Five years after the housing recovery began, 5.9 million borrowers still owe more on their mortgages than their homes are worth. The so-called negative equity rate in the U.S. is falling, now at 12 percent of all mortgaged homeowners, according to Zillow, down from more than 14 percent a year ... Read More »
The push toward urban living is pushing the envelope for real estate developers, forcing them to become more creative with the space they have. That means squeezing taller buildings into slimmer spaces, multiplying the housing stock with micro-units and taking living space over the top — literally. Roof decks are ... Read More »
The Mumbai Metropolitan Region (MMR), a key property market, will see fewer project launches and land deals in the year ahead due to confusion over new development rules, a ban on new construction and poor preparedness for the new real estate law, builders and consultants said. The expected decline in ... Read More »
By the time it broke ground in March, Residences by Armani/Casa, a new condominium underway in Miami’s Sunny Isles Beach, already had more than 65 percent of its 308 units under contract. The planned 56-story tower, where prices range from about $2 million to more than $15 million, will include ... Read More »
Millionaires and billionaires tend to have multiple homes—three or four is average. But those figures are child’s play for a bona fide house collector, who collects property like others amass fine wine. Photo: Lisa Corson for The Wall Street Journal [Source: Wall Street Journal] Read More »
NEW DELHI: Embattled real estate firm Unitech Ltd was today directed by the Supreme Court to deposit Rs 15 crore principal amount by September-end to pay back investors who had bought flats in its Gurgaon project but not got possession on time. “We feel pained,” a bench of Justices Dipak ... Read More »
This month, the Benami Transactions (Prohibition) Amendment Act, 2016 was notified. It intends to route unaccounted money into the financial system, and seize benami properties while prosecuting those involved with such properties. Its objective are: amending the definition of benami transactions, establishing adjudicating authorities and setting up an appellate tribunal ... Read More »
The volume of real estate investments in Romania reached EUR 359 million in the first six months of this year, three times higher compared to the same period last year. It was one of the highest levels of investment in real estate in the last six years, according to a ... Read More »
Especially in the U.S. Chinese invested $16.1 billion in overseas real estate in the first half of the year, more than double the amount in the same period last year, real estate consultancy CBRE said on Thursday. The United States remained the most popular globalproperty market for Chinese investors, while ... Read More »
Online real estate portals are working on a rating system for brokers to enhance user experience and bring more accountability into the dealer community. While Makaan.com (Elara Technologies Pte Ltd) has already introduced such a system, Quikr.com (Quikr India Pvt. Ltd) has a basic user rating option and is planning ... Read More »
Labour has pledged to reintroduce student maintenance grants and the educational maintenance allowance – both scrapped by Conservative-led governments – if it returns to power. The party said that reintroducing grants for poorer students would be an “investment” and would be paid for by increasing corporation tax “by less than ... Read More »
Hyderabad residential and commercial real estate markets are on revival path and the city is expected to show more growth on the back of government’s infrastructure steps and policy moves. A report by realty consultant JLL said that sales in residential realty market in the city is likely to pick ... Read More »
