quares group - de tijd · quares group quality benelux > 80 7,0 innovation in real estate...
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AGENCY INVESTMENT MANAGEMENT CONSULTING 2
Quares Group
Quality Benelux > 80 7,0 Innovation in Real Estate Employees Million EUR
AGENCY INVESTMENT MANAGEMENT CONSULTING 3
Quares Group
AGENCY
(BE)
INVESTMENT
(BENELUX)
MANAGEMENT
(BENELUX)
CONSULTING
(BENELUX)
AGENCY INVESTMENT MANAGEMENT CONSULTING 4
Quares Group
AGENCY
(BE)
INVESTMENT
(BENELUX)
MANAGEMENT
(BENELUX)
CONSULTING
(BENELUX)
Offices
• Antwerp
• Mechelen
• St-Niklaas
AGENCY INVESTMENT MANAGEMENT CONSULTING 5
Quares Group
AGENCY
(BE)
INVESTMENT
(BENELUX)
MANAGEMENT
(BENELUX)
CONSULTING
(BENELUX)
Kapitaalstructu
ur
AGENCY INVESTMENT MANAGEMENT CONSULTING 6
Quares Group
AGENCY
(BE)
INVESTMENT
(BENELUX)
MANAGEMENT
(BENELUX)
CONSULTING
(BENELUX)
• 2nd largest
independant
Real Estate Manager
• 2 under
anageent
• 32 buildings
AGENCY INVESTMENT MANAGEMENT CONSULTING 7
Residential Market in Flanders – European perspective
10,4% of income related to housing
1. Available income
11,4% on European basis
GE / NL / UK > 15%
LUX < 7%
Available income Europe
AGENCY INVESTMENT MANAGEMENT CONSULTING 8
Residential Market in Flanders – European perspective
10,4% of income related to housing
1. Available income
11,4% on European basis
GE / NL / UK > 15%
LUX < 7%
Available income Europe
72 % Owner / 28% Tenant
2. Owner / Tenant
70 % Owner / 30% Tenant
GE > 45%
LUX < 28%
Owner / Tenant Europe
AGENCY INVESTMENT MANAGEMENT CONSULTING 9
Residential Market in Flanders – European perspective
10,4% of income related to housing
1. Available income
11,4% on European basis
GE / NL / UK > 15%
LUX < 7%
Available income Europe
72 % Owner / 28% Tenant
2. Owner / Tenant
70 % Owner / 30% Tenant
GE > 45%
LUX < 28%
Owner / Tenant Europe
124 m²
3. Average m²
94m² GE < 95m²
LUX > 130m²
Average m² Europe
AGENCY INVESTMENT MANAGEMENT CONSULTING 10
Economical situation in Belgium
• 261 blj. EUR on Belgian accounts De Belgische spaarboekjes dikken opnieuw aan. In december stond er
261,6 miljard euro op de boekjes. Dat blijkt uit de jongste statistieken van
de Nationale Bank.
• Return on saving account is historical low De grootbank KBC heeft de rente op spaarrekeningen gehalveerd van
0,10% naar 0,05%. De getrouwheidspremie van 0,10% blijft ongewijzigd
• Inflation today > 1,8%
• Decreasing buying power Er is een dalende koopkracht voor mensen die hun geld op de bank laten
staan.
• + 20% of mortgage credits for 2nd real estate
properties Van alle hypothecaire kredieten bij marktleider BNP Paribas Fortis is een
op de vijf bestemd voor de aankoop van een tweede pand. Barbara
Dewulf, projectmanager woonkredieten bij BNP Paribas Fortis.
AGENCY INVESTMENT MANAGEMENT CONSULTING 11
Residential Market in Belgium
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Evolutie prijzen tov inflatie
woningen app INFLATIE
AGENCY INVESTMENT MANAGEMENT CONSULTING 12
Residential Market in Flanders
2004 2014 %
Appr. / Flats / Studio’s 129K 214K +66%
Houses 110K 215K +95%
Villas / landhouses 302K 355K +18%
1. Evolution of prices
AGENCY INVESTMENT MANAGEMENT CONSULTING 13
Residential Market in Flanders
2004 2014 %
Appr. / Flats / Studio’s 129K 214K +66%
Houses 110K 215K +95%
Villas / landhouses 302K 355K +18%
1. Evolution of prices
• Increasing flow to A & B cities
• Distinction between Occupier for their own compared to Occupier
for investment Yield or Emotion
• Important additional trends
• Smaller (costs, time, etc…) – lower surface for app. & houses
• Starterflats / co-housing / student flats
• Development in cities: nearby public transport
• new appartments (2016/2010: + 18%)
2. Trends
AGENCY INVESTMENT MANAGEMENT CONSULTING 14
Residential Market in Flanders
2004 2014 %
Appr. / Flats / Studio’s 129K 214K +66%
Houses 110K 215K +95%
Villas / landhouses 302K 355K +18%
1. Evolution of prices
• Increasing flow to A & B cities
• Distinction between Occupier for their own compared to Occupier
for investment Yield or Emotion
• Important additional trends
• Smaller (costs, time, etc…) – lower surface for app. & Houses
• Starterflats / co-housing / student flats
• Development in cities: nearby public transport
• new appartments (2016/2010: + 18%)
2. Trends 2. Survey
AGENCY INVESTMENT MANAGEMENT CONSULTING 15
Residential Market in Flanders - Antwerp
• Very ambitious projects Real Estate Projects
• Transformation programs for parts of city (‘t
Eilandje / Zuid)
Antwerp
2015 2016
Nr. transactions 4.275 4.906
Price 201K 198K
AGENCY INVESTMENT MANAGEMENT CONSULTING 16
Residential Market in Flanders - Gent
• Very low city escape
• Lower activity on development
• Appartments very expensive, higher than avg. in
Brussels & Antwerp
Gent
2015 2016
Nr. transactions 726 1.061
Price 259K 250K
AGENCY INVESTMENT MANAGEMENT CONSULTING 17
Residential Market in Flanders - Trends
1. Location – Location - Location
AGENCY INVESTMENT MANAGEMENT CONSULTING 18
Residential Market in Flanders - Trends
1. Location – Location - Location
Kissing is like Real Estate
The most important thing is
Location
Location
LOCATION
AGENCY INVESTMENT MANAGEMENT CONSULTING 19
Residential Market in Flanders - Trends
1. Location – Location - Location
2. Yield compared to Emotion
AGENCY INVESTMENT MANAGEMENT CONSULTING 20
Residential Market in Flanders - Trends
1. Location – Location - Location
2. Yield compared to Emotion
3. Changing trends
• Starterflats – Co-Housing - Studenthousing
• Flexibility
• Escape to the city City Development
AGENCY INVESTMENT MANAGEMENT CONSULTING 21
Residential Market in Flanders - Trends
1. Location – Location - Location
2. Yield compared to Emotion
3. Changing trends
• Starterflats – Co-Housing - Studenthousing
• Flexibility
• Escape to the city City Development
AGENCY INVESTMENT MANAGEMENT CONSULTING 22
Residential Market in Flanders - Trends
1. Location – Location - Location
2. Yield compared to Emotion
3. Changing trends
• Starterflats – Co-Housing - Studenthousing
• Flexibility
• Escape to the city City Development
4. Investment in Yield Make thorough
calculation
AGENCY INVESTMENT MANAGEMENT CONSULTING 23
Residential Market in Flanders - Trends
1. Location – Location - Location
2. Yield compared to Emotion
3. Changing trends
• Starterflats – Co-Housing - Studenthousing
• Flexibility
• Escape to the city City Development
4. Investment in Yield Make thorough
calculation
5. Investment in paper <-> investment in bricks