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New York City construction spending jumped 26 percent last year

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New York City construction spending jumped 26 percent last year to $36 billion, led by a record amount of residential building in a market skewed toward luxury housing, according to the New York Building Congress. Spending on residential construction surged 73 percent to $11.9 billion in 2014, exceeding an October forecast and marking the first time it has ever topped ...

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JCC experience first real estate tax hike in 2 decades

It’s the first real estate tax hike in nearly 2 decades. Homeowners in James City County (JCC) will be paying more in real estate tax starting July 1. At Tuesday night’s council meeting, the board voted 4-1 to increase the real estate tax rate by seven cents. This puts it at 84 cents per $100 assessed value. That is a nine ...

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Real Estate in for soft landing

The commercial and residential real estate markets are coming off their peaks, but expect a soft landing. “We are clearly off our peak,” said David Dube, president and CEO of Concorde Group of Companies. “But that is healthy. Markets do not go up forever. This is a temporary adjustment.” Dube, who chaired the third annual Saskatchewan Real Estate Forum held ...

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The BROUHAHA of OGA MARTINS – Episode 14

Deji was laughing at the so called plan Martins had while Martins stood, arms akimbo, a quizzical frown on his face. “What’s funny about what I said?” Deji tried to respond but only laughed out harder, annoying Martins who hissed and turned his gaze away from him in exasperation to the different happenings on the street. It was a busy ...

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What is Real Estate BOND?


For movie lovers, the first thing that comes to mind at the mention of bond is the character of the famous MI 007 agent, James Bond and his love for gadgets and women. For a business man however, bond is regarded as one of the three main generic assets along with stocks and cash and generally referred to as fixed-income ...

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Real Estate Realities in Nigeria

Demand in the real estate market weakened in the first quarter of the year, however, property prices remain stable. Munachi Okoye, founder and CEO of MCO Real Estate joins CNBC Africa for focus on Nigeria’s real estate sector. Watch video below: Get all our updates delivered straight to your phone! Click here to download the Nigeria Real Estate Hub Android ...

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China State Rail Company Signs Deal Worth $5.5bn With Nigeria & Zimbabwe

According to the Financial Times, state-owned China Railway Construction Corp. (CRCC) has signed two contracts worth nearly $5.5 billion with Nigeria and Zimbabwe. The Nigerian project further cements the company’s leading role in the Nigerian construction industry, and is also a milestone in the “going global” of Chinese railway, said Meng Fengchao, board chairman of CRCC. Citing stock exchange filings ...

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Housing crisis in the UK ‘in breach of human rights

A consortium of leading housing charities has warned that the UK is in breach of its own United Nations human rights commitment to provide people with adequate homes because the housing crisis is so serious. They cite soaring housing rental costs, unhealthy conditions in homes, and rising levels of homelessness and warn of “profound issues of lack of supply, increasing ...

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