Rising prices closing the door on home ownership
In this week's newsletter, Emily Perryman looks at new research from Swinton Insurance which reveals that rising house prices in the past decade have seen big falls in home ownership rates throughout the developed world. And nowhere is this more evident than in the UK which has seen an 11 per cent fall in those on the property ladder.
This week's big deals include news of Allianz partnering with Alpha Asia Macro Trends Fund III to take an 85 per cent stake in a EUR1 billion Beijing office complex, plus a move by DHL Express to invest EUR131 million in an expansion at the Inchon Gateway freight facility next to Incheon Airport inSouth Korea.
And we also have news of the launch of a new institutional large-scale co-living fund through a joint venture between DTZ and The Collective which is aiming to raise equity commitments of up to GBP650 million.
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Property Funds World