Global Real Estate

An independent commission has said Scotland’s housing policy needs radical action to help deal with poverty and inequality. The Commission on Housing and Wellbeing was established two years ago by the charity Shelter. Its latest report called on the Scottish government to increase the number of new homes being built to 23,000 a year. The Scottish government said housing “is ...

A 10-year overview of the property market in Scotland has revealed a mixture of “highs and lows”, with average prices increasing over the decade but the volume of sales falling. The Registers of Scotland (RoS) report showed the average house price was up 35 per cent, from £123,977 in 2005-06 to £167,396 in 2014-15. However, during the course of the ...

Mosquitoes have become resistant to insecticides and malaria parasites resistant to drugs. In a research conducted by the London School of Hygiene, researchers looked at how making changes to houses might contribute to tackling the deadly disease. Scientists have claimed that housing improvements in certain settings can help eradicate malaria. The study found that residents of modern homes were 47 ...

Chicago officials have nominated the former CEO of the Toronto Community Housing Corporation as the acting leader of the Chicago Housing Authority. Mayor Rahm Emanuel announced the nomination of Eugene Jones last week. He’ll replace Michael Merchant who leaving the post for other opportunities. Chicago officials praised Jones’ experience working for housing authorities in several major cities including Detroit, San ...

Canada housing looks good as the data released by the Canada Mortgage and Housing Corporation (CMHC) on Monday showed seasonally adjusted annual rates (SAAR) of housing starts rose 201,705 units in May, up from 183,329 units in April.   The trend measure of housing starts in Canada was 181,231 units in May compared to 179,524 in April. The trend is ...

Half a dozen nonprofit groups in Western New York will receive $3 million in state funding to help create more low- and moderate-income housing units. The funds are part of an $11 million allocation announced this week by Gov. Andrew Cuomo through 61 awards to enable nonprofits and municipalities to create more than 1,000 new units of housing. Awards came ...

Housing projects worth $900 million (AED3.6 billion) have been approved by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Sheikh Mohammed approved the construction of new homes for around 400 citizens at a committee meeting at the Mohammed bin Rashid Housing Establishment on Sunday, state news agency WAM reported. The committee also approved the construction of new roads ...

Property experts call for the release of land to deliver enough homes and address house price boom and bust Property experts have warned that England is heading for a shortfall of 1m homes over the next decade as the housing supply crisis intensifies. According to a report from the agent Savills, after 30 years of insufficient levels of construction across ...

Nonprofit lender Community Investment Corp. has raised $200 million from three dozen banks to finance the acquisition and rehabilitation of apartments in low- to moderate-income areas in Chicago. CIC plans to use the money to fill a hole in lending created during the housing crisis that has been slower to close in some neighborhoods than others. Lenders that pulled out ...

Many of the places with the hottest markets in May will come as no surprise to consumers — most are in California. Realtor.com determines “hot” markets based on two factors: the median inventory age in the market and the number of views per listing on Realtor.com, and the 20 hottest markets rank in the top 50 in both metrics. Nationwide, a ...