Last year, home prices Dubai and Abu Dhabi increased by 24 percent and 21 percent respectively – among the highest rates of increase in the world. Average rental yields in Dubai and Abu Dhabi are below the historical averages by … Continue reading →
Hong Kong, London, Moscow, Singapore and New York account for 40 percent ($2.2 trillion), of all global UHNWI (ultra-high-net-worth-individuals) real estate holdings, according to Savills. Hong Kong tops the list with $798bn followed by London ($676bn). As real estate prices … Continue reading →
Capitol Real Estate Development recently secured a $5 million loan to begin construction on Phase I of a housing development in DC’s Congress Heights neighborhood. This phase includes 26 homes with prices ranging between $240,000 and $360,000 and is expected … Continue reading →
Hong Kong Disneyland will spend US$550 million to build a 750-room hotel, increasing the total number of hotel rooms at the resort by 75 percent. The “exotic locations” themed hotel is expected to open in 2017. The are currently two … Continue reading →
Retail real estate developer/owner Edens Investment Trust recently closed a $1.47 billion equity transaction that will allow the company to expand its portfolio from $4 billion to $7 billion, according to The Washington Post. Blackstone Group bought out the State … Continue reading →
Residential building permits are being issued at their fastest pace since June 2008. Recent U.S. Commerce Department data shows a 15 percent surge in multifamily permits nationwide with about one in three building permits issued this year being for the … Continue reading →
Demand for commercial property is on the rise in Accra due in part to Ghana’s burgeoning oil industry. The average retail rent in Accra increased by 50 percent over the past year to about $5.60/sf, compared to $2.88/sf in Namibia … Continue reading →
In response to rising demand, many town house office buildings in central London are being converted back into residential properties. The average cost of a home in London has increased by nine percent in the year to September and is … Continue reading →
The MTA is selling a 550,000sf site in the Pelham Gardens area of Bronx to a partnership of Grid Properties and Gotham Organization for $30.5 million,
Continue reading →The European Court of Justice (ECJ) delivered a victory to Spanish mortgage holders by striking down a law that proscribed Spanish courts from halting evictions even if the fairness of the mortgage agreement was in dispute. The court noted that … Continue reading →