The Reserve Bank’s decision to keep key policy rates unchanged will lead to continuation of low interest rates on home loans and support ongoing recovery of housing demand, according to property developers and consultants. Welcoming the RBI policy, CREDAI President Harshvardhan Patodia said, the “RBI’s accommodative stance on keeping the ... Read More »
Technology is the second-worst-performing sector in the S&P 500 in the last week, with names such as Applied Materials, Nvidia, Adobeand PayPal among the group’s biggest losers in that time. Here’s what three market watchers said about tech stocks’ next move: Timothy Lesko, principal and partner at Granite Investment Advisors, said the recent downside isn’t ... Read More »
Shares of PC Jeweller skyrocketed nearly 44% Friday, extending its rally for the second straight session, as value buying continued at the counter. The stock soared 43.72% to end at Rs 174.55 on the BSE. Intra-day, it zoomed 48.41% to Rs 180.25. At the NSE, shares of the company rose ... Read More »
Chinese capital was responsible for 11 percent of all global cross-border real estate investments last year, second only to the United States (19 percent). Chinese capital accounted for USD 26.6 billion of cross-border real estate transactions last year, accounting for nearly 40 percent of all Asian capital invested. And also ... Read More »
Banks continued to tighten lending standards to commercial real estate loans in the third quarter, according to a Federal Reserve survey released Monday. The Fed survey of senior loan officers of 69 domestic banks and 21 foreign banks found standards were tightened on all types of commercial real estate loans. ... Read More »
Real Assets said it would continue the construction of its ’22 Bishopsgate’ project in London’s financial district, despite the uncertainty following Britain’s vote to leave the European Union. The real estate asset manager, a unit of AXA SA, said the project has a target completion date of 2019. Since the ... Read More »
Whole Foods sales continue to struggle with the company reporting its forth consecutive quarter of declining sales at stores open at least a year. Just a year since the grocer was accused of price-gouging, profits have dropped 22 percent from 2015 and sales, while growing overall 2 percent, were still ... Read More »
The lack of residences on the market, leading to price jumps and bidding wars, isn’t stopping buyers from closing on the homes of their dreams. In April, the number of existing homes sold shot up 4.9% year over year, to 471,000 purchases across the great U.S. of A., according to ... Read More »
