If you’re looking for the latest in property news, you might be interested in these three articles. They’ll introduce you to the new “normal” of real estate in New York City, the role of Coworking in self-storage properties, and Nordic property news. We’ll also discuss what’s on the horizon for real estate investment in Asia and the Nordics. This article is a must-read for anyone interested in property.
New York City’s new real estate “normal”
The New York City real estate market is thriving and fiercely competitive. With the COVID-19 pandemic spreading throughout the city, many people have temporarily abandoned their search for a new place to live and have been pulling their properties off the market. As a result, many brokers have seen inventory shrink as demand has increased and prices continue to rise. Here’s what’s in store for buyers and sellers in the coming months.
Despite recent reports, the numbers are still up compared to last year. In March, apartment sales in Manhattan surpassed last year’s total, rising 2.1% from the previous year. While the number of apartment sales is still high, this is the highest March real estate sales since 2007. According to the Wall Street Journal, about 1,500 homes in Manhattan were under contract in March. And while this number may be too low, it still represents a healthy number.
Coworking in self-storage properties
As more people move to the gig economy, more coworking spaces are cropping up. In the UK and US, more people are working remotely and valuing flexibility over the traditional office. Furthermore, fewer marriages are creating a single-family housing situation. These trends will further increase the demand for coworking spaces, and more people will opt for storage units.
Ultimately, these changes will create a better working environment for all.
In addition to providing office space, some self-storage facilities offer premier services for business clients. These include delivery, concierge services, document shredding, and even outlets inside the units. For budding fashion designers, coworking spaces provide the ideal workspace. The location is central, and the environment is stimulating. While it can be expensive, the benefits are worth the cost. Coworking in self-storage properties allows members to save on the rent and time spent moving office space.
Nordic property news
Nordic property news is growing at an incredible pace. A recent acquisition by Danish logistics giant DSV of a three-asset portfolio in the Nordics has raised the bar for the Nordic property market. In the Nordics, deal volume is at an all-time high, with over 25 million readers a week. The latest news in the Nordic property market is a mix of transactions, and many investors are stepping up their game. A quick overview of recent Nordic developments follows.
The low interest rate climate has driven record Nordic property volumes. With the low interest rates in the region, capital is increasingly looking towards property as a safe, high-return investment. As a result, the region has seen an increased number of major M&A transactions. However, this trend could reverse itself. The future will tell us whether the Nordic property market will continue to grow and sustain its current momentum. And if the property market in the
Nordic countries continues to grow, the Nordics will likely remain a safe place for investors.