Ethiopia, which in 2015 surpassed Kenya as the fourth-largest economy in sub-Saharan Africa, has emerged to become Africa’s second-biggest flower exporter. In 2015, Ethiopia produced 50,000 metric tons of flowers with a market share valued at $200 million, according to … Continue reading →
Germany has outpaced the UK to become Europe’s most active commercial real estate market. In 2016, about $63.5 billion in commercial property traded hands in Germany compared to about $60.9 billion in the UK, according to MarketWatch (citing data from … Continue reading →
Russian interest in Miami real estate has increased since the U.S. presidential election, according to a CNBC report. On miamire.com, the official website of the Miami Association of Realtors, searches originating from Russia topped the list of international interest in … Continue reading →
In an effort to curtail foreign property owners from leaving their apartments vacant for much of the year, the Paris city council is expected to adopt a measure on Monday that would triple, from 20 percent to 60 percent, the … Continue reading →
Starting January 1, 2017, Chinese citizens have to report the purpose of their currency purchases to the State Administration of Foreign Exchange (SAFE), the country’s foreign exchange regulator. For several years, Chinese citizens have been limited to transferring up to … Continue reading →
About 34,000 deeds for home purchases and sales in Buenos Aires were notarized during the first ten months of 2016. This figure is 12 percent higher than 2015 and the highest since 2012, according to Reuters (citing College of Notaries … Continue reading →
The Russian central bank predicts that GDP will contract by 0.5 to 0.7 percent this year and grow by 0.5 to 1 per cent in 2017, according to The Financial Times. Inflation is expected to drop from about Since, the … Continue reading →
Real estate investment in Vietnam increased by 12 percent this year, compared with the year before, according to Forbes. Vietnam’s economy is growing by 6.4 percent with relocation of industry from China into Vietnam being one of the factors for … Continue reading →
Norges Bank Real Estate Management purchased the Paris property Vendôme Saint-Honoré for $1.05 billion on December 16. The seller, Trajan Luxembourg S.a.r.l and Trajan Luxembourg II S.a.r.l (both controlled by Irish businessmen John Magnier and JP McManus) reportedly purchased the … Continue reading →
According to The Telegraph (citing data from the Organization for Economic Cooperation and Development (OECD)), property taxes, as a share of total taxation are higher in the UK than anywhere else in the developed world, accounting for 12.7 percent of … Continue reading →