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Saudi Arabia’s Tourism Boosts Post-Covid Recovery of Real Estate Sector
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 real...
Where U.S. house prices may be most overvalued as climate change worsens
Source: The Washington Post --- The nation’s real estate market has yet to fully account for the increasing threats to millions of homes from rising seas, stronger storms and torrential downpours, according to new research published Thursday. “Climate change is...
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Bank of England scraps mortgage affordability test
Source: The Guardian --- Thousands of potential homebuyers may find it easier to get on to the property ladder after a key mortgage affordability test was scrapped by the Bank of England. The central bank has said the change – taking effect from 1 August – should not...
China Banks May Face $350 Billion in Losses From Property Crisis
Source: Bloomberg --- China’s banks face mortgage losses of $350 billion in a worst-case scenario as confidence plunges in the nation’s property market and authorities struggle to contain deepening turmoil. A spiraling crisis of stalled projects has dented the...
New York real estate company expands industrial footprint in Wilmington
Source: Port City Daily --- WILMINGTON — A family-run real estate acquisition company found recent success in the Cape Fear market. Treeline announced its first signed lease at an industrial park it bought last month. Located on U.S. Highway 421, it joins Edgewater...
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