International News
Long-Lost Nazi-Looted Artwork Spotted in Online Real Estate Listing
An 18th century painting that was stolen by the Nazis from a Dutch Jewish art dealer and disappeared for decades has been spotted in an online real estate listing in Argentina. The Dutch newspaper AD reports “Portrait of a Lady” by the Italian painter Vittore...
Toronto Realtor Assures Social Media Crowd That He’s Not a Criminal with the Same Name
Zain Merchant added that his employer has also been receiving phone calls from people wondering why they have a criminal on their payroll. Continue Reading Toronto Realtor Assures Social Media Crowd That He’s Not a Criminal with the Same Name
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...
Global Luxury Real Estate Buyers Adapting to Uncertainty, Yet Bullish on Real Estate, According to Global Study by Luxury Portfolio International®
Source: Yahoo! Finance --- NEW YORK, Jan. 5, 2023 /PRNewswire/ -- The global wealthy are living in a state of adaptability to uncertainty, but quite bullish about ultra-luxury residential real estate, according to just-released research by Luxury Portfolio...
Mortgage approvals fall to lowest level – BoE report
Source: MPA Mag --- Net borrowing of mortgage debt by individuals rose in November 2022, but mortgage approvals for house purchases fell to its lowest level since mid-2020, according to lending data released by the Bank of England (BoE) on Wednesday. The central...
MC Explains: Canada’s ban on foreigners buying homes may impact demand among non-Canadian resident Indians
Source: Money Control --- With the aim of making more homes available and affordable for its own citizens, the Canadian government has decided to ban immigrants from buying property in the country for two years. This, real estate experts say, is expected to lead to ...
Calgary real estate sales break record despite late year slowdown
Source: Global News --- Real estate sales in Calgary saw record numbers in 2022, despite a December that was 31 per cent slower than the year before, according to the Calgary Real Estate Board (CREB). Calgary saw a record 29,672 sales in 2022, outperforming...
Singapore private home prices up just 0.2% in Q4 on sharp drop in sales
Source: The Straits Times --- SINGAPORE - The growth in private home prices cooled to 0.2 per cent in the fourth quarter of 2022, as sales dropped sharply in the face of growing economic headwinds, two rounds of property curbs, and the absence of major new launches....
Why those waiting for a return to normal in commercial real estate will get left behind
Source: Financial Post --- Nathalie Palladitcheff gets asked all the time when things will get “back to normal” in the commercial real estate world, but the chief executive of Ivanhoé Cambridge thinks the premise of the question is flawed. “I would not expect that...
Scots worried about soaring mortgage rates as demand for advice on bills rises
Source: Daily Record --- Desperate Scots are flocking to an advice website for information on their mortgage payments during the cost of living crisis. Citizens Advice Scotland said there had been a 223 per cent increase in use of their mortgage calculator to work out...
Lagos Real Estate Developer Shares National Strategy to Solve Nigeria’s 28 Million Housing Deficit in 2023 and Beyond
Source: Newswires --- VICTORIA ISLAND, LAGOS, NIGERIA, January 1, 2023 /EINPresswire.com/ -- Grace Ofure Ibhakhomu, acclaimed real estate developer and founder of Lifecard International Investment Limited, a real estate firm based out of Lagos, Nigeria, known for her...
Real Estate Markets Set to Normalize in 2023 After Nearly Three Years of the Pandemic Boom
Source: Mansion Global --- What a difference a year makes. At the beginning of 2022, real estate markets all over the world were up against huge demand, limited supply and high prices. Looking toward 2023, the landscape has changed dramatically since central banks...
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