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Global Real Estate

2nd Attack on University-Rented Property Raises Concern

Attack on University-Rented Property

A second violent attack on property rented by the University of Arkansas has some students and faculty wondering if more needs to be done to help Fayetteville’s population of homeless people. University of Arkansas at Fayetteville police said they arrested a 36-year-old homeless man after a machete attack Thursday night on the wooded property where a small group of homeless ...

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U.S. Home Prices Predicted to Rise 4.7 Percent in Coming 12 Months

U.S. home prices

CoreLogic’s July 2015 Home Price Index (HPI) is reporting that U.S. home prices nationwide, including distressed sales, increased by 6.9 percent in July 2015 compared with July 2014. On a month-over-month basis, home prices nationwide, including distressed sales, increased by 1.7 percent in July 2015 compared with June 2015. Including distressed sales, only Colorado has more than 10 percent year-over-year ...

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Toronto real estate market approaching “risky levels”

Toronto real estate market

For many in Toronto, buying a single-family detached home is a pipe dream. With the average price of these properties hovering around $1 million, breaking into the current housing market is a difficult task. On Monday, RBC released its quarterly housing trends and affordability report. It details how affordability for detached homes is inching closer to “risky levels” in both ...

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Mixed reaction on Dangote’s plan to build new cement plant in Zimbabwe

Dangote acquires $12b foreign gas firm

Zimbabweans have taken to social media to express mixed views following indications by Nigeria’s Aliko Dangote that he plans to invest in the southern African country. Dangote, who is considered Africa’s richest man, said on Monday he planned mining and power generation projects for investment-starved Zimbabwe, as well as to set up a large cement factory. This came after he ...

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States With The Highest And Lowest Property Taxes In America

property tax rates

You reside in America and think your property tax rates are high? It’s all relative. To try and give you a sense of the property tax rates overall, the Tax Foundation calculated the average amount of residential property tax actually paid, expressed as a percentage of home value. That should produce a more even result since it factors in the ...

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6 dead in fire at Saudi oil giant housing complex

Saudi oil giant housing complex

At least six people were killed and 206 injured in Saudi Arabia Sunday when a fire broke out at a residential complex housing employees of oil giant Saudi Aramco, authorities said. The fire started in the basement of a tower in the eastern city of Khobar, the kingdom’s civil defence said on Twitter. It added that several of the injured ...

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Investors eye real estate across Africa

real estate in africa

A growing consumer middle class, helped by rapid urbanisation and shifting demographic trends, is driving property demand and growth opportunities in the real estate industry across the continent. “Foreign and local investors are seeing the growth potential of Africa, spurred by rising consumer spending of Africa’s developing middle class”, says Gerhard Zeelie, Standard Bank’s head of real estate finance for the ...

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Disabled Toronto man denied subsidized housing for not being Muslim

Disabled toronto man denied housing

A disabled Toronto man had his name removed from the waiting list of a subsidized city apartment because he does not meet the main criteria for living there: being Muslim. “It doesn’t make any sense; I lived in Texas, that doesn’t make sense even there,” said Austin Lewis, 21, who is paralyzed and confined to a wheelchair. Lewis is attempting ...

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