International News
Greece Considers Penalty Tax on Property Owners of Vacant Homes
Among the European Union nations, Greece has the highest percentage of its population burdened by excessive housing costs. Continue Reading Greece Considers Penalty Tax on Property Owners of Vacant Homes
British Columbia Realtor Fined for Loan to Clients to Buy Property He Was Selling
Pardeep Singh Sandhu loaned $55,000 to prospective buyers to help them secure a mortgage for a residence in Abbotsford. Continue Reading British Columbia Realtor Fined for Loan to Clients to Buy Property He Was Selling
Upbeat sentiments led the realty sector to end 2022 in high spirits
Source: Construction Week --- 2022 has been a great year in the history of the Indian real estate sector. After the setback of two years of slowdown, the real estate sector has gone through a tremendous transformation setting new record numbers in 2022. For the...
1.4m households could face rate rises when renewing fixed mortgages in 2023
Source: Yahoo! Finance --- More than 1.4 million households are facing the prospect of interest rate rises when they renew their fixed-rate mortgages this year, according to the Office for National Statistics (ONS). The majority of fixed-rate mortgages in the UK (57%)...
How Investors Rewarded Diversification during the Pandemic
Source: South China Morning Post --- The COVID-19 pandemic has created havoc around the world. Not only did it exact a heavy toll in the loss of human life, but it also constituted one of the biggest shocks to the global economic order in modern history. Consider...
Mortgage payers face squeeze in 2023 after UK interest rate rises
Source: The Guardian --- Homeowners with mortgages will be among the biggest losers from the cost of living crisis in 2023 due to interest rate rises, while the wealthiest UK households will benefit from better returns on savings and investments, according to analysis...
Roles of a proper real estate agent
Source: Ripples Nigeria --- Real Estate Agents help buyers and sellers alike guide through each stage of finding their perfect residential or commercial space. They do this by arranging viewings and making appointments with potential customers based on what best suits...
Is real estate the best way to build wealth?
Source: UBS --- An illiquid, indivisible bulk asset with high transaction costs, residential real estate presents complications for investors whose focus is wealth-accumulation. But that doesn’t mean you should discount housing as a key part of your investment story....
Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry
Source: Market Watch --- The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before things start to normalize, one housing chief says. “There’s going to be a terrible consolidation,” Glenn Kelman, CEO of real-estate brokerage...
Axess Law harnesses technology to upend real estate law model
Source: MPA Mag --- This article was produced in partnership with Axess Law Professional Corporation. Desmond Devoy, of Canadian Mortgage Professional, sat down with Lena Koke, chief executive officer, Axess Law Professional Corporation, to find out how she is...
Buying and Selling Real Estate in Australia (Updated)
Source: JDSUPRA --- KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER AUSTRALIAN LAW - The majority of land in Australia consists of freehold title. Registration of ownership of freehold title is recorded using the Torrens system. The Torrens system is a system of title by...
Canada Bans Foreigners From Purchasing Most Real Estate
Source: VOA News --- VANCOUVER, CANADA — With the dawn of 2023, the Canadian foreign buyers ban went into effect, banning non-Canadians from purchasing property, with several exceptions. These include landed immigrants, workers on temporary visas, refugees and some...
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