THE TOP 10 PROPERTY HOTSPOTS FUELLING PRIVATE JET RECOVERY

-As the global property industry gathers for MIPIM 2013, PrivateFly.com looks at the European property hotspots generating growth in the private aviation sector-
Travel to recognised European property hotspots is acting as a catalyst for recovery in the private aviation sector, according to analysis by PrivateFly.com. The private jet booking service has produced figures making a direct link between growth in the private aviation sector and flights by investors and property owners to popular real estate locations in Europe.
Adam Twidell, CEO of PrivateFly comments as follows: “Private aviation growth is increasingly fuelled by the real estate industry. The number of trips to key European property destinations on private jets has soared over the past year, an indication of the relative perceived safe haven of investing in bricks and mortar in the uncertain climate of the Eurozone.
“Our analysis takes Europe’s ten property hotspots for 2013, recently identified by PwC and Urban Land Institute, and compares them to growth destinations in private jet traffic*. The link is clear: All ten hotspots ranked in the top 1.5 per cent of Europe’s 3,000 busiest private jet airports in 2012. The ten hotspots are as follows:
1. PARIS

Why it’s a property hotspot: Global political and business hub; international tourism appeal as a retail centre

Airport: Paris Le Bourget, Europe’s busiest private jet airport, dedicated to private aviation

Private aviation flights in 2012: 48,600

Position: 1st out of 3,000 European airports

Average return flight cost from London: £4,000 on a Citation Mustang


2. LONDON

Why it’s a property hotspot: London is seen as ultimate safe haven for international property investors

Airport: London Luton is open 24hrs, and the capital’s most popular for private jets

Private aviation flights in 2012: 24,524

Position: 4th busiest out of 3,000 European airports

Average return flight cost from Moscow: £26,000 on a Hawker 800


3. ZURICH

Why it’s a property hotspot: Swiss franc widely perceived as a safe currency; business and retail appeal

Airport: Zurich

Private aviation flights in 2012: 22,070

Position: 5th busiest out of 3,000 European airports

Average return flight cost from London: £6,000 on a Citation Mustang


4. MOSCOW

Why it’s a property hotspot: Continued economic growth; hotspot for commercial real estate investors; demand for residential property in Moscow; billionaire capital of the world

Airport: Vnukovo is favoured for its dedicated private aviation efficiency, speed and exclusivity

Private aviation flights in 2012: 21,928

Position: 6th busiest out of 3,000 European airports

Average return flight cost from London: £26,000 on a Hawker 800
5. MUNICH

Why it’s a property hotspot: An expanding biotech industry; constrained property supply; combined with rapidly increasing tourism

Airport: Munich

Private aviation flights in 2012: 13,820

Position: 11th busiest out of 3,000 European airports

Average return flight cost from London: £6,000 on a Citation Mustang


6. BERLIN

Why it’s a property hotspot: Low to moderate transaction costs; Europe’s ‘Silicon Allee’ with 15,000+ tech companies; key cultural centre Airport: Berlin Schonefeld

Private aviation flights in 2012: 8,928

Position: 17th busiest out of 3,000 European airports

Average return flight cost from London: £6,000 on a Citation Mustang


7. ISTANBUL

Why it’s a property hotspot: Future investment; economic growth; young demographic; eased restrictions on foreign ownership

Airport: Istanbul Ataturk airport

Private aviation flights in 2012: 8,870

Position: 18th busiest out of 3,000 European airports

Average return flight cost from London: £21,000 on a Citation XL


8. HAMBURG

Why it’s a property hotspot: Germany’s 2nd largest city: considered a safe haven; global and domestic occupiers; office yields at lowest since 2002

Airport: Hamburg

Private aviation flights in 2012: 8,020

Position: 25th busiest out of 3,000 European airports

Average return flight cost from London: £5,000 on a Citation Mustang


9. WARSAW

Why it’s a property hotspot: Strong, post-transition economy; economic growth

Airport: Warsaw Chopin

Private aviation flights in 2012: 6,758

Position: 36th busiest out of 3,000 European airports

Average return flight cost from London: £11,500 on a Citation CJ2


10. STOCKHOLM

Why it’s a property hotspot: Population growth and migrant appeal; popular base for global brand headquarters; lack of restriction on foreign ownership

Airport: Stockholm Bromma

Private aviation flights in 2012: 6,220

Position: 44th busiest out of 3,000 European airports

Average return flight cost from London: £11,500 on a Citation CJ2


Twidell continued: “A significant and growing number of our clients have a link to the property industry, whether as a private investor; commercial real estate; or a second-home owner regularly travelling to their property. They choose private aviation because it offers the ability to get there more quickly, more directly and on a flexible schedule.
“This allows property investors to visit several sites across Europe and return the same day. And for second-home owners, there is great appeal in being able to travel more flexibly as a family group and directly year-round, rather than being at the mercy of seasonal airline schedules”.
-Ends-

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