With the new ARENCORES MAGAZINE due for publication in the spring, we analyze the market trend of small and medium-sized real estate investments (SMRIs)* in Chania housing market and report on some exclusive analysis of where buyers and investors should go hunting for opportunities.
Between years 2013-2016 almost 650 million euros have been invested in Greek real estate by foreign investors, with the emphasis given to summer houses and traditional stone built constructions in particular. The majority of the investment funds have been directed to the island of Crete and the magnificent island complex of Dodecanese in south-eastern Aegean. Approximately 50 million euros have been invested in Greek real estate properties within year 2016; 186 million euros were invested in year 2015, 250 million euros in 2014, and almost 168 million euros in 2013.
This month, ARENCORES research team takes a close look at why and where the real estate sector is experiencing the dilemma of active or passive investment. One area facing noticeable and significant change is investment performance measurement. We've taken a look at several recent surveys and research reports in order to gauge how closely theory and practice match up when it comes to the Active or Passive management-investment decisions and their influence on the economic viability of the real estate assets. The results show a shift from the old-fashioned real estate assets sourcing methods to a more attractive and rewarding area of growing maturity, where real estate firms offering more sophisticated, comprehensive and reliable forecasts and investment proposals.
How a company communicates, both internally and externally, is critical to its brand, its reputation and its valuation. Doing it right is an essential part of solving any important business issue. As part of this practice, ARENCORES magazine provides the op- portunity to our members to participate in our uniquely holistic approach to strategic communications, including everything from real estate transactions and investor relations to clients alignment and strategic sourcing.
The valuation procedure is a systematic process the appraiser follows to answer a client’s request about the value of a property. The magnitude of this important source of information generates an indispensable requirement for well - informed and reliable appraisals to support decision making including, real estate disposition, value estimation, marketability, and the rights inherent in ownership.
However, the appraisal process faces a number of challenges and competing priorities: a) The level of compliance for all real estate assets is increasing with new bodies, standards and regimes b) How to effectively manage risk and costs without impacting returns c) How to seize (seize upon) new opportunities in domestic or international markets d) How to harness innovation and respond to the recession of the market.
To attract investment, and achieve compliance, today’s real estate firms need a sound operating framework that provides insights on the transaction taxes and fees. As approaches to properties portfolio management evolve, a firm’s investment management infrastructure is also playing a critical role in their day-to-day activity, performance, sourcing, business development and search for valuable assets.
With a robust infrastructure, real estate firms can operate beyond reproach in the eyes of investors, future prospects and shareholders, and show they hold sound investment opportunities.
In today’s highly competitive real estate market, investment strategies and activities must not only deliver superior returns, but also meet more stringent regulatory requirements and transaction policies. At the same time, operations are under pressure to improve procedures efficiency, ensure transparency, achieve compliance and enhance decision-making.
These challenges translate into a single over-arching objective for investors: to close the gap between the bureaucracy and the intelligent insight that today’s investors and stakeholders require. Open data—public information and shared data from private sources can help real estate investors to create value...