Real Estate

The California Public Employees’ Retirement System, the biggest U.S. pension, plans to sell as much as $3 billion of its real-estate portfolio, a move that’s part of a broader plan to reduce costs, risk and the number of external investment managers. The $303 billion fund will sell about 12 percent of its $25.5 billion real-estate program of commercial, industrial and ...

Katy Perry is in a legal battle with a group of nuns in Los Angeles who don’t want her to buy their former convent. The superstar singer put in a US$14.5 million ($18.9 million) offer on the villa-style hilltop property but the Sisters of the Immaculate Heart of Mary are fighting to prevent the deal going through. Los Angeles Archbishop Jose Gomez has ...

Fox News Channel will be launching a weekend show centered on real estate. “Bob Massi is the Property Man” will debut Saturday, July 11, at 12 p.m. ET, and will be hosted by Las Vegas real estate attorney Bob Massi, who also serves as a legal analyst for Fox News. The series is expected to feature several experts who are to break ...

Demand for luxury homes in the Europe, Middle East and Africa region is strong as ultra-wealthy individuals are buying around the world to further diversify their holdings. London is top for demand but cities such as Madrid, Dubai and Cape Town are also popular with wealthy real estate buyers, according to a new report by Wealth-X and the Sotheby’s International ...

Housing is one of man’s key needs. Most people would like to own their own houses. Unfortunately, there are far too many obstacles stifling the achievement of this dream of owning their own homes. In spite of Nigeria being Africa’s largest economy with a GDP of $510 billion, the housing and construction sector accounts for only 3.1% of the rebased ...

Africa’s richest man, Alhaji Aliko Dangote has revealed that he doesn’t have any property outside Nigeria despite his immense wealth. The foremost business mogul whose net worth for 2015 is valued at $21.6billion, according to Forbes also disclosed that Chief M K O Abiola advised him against investing in the media. According to Leadership, the chairman of Dangote Groups said ...

There are several questions surrounding the US housing industry. For example the pace of housing starts, new and pending home sales, all deserve serious consideration. In this short essay, Forbes attempt to map out take on this critical activity for the level of aggregate demand. Read below: Based on data from the US Census Bureau sales of previously owned homes in ...

Auckland is the only region in North Island of New zealand that is considered unaffordable, according to new figures. The First Home Buyer’s Affordability report from interest.co.nz shows the affordability of buying a typical first home in Auckland has deteriorated dramatically, with the price of a lower quartile home now worth $616,500. That’s up from $584,500 in April and $502,100 ...

Governor Umaru Tanko Al-Makura of Nasarawa state has cautioned officials of his government not to attempt selling government property in the state. Al-Makura said in a statement in Abuja by his special assistant on media and publicity Ahmed Tukur that he would not condone such act and would deal decisively with any of his officials involved in fraudulent sales of ...

Real estate is serious business, but within the paper works and all the extra work that goes into securing a home, there are also a lot of interesting facts you should get acquainted with. There is really nothing bad, as a real estate professional, to know some interesting real estate facts.  I believe you will have a totally different and ...