Lustica Bay, Montenegro’s €1.1bn regeneration project, is set to transform property values in the area April 30, 2018 In Montenegro, legend has it, the island of Our Lady of the Rocks was built up from nothing over centuries by fishermen laying a boulder at the site after every successful catch. Lustica Bay, Montenegro, from €297,000 For sheer force of will, the huge development taking place at nearby Lustica Bay must surely be the [...]
Record-breaking Chinese tourists in the UK inspires schemes to continue the momentum March 13, 2018 The UK is trying to build on its momentum of record-breaking Chinese visitors — and money — into the country. Nearly 532,000 visitor visas for the UK were issued to Chinese residents last year, and Global Blue, a tourism tax refund company, found that Chinese visitors accounted for 25 per cent of all the tax-free [...]
The digital nomads: How to pack a suitcase and start a new life working from abroad January 25, 2018 Who among us hasn’t dreamed of jacking in their day job to trade forex from a laptop in Malibu or open a beach bar in Thailand? You might have read The 4-Hour Work Week by Tim Ferriss and asked why you haven’t yet “escaped the nine-to-five to live anywhere and join the new rich”. I [...]
Holiday Homes in Porto, Portugal: We scout out the bargains October 20, 2017 The snaking queues of tourists outside Porto’s 19th century Livraria Lello bookstore are not people seeking a good read. They’re tourists wanting to glimpse the second floor café where JK Rowling wrote Harry Potter and the Philosopher’s Stone while raising her daughter and teaching English in the City. Potter fans believe the shop’s spiral art [...]
Why Paris is on the up: tourism, transport and Brexit September 21, 2017 As Global Cities bloggers and property investors, we track a whole range of factors when compiling the Schroders Global Cities index. Strong tourism and improving transport links are among the essential ingredients for improving a city’s prospects and therefore its attraction to commercial real estate investors. Paris, ranked 16th in the index, is worthy of [...]
EU considers new taxes as it scratches its head over the budget funding shortfall from Brexit June 28, 2017 The European Commission is considering new taxes for EU members to fill the funding gap that will emerge when the UK exits the bloc. The UK was the second largest net contributor to the EU budget in 2015, providing £12bn. Read more: Carney: Tighter policy needed if businesses look through Brexit uncertainty When the UK [...]
Brexit will be a huge challenge for London – but our best days still lie ahead | City A.M. March 28, 2017 Today London mayor Sadiq Khan visits Paris on his shortened tour through continental Europe, just a day before the government invokes Article 50. As the mayor passes through the French capital, it will send an important and timely signal that London remains committed to openness, engagement and internationalism. London has a glorious past, a dynamic [...]
Eurotunnel profits rocket as boss hails “best year in our history” March 1, 2017 Groupe Eurotunnel, the owner of the Channel Tunnel, has announced its "best year" ever as profits shot up, despite Eurostar passenger numbers being "badly affected" by terrorist attacks in Paris, Brussels and Nice. Read more: Records fall as Eurotunnel keeps on truckin' The figures Net consolidated profits were €200m for the year, compared to €75m for 2015. [...]
Netflix and Hills: how streaming services are moving in on Hollywood real estate February 20, 2017 The Schroders Global Cities Index ranks the fastest growing urban economies in the world. We write about our favourite cities on the Global Cities Blog. With Netflix having just committed to an office spanning 25 acres in Hollywood, we explain why we like LA. Sitting at number six in the Global Cities Index, we rate Los [...]
More tourists came to the UK in 2016 than ever before February 17, 2017 No, it's not your imagination – there were more tourists visiting the UK than ever before in 2016. Last year, a record-breaking 37.3m inbound visitors filled the streets of Britain, up three per cent from 2015 and even more than the predicted number of 36.7m, VisitBritain's latest figures show. The numbers point to strong growth from North America. [...]