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.
USA: Boston Office Market Regains Footing in Q2
According to a new report from Transwestern, the Greater Boston office market -- which had a slow start to the year -- closed the second quarter in positive territory. Read more on: ...
Read more.Netherlands: NSI acquires the office property ‘Glass House’ in Amsterdam (NL)
NSI N.V. acquired office property “Glass House” at the Teleportboulevard 121-133 in Amsterdam. The property of approimately 23,000m² is strategically located next to train station Amsterdam Sloterdijk and is fully leased to KPN. The acquisition perfectly fits the asset rotation strategy of NSI, geared towards increasing the quality of the portfolio at fundamentally solid office locations. The acquisition price of €57m (excluding purchasing costs) reflects a gross initi...
Read more.South Africa: Hotel assets attract investor interest
The hospitality sector is poised for significant growth because of strong interest in local hotel assets, says global hospitality consulting and services group HVS. Read more on: www.bizcommunity.com ...
Read more.USA: U.S. Mortgage Rates Near Record Low in Mid-July, Says Freddie Mac
According to Freddie Mac's latest Primary Mortgage Market Survey for Mid-July, the average fixed mortgage rate held steady with the 30-year fixed-rate mortgage remaining near its all-time record low of 3.31 percent in November of 2012. Read more on: ...
Read more.Canada: Investor unperturbed by falling rental rates
Despite sobering stats on the condo rental market in Toronto, one veteran investor is still bullish on prospects within Canada’s largest city. Read more on: www.canadianrealestatemagazine.ca ...
Read more.Australia: Melbourne suburbs where rents have grown the fastest
While many tenants across Melbourne breathed a sigh of relief after rents remained steady last quarter, renters in some pockets faced double-digit rate rises over the past year. Read more on: www.domain.com.au ...
Read more.UK: Indian billionaire’s scion cheers Brexit in hunt for London home
Adar Poonawalla wants to take advantage of two products of the pound’s plunge and concern that London’s luxury-property market will crash Toronto: Two years ago, Adar Poonawalla failed in a bid to turn London’s historic Grosvenor House Hotel into his family’s second home. Now he’s on the lookout for a con...
Read more.UAE: DLD to look at stimulating affordable housing development in Dubai
Dubai Land Department (DLD) is undertaking a study on how to develop the emirate’s affordable housing sector and is expected to make policy recommendations this year. Read more on: www.arabianbusiness.com ...
Read more.UK: PING AN BAILS OUT WANDA’S LONDON PROJECT WITH $660M LOAN
A stalled $1 billion London project planned by China’s Dalian Wanda Group has received timely financing after the Chinese developer’s plans suffered recent setbacks including a plunge in local property sales and having the Anglo-Chinese joint venture selected to build the landmark tower walk away from the deal in April. Read more on: ...
Read more.Canada: Royal LePage projects 12.4% price growth by year’s end
In its latest study, Canadian real estate franchiser Royal LePage predicted a staggering increase in Vancouver and Toronto home prices as well as sounded the alarm on the dangers of speculation in the two cities. Read more on: www.canadianrealestate...
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