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Global Real Estate

The history of Lekki Peninsula and what you should know

lekki peninsula

Since her grand introduction into the Lagos metropolis, Lekki has become a haven for the high and mighty. Lekki Peninsula is an area on the Lagos Island in Nigeria which contains expensive residential suburbs that throws poverty into the Atlantic Ocean. The Peninsula adjoins the commercial Victoria Island district and the residential Ikoyi area. It has got a reputation as an ...

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Biggest budget for housing sector hitting Egypt soon

Egypt is preparing for the biggest budget in the history of the housing sector, ranging between 14-15 billion Egyptian pounds (US$1.8-2 billion), the country’s minister of housing announced Saturday. According to Zawya, Egypt’s Minister of Housing, Moustafa Madbouly has revealed that his ministry is currently working on the first budget for the Social Housing Finance Fund, to be later submitted ...

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U.S. firm seeks property investors in Marlowe scheme

A NEW era is dawning on the real estate sector, especially in the United States, where property developers in conjunction with the authorities are offering investors permanent residency through the EB-5 programme, in addition to the prospect of a good return on projects’ investments. The new trend is being launched for buyers into Marlowe, a 20-storey, 100 residence contemporary tower ...

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Likely rent-free period in Dubai

Dubai real estate

According to a global real estate consultancy, Landlords in Dubai are likely to offer rent-free periods as new housing supply comes in putting rents under pressure. Mat Green, Head of Research & Consultancy UAE, CBRE Middle East, in the first quarter ‘Dubai Property Report’, said that the leasing market which has remained stable over the past three quarters is expected ...

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Man kills elder brother over ancestral property dispute

A 38-year-old man hacked his elder brother to death at his house in Banaswadi on Wednesday morning before fleeing from the spot. The deceased has been identified as Manjunath (40). He was also a resident in the same area. His brother Madhu (38) is presently at large. Recently the family sold an ancestral property and disputes arose when Manjunath was ...

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Denmark: Surging Property Prices Puts Danish Bank Regulator on Alert

Just as Denmark ’s economy emerges from its last property bust, the country’s banking regulator says it’s on alert to prevent another bubble from forming. The Financial Supervisory Authority is ready to raise capital requirements for banks and to deploy other measures to cool the market should it be needed, said Ulrik Noedgaard, the Copenhagen-based agency’s director general, in an ...

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Real estate market drops again in Shanghai, China

China’s most expensive city, Shanghai, has been a point of concern for Beijing policy makers. Over the years, the government has all but locked the door to second and third home sales. A relaxation of those policies have kept Shanghai real estate stable. But the latest data shows new home sales and supply fell last week despite those policies, according ...

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Real Estate heir squanders $3.5m meant for charity on cars

misconduct charge court stories alleged fraud

The heir to a Manhattan real-estate fortune squandered millions of dollars that was supposed to go to a Jewish charity, going on a spending spree that included fancy cars and posh hotels, according to court papers. The United Jewish Appeal claims it was supposed to get the remainder of a trust set up by building mogul Bill Gottlieb, who died ...

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Young people in UK increasingly giving up on owning a home

offshore investment

A survey carried out by Halifax on attitudes to getting on the property ladder shows that increasing number of young people in the UK is giving up on owning a home. Rocketing house prices and years without real-terms wages growth have prompted a growing number of younger people to give up the idea of ever owning their own home. The ...

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