Estate agents “Sold” and “For Sale” signs outside residential properties in the Maida Vale district of London, UK, on Thursday, June 30, 2022. Bloomberg | Bloomberg | Getty Images Demand for U.K. residential properties has nearly halved following September’s government budget that spooked financial markets and toppled the prime minister, research Monday showed. The fiscal
Real Estate
According to recent data, some of the primary rental trends associated with the Covid-19 pandemic are beginning to reverse. That’s one of the major findings of the recently-released November Rent Report from Zumper. The report found fears of a recession, along with declining occupancy rates, are being reflected in rental prices, especially in regions that
According to the National Travel and Tourism Office at the United States Department of Commerce, Mexico is by far America’s favorite travel destination. A study completed in 2020 showed that 39.3 million Americans visited their neighbor to the south compared to the second-most popular destination, Canada, which was seen by 15 million U.S. residents. With
Housing under construction in Atlanta, Georgia, on Sunday, Nov. 13, 2022. Elijah Nouvelage | Bloomberg | Getty Images Home sales have dropped for nine straight months, driven by surging mortgage rates, and now investors are pulling back even more than traditional homebuyers. Investor home purchases dropped just over 30% in the third quarter of this
Tycoon Gordon Tang and his wife Celine are proposing to take Chip Eng Seng private in a deal that values the Singapore-listed property and construction company at $565 million ($412 million). The couple’s Tang Dynasty Treasure offered to buy the rest of Chip Eng Seng for S$0.72 a share, according to regulatory filings on Thursday.
Mortgage applications rose 2.2% last week compared with the previous week, prompted by a slight decline in interest rates, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinance applications, which are usually most sensitive to weekly rate moves, rose 2% for the week but were still 86% lower than the same week one year
A beautifully designed kitchen is essential for several reasons. Primarily, it is the space where we spend the most amount of time with family, cooking, eating, or even working. It’s also important to keep in mind that the right kitchen can add to the resale value of a home. While all-white and farmhouse-style kitchens have
Germany’s central bank is predicting a slowdown but no significant correction in the country’s property market despite warnings of overvaluation, according to a report published Thursday. Claudia Buch, vice president of the Bundesbank, told CNBC’s Joumanna Bercetche: “We do see a slowdown in the price growth for residential real estate, but it’s not that the
As technology has evolved, the resident experience within multifamily communities has concomitantly grown ever more convenient, health-enhancing and efficient. Technology-infused amenities and interactive package and delivery rooms, as well as HoT, or Home of Things — among other technology breakthroughs — all herald greater comfort and satisfaction for apartment and condominium residents in 2023 and
Hidden deep below some of New York City’s most luxurious apartment buildings is an exclusive world of futuristic parking spaces where high-end vehicles are parked and retrieved by robotic parking systems. The high-tech spots are a rare amenity in the Big Apple, and if you want your car to occupy one of these VIP spaces
Litigation between disgruntled partners or disgruntled members of a limited liability company often turns very nasty—and very expensive—very fast. Once the litigation is resolved, the victor has probably spent far more on legal fees than it ever expected to. Regardless, it will typically want to recover those fees from the loser. That’s not always so
In this article BTC.CM= FTT.CM= Follow your favorite stocksCREATE FREE ACCOUNT The logo of FTX is seen on a flag at the entrance of the FTX Arena in Miami, Florida, November 12, 2022. Marco Bello | Reuters Corporate funds were used to purchase homes in the Bahamas and “personal items” in the name of employees
Famously known as “the city that never sleeps,” New York City brims with folks who burn the candle at both ends. For many, morning time coffees and evening tide cocktails are the fuels that keep them going. That could be why luxury buildings with the best coffee shops and cocktail bars tend to grab an
China’s housing prices fell in October due primarily to falling prices in less developed, so-called Tier-3 cities, according to Goldman Sachs analysis of official data. Future Publishing | Future Publishing | Getty Images BEIJING — China’s real estate sector isn’t yet poised for a quick recovery, despite a rally this month in stocks of major
The popularity of QR codes have seen many ups and downs over the course of its almost 30-year existence, but with the need for contact-less menus and transactions during the pandemic, barcode technology is coming back in a big way. From 2018-2020, QR code usage has increased by 96% and many of the top real
Home sales declined for the ninth straight month in October, as higher interest rates and surging inflation kept buyers on the sidelines. Sales of previously owned homes dropped 5.9% from September to October, according to the National Association of Realtors. That is the slowest pace since December 2011, with the exception of a very brief
Seated around their kitchen island, Barron N. Hilton and Tessa Hilton pop corks on stylish bottles of Casa Del Sol Tequila. The Sherman Oaks, California, couple are investors in the brand, used to enliven estate events they produce. First up: Blanco, with its hints of mint, spice and caramel; Reposado, offering up raisin, honey and
Peathegee Inc It’s no secret that it’s a tough market for prospective home buyers. In October, U.S. buyers needed to earn $107,281 to afford the median monthly mortgage payment of $2,682 for a “typical home,” Redfin reported this week. That’s 45.6% higher than the $73,668 yearly income needed to cover the median mortgage payment 12
Our crazy, volatile house prices hurt first-home buyers who buy near the top of the market and last-home sellers who have to sell near the bottom of the market. Millennial first-home buyers who bought at the top of the recent boom will be hurt the most by falling house prices but those aging Boomers who
A “Now Leasing” sign is displayed in front of an apartment complex in Washington, DC, on January 24, 2022. Stefani Reynolds | AFP | Getty Images The red-hot rental market is finally starting to cool off along with the rest of housing. Rents are still higher than they were a year ago, but the gains
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