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China’s property crash is prompting banks to offer mortgages to 70-year-olds

China’s property crash is prompting banks to offer mortgages to 70-year-olds

by Third Party | Feb 18, 2023 | International Real Estate News, Real Estate News

Source: CNN Business —  The property market in China is so depressed that some banks are resorting to drastic measures, including allowing people to pay off mortgages until they are 95 years old. Some banks in the cities of Nanning, Hangzhou, Ningbo and Beijing...
Companies Plan Metaverse RE Development Connected to Real Cities

Companies Plan Metaverse RE Development Connected to Real Cities

by Rick Grant | Feb 18, 2023 | Industry Updates, International Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market

News out of London is that Web developers are hoping to strike it rich in real estate by connecting properties developed in Metaverse with real world cities. nChain, a developer of Web3 and Blockchain technologies, has formed a strategic alliance with Transmira Inc....
Ontario regulator warns real estate agents to watch for signs of fraudulent home sales

Ontario regulator warns real estate agents to watch for signs of fraudulent home sales

by Third Party | Feb 18, 2023 | International Real Estate News, Real Estate News

Source: CBC —  The body that regulates Ontario’s 100,000 real estate agents and brokers is urging them to be more vigilant when verifying the identity of a client, amid a wave of fraudulent home sales and mortgages in the Toronto area. The Real Estate...
Saudi Arabia’s Tourism Boosts Post-Covid Recovery of Real Estate Sector

Saudi Arabia’s Tourism Boosts Post-Covid Recovery of Real Estate Sector

by Third Party | Feb 18, 2023 | Industry Updates, International Real Estate News

Source: Skift —  The post-Covid recovery of the real estate sector in Saudi Arabia is led by increasing tourist demand and government spending on infrastructure projects such as the investment in King Salman International Airport, Deloitte noted in its latest...
Keller Williams Expands into Germany

Keller Williams Expands into Germany

by Leora Ruzin | Feb 17, 2023 | International Real Estate News, News/Current Events, Real Estate News

Keller Williams (KW), a global real estate franchise, announces continued worldwide expansion into Germany.   “In 2013, we first set forth with our vision to expand outside of the U.S. and Canada,” said Gary Keller, executive chairman, KW. “And today, we’re...
Fixed Rate Ending? How To Avoid Falling Off A ‘Mortgage Cliff’

Fixed Rate Ending? How To Avoid Falling Off A ‘Mortgage Cliff’

by Third Party | Feb 16, 2023 | International Real Estate News, Mortgage Information

Source: Forbes —  An estimated 800,000 home loans totalling $350 billion will fall off a ‘mortgage cliff’ this year when the loan switches from a fixed interest rate to a higher variable rate, according to estimates from the Reserve Bank of Australia (RBA). More...
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