Global Real Estate

Katy Perry is in a legal battle with a group of nuns in Los Angeles who don’t want her to buy their former convent. The superstar singer put in a US$14.5 million ($18.9 million) offer on the villa-style hilltop property but the Sisters of the Immaculate Heart of Mary are fighting to prevent the deal going through. Los Angeles Archbishop Jose Gomez has ...

Fox News Channel will be launching a weekend show centered on real estate. “Bob Massi is the Property Man” will debut Saturday, July 11, at 12 p.m. ET, and will be hosted by Las Vegas real estate attorney Bob Massi, who also serves as a legal analyst for Fox News. The series is expected to feature several experts who are to break ...

Demand for luxury homes in the Europe, Middle East and Africa region is strong as ultra-wealthy individuals are buying around the world to further diversify their holdings. London is top for demand but cities such as Madrid, Dubai and Cape Town are also popular with wealthy real estate buyers, according to a new report by Wealth-X and the Sotheby’s International ...

There are several questions surrounding the US housing industry. For example the pace of housing starts, new and pending home sales, all deserve serious consideration. In this short essay, Forbes attempt to map out take on this critical activity for the level of aggregate demand. Read below: Based on data from the US Census Bureau sales of previously owned homes in ...

Auckland is the only region in North Island of New zealand that is considered unaffordable, according to new figures. The First Home Buyer’s Affordability report from interest.co.nz shows the affordability of buying a typical first home in Auckland has deteriorated dramatically, with the price of a lower quartile home now worth $616,500. That’s up from $584,500 in April and $502,100 ...

Real estate is serious business, but within the paper works and all the extra work that goes into securing a home, there are also a lot of interesting facts you should get acquainted with. There is really nothing bad, as a real estate professional, to know some interesting real estate facts.  I believe you will have a totally different and ...

The Wall Street Journal reports, Founder and executive chairman of Chinese ecommerce giant Alibaba, Jack Ma, has just purchased a 28,120-acre property in the Adirondacks. Jack Ma, whose net worth is estimated to be as much as $23.9 billion, reportedly spent $23 million on the property, known as Brandon Park. Jack’s main motivation for the purchase was for conservation reasons, but ...

Turkey’s government has issued an alert to warn Saudis about potential fraud in its real estate sector. The Turkish Consul General in Jeddah Fikret Ozer said there were fraudsters operating in the industry. He said the level of Saudi investments in the Turkish real estate sector has increased notably this year.   Ozer said several companies and real estate offices ...

San Diego real estate billionaire Conrad Prebys has donated $100 million to support research on new drugs to fight cancer and other diseases. The gift, announced yesterday, went to the nonprofit Sanford Burnham Prebys Medical Discovery Institute in La Jolla, Calif., which added his name to its title today. Prebys, a prolific philanthropist, previously gave $11 million to the institute, primarily ...

The Malaysian Prime Minister has been forced to order an investigation into his own government’s role in the allegedly corrupt payment of $4.75 million emerging from the sale of a Melbourne student accommodation block. And the Papua New Guinea government is also under pressure after revelations on Wednesday that people close to the Prime Minister were giving detailed instructions in how ...