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Global Real Estate

Property Owner Makes $200,000 profit in just 2 years On His One-Bedroom Sydney Apartment

Property Owner Makes $200,000 profit in just 2 years On His One-Bedroom Sydney Apartment

A Sydney property owner has made a staggering $200,000 profit on his one-bedroom apartment in Randwick, after it was auctioned off on Saturday. The property was bought off-the-plan for $525,000 two years ago and ended up selling for $758,000, reported The Daily Telegraph. Bidding on the property, located at 3/201 Barker Street in Randwick, opened at $700,000 and rose in ...

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This Beautiful Spanish Mansion Is All Yours For £2.7m

This Beautiful Spanish Mansion Is All Yours For £2.7m

For the perfect family summer retreat, look no farther than this four-storey, seven-bedroom domestic paradise located in affluent Costa Maresme, 22 miles north of Barcelona, Spain and overlooking a world famous golf course. It comes with a striking white color scheme with a terracotta slate roof, a perfect garden and swimming pool complete with bar area and dressing rooms, there’s ...

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New York Home of Late John Gutfreund Goes on Sale for $120million

New York Home of Late John Gutfreund Goes on Sale for $120million

This palatial 20-bedroom mansion located in New York’s Upper East side has belonged to John Gutfreund, a onetime ‘King of Wall Street’ and his wife Susan since the 1980s. Gutfreund who was the former CEO of Salomon brothers died in March 2016 of complications from pneumonia at age 86 and his wife is now reportedly selling the apartment because it ...

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Turkey Freezes Assets of Ex-Yemeni President, Ali Saleh

Turkey Freezes Assets of ex-Yemeni President, Ali Saleh

Turkey said keeping in line with a UN Security Council decision, it has frozen the assets of Yemen’s former president, Ali Saleh. The UN Security Council had in November 2014 imposed sanctions on Saleh and rebel leaders, accusing them of destabilising the country. The government said in its official gazette on Thursday in Istanbul that Mr. Saleh’s assets remained frozen ...

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Global Real Estate Sales Dips In First Quarter of 2016

real estate sector

According to the latest capital market research, Global real estate transaction volumes fell in the first quarter of 2016 in line with weaker market sentiment. However pockets of growth were registered in some regions with expectations for 2016 activity to stay broadly in line with 2015, says the report from Jones Lang LaSalle (JLL). Based on JLL’s preliminary data on ...

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Zoning and building codes in real estate

Zoning and Building Codes

In most countries of the world, buildings are built based on adequate planning and strict adherence to the health and safety of the community. Constructing a building on your landed property will require due diligence. This is to ensure the structure is an acceptable model in the area where your land is located. For example, if an area is earmarked ...

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Brookfield Exceeds Target, Raises $9 Billion for Latest Real Estate Fund

Brookfield Exceeds Target, Raises $9 Billion for Latest Real Estate Fund

Brookfield Asset Management Inc. raised $9 billion for its latest real estate fund, exceeding its $7 billion target and doubling its previous fund, as Asian investors and U.S. pension funds piled in to its fundraising efforts. Brian Kingston, chief executive officer of Brookfield Property Partners LP, said the funds are already 45 percent committed, including investments in the privatization of ...

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Dubai To Build Another Tower Higher Than Burj Khalifa

Dubai To Build Another Tower Higher Than Burj Khalifa

Dubai is set to build a tower higher than the existing record-breaking skyscraper, the Burj Khalifa, which is presently the world’s tallest building. Construction for the new tower which is to be known as The Tower at Dubai Creek, will start at the end of June this year and is hoped to be finished before Dubai hosts the World Expo ...

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London Property Market Cooling As Asking Prices Are Slashed

Rising London property costs could lead to firms relocating, says study

London’s property market appears to be cooling down with research revealing that up to 40pc of houses for sale in some areas of the capital have had to cut their asking prices since coming to market. Earl’s Court, in west London, and Surbiton, to the south-west, had the highest proportion of price cuts in the capital, with 40pc and 38pc of properties for sale in the respective ...

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