request that you register and pay for the course first to guarantee your spot since scholarships and seating are limited. If you are awarded, we will issue you a check.

Non-PRO Members ($95):
Click here to register.

For more information, please Contact: Jan Dean at  JDean@tampabayrealtor.com
Phone: 727-216-3004

Please join the Pinellas International Council for our monthly International Marketing and Networking Session. The event is free but we do need you to register on the PRO website in advance-Wine and small bites are provided by the PRO Affiliate Business Partners. Thank you!!  http://pinellasrealtor.org/education-and-events-calendar/

Hope to see you there!

 

Capture

You may also contact: Martha Vasquez
Email: martha@marthavasquez.com

 

Happy New Year     Feliz año nuevo     Bonne année 

Frohes neues Jahr      Feliz Ano Novo    Godt nytt år     Gëzuar Vitin e Ri 

 新年快         Gelukkig nieuwjaar      Ευτυχισμένο το νέο έτος   Tau Hou hari

Felice anno nuovo    Shona Bhliain Nua     明けましておめでとうございま

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

New Year’s is the oldest holiday still being celebrated. The Babylonians celebrated the New Year as early as 4000 B.C. At that time, the New Year began on the first new moon after the Vernal Equinox. The celebration continued for eleven days, with each day having a different purpose and activity.

Some of the most widely used superstitions include the following: Kissing at midnight to ensure that the affections & relationships that we have made will continue for the next year. Filling up your refrigerator & pantries with food to ensure that you will have plenty of food throughout the next year. Putting money in every wallet in the house to ensure prosperity.  Also all of your bills should be paid before New Year’s Day to ensure that prosperity will be welcomed in your home but do not pay any bills on New Year’s Day or you will ensure a year of paying nothing but debts. You should not eat beef because cows mostly stand still. You should not eat poultry because they scratch backwards. Pigs, however, constantly root forward for food. So if you eat pork on New Year’s, you will be moving forward in a positive manner throughout the year. Wearing new clothes will increase your chances of receiving more clothes. Throughout the world the custom of making noise to ring in the New Year has not changed since ancient times as this is to scare off any evil spirits.

In Britain the custom of first footing is practiced. The first male visitor to the house after midnight brings good luck. Usually they bring a gift of money, bread, or coal, to ensure the family will have plenty of these things all the year to come. The first person must not be blond, red-haired or women as these people are supposedly bad luck. SO, I better not be the first person to cross your threshold, being a blonde woman!!

The Druids gave a gift of mistletoe, the sacred source of fertility. It would give you a fruitful year in the number of children, cattle and crops and thus wealth.

In Ireland the direction of the wind blowing at New Year would indicate the trend of politics in the coming year. If it blew from the west it would bring the Irish good luck, if from the east the English would have the luck. Also on New Year’s Eve if they ate a very large supper they would have plenty of food for the coming year.

In France dinner parties are thrown for the entire family customarily include special dishes like foie gras, oysters and champagne. They exchange kisses and wishes, saying, “Bonne Année”, Bonheur, Sante, Amour, Argent (“Good Year”, Happiness, Health, Love and Money).

In Germany people would drop molten lead into cold water to tell the future from the shape it made. A heart or ring shape meant a wedding, a ship a journey, and a pig plenty of food in the year ahead. People also would leave a bit of every food eaten on New Year’s Eve on their plate until after Midnight to ensure a filled pantry. Carp brings wealth. Traditionally jelly filled doughnuts with or without liquor fillings are eaten. Finally a tiny marzipan pig is eaten for more good luck. (Hmmm, eating a lot & eating pig seems to be a recurring theme.)

In Denmark they stand on chairs and then jump off them at midnight. Leaping into January is supposed to banish bad spirits and bring good luck.

January 1st is an important date in Greece because it is not only the first day of the New Year but it is also St. Basil’s Day. St Basil was one the founders of the Greek Orthodox Church, who was kind and generous to the poor. St Basil’s cake, baked with a silver or gold coin inside, is eaten. Whoever receives the coin will have good luck throughout the year. Pomegranates & grapes also bring good luck.

Italians call New Year’s Eve Capodanno (the “head of the year”). Traditionally, they wear red underwear.  A lentil stew is eaten when bell tolls midnight – one spoon per bell. This is supposed to bring good fortune; the lentils represent coins.

In Spain celebrations usually begin with a family dinner, including shrimp, lamb or capon. Wearing new, red underwear on New Year’s Eve brings good luck. It is traditional to eat twelve grapes, one on each chime of the clock, make a wish and then toast with sparkling wine such as cava or champagne. This tradition started in 1909, when grape growers in Alicante needed a way to get rid of the large surplus of grapes they had had that year.

In Puerto Rico and in parts of South America children enjoy throwing pails of water out the window at midnight. Some believe that this rids their home of any evil spirits.

In Bolivia families make beautiful little wood or straw dolls to hang outside their homes to bring good luck.

In Brazil the lentil is believed to signify wealth, so on the first day of the New Year they serve lentil soup or lentils and rice. The lentils are supposed to resemble coins. Grapes are also eaten. Brazilians traditionally dress in white, to bring good luck into the New Year.

Mexicans celebrate New Year’s Eve, Año Nuevo, by eating 1 grape while making a wish with each of the twelve chimes during the midnight countdown. Homes and parties are decorated with colors such as red, to improve lifestyle and love, yellow to improve employment conditions, green to improve finances and white to improve health. Mexican sweet bread is baked with a coin or charm hidden in the dough. When the bread is served, the recipient whose slice contains the coin or charm will have good luck in the New Year. Another tradition is to make a list of all the bad or unhappy events from the current year and before midnight throw it into a fire, symbolizing the removal of negative energy from the New Year.  At the same time, thanks are given for all the good things.

In Costa Rica in addition to eating the 12 grapes, they run across the streets with luggage asking for new trips and adventures in the upcoming year.

In Venezuela, many of the traditions are very similar to the ones from Spain. Those who want to find love in the New Year wear red underwear and yellow to have happiness.  If you want money, you must have a bill of high value when it is time to toast and if you want to travel, you must go out carrying some luggage.

In India people try to finish uncompleted work and pay off all debts before the end of the year. People buy new things for their homes or new clothes.  Animals are washed, groomed and decorated for the festival.

Chinese New Year is celebrated on the second new moon after the winter solstice. Firecrackers and noisemakers will chase away evil spirits. The fabulous dragon and lion will dance in the streets. People will wear red, the most auspicious of colors, and red envelopes with lucky money will be given to children. Tangerines are often given for good luck, but odd numbers are unlucky, so the tangerines are given in pairs.

It is traditional in Japan to spend a full week preparing for the New Year to arrive. The house must be thoroughly cleaned and all debts must be paid. All disagreements must be resolved and forgiven. Before midnight, 108 bells ring, to symbolize the elimination of 108 troubles. With no troubles, disagreements, debts, or disorder to contend with, all are free to welcome in the New Year with every expectation of peace and prosperity. The day after New Year’s is First Writing Day, when people write their hopes and dreams for the New Year.

Round shapes (representing coins) bring prosperity for the coming year in the Philippines. Families have large amounts of round fruits on the dining table and eat exactly 12 fruits at midnight (grapes). Some wear polka dots for luck.

In the USA black-eyed peas and rice called Hoppin’ John is eaten. An old saying goes, “Eat peas on New Year’s day to have plenty of everything the rest of the year.”  Most people toast with champagne at midnight. The dropping of the ball from the top of Times Square in New York City started in 1907.  The custom came from the time signal that used to be given at noon in harbors. New Year’s Eve is traditionally the busiest day of the year at Walt Disney World Resort in Florida and Disneyland in Anaheim, California.

Well, I need to go now and get my things in order to ensure that I have the best New Year ever.  I’m off to the store to buy some black-eyed peas, greens, lentils, grapes, and champagne. When I return I must make sure to put money in each wallet in the house. Then I will make sure to wear red, yellow, green and white. At the first stroke of midnight while jumping off a chair and holding a suitcase, I will be eating 12 grapes and making 12 wishes, hoping that I don’t choke or fall on my head. Yikes, I can’t forget the kisses! Wow, I certainly will be quite an interesting sight on New Year’s Eve. Ridiculous photos to follow, I’m sure. So Happy New Year to you all. I wish you happiness, good health, wealth and great friends to enjoy throughout the year!

Justin Trudeau said last month he would remove the visa requirement for Mexicans

Mexico News Daily | Tuesday, October 20, 2015. President Enrique Peña Nieto made a telephone call to Canada last night to congratulate the winner of yesterday’s federal election, one of whose campaign promises was to remove the controversial visa requirement for Mexican visitors. Peña Nieto spoke with Prime Minister-elect Justin Trudeau shortly after the Canadian politician and leader of the Liberal Party gave a victory speech in Montreal.

justin trudeau

Trudeau came from behind to win a majority government, taking power from the Conservatives under Stephen Harper and pushing aside the previous front-runner, the New Democratic Party. In a statement, Peña Nieto said Canadians and Mexicans enjoy a historical friendship that can be further strengthened through political, economic and social ties. Canada is Mexico’s third largest trading partner and its fourth largest source of direct foreign investment.More than 96,000 Mexicans live in Canada, the second largest Mexican community abroad, after the U.S.

Meanwhile, 60,000 Canadians live full-time in Mexico and many more visit. Last year, 1.7 million Canadian tourists visited Mexico, making Canada this country’s second-largest source of foreign visitors, again second to the U.S.President Peña Nieto said via his Twitter account the two countries have the opportunity to begin a new chapter in their relationship, one that has been rather frosty in recent years though he did not say so. Relations soured after the Canadian government in 2009 set a new rule requiring Mexicans to obtain a visa before entering Canada.Trudeau said in September he would remove that requirement if elected. Accusing Conservative leader Stephen Harper of having soured relations between the two countries, he promised to “do right by our continental neighbor,” according to a report by The Canadian Press.He observed that since both nations are members of the North American Free Trade Agreement there should not be travel barriers for citizens. – See more at: http://mexiconewsdaily.com/news/visa-opponent-wins-election-in-canada

http://www.worldpropertyjournal.com/ Michael Gerrity |  2014
According to a new 2015-2016 Global Office Market Report by real estate consultants Cushman & Wakefield, fundamentals are improving in many office markets across the Americas, Asia and Europe.

Maria-Sicola-Headshot.jpg

Maria Sicola

“From a global perspective, 2014 was a stronger year for the office real estate sector, with many markets heading into 2015 on solid footing,” noted Maria T. Sicola, who heads Cushman & Wakefield’s Research for the Americas group. “Of course, some markets in or near areas of political instability and those with stalled economic growth continue to struggle; but overall, things are in better shape than they were 12 months ago.”

UNITED STATES AND THE AMERICAS

As the North American market bright spots, U.S. cities are experiencing economic expansion – even beyond those dominated by the robust technology and energy sectors – which is translating into strong office market fundamentals. “Demand, particularly for newly constructed or refurbished space, is on the upswing,” Sicola said. “While rental growth has moderated in some markets, more than 80 percent of the locations in the study will experience rent growth exceeding inflation.”

The changing workforce presents a significant driver of the U.S. office market recovery. “The millennial generation is exerting its influence on where it wants to work,” Sicola said. “Atlanta, Chicago and Dallas are experiencing increased leasing velocity and have joined the ranks of San Francisco, Seattle, Boston, New York and Houston with respect to improved fundamentals.”

The Canadian office market continues along a path of recovery as well. Strong demand in Toronto is ushering a new era of growth; 5.1 million square feet of new space will come online through 2017. In Montreal, the Deloitte Tower will rise, while Calgary and Vancouver both will see new supply come online as well. Consolidations and densification remain the norm in most Canadian markets, while the flight to quality is creating vacancies in some older office stock.

Mexico City has risen as the star of the Latin American office market, due in part to energy reforms and secondary laws passed by Congress, which have opened up the country to increased foreign investment. While GDP growth was below expectations in 2014, robust growth is projected over the next several years there.

But South American markets are lagging behind especially in Argentina and Brazil, where both production and consumption levels are dampened. While the Santiago office market in Chile has been ahead of the curve, recent trends have moved it in line with other markets, which are not expected to fully recover until 2017.

ASIA PACIFIC

Japan and India are among the strongest performers in Asia in terms of economic growth and stability. Office market demand in Tokyo is being driven by strong corporate profits, while in India information technology-related tenants continue to dominate the landscape. Singapore is also benefiting from tech growth, as it tends to be the next destination, along with the Philippines, after India for multi-nationals.

Not surprisingly, rental growth among established markets is expected to be strongest in Tokyo and Singapore, while many emerging markets will experience above-average growth. Across much of China, rents will grow moderately or remain stable.

“While the modest pace of growth in Asia Pacific markets resulted in a subdued leasing environment in 2014, activity is set to gain traction next year,” Sicola said. “Most core markets will boast relatively low vacancies through 2015 and 2016, with the exception of cities in Australia, and some emerging markets in China and India.”

EUROPE

Economic conditions across Europe remain mixed, but on the whole, a recovery is taking shape. “The outlook is brighter than it has been for a considerable period of time,” Sicola said. “Overall performance is positive across leading indicators including rental growth, supply levels and demand.”

Seventeen of the 21 cities monitored are anticipated to register rental growth. The two front-runners – Dublin and London – are in the midst of supply-led recoveries. Dublin, with only one project in the development pipeline, is anticipated to see 5.7 percent annual compound growth over 2014-2016. In London, the development pipeline will be restricted in the next two years as below-average completions combine with pre-letting, which is absorbing future supply.

With few exceptions, Class A downtown office markets across Europe are poised for respectable levels of growth through 2016. However, older office stock will pay the price given the pervasive trends of densification and flight to quality. – See more at: http://www.worldpropertyjournal.com/

Annalisa Weller, Realtor®, Certified International Property Specialist

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