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Hits and Misses for the Real Estate Week of May 26-30

Hits and Misses for the Real Estate Week of May 26-30

by Phil Hall | May 30, 2025 | Commercial Real Estate News, Hits and Misses, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Florida’s governor says no to public financing of a stadium, Iowa’s governor says yes to bringing down property taxes, and Kamala Harris says something (we’re not sure what) at an Australian real estate conference. From the wild and wooly world of real estate, here...
King Charles Makes Royal Property Available as Short-Term Rental

King Charles Makes Royal Property Available as Short-Term Rental

by Phil Hall | May 30, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

King Charles III has a new side hustle as the landlord for a short-term rental property. The Sun reports that The Folly, a three-bedroom Victorian house at the royal Sandringham retreat, is being rented to the public for $8,500-a-week. The refurbished property has a...
Sotheby’s International Realty Opens New Office in Hungary

Sotheby’s International Realty Opens New Office in Hungary

by Phil Hall | May 30, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Sotheby’s International Realty announced the opening of Hungary Sotheby’s International Realty, marking the company’s 197th European office. The Budapest-based Hungary Sotheby’s International Realty will service the luxury residential market...
New Forecast Warns of Double-Digit Collapse in Dubai’s Real Estate Prices

New Forecast Warns of Double-Digit Collapse in Dubai’s Real Estate Prices

by Phil Hall | May 29, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A new forecast from Fitch Ratings is predicting that Dubai’s red-hot real estate market will experience a double-digit plummet in prices during the second half of this year and into 2026. Reuters reports Dubai is expected to see 210,000 planned units through...
$3.5 Billion Montreal Mixed-Use Development to Include 7,000 Residential Units

$3.5 Billion Montreal Mixed-Use Development to Include 7,000 Residential Units

by Phil Hall | May 28, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Groupe Mach has unveiled its plans for the Langelier project, a $3.5 billion mixed-used development in Montreal that will encompass 7,000 residential units. The 1.45 million-square-foot project will encompass 5,700 market-rate residential units, 1,300 social and...
Greece Considers Penalty Tax on Property Owners of Vacant Homes

Greece Considers Penalty Tax on Property Owners of Vacant Homes

by Phil Hall | May 28, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Greek government is proposing a new measure that would address the nation’s housing crisis by taxing property owners who refuse to put their vacant homes up for rent or sale. Tovima.com reports the measure would apply a new tax on property owners who refuse to...
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