Tag Archives: Global real estate

CANADA – The federal government has announced it will invest $150 million in affordable housing in British Columbia, as real estate prices in the province continue to skyrocket. The money will be spread out over the next two years and is part of the $2.3 billion the Liberal government pledged to spend on affordable housing in the 2016 budget. Jean-Yves ...

Chinese real estate impresario Dai Zhikang had made the “bold” decision to get out of property investment and look to investing in the arts. According to an article in the South China Morning Post, The founder and chairman of Shangahi’s Zendai Group compared the recent property market rise to a “dead cat bounce,” saying he wants to rebuild Zendai “top ...

The singer has reportedly splashed out on a new property in LA Adele who is presently on tour has splashed $9.5million on an exclusive four-bedroom property located in a gated neighbourhood of LA County.  She is yet to move in because of work commitments but her neighbours include Cameron Diaz and Jennifer Lawrence. The 28-year-old is set to sign a ...

A prominent Chicago real estate lawyer is being sued by a creditor that says he fraudulently shielded assets to dodge personal guarantees for more than $21 million in loans. Glenn L. Udell, and his wife, Pamela Udell, both are named in a lawsuit PNC Bank filed May 19 in federal court in Chicago. It alleges the couple conspired to transfer ...

Emaar Properties PJSC, the builder of the world’s tallest tower in Dubai, reported a jump in first-quarter profit after collecting payments from pre-sold projects and boosting sales in the emirate. Net income rose to 1.21 billion dirhams ($329 million), or 17 fils a share, from 1.03 billion dirhams, or 14 fils, a year earlier, the Dubai-based company said Sunday. That ...

Turkey said keeping in line with a UN Security Council decision, it has frozen the assets of Yemen’s former president, Ali Saleh. The UN Security Council had in November 2014 imposed sanctions on Saleh and rebel leaders, accusing them of destabilising the country. The government said in its official gazette on Thursday in Istanbul that Mr. Saleh’s assets remained frozen ...

According to the latest capital market research, Global real estate transaction volumes fell in the first quarter of 2016 in line with weaker market sentiment. However pockets of growth were registered in some regions with expectations for 2016 activity to stay broadly in line with 2015, says the report from Jones Lang LaSalle (JLL). Based on JLL’s preliminary data on ...

Blackstone Group LP has promoted a 16-year veteran banker, Christopher Heady, who played a key role in expanding the group’s real estate business by naming him as chairman of its Asia-Pacific businesses. He played a key role in the region. Heady will continue leading the firm’s Asia real estate division and be supported by Jan Nielsen, who will serve as ...

Analysts from the real estate sector have projected that transactions in the industry would surpass $1trillion globally, by 2020. The Director Global Capital Markets Research, Mr David Green-Morgan, stated that transaction volumes would be driven by the need to cater for the aging global population investment requirements. Green-Morgan, noted that by 2050 there will be more people over the age ...

A new report into the 2015 global luxury real estate market by Knight Frank ranks Vancouver as the top performing city worldwide. In a top 100 list that includes Shanghai, San Francisco and Monaco, Vancouver is the clear leader, with prices accelerating 24.5 per cent last year. Sydney, ranked second, grew just 14.8 per cent in the same time period. Toronto placed at ...