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: Aria’s 171 Edward St skyscraper, featuring a golden clasp, set to get go ahead
IT’S SHAPE was inspired by an awards statuette, its choc-full of expensive retailers and encased by a giant golden clasp. If new buildings were accessories, Brisbane is about to give the green light to the luxury handbag of skyscrapers. Read more on: www.news.com.au...
Read more.UK: Mapped: European countries with the best buy-to-let income
Investors might be looking to increase their buy-to-let yields by searching for property outside London, but new research suggests the hunt should go well beyond British borders. Read more on: www.telegraph.co.uk ...
Read more.China: Chinese developer Country Garden investigating allegations its staff used faked documents in Guangxi project
Chinese property developer Country Garden said it is looking into allegations that some of its staff had faked documents to obtain a sales permit for a project in Guangxi province, adding the matter is “under investigation” by local police and will not affect the company sales. Read more on: www.scmp.com...
Read more.South Africa: Investing in Cyprus as ‘Plan B’
Cape Town - In South Africa, the demand for investing in a property in Cyprus has soared, according to CEO of Cypriot Realty, Jenny Ellinas. Read more on: www.fin24.com ...
Read more.UK: UK Right-to-Buy discounts strongly criticized
The UK government’s plan to extend Right-to-Buy discounts to 1.3 million housing association tenants in England has drawn strong criticism from Parliament's Public Accounts Committee (PAC). The committee has termed the plan as “entirely speculative” and said recently that increases in the value of discounts available under the policy “have increased the risk of abuse”. Read more on: ...
Read more.USA: Real estate stocks offer choice buying opportunities in volatile times
Real estate securities were an easy sell just two years ago, when they were the market’s top performers. In 2015, in anticipation of an interest rate hike in the U.S., however, many investors exited American real estate stocks – and yet the category still outperformed bonds and the broader market, gaining 3.2 per cent over the year. Read more on: ...
Read more.Qatar: Retaj Hotels signs hotel management contract in Doha
DOHA: Retaj Hotels & Hospitality signed a management agreement for a new luxurious 5-star resort in Doha, "Vichy Célestins Spa Hotel by Retaj" on Salwa Road near Aqua Park, featuring 168 Keys; 78 standard guestrooms and suites and 90 villas ranging from one to three bedrooms. Read more on: ...
Read more.UK: Average asking price for first-time buyer home jumps 6.2% in a month
Prices pushed up by ‘property drought’ caused by buy-to-let investors diving in before rise in stamp duty, claims Rightmove Read more on: www.theguardian.com ...
Read more.Hong Kong: Self-Storage Industry Enjoying Strong Growth in Asia
According to CBRE Asia's new industry report titled: Asia Self-Storage: Demographic Changes Drive Demand for Self-Storage Space in Asia, despite an uncertain economic environment in Asia, market demand and robust business activity mean self-storage activity is growing. CBRE terms these key demand drivers as the four Ds: Death, Divorce, Dislocation, and Density. Read more on: ...
Read more.Hong Kong: Singapore fund likes Hong Kong property
SC Capital Partners, a Singapore private equity real estate firm with US$1.2 billion in assets, said recent price declines make investing in Hong Kong property attractive. Read more on: www.businesstimes.com.sg ...
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