During the recent visit to the United Kingdom, the President of the United States announced to invest 150 million pounds in the Menie estate to build 450 bedrooms including 5-star hotels, houses, holiday homes and golf resorts. The plan has been submitted to Aberdeenshire Council to initially build 500 homes and lavish five-star hotels. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay One of the UK's largest alternative asset management firms is investing in warehouses in many cities as it targets online business growth. Warehouse rents continue to rise and rent forecasts are expected to grow, even for smaller warehouses. Korean asset management firm KKR – warehouse retailer invested $229.90 million in a UK business park, Black Country, Birmingham, from a US seller in July 2018. Sydney and Paris were ranked as the top cities to own a holiday home, followed by St. Lucia, Dubai and the Greek city, Hitachi Personal Finance's Santorini and Airbnb. In the Middle East, Dubai is one of the most expensive cities in terms of short-term rentals offering first-class facilities and hotels rated four stars or above. In January 2017, the rate in Dubai was high: $226, the fifth highest expensive place for short-term stays according to Bloomberg (BWACI) where one-night rentals can be more than those in New York, London, Sydney and Amsterdam , or exceed $200. Other expensive cities in the Middle East, in terms of short-term residence, are Kuwait and Riyadh. Santorini is one of the most profitable places to own a holiday home, while, in the UK, Bath offers rent of more than £2,000 a month, according to the report. Manchester is one of the key cities offering attractive investments in holiday homes. The latest data released by the Office for National Statistics finds that tourist numbers increased in 2017, where travelers donated up to £670 million to Manchester, and the second-placed city is Birmingham. Please note: this is just a sample. Get a custom article from our expert writers now. Get a custom essay In 2017, the number of foreign visitors was 10% more than the year before. Most visitors come from Europe and a significant number from North America. The place is also visited by Chinese visitors and tourists from Hong Kong. The airport, its football teams and musical heritage attract tourists to the city. According to the current asking price, property in Edinburgh is selling for at least 17% more than the asking price.