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.
Australia: Damage to beachfront homes in Collaroy will have wider effect on property market, expert warns
"Sydney storm: City starts to count the costs of weekend destruction Waterfront homes ‘at risk’ within the next 30 years, experts warn Sydney storms: Narrabeen-Collaroy teetering houses ‘an accident waiting to happen’ While severe storms and a king tide have inflicted immediate damage to a strip of million-dollar houses with front row seats to Sydney’s Collaroy Beach, the effect on the property market will be widespread, experts say." Read more on: ...
Read more.Canada: Brokers best positioned to help clients navigate through the market
"Aside from ensuring that a sale goes smoothly, the broker fulfills the crucial duty of guiding would-be buyers through Canada’s complex and rapidly-changing housing market in the first place. As discussed by the Guelph Mercury staff in a recent piece published on their website, a real estate broker is uniquely positioned to assist “with all the details, including buying rules and the best neighbourhoods to choose in her key markets.”" Read more on:...
Read more.Singapore: Harbour View Gardens up for collective sale
"Owners at Harbour View Gardens in Pasir Panjang are hoping to make it second time lucky, after launching the project for collective sale at about $34 million yesterday. About three years ago, the proposed sale of the site to Roxy-Pacific Holdings for $33 million was blocked by the High Court, and the decision was upheld by the Court of Appeal." Read more on: ...
Read more.USA: Saudi Prince Alwaleed bin Talal puts Four Seasons Toronto up for sale – sources
"TORONTO (REUTERS) - The Four Seasons Toronto, a luxury hotel in the city's downtown, is up for sale and could fetch as much as C$250 million (S$264 million), in what would be one of the most-expensive deals ever for a hotel in Canada, two sources familiar with the process said. The hotel belongs to Kingdom Holding Co, an investment group owned by Saudi billionaire Prince Alwaleed bin Talal." Read more on: ...
Read more.UAE: Dubai sees ‘clear trend’ of plateau in real estate prices in May
"Dubai's real estate sector saw a ""clear trend"" of a plateau in prices during May, signalling further signs of a bottoming out in the market, a new report said on Monday. The May 2016 ValuStrat Price Index (VPI) said it also witnessed minor price uplifts and notable increased transaction volumes in several locations during last month." Read more on: ...
Read more.UAE: Union Properties inks $79m Oia financing deal
"Union Properties (UP) has signed a $79m (AED290m) project finance facility for the construction of its $123 million (AED450m) Oia Residence project in Motor City. Ajman Bank and National Bank of Ras Al-Khaimah acted as joint lead managers, Alpen Capital (ME) Limited - the sole financial advisor on the transaction - said in a statement." Read more on: ...
Read more.Australia: Property experts expect up to 10 per cent house price growth by 2020
"Sydney’s prices have peaked: When will they boom again? Melbourne is the country’s most overvalued market: CoreLogic-Moody’s Analytics Brisbane housing market’s disappointing start to the year Despite fears of an oversupply of apartments in some markets and years of property price growth in Sydney and Melbourne, most experts expect property prices to continue to rise over the next four years, a new survey has found." Read...
Read more.South Africa: Avoid rental scams
The emergence of new rental scams, where potential renters pay deposits to a middleman who then disappears with their money, highlights the importance for both renters and landlords to work with a professional rental agent, says Chris Renecle, MD of Renprop. Renecle says the scammers market legitimate properties that they copy from popular property listing websites and place on other well known and widely u...
Read more.USA: Chinese luxury real estate investments leaving the ‘golden age,’ broker says
"As the Chinese economy is in the midst of a transition, so too, is America's luxury real estate market, a top broker told CNBC. Chinese investors in U.S. real estate have shifted away from ""golden-age"" trophy properties and toward ""silver"" level properties near good school systems, Jacky Teplitzky of Douglas Elliman told CNBC's ""Power Lunch.""" Read more on: ...
Read more.Portugal: Airbnb finds open doors in Lisbon after Berlin, Barcelona shy away
"On his way to work, Lisbon mayor Fernando Medina likes to count the dwindling number of empty buildings. Thanks to a tourism and real estate boom, many are being converted into trendy apartments that cater to the growing number of visitors to the city." Read more on: www.scmp.com ...
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