Global Real Estate News
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Keep abreast of the latest global real estate news across 7 continents that impacts on your business.
Homefront: ‘how can a buyer ensure banks don’t undervalue an off-plan property?’
In the current market I have heard of some newly completed properties being valued by UAE banks at approximately 12.5 per cent less than their original purchase value. The banks will only mortgage 75 per cent of the valued property value. So, how can a buyer ensure the bank appr...
Read more.Exclusive – Foreign government leases at Trump World Tower stir more emoluments concerns
WASHINGTON (Reuters) - The U.S. State Department allowed seven foreign governments to rent luxury condominiums in New York’s Trump World Tower in 2017 without approval from Congress, according to documents and people familiar with the leases, in what some experts say could be a potential violation of the U.S. Constitution’s emoluments clause. The 90-story Manhattan building, part of the real estate empire of Donald Trump, had housed diplomats and foreign offi...
Read more.Brexit uncertainty could draw more attention to Dubai real estate market
As the UK continues to be stuck in the limbo of Brexit, the real estate market in Dubai is seeing new international investments pour in. Global investors have long been considering London and some other parts of UK as a “Safe Haven” for real...
Read more.Top 10 Malaysia Property Developers: A Complete Guide
The Petronas Twin Towers in Malaysia’s capital of Kuala Lumpur were once the world’s tallest buildings. Others since surpassed them. Yet merely taking a quick glance at these impressive structures makes Malaysia’s aptitude for property deve...
Read more.Saudi SAMA: Mortgage jumps 3 times in Q1 of 2019
The number of residential mortgage financing contracts for individuals during this quarter reached 31,462 with a total value of approximately $4.08bln The number of residential mortgage financing contracts for individuals during this quarter reached 31,462 w...
Read more.Indonesia 3rd President B.J. Habibie’s US$1B superblock in Batam Attracts Global Investors with the Launch of Luxury Erleseen Tower
(PT. Pollux Barelang Megasuperblok) As Batam conti1``5687nues to transform itself from a manufacturing center into a international property and tourism hub, international investors will be buoyed with the launch of the ultra-luxurious Erleseen Tower by PT Pollux Properti Indonesia Tbk (IJ:POLL). Boasting 385 units of 1, 2, and 3 bedroom units, the luxury penthouse collection will further enhance Batam’s reputation as a rising investment and tourism destinatio...
Read more.Saudi and Kuwaiti money returns to London property despite Brexit
Preliminary data for the first quarter has seen two transactions worth almost $171 million put Saudi Arabia and Kuwait back on the London commercial property investment leader board Taking into account the UK’s planned departure from the EU, Knight Frank expect...
Read more.In effort to create more affordable housing, New Orleans property tax relief bill clears Senate committee
In a boost to efforts to create more affordable housing in New Orleans, a Louisiana Senate committee on Monday cleared a ballot issue that could bring some tax relief to the city’s homeowners. The Senate Revenue and Fiscal Affairs Committee sent the measure to ...
Read more.Leading French firms sign new deals with Bahrain
Muscat: Coinciding with a major diplomatic visit by a royal delegation from Bahrain, leading French firms including aviation leader Thales, oil major Total, insurer AXA and leading asset managers Amundi and Tikehau Capital have on Tuesday signed MoUs and agreements worth more than half a bi...
Read more.Hong Kong’s March home prices rise at fastest pace in 2-1/2 years
Hong Kong’s private home prices, one of the world’s most expensive property markets, rose in March at their fastest pace since September 2016 on strong pent-up demand and improved sentiment. Read more on: https://gulfnews.com/business/property/risky-mortgages-on-the-rise-in-areas-most-vulnerable-to-brexit-1.2266527 ...
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