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.
Saudi Arabia: Saudi Arabia to transfer Riyadh finance district project to PIF
Saudi Arabia is to transfer ownership of Riyadh's floundering King Abdullah Financial District to the Public Investment Fund (PIF) from the Public Pension Agency (PPA), according to four sources aware of the matter. Read more on: www.arabianbusiness.com ...
Read more.Japan: Japan’s tallest and biggest residential project planned for Shinjuku
Nomura Real Estate Development, Tokyo Tatemono and two other developers are preparing to embark on one of Japan’s largest residential developments. Two 235-meter tall, 65-storey apartment buildings are planned for a site on the edge of Shinjuku’s bustling business district. The two towers will contain a total of 3,200 apartments. Read more on: ...
Read more.Egypt: Egypt’s Palm Hills posts 43% profit drop
Egypt's Palm Hills Development Company's first-quarter net profit dropped by more than 40 percent year on year to 105 million Egyptian pounds ($11.82 million), the real estate company said in a bourse statement on Monday. Read more on: www.zawya.com ...
Read more.Africa: New $68m Shopping Mall for Abuja
Abuja — Construction has began in Nigeria's capital city of Abuja on a new $68 million shopping centre, Novare Gateway Mall, scheduled to open during the third quarter of 2017. Read more on: www.africapropertynews.com ...
Read more.UK: Mapped: Where are the property bargains? The areas where asking prices are being slashed
Nearly a third of houses have had their asking prices reduced since being put up for sale, in a sign that the feverish property market is finally starting to cool down. Read more on: www.telegraph.co.uk ...
Read more.Abu Dhabi: Abu Dhabi’s Aldar Properties Q1 net profit gains 14%
Abu Dhabi's Aldar Properties reported a 14.1 percent rise in first-quarter net profit on Tuesday, maintaining its run of improving earnings. Read more on: www.arabianbusiness.com ...
Read more.Vancouver: ‘We’re not realtors!’ Former ‘wholesaler’ reveals hidden dark side of Vancouver’s red-hot real estate market
Vancouver’s real estate market has been very good to Amanda. She’s not a licensed realtor, but buying and selling property is her full-time job. Read more on: news.nationalpost.com ...
Read more.Africa: Africa’s Millionaires: Mauritius and Ethiopia Top the List
As part of the Africa 2016 Wealth Report, research company New World Wealth reviewed the fastest growing African countries for millionaires over the eight-year period between the end of 2007 - the peak before the financial crisis - and the end of 2015. Read more on: www.property24.com ...
Read more.Canada: Thought this market was done? Think again
Investors may have written off this busy housing market, but new data suggests those who put their money in it will likely earn major profits. Read more on: www.canadianrealestatemagazine.ca ...
Read more.India: Residential Prices May Rise 6% In Mumbai In 2016: Report
Mumbai: As the demand in the residential real estate market continues to remain subdued, the average price appreciation in the megapolis is expected to be nearly 6 per cent in 2016, a study said. Read more on: www.profit.ndtv.com ...
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