tailieunhanh - EC HARRIS BUILT ASSET CONSULTANCY

Article 27 of the Federal Constitution serves as the foundation for property rights in Mexico. Under Article 27, only Mexicans by birth or naturalization and Mexican corporations have the inherent right to acquire ownership of land. Even so, the state has the authority to grant foreigners the same right given to its citizens to acquire real property, but only if foreign purchasers agree not to invoke the protection of their governments in matters relating to real property. This condition, the so-called Calvo Clause—after Carlos Calvo, an Argentine jurist and diplomat—also stipulates that foreigners will automatically forfeit acquired property if they. | EC HARRIS GERMAN REAL ESTATE MARKET TRENDS THE INVESTOR PERSPECTIVE SPRING 2012 GERMAN REAL ESTATE MARKET TRENDS THE INVESTOR PERSPECTIVE EC HARRIS BU1LTASSET CONSULTANCY EC HARRIS GERMAN REAL ESTATE MARKET TRENDS THE INVESTOR PERSPECTIVE SPRING 2012 Investors are optimistic about future growth in the German property market Our German Real Estate Market Trends report expresses the trends and opinions of bankers in relation to the German property market. We interviewed international investors to seek their view on the appetite for project investment in Germany. We highlight in this report that investors are optimistic about future growth in the German property market and believe asset prices are to remain secure in the long term. However investors plan to sustain a risk adverse investment strategy over the next five years. International investors plan to sustain or increase volumes of investment in the German property market as long as these are considered a safe investment . Typically new build and high quality developments in prime locations with proven occupier demand are considered safe. Executive summary Investors are optimistic about future growth in Germany and their appetite for project investment is higher than in the rest of Europe 70 of investors view the German property market as a secure option to balance risky international portfolios in order to ensure steady return on investment 65 of investors in the German property market consider Frankfurt and Munich the prime cities for investment 58 of respondents prefer retail assets in comparison to others When assessing potential investment in existing assets German investors tend to focus on rate of return and long term risk. Investors are willing to invest in a refurbishment and repositioning of assets as this provides an attractive return. German investors view JVs Joint Ventures as a less common business approach than in the rest of Europe lending is more liquid in Germany resulting in German developers .