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Global Real Estate

Africa to attract significant foreign real estate investment

According to a new report by Knight Frank, an increased number of international investors are investigating opportunities in African real estate markets, attracted by the continent’s startling economic and demographic growth prospects. Based on Knight Frank’s Africa Report 2015, the population of Africa will quadruple to over four billion by 2100, with nearly one billion of these people in Nigeria ...

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LONDON: Tenants face £70m rent rise

London housing

Tenants face £70m rent rise as social housing converted to affordable’ homes London’s poorest households have been hit by a £70m rent rise as housing associations quietly switch thousands of tenancies to higher rates to make up a shortfall in government funding. About 25,000 homes in the capital have been converted from “social” housing to “affordable” since 2012, according to ...

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World Property Market: Top Investment Spots in 2015

world property

The global economy is changing, and new markets are emerging in world property. There is a total change happening on the real estate map in 2015, and smart investors are getting ahead. Even safe-haven investors are beginning to try new opportunities. While top cities like New York and London remain active, it’s time to eye new spots for investments. Hence, ...

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Real estate mogul owes $73.8m in back taxes

Tim Blixseth

One-time billionaire and Yellowstone Club founder Tim Blixseth owes almost $74 million in back taxes, penalties and interest in Montana, state revenue officials said Tuesday, after a tax board ruled that the real estate mogul diverted huge sums from the luxury resort for personal use. Revenue officials said the Washington state resident and his former wife misappropriated more than $270 ...

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GHAZIABAD: Property dealer gunned down

Ghaziabad City

A property dealer was shot dead by armed assailants in Loni, India early on Sunday morning. The victim, 50-year-old Dharampal, used to live with his family in Baghranap Colony, where the shooting took place, said police. According to police, the victim’s 21-year-old son, Gaurav, along with other family members rushed Dharampal to GTB Hospital in Delhi, where he was declared ...

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AUSTRALIA: New apple watch app lets you monitor property market

More than a month out from launch, the Apple Watch app game is starting to heat up in Australia. Popular real estate website, Domain, is joining the stable of apps launching at the same time as Apple’s smartwatch, with an app that lets you monitor the market from your wrist. The Apple Watch is released worldwide on April 24. For ...

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Real estate developer, Liang Shezeng joins rank of china’s billionaires

Zhuhai Real Estate developer, Liang Shezeng has joined the ranks of the world’s billionaires following gains in the share price of his Shenzhen-listed property development company, Guangdong Shirongzhaoye . Liang, 82, injected 76% of his property business, Shirong Industrial, into publicly traded Guangdong Well Medicine Science & Technology in 2008, subsequent to which the company changed its name to Guangdong ...

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Why HOLLYWOOD is very fertile for real estate investment

You might be intrigued why Hollywood real estate is a good investment. Although they are usually priced steep, the returns are still on the positive side. Here are the reasons why you may consider investing in Hollywood properties: 1. Prime Location Property with High Returns It sells because it’s Hollywood! A prime real estate property to begin with, it sells ...

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Avatar star puts up properties for sale

Avatar

Sam Worthington, the Australian actor best known for his lead role in “Avatar,” is putting his Kauai North Shore properties up for sale for about $6.5 million. The 11 acres of property in Kealia Makai include a three bathroom, three-bedroom 4,352-square-foot home as well as about six acres of an adjacent vacant lot, according to public records. Worthington, who also ...

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Dubai investments in Saudi property joint venture

Dubai investments

Dubai Investments, a diversified company, has formed a joint venture with the Saudi-Lebanese firm Red House to manage and develop a property project in Saudi Arabia. This will be the company’s first foray outside the UAE. The developer of the Dubai Investments Park will have a 50 per cent stake in a joint venture to develop the Riyadh Investment Park ...

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