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Global Real Estate

Call for housing investments in Scotland

The former Auditor General of Scotland, Robert Black, in a press conference scheduled to hold later today will say that spending on housing should be seen as a preventative measure. He will be speaking at the annual Chartered Institute of Housing (CIH) conference in Glasgow and saying that bad housing has the potential to damage lives. Charities said 13% of ...

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US Homeownership rate at its lowest point in 20 years

Us Homeowndership rates

Whilst we may be complaining against the Nigerian government and economy in respect to the huge housing deficit we currently have in the nation, it should be of interest to you that the grass is not greener on the other side of the world. Even Americans have their fair share of housing Problems. According to the The Guardian, many people ...

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Mariah Carey & Nick Cannon sell their Bell Air home

mariah carey

Divorcing duo Mariah Carey and Nick Cannon closed on the sale of their Bel Air home Friday for $9 million. The estate had been listed for $12.995 million. The 13,000-square foot home, at 3130 Antelo Road in Los Angeles, contains six bedrooms and six full- and three half-baths, as well as a movie theater, gym, and basketball court. It features ...

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More women buy real estate in Taiwan than Men: Broker data

More women than men bought real estate in 2014, a situation a researcher at HB Housing, one of the largest real estate brokers in Taiwan, attributed to an increase in women’s financial independence. The ratio of male to female buyers in the real estate market stood at 49:51 last year, according to Jessica Hsu, head of HB Housing’s research department, ...

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Top 20 real estate tycoons

top 20 real estate tycoons

According to Forbes 2015 billionaires list, of the 20 richest property moguls in the world, more than half (12) hail from Asian-Pacific nations. Seven are from Singapore, three from China, and one each from Singapore and Taiwan. Four of the wealthiest 20 property billionaires are American, three are from the U.K., and one is from the United Arab Emirates. Hopefully in ...

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Home Ownership is falling in many countries

Home ownership levels are continuing to drop in many countries despite stable or positive outlooks for most mortgage markets, according to a new global report. As a result of market dislocations post economic crisis, home ownership levels face challenges as large foreclosure pipelines are expected to displace owners in some countries such as the US, Spain, and Ireland, whilst new ...

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Impact of Nigeria’s Rebasing on the Real Estate Sector

After Nigeria’s Gross Domestic Product (GDP) was recently rebased by measuring GDP estimates with a current base year price structure, Nigeria took over from South Africa as the largest economy in the African continent. This can be attributed to significant contribution by various sectors such as the real estate industry, which is estimated to be 8.01 percent and pegged at ...

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London overtakes Hong Kong as World’s most expensive city to live and work.

A new research released by an international real estate adviser Savills, revealed that London has become the world’s most expensive city for companies to locate employees, overtaking Hong Kong, which had previously topped the ranking for an unbroken five year period. New York and Paris complete the pack of four leading cities, where the combined costs of renting residential and ...

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NIOB demand National Building Code

Members of the Nigerian Institute of Building (NIOB) have reiterated its call to the Federal authority to promulgate a law to enforce the National Building Code. NIOB in a communiqué after its 44th Annual General Meeting/Conference at the Bovina View International Hotel, Ilorin, Kwara State, recently said professionals in the building industry should put social, environmental and economic sustainability of ...

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43-year-Old Woman Pleads Guilty In Real Estate Fraud

A Utah County woman has changed her plea to guilty in a real estate fraud case in which she was accused of using straw buyers and inflated appraisals to obtain loans to purchase houses that were sometimes a $1 million in excess of the actual selling price. Portia Louder, 43, Highland, pleaded guilty in federal court to one count of ...

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