International News
Report: Dubai Brokers Closed Over 42,000 Transactions During 1H
Over 10,000 women are currently working as brokers in the emirate. Continue Reading Report: Dubai Brokers Closed Over 42,000 Transactions During 1H
Hits and Misses for the Real Estate Week of July 21-25
Cutting capital gains taxes on houses, cutting millions in consulting fees, and cutting out talk about property tax hikes. Continue Reading Hits and Misses for the Real Estate Week of July 21-25
Thinking of Moving to Europe from the U.S.? Here’s Why You Should – Or Shouldn’t – Do It
Source: US News --- With streaming shows like Netflix’s “Emily in Paris” or the romantic image of working remotely from an Italian villa, U.S. travelers are showing renewed interest in moving to Europe to see what life would be like in another country. There are a...
After Years of Steady Price Increases, a Window Is Cracking Open for Buyers in Hong Kong
Source: Mansion Global --- Hong Kong, often labeled as the world’s most expensive city, could be about to get a little less pricey, according to some local experts. As a result, the global city’s luxury housing market may present attractive opportunities for wealthy...
Canada: What’s Next For Commercial Real Estate In 2023?
Source: Mondaq --- As we look ahead to 2023 with COVID-19 hopefully in the rearview mirror for the most part, we are seeing a number of predictions as to what is in store for 2023 and beyond. Rising interest rates, changing tenant demands and a cooling of the...
Europe Braces for a Sharp, Abrupt Real Estate Reversal
Source: Insurance Journal --- Turmoil at trophy properties in London and Frankfurt offer a glimpse of the damage awaiting European real estate investors as they face the sharpest reversal on record. From a fraught refinancing process for an office building in the City...
Tech Giants Once Eager To Expand in US and Overseas Shrink Their International Footprints
Source: CoStar --- Silicon Valley tech giants in the years leading up to the pandemic collected gleaming office campuses around the world as trophies for what appeared to be boundless growth. Those days of blockbuster real estate expansions appear to be over for now,...
Dry, Aromatic or Sparkling—Alsace, France, Has Something for Everyone
Source: Mansion Global --- Located in northeastern France, Alsace is a picturesque region on the Rhine River that’s synonymous with wine. Strasbourg, the main city and capital, is home to the European Parliament, and historic, fairytale-like villages are scattered...
Foreign Buyers Are Descending on Turkey’s Idyllic Coastal Town Kas
Source: Mansion Global --- The seaside town of Kas in Turkey’s Antalya province has an alluring coastal location, romantic Mediterranean looks and a history dating back to the 6th century B.C. The serene resort town is set along a wide bay and the Çukurbag (or Kas)...
Hong Kong property investment activity to bounce back in 2023 as investors hunt for bargains, analysts say
Source: South China Morning Post --- Hong Kong’s property investment volume is expected to rise by up to 15 per cent this year from a 10-year low, as investors cautiously hunt bargains after significant price corrections amid rising interest rates, analysts said....
Crimean real estate no longer of interest to buyers
Source: Yahoo! --- According to the Restate platform, apartments are sold for an average of RUB 169,000 per square meter ($2,300 at the official exchange rate). This is still more expensive than apartments in new business-class buildings in Kyiv, which are subject to...
Global property market faces $175 billion debt spiral
Source: Crain's Chicago Business --- (Bloomberg)—The slump in the world’s biggest asset class has spread from the housing market to commercial real estate, threatening to unleash waves of credit turmoil across the economy. Almost $175 billion of real estate credit is...
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