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Global Real Estate

New York tops world’s luxury property market

new york

New York’s luxury property market registered the biggest gains globally in high-end home prices in 2014, according to Knight Frank, a global residential and commercial property consultancy firm. The value of high-end residential property in the U.S. financial center soared 18.8 percent between December 2013 and December 2014, far outpacing the global average price growth of 2 percent, the real ...

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Facebook CEO Mark Zuckerberg sued by a Palo Alto real estate developer


Facebook founder Mark Zuckerberg is facing allegations of fraud and misrepresentation from his neighbor in Palo Alto, California. Zuckerberg had reportedly promised his neighbor to buy a portion of his land, for protecting his privacy. In November 2012, part-time real estate developer Mircea Voskerician signed an agreement for developing a property behind Zuuckerberg’s residence. However Zuckerberg promises Voskerician to buy ...

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Boxer Manny Pacquiao buys mansion previously owned by Jennifer Lopez

manny pacquiao

Filipino boxing superstar Manny Pacquiao reportedly bought a mansion in Beverly Hills, California previously owned by actress and singer Jennifer Lopez. In a report on GMA Network’s 24 Oras, the mansion is worth $11 million or around P400 million and has seven bedrooms and its own theater. The eight-division champion is expected to earn at least $80 million from his ...

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Why Greece threatens to seize property, land & businesses belonging to Germany


Greece threatens to seize property, land and businesses belonging to Germany if Angela Merkel does not agree to pay compensation for WWII occupation Greece is threatening to seize property, land and businesses belonging to Germany if Berlin does not agree to compensate it for the Nazi occupation of the Second World War. Prime minister Alexis Tsipras has demanded Germany pay ...

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This incredible mansion is selling for $125


This mansion pictured above is gorgeous and there’s nothing wrong with it. Guess you wondering why this incredible mansion is selling for $125? Read on The owner of a bed & breakfast in Maine is handing off her property to whoever who writes the best 200-word essay and submits a check for $125. Janice Sage first came into possession of ...

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Uganda: Government moves to regulate real estate industry


In Uganda, the Ministry of Lands, Housing and Urban development is to embark on a countrywide registration of all real estate dealers for regulation. The exercise which kicks off mid this year, will see real estate dealers issued with licenses of operation. According to the Permanent secretary ministry of Lands, Gabindadde Musoke, the exercise is aimed at wiping out fake ...

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Simon Property Group bids $16B for Macerich


Simon Property Group has launched a $16 billion hostile bid for Macerich Co. after saying its rival refused to discuss a combination of two of the largest U.S. mall operators. Simon said Monday that it was offering $91 per share in cash and stock for each share of Macerich. That represents a premium of 30 percent to the closing price ...

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3000 skeletons recovered at a London site

3000 skeletons

3000 skeletons recovered at London train station site. Archaeologists in London have begun digging up some 3,000 skeletons including those of victims of the Great Plague from a burial ground that will become a new train station. A team of 60 researchers will work in shifts six days a week over the next month at the Bedlam burial ground to ...

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Meet world’s most famous female Architect – Zaha Hadid

Zaha hadid

Zaha Hadid is an Iaqi-British architect. Do an internet search for Zaha Hadid, and you will find an endless stream of information about her Last month, it was reported that her firm ZHA would be responsible for the creation of the world’s largest airport terminal. The starfish-shaped building will form part of Beijing’s new airport. Building Design Online reported that ...

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