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Global Real Estate

Paris Hilton Shows Off Her Dogs’ Luxury Two-Story Mini Mansion

Paris Hilton shows off her dogs' luxury two-story mini mansion

Hotel heiress and socialite, Paris Hilton showed off her dogs’ luxury mini two-story Italian-style mansion in Beverly Hills via Snapchat. Inside the residence which has a tile roof and wrought iron railings on an upper outdoor balcony, her dogs have beds, feeding stations, air conditioning and heating. There’s a staircase leading from the ground floor to the upper floor, several ...

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Cost of Renting One-bed Property Surge in UK

Cost of Renting One-bed Property Surge in UK

The cost of renting a one-bedroom property in the UK has risen to swallow almost half of the average young worker’s take-home pay, according to figures, while those living in London are typically handing over 57% of their monthly wages. The average cost of a new tenancy on a one-bedroom home hit £746 a month in May, taking up 48% ...

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Markets Investor Raises Over $500m For New African Real Estate Fund

Nairobi's Real Estate Will attract More Foreign Investors

A leading growth markets investor, Actis, has announced the end of its third opportunistic private real estate fund – Actis Africa Real Estate Fund 3 (ARE3), with commitments totaling more than $500m, exceeding its original $400m target. The team was led by David Morley, Amanda Jean-Baptiste, Louis Deppe and 11 other investment professionals across offices in London, Johannesburg, Nairobi and ...

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Brazilian Company Uses Drones to Tackle Property Tax Evasion

Brazilian Company Uses Drones to Tackle Property Tax Evasion

A Brazilian company is carrying out a trial with drones to reduce property tax evasion in a town in the northeastern state of Pernambuco. The equipment is being used by tax collection agency Crescite, who works on behalf of the local government, to measure properties in the city of Paulista and get information needed to calculate the tax amount for ...

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Bank of Canada Says Toronto Housing Boom Likely Unsustainable

Bank of Canada Says Toronto Housing Boom Likely Unsustainable

Toronto homebuyers should not expect the frantic pace and blistering prices of the housing market to continue, warns the head of the Bank of Canada. “Prospective homebuyers and their lenders should not extrapolate recent real estate performance into the future when contemplating a transaction,” Stephen Poloz said Thursday with the release of the bank’s semi-annual financial system review. It was ...

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Real-Estate Magnate Faces Criticism on Proposed Deal

Real-Estate Magnate Faces Criticism on Proposed Deal

Nicholas Schorsch, whose multibillion-dollar real-estate empire was rocked by an accounting scandal two years ago, has come under fire from an independent director who resigned from one of the companies Mr. Schorsch manages because he believed it suffered from a conflict of interest and was failing to act in the best interest of investors. Robert Froehlich, whose background includes about ...

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Investors Hold Back From UK Property Deals on Brexit Fears

Rising London property costs could lead to firms relocating, says study

Gulf Arab investors, some of the biggest buyers of British real estate, are holding back from new deals because they fear a property price slump if Britain leaves the European Union, according to legal and investment sources. Sovereign and private investors from Qatar, Saudi Arabia,Kuwait and the United Arab Emirates have been prolific buyers of British assets in the past decade, snapping up billions of dollars ...

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