PureWest Real Estate Ranked Among Real Trends Top 500 Real Estate Companies in the Nation

PureWest Real Estate Ranked Among Real Trends Top 500 Real Estate Companies in the Nation

KALISPELL, MT – PureWest Real Estate in Montana was ranked as the 419th residential real estate brokerage firm in the nation in the annual Real Trends 500 report, released this April. PureWest moved up 15 spots from being ranked 434th last year. Now in its 30th year, the independently verified research report remains the undisputed leader in ranking the performance of the country’s top firms. It identifies the top 500 brokerages based on 2016 closed sales volume and closed transaction sides. One of two Montana firms and 33 Northwestern firms to be recognized, PureWest made the list with a 2016 volume of $588,031,774, an increase of 14% over the previous year.

Click here for the full report.

We are thrilled with our growth and accomplishments over the past year!” says Dale Crosby-Newman, co-owner of PureWest Real Estate. ““The recognition from REAL Trends is proof that we’re effective in providing unparalleled services to our clients resulting in consistent success.”

About PureWest Christie’s International Real Estate

PUREWEST REAL ESTATE is the largest independently owned premier real estate con­cierge brokerage in Montana specializing in prestigious properties. With a reputation for real estate excellence, professionalism, and cutting-edge market savvy, we are dedicated to being the leading luxury real estate brand in the state.

Germany overtakes UK as most active European commercial property market

Germany overtakes UK as most active European commercial property market

Germany overtook the UK as the most active commercial property market in Europe in 2016 with transactions totalling €59 billion, according to the latest research.

Although investment volumes declined 14% year on year, global real estate advisor Knight Frank reports that Germany was established last year as Europe’s safe haven due to its robust economy and relative political stability and the diversity of its property markets.

Approximately 55% of the total transaction volume was spread over seven key cities in 2016 of Berlin, Frankfurt, Hamburg, Munich, Cologne, Dusseldorf and Stuttgart with second tier cities such as Leipzig attracting unprecedented levels of investment.

Over 60% of investment transactions in 2016 involved German buyers, as competitive pricing started to price out overseas investors, the report points out, adding that occupier demand is characterised as strong, with Berlin and Munich recording rental growth and rents in Frankfurt remaining at a high level.

It is Berlin’s emergence as one of Europe’s pre-eminent creative hubs that has seen the city post record levels of office take up for the past three years, the report says, and as a result it is a compelling proposition for investors with transactions totalling €5.7 billion in 2016.

The report also points out that as mainland Europe’s leading financial centre, Frankfurt is host to more than 230 national and international banking institutions and in 2016 saw the highest level of leasing activity since the global financial crisis of 2007 with 530,000 square meters let.

Indeed, around €4.7 billion was invested into Frankfurt’s commercial property last year, and despite a restricted availability of office investment stock, the office sector attracted €3.3billion in capital.

Munich, meanwhile, is Germany’s second largest employment hub where around 30,000 jobs are created each year and this is underpinning strong demand for office space. A total of 780,000 square meters of office space was let in 2016, one of the highest totals ever recorded, and was the second most popular German destination among investors, with transactions totalling €5.5 billion.

‘Germany is one of the premier advanced economies in which to invest, and it emerged as the leading destination for real estate capital in Europe in 2016,’ said James Roberts, chief economist at Knight Frank.

‘The economic outlook remains strong, as it continues to lead the recovery in mainland Europe, although with a national election in September some investors may adopt a more cautious stance in the short term,’ he added.

According to Joachim von Radecke, head of the German Desk of European Capital Markets at Knight Frank, many property investors are attracted by the diversity in the German market. ‘With seven key cities all with distinct characteristics in terms of occupational demand this will continue to be a key differentiator for Germany versus other European markets,’ he said.

Investment in alternative property sectors set to take off in Europe

Investment in alternative property sectors set to take off in Europe

Alternative property investment sectors in Europe are likely to be boosted by urbanisation and demographics with the UK leading the way, followed by Germany and Sweden, new research suggests.

Long term trends will boost segments such as the Private Rented Sector (PRS), student accommodation, care homes and hospitality, according to international real estate investment manager Savills Investment Management (Savills IM).

Key attractions in these alternative sectors include long leases, indexed rental uplifts, better covenants and the potential to diversify portfolios. Prime yields are now at or below 6%, with scope for further compression as these markets develop and mature, says the Savills IM report.

Savills IM believes that the key sectors set to see strong activity this year include the PRS, automotive, hospitality and socio-infrastructure markets in the UK, Germany, France, the Netherlands, the Nordics and increasingly Spain.

The largest alternative real estate market is in the UK, with €9.9 billion in 2015, followed by Germany at €5.2 billion and Sweden at €3.5 billion.

‘Historically, the European real estate investment market has been focused around the main commercial property types of retail, office and industrial. However, rising competition for the best assets in these traditional markets is out-pricing some investors, who are interested in higher returns and are prepared to take more risk,’ said Kiran Patel, chief investment officer at Savills IM.

‘These investors are looking into niche market segments, and are partnering with strong local players to benefit from higher returns. We have no doubt that the alternative real estate sector will further increase its share of the real estate investment universe over the coming years in Europe,’ he added.

In the report Savills IM says alternative sectors are set to attract investors who have long term strategies and can benefit from stable, long term income. Despite this growth potential, however, the report says alternatives pose some challenges for investors, including transparency that is lower in certain segments than in the mainstream market.

Investors also need to consider the level of maturity in the market, stock selection, business models/ease of entry, occupiers’ ability to service rent, covenant strength and exit strategies.

The report concludes that market uncertainty must be counteracted with a long term view and understanding and robust underlying fundamentals will continue to drive investment into real estate but into new asset classes and tiers.

In a separate piece of research, German based PATRIZIA Immobilien says that a long term investment strategy is needed for commercial real estate overall. It says that this means keeping a long term focus on market fundamentals and the location of assets in order to achieve good returns and limit the risks associated with any potential instability.

‘A key lesson from 2016 for investors is that public opinion is not predictable, and that political risks should be closely monitored,’ said Marcus Cieleback, group head of research at PATRIZIA Immobilien.

The report says that from a long term perspective, real estate investments in Europe are growing relatively more attractive, offering a lower downside potential. ‘This is because in the future we are facing a lower growth environment, resulting in lower capital growth and ultimately lower total returns. From this perspective, Europe with its low volatility and low average capital growth will be the region in which future returns will be closer to past performance, especially when compared with North America and the UK,’ Cieleback explained.

‘Whilst we and any investor should remain mindful of the ongoing uncertainty in the wider market, we remain confident that combining a long term strategy with the specific nuanced details of an asset, sub-sector and local market can still lead to above average returns. On this basis, and considering demographics, growth perspectives, the equilibrium interest rate and the risk preferences of the investors, Europe is still an attractive investment opportunity on the global stage,’ he added.

4 Bedrooms, 2 full Bathrooms, 2,378 sqft Home for sale – Fresno, Texas

4 Bedrooms; 2 full Bathrooms; Single-Family Home; Lot Size: 6,969 sqft; Built in 2006; 2,378 sqft;

Investor opportunity! This property is being offered at Public Auction on 05-02-2017. Visit Auction.com now to see the Estimated Opening Bid, additional photos, Property Reports with Title information, Plat maps and Interior Inspection Reports when available. Auction.com markets Foreclosure Sale properties throughout Texas for banks, financial institutions and government agencies who are very motivated to see these properties sell to investors. The majority of these properties are priced below market value. Don’t miss this special opportunity to buy homes at wholesale prices! In additio… n to this property, 1017 other properties are scheduled for sale at this same Foreclosure Sale. In our online auctions and live Foreclosure Sales, Auction.com currently has 46 properties scheduled for sale in Fort Bend County and 1189 throughout Texas. All properties and sale details can be found with a simple search at Auction.com. Create a FREE account today to find more properties like this one, save searches of properties that meet your investment criteria and have the properties you’re looking for emailed directly to you when posted in an upcoming sale event. To view the complete details of this exact property, click the Auction.com link below or paste the Property ID 2389107 into the search bar at Auction.com

4 Bedrooms, 2 full Bathrooms, 2,378 sqft Home for sale – Fresno, Texas

4 Bedrooms; 2 full Bathrooms; Single-Family Home; Lot Size: 6,969 sqft; Built in 2006; 2,378 sqft;

Investor opportunity! This property is being offered at Public Auction on 05-02-2017. Visit Auction.com now to see the Estimated Opening Bid, additional photos, Property Reports with Title information, Plat maps and Interior Inspection Reports when available. Auction.com markets Foreclosure Sale properties throughout Texas for banks, financial institutions and government agencies who are very motivated to see these properties sell to investors. The majority of these properties are priced below market value. Don’t miss this special opportunity to buy homes at wholesale prices! In additio… n to this property, 1017 other properties are scheduled for sale at this same Foreclosure Sale. In our online auctions and live Foreclosure Sales, Auction.com currently has 46 properties scheduled for sale in Fort Bend County and 1189 throughout Texas. All properties and sale details can be found with a simple search at Auction.com. Create a FREE account today to find more properties like this one, save searches of properties that meet your investment criteria and have the properties you’re looking for emailed directly to you when posted in an upcoming sale event. To view the complete details of this exact property, click the Auction.com link below or paste the Property ID 2389107 into the search bar at Auction.com

2,164 sqft Home for sale – Selma, Alabama

Single-Family Home; Lot Size: 0.72 acres; Built in 1984; 2,164 sqft;

Investor opportunity! This property is being offered at Public Auction on 05-19-2017. Visit Auction.com now to see the Estimated Opening Bid, additional photos, Property Reports with Title information, Plat maps and Interior Inspection Reports when available. Auction.com markets Foreclosure Sale properties throughout Alabama for banks, financial institutions and government agencies who are very motivated to see these properties sell to investors. The majority of these properties are priced below market value. Don’t miss this special opportunity to buy homes at wholesale prices! In addit… ion to this property, 12 other properties are scheduled for sale at this same Foreclosure Sale. In our online auctions and live Foreclosure Sales, Auction.com currently has 1 properties scheduled for sale in Dallas County and 493 throughout Alabama. All properties and sale details can be found with a simple search at Auction.com. Create a FREE account today to find more properties like this one, save searches of properties that meet your investment criteria and have the properties you’re looking for emailed directly to you when posted in an upcoming sale event. To view the complete details of this exact property, click the Auction.com link below or paste the Property ID 2373479 into the search bar at Auction.com

2,164 sqft Home for sale – Selma, Alabama

Single-Family Home; Lot Size: 0.72 acres; Built in 1984; 2,164 sqft;

Investor opportunity! This property is being offered at Public Auction on 05-19-2017. Visit Auction.com now to see the Estimated Opening Bid, additional photos, Property Reports with Title information, Plat maps and Interior Inspection Reports when available. Auction.com markets Foreclosure Sale properties throughout Alabama for banks, financial institutions and government agencies who are very motivated to see these properties sell to investors. The majority of these properties are priced below market value. Don’t miss this special opportunity to buy homes at wholesale prices! In addit… ion to this property, 12 other properties are scheduled for sale at this same Foreclosure Sale. In our online auctions and live Foreclosure Sales, Auction.com currently has 1 properties scheduled for sale in Dallas County and 493 throughout Alabama. All properties and sale details can be found with a simple search at Auction.com. Create a FREE account today to find more properties like this one, save searches of properties that meet your investment criteria and have the properties you’re looking for emailed directly to you when posted in an upcoming sale event. To view the complete details of this exact property, click the Auction.com link below or paste the Property ID 2373479 into the search bar at Auction.com

2,164 sqft Home for sale – Selma, Alabama

Single-Family Home; Lot Size: 0.72 acres; Built in 1984; 2,164 sqft;

Investor opportunity! This property is being offered at Public Auction on 05-19-2017. Visit Auction.com now to see the Estimated Opening Bid, additional photos, Property Reports with Title information, Plat maps and Interior Inspection Reports when available. Auction.com markets Foreclosure Sale properties throughout Alabama for banks, financial institutions and government agencies who are very motivated to see these properties sell to investors. The majority of these properties are priced below market value. Don’t miss this special opportunity to buy homes at wholesale prices! In addit… ion to this property, 12 other properties are scheduled for sale at this same Foreclosure Sale. In our online auctions and live Foreclosure Sales, Auction.com currently has 1 properties scheduled for sale in Dallas County and 493 throughout Alabama. All properties and sale details can be found with a simple search at Auction.com. Create a FREE account today to find more properties like this one, save searches of properties that meet your investment criteria and have the properties you’re looking for emailed directly to you when posted in an upcoming sale event. To view the complete details of this exact property, click the Auction.com link below or paste the Property ID 2373479 into the search bar at Auction.com

5 Bedrooms, 3 full, 1 partial Bathrooms, 4,718 sqft Home for sale – Troy, Michigan

5 Bedrooms; 3 full, 1 partial Bathrooms; Single-Family Home; Refrigerator; Dishwasher; Air Conditioning; Fireplace; Porch; Deck; Parking: other; Colonial Architecture; Roof: Asphalt; Jetted Bath Tub; Basement; Lot Size: 0.31 acres; Built in 1989; 4,718 sqft;

One of the best settings in Northwest Troy. Cul-De-Sac location with River Views! Oak foyer entry opens to dining room with bay window with private backyard views. Expansive living room boasts marble surround fireplace and dual bay windows, also with private backyard views. Generous island kitchen with Sub Zero Frig, GE Profile Double Ovens, nook with door wall to 2017 installed cedar deck a perfect area to enjoy your morning coffee or an evening beverage. Volume ceiling family room with cozy fireplace and an abundance of windows for natural light and private backyard views. Private 1st… floor study with oak flooring. 5 generous second floor bedrooms. Master suite with large bay window reading area, dual walk in closets,. Fashion master bath featuring jetted tub in bay window, over sized shower. Guest bedroom with private bath, main bathroom feature both shower and soaking tub. Extra deep walk-out basement with fireplace is ready for your finishing touch. Schroeder, Boulan, Troy High.

5 Bedrooms, 3 full, 1 partial Bathrooms, 4,718 sqft Home for sale – Troy, Michigan

5 Bedrooms; 3 full, 1 partial Bathrooms; Single-Family Home; Refrigerator; Dishwasher; Air Conditioning; Fireplace; Porch; Deck; Parking: other; Colonial Architecture; Roof: Asphalt; Jetted Bath Tub; Basement; Lot Size: 0.31 acres; Built in 1989; 4,718 sqft;

One of the best settings in Northwest Troy. Cul-De-Sac location with River Views! Oak foyer entry opens to dining room with bay window with private backyard views. Expansive living room boasts marble surround fireplace and dual bay windows, also with private backyard views. Generous island kitchen with Sub Zero Frig, GE Profile Double Ovens, nook with door wall to 2017 installed cedar deck a perfect area to enjoy your morning coffee or an evening beverage. Volume ceiling family room with cozy fireplace and an abundance of windows for natural light and private backyard views. Private 1st… floor study with oak flooring. 5 generous second floor bedrooms. Master suite with large bay window reading area, dual walk in closets,. Fashion master bath featuring jetted tub in bay window, over sized shower. Guest bedroom with private bath, main bathroom feature both shower and soaking tub. Extra deep walk-out basement with fireplace is ready for your finishing touch. Schroeder, Boulan, Troy High.