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Global Real Estate

Britain’s first million pound ‘affordable’ housing property goes on sale

Britain housing property

Britain’s first £1million ‘affordable’ housing property has gone on the market but its prospective buyer will need to earn £82,000-a-year to cover the cost. The three-bedroom flat in Hackney, east London, has come under fire from housing charities after being valued at £1,025,000 with would-be homeowners offered a 25 per cent stake in the property. It means that if prospective ...

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Canadian consumer confidence rises on real estate optimism

Real estate optimism

Optimism that Canadian home prices haven’t hit their peak and the economy has better days ahead drove consumer sentiment to the biggest weekly gain in more than a year, weekly telephone polling shows. The Bloomberg Nanos Canadian Confidence Index climbed to 53.2 in the week ending Aug. 21, up from 52.2 in the prior survey, the biggest increase since May ...

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U.K. Property Seen in Bubble Amid ‘Delusional’ Rent Bets

UK property

U.K. commercial and residential property values are in bubble territory again and vulnerable to any tightening in credit markets, according to Mike Prew, an analyst at Jefferies Group LLC. Investors have been paying too much for real estate outside southeast England in the “delusional” belief that rents will climb strongly, Prew said in a note to clients. He downgraded retail ...

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California law increases housing costs

More and more California working families are struggling financially to make ends meet due in large part to the increasing cost of housing. And the problem is only getting worse. According to the nonpartisan state Legislative Analyst’s Office (LAO), today the median price of an average California home is $440,000, which is nearly two-and-a-half-times greater than the national average home ...

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World’s most expensive crafted house over 13 years, worth $8.5MILLION, goes on display

World's most expensive dollhouse crafted over 13 years by carpenters, goldsmiths and glassblowers worth $8.5MILLION goes on display

The most valuable dollhouse in the world, worth a staggering $8.5million, is going on display for the first time. The hand-made ‘Astolat Dollhouse Castle’ was designed and built over a 13-year period by Colorado-based miniature artist Elaine Diehl in the 1980s. She modeled it after Tennyson’s Lady of Shallot and commissioned fine craftsmen from around the world to build over ...

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Canadian pension fund manager invests in Malaysian real estate

Malaysian real estate

Canada Pension Plan Investment Board, the largest pension fund manager in Canada and one of its most active dealmakers, said on Tuesday it has invested C$170 million ($130 million) in a Malaysian real estate joint venture, marking its first direct real estate investment in Southeast Asia. Toronto-based CPPIB said along with the Pavilion Group it has formed a venture to ...

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Raleigh real estate developer sentenced to prison

Real estate developer

United States – A Raleigh real estate developer has been sentenced to 30 months in prison and must forfeit nine properties in the Triangle – all for his part in an alleged bank fraud scheme. Howard Goldsmith, 41, was charged with conspiracy to commit wire and bank fraud after the feds say he and his conspirators carried out a fraud ...

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The odds against foreign real estate investments in Nigeria

Foreign real estate investments

The Real estate sector in Nigeria is besieged by a number of foreign investors who continue to explore the goldmine inherent despite the obvious challenges. It is no longer news that Real estate which serves as a vital tool to human sustenance and development thrives on investments. Hence, the civilization of Nigeria’s rapid growing population coupled with her economic prosperity, ...

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