International News
Hits and Misses for the Real Estate Week of Sept. 1-5
A decades-old crime is solved, an emergency without urgency is declared, and bizarre happenings in the UK and Canada. Continue Reading Hits and Misses for the Real Estate Week of Sept. 1-5
Toronto Home Sales Rise as Prices Decline
The average selling price of $1.02 million was down by 5.2% compared to one year earlier. Continue Reading Toronto Home Sales Rise as Prices Decline
Chinese buyers return to the market
Source: Domain --- Now China has finally flung open its doors again, Australia can expect a major influx of cash into its housing market. A new report into overseas residential real estate spending intentions has found that around $4.8 billion of funds is likely to...
What’s Next For UK Mortgage Rates?
Source: Forbes Advisor --- The Bank of England raised interest rates on 15 December from 3.0% to 3.5%. The 0.5 percentage point increase marked the ninth rise since December 2021 when Bank rate stood at just 0.1%. It put the Bank rate at its highest level since 2008...
How Kyle Richards’ husband Mauricio Umansky built a $57B real-estate empire
Source: New York Post --- “I remember in 2008, during that recession, if I had the opportunity to be buying a bunch of real estate, I would have a lot of money right now,” Mauricio Umansky, wearing casual jeans, a gray blazer and a white dress shirt told The Post from...
US Housing Market Full-Year 2022 & Softwood Lumber Prices January 2023
Source: Yahoo! Finance --- VANCOUVER, BC, Jan. 27, 2023 /CNW/ - Full-year 2022 US housing starts and new home sales data has been released and while the dampening effects of rising mortgage rates remain, the numbers for December show a slight uptick. In 2022 the US...
Beaches, Mountains and World-Class Wines in Chile’s Verdant Valparaíso
Source: Mansion Global --- The verdant coastal region of Valparaíso, in central Chile, is extraordinarily diverse, with mountains and beaches, bustling cities and peaceful seaside resort towns. It has a Mediterranean-like climate, with balmy summers and cool, crisp...
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,...
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