International News
Newmark Opens Middle Eastern Flagship Office in Dubai
Stefan Burch will head up the new office and build the firm’s business in the region Continue Reading Newmark Opens Middle Eastern Flagship Office in Dubai
Edmonton Duo Charged with Real Estate Investing Scam
Yuvraj Verma and Rohit Sethi used several corporations to raise approximately $6.8 million from investors for an Edmonton-based real estate project. Continue Reading Edmonton Duo Charged with Real Estate Investing Scam
Mortgage overpayments surge as borrowers fend off rising interest bills
Source: Financial Times --- Mortgage borrowers scrambled to pay down their housing debt after interest rates on home loans soared, with lump-sum repayments and redemptions jumping to £2.4bn in October last year from £1.7bn in the same month in 2021. The figures from...
Mortgage borrowing falls by £1bn as property market slowdown continues
Source: Money Week --- The latest data from the Bank of England (BoE) shows a growing number of people are questioning whether now is a good time to buy a house, adding more uncertainty to the property market’s outlook for 2023. The BoE’s Money and Credit report...
Mortgage approvals plummet further
Source: FT Adviser --- Mortgage approvals fell for a fourth consecutive month in December 2022, reaching the lowest level seen since May 2020, during the first lockdown. Statistics released today (January 31) from the Bank of England showed that mortgage approvals...
Aussie real estate agent’s huge success after being brutally mocked online
Source: NEWS.COM.AU --- An Aussie real estate agent who was being mercilessly mocked online has revealed how he capitalised on the “hurtful” jokes to become more successful than ever. Fraser Lack is a Melbourne real estate agent who has become the unofficial front...
London’s luxury home sellers turn to WhatsApp as private sales surge
Source: CNBC --- LONDON — In trying times for the U.K. real estate market, a growing number of Londoners are opting for novel means of buying and selling their properties, with WhatsApp emerging as a new home for luxury listings. Off-market home sales surged in the...
Mortgages could increase by £3,300 a year for a million UK households as rates set to rise again
Source: iNews --- Up to a million households face another hike in mortgage costs if the Bank of England increases interest rates again this week. The Bank of England Monetary Policy Committee (MPC) will meet on Thursday and is widely expected to raise rates by another...
The Industrial Town That’s Become Australia’s Hideout for the Ultra Wealthy
Source: Mansion Global --- If you’ve ever come across the name Byron Bay, you’d be forgiven for thinking that this small, laid-back surfer’s town is within driving distance of Hollywood. After all, actor and Aussie native Chris Hemsworth, his wife, actor and model...
Russian oligarchs invest in US commercial real estate, bypassing sanctions as feds warn banks
Source: Fox Business --- Wealthy Russian oligarchs are likely investing in U.S. commercial real estate and trying to sidestep sanctions imposed after the invasion of Ukraine last year, according to a warning sent to banks by the Treasury Department's financial crimes...
The Industrial Town That’s Become Australia’s Hideout for the Ultra Wealthy
Source: Mansion Global --- If you’ve ever come across the name Byron Bay, you’d be forgiven for thinking that this small, laid-back surfer’s town is within driving distance of Hollywood. After all, actor and Aussie native Chris Hemsworth, his wife, actor and model...
UAE real estate defied global trends to have stellar year in 2022
Source: Arabian Business --- The UAE defied global market trends to score an exceptional year, according to market analysis by CBRE. Dubai real estate, in particular, saw an impressive rise with property prices up 9.5% and more than 90,000 transactions recorded....
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