Hyundai Motor Group, the famous automobile maker, will reportedly pay $10 billion for a site in Seoul, where it plans on building its headquarters. The car-maker outbid Samsung Electronics to buy the Gangnam District site in the capital of South Korea.
Crowdfunding - "the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet" - has become quite popular of late. The industry has come a long way since its start in 2003 and according to Forbes, grew $5.1 billion in 2013. Anything and everything you can imagine is being crowdfunded now - including air fares! Therefore, it wasn't long that the investing trend would creep into real estate.
The American real estate market is currently experiencing a slowdown. Though home prices have been mapping a sluggish way upwards, the still-improving inventory levels have kept cost of buying a home high. Mortgage rates may be low, but the standard of lending is strictly tight. In these conditions, where does one look to buy a home? To help you evaluate and make a property purchase decision, RealtyTrac - the popular real estate intelligence firm - has come up with lists of American cities where buying a property is most and least affordable.
We already knew that with the Chinese housing market down in the dumps, a large number of investors from the world's second largest economy were looking to invest in the U.S. real estate. But, it's not just the big players who want to cash in on the American property segment. Small investors from the country have now started following their richer, larger counterparts.
The steady health of the U.S. property market has been catching a lot of eyes, worldwide. But how far is the market’s reach? Where is the interest coming from and where exactly are the foreigners looking to buy property in America?
The Indian real estate market is back in demand after the Narendra Modi-government took control of the country's political and economic health. Several overseas investors are flocking to the property sector as the country has been showing signs of a strengthening market.