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Tag Archives: Global real estate

FG To Invests $150m For Affordable Housing in B.C.

FG To Invests $150m For Affordable Housing in B.C.

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 ...

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Chinese Mogul Says He Is Leaving Real Estate for Art

Chinese Mogul Dai Zhikang Says He Is Leaving Real Estate for Art

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 ...

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Adele Acquires Mansion In LA for $9.5m

Adele Acquires Mansion In LA for $9.5m

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 ...

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Real Estate Lawyer Sued for Shielding Assets

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 ...

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Turkey Freezes Assets of Ex-Yemeni President, Ali Saleh

Turkey Freezes Assets of ex-Yemeni President, Ali Saleh

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 ...

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Global Real Estate Sales Dips In First Quarter of 2016

real estate sector

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 ...

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Real Estate Transactions To Hit $1trillion In 2020

Real Estate Transactions To Hit $1trillion In 2020

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 ...

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Vancouver Ranks Top in Global Luxury Real Estate Market

UAE property website raises $20m for MidEast expansion plan

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 ...

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