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Global Real Estate

Jehovah’s Witnesses to buy third Fishkill property

Jehovah's Witnesses properties

Jehovah’s Witnesses properties – The Jehovah’s Witnesses organization plans to buy a third property in the Brockway area of the Town of Fishkill, town Supervisor Bob LaColla says. The Watchtower Bible & Tract Society of New York has a purchase contract with AVR Realty, the private developer active in that area, to acquire a project under construction, LaColla said. The project ...

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Trouble in paradise for Australia’s property speculators

Australia property market

Australia property market – One of the key factors powering Australia’s stellar home price boom is set to slow dramatically, economists warn—a change that could finally see the country’s seemingly endless run of property price appreciation take a well-needed pause. Speculative investors are a major force in Australia’s red-hot property market, helping push the value of residential property half a ...

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Apple buys 43-acre development site in North San Jose

Apple buys 43-acre development site

The Cupertino-based Mac maker has purchased a roughly 43-acre development site in North San Jose in a blockbuster real estate transaction that raises tantalizing questions about the company’s plans there. The deal for developer Lowe Enterprises’ so-called “n1 Campus” closed last week, according to public records. Apple paid just more than $138 million for the property at 2347 North First ...

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Chinese Property-Rental Site Tujia Raises $300 Million

property-rental site

Tujia, China’s equivalent of the property-rental site Airbnb, has raised $300 million in its latest round of funding, valuing the start-up at more than $1 billion, the company said on Monday. The fund-raising was led by the Hong Kong-based All-Stars Investment, which has also invested in the smartphone maker Xiaomi and the taxi-hailing app Didi Kuaidi. Luo Jun, one of ...

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The Process of Site Selection in Housing Scheme Projects

site selection

Selection of the site is, arguably, the single most important consideration in the process of providing housing. Factors such as the location, size and accessibility of a site and its proximity to amenities and services are important to the future development of a self-sustaining community. In the wider context, any new housing development will have a significant impact on the ...

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Royal borough to move those in temporary housing to cheaper areas

royal borough

The UK’s most expensive borough to live in, the royal borough of Kensington and Chelsea, plans to send some of its most vulnerable residents to live outside London because the soaring property market means it can no longer afford to house them. The Conservative authority, where the average home costs £1.4m, will spend £10m buying properties outside the borough for ...

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Mexico: EPN pushes for quality housing

Mexico housing

MEXICO HOUSING – Although social policy has helped to contain poverty in Mexico, more efforts are needed to increase the quality of life for all Mexicans, President Enrique Peña Nieto said Monday. The president spoke during the inauguration of 10 rehabilitation works for housing projects in Mexico City. Dynamism in the Mexican economy is fundamental for reducing the level of ...

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Global property partners unfazed by Trump bombast

Trump bombast

Global property partners unfazed by Trump bombast Real estate tycoon and White House hopeful Donald Trump has lost high-profile US contracts over his hardline anti-immigrant stance, but internationally the row has yet to damage the Trump brand. When he disparaged undocumented immigrants from Mexico as criminals and rapists in June, several American groups — NBC television, retailer Macy’s, the PGA ...

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NYC property market still hot even as private equity exits

NYC property market

The private equity and other pooled funds that have made century-old buildings some of the hottest properties in Manhattan have been cashing out at double the rate of a few years ago, but strong buying from other investors has assuaged fears that the market is peaking. The institutional investors and real estate investment trusts that are taking private equity’s place ...

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CML UK expects improved mortgage market activity

UK kicks off biggest housing review in more than a decade

According to the latest forecast from the Council of Mortgage Lenders, A benign economic backdrop should underpin a gentle improvement in housing and mortgage market activity in the coming months. Propertywire.com reports that the CML market review report pointed out that this follows a softer patch over the past year, which has dragged down our expectations for gross mortgage lending ...

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