U.K. real estate is beginning to shake from the Brexit earthquake. Investors are pulling money out of commercial property, and shares in housebuilding companies are falling fast. Three big asset management firms have halted trading in real estate investment funds in the last 24 hours, the latest sign of turmoil ... Read More »
NEW DELHI: Kochi will become a highly- preferred real estate destination in the country driven by various infrastructure development projects in the city, which has been included in the list of Smart Cities programme, says a report. “Kochi hits a six to become the next highly preferred real estate destination ... Read More »
NEW DELHI: A group of home buyers has claimed that the draft rules for the Real Estate (Regulation and Development) Act circulated by the government recently ignores the interest of buyers in ongoing housing projects and should be reconsidered. The group, under the banner ‘Fight for RERA,’ pointed out that ... Read More »
Sporting a Nehru jacket and addressing an audience that included Indian Prime Minister Narendra Modi, Adam Neumann made it clear he didn’t want his company to be thought of as a number. Even if that number was $16 billion. “For such a spiritual country, I’m surprised from the amount of ... Read More »
The Chinese government’s call to the nation to build an innovation-driven economy from the top down has sparked a rush by local governments to construct new buildings in the name of supporting creativity. Innovation centres have been popping up around China and are set to more than double to ... Read More »
U.S. housing starts slipped in May as the construction of multi-family housing units dropped, but further gains in building permits suggested a rebound that would continue to support economic growth in the second quarter. Groundbreaking fell 0.3 percent to a seasonally adjusted annual pace of 1.16 million units, the Commerce ... Read More »
The cost of food, clothing and transportation has only been inching up slowly in the last year, helping American households make ends meet. But for renters, the pressure on their paychecks keeps rising. The latest sign came from the government’s monthly report on the consumer price index, which breaks out ... Read More »
When a 4,000-square-foot space opened up at Town Center Corte Madera, an open-air shopping center near San Francisco, Colliers International had a choice. The brokerage firm could seek out another large tenant to fill the space, or divide it into two less-expensive locations that would be friendlier to small businesses. ... Read More »
British home prices will plummet if the United Kingdom votes to leave the European Union this week, billionaire investor Wilbur Ross said Tuesday. The bulk of WL Ross & Co.’s business in the U.K. is in mortgage lending. Ross sees a home price collapse hitting older Britons particularly hard. Older ... Read More »
The biggest complaint in the spring homebuying season was simply that there weren’t enough homes to buy. Demand is strong for housing, but listings are low and getting lower. That supply strain has put strong upward pressure on home prices in most markets, but apparently not in all markets, according ... Read More »
Another drop in mortgage interest rates, to their lowest level in three years, sent borrowers back to the bank to refinance home loans. Total mortgage application volume increased 2.9 percent last week on a seasonally adjusted basis from the previous week. Applications are now nearly 35 percent higher than one ... Read More »
A real estate agent shows a prospective buyer a home that is listed as a short sale as he shops for a house in Coral Gables, Florida. U.S. home resales rose in May to a more than nine-year high as improving supply increased choice for buyers, suggesting the economy remains ... Read More »
