Thursday, 02 May 2024

Tag: realestatenews

'Calgary Buyers May Be Hit By New Mortgage Regulations

Alberta may feel the unintended consequences that will result from the new mortgage regulations by the federal government targeted for the Toronto and Vancouver housing markets, according to Canadian Home Builder's Association-Alberta (CHBA-AB), Calgary Sun reports.

'Easing of 35-Year-Old US Foreign Investment Tax Signed

Offshore investors have been the US' major source of capital since the financial crisis and it looks like the recent step of the government to ease a 35-year-old tax on foreign investment will only open the door wider for purchases by overseas investors with President Obama already signing the measure into a law, Hui-Yong Yu of Bloomberg reports.

'London’s High-end Real Estate Is Twice as Expensive as New York’s

While everyone's saying that the New York real estate market is far from being the most affordable, a recently released report may just ease that tantrum with the result showing that London's high-end real estate rates are double that of the Big Apple, Lucy Cohen Blatter reports for the Business Insider.

EDITOR'S PICKS

'Key Things You Should Know About the Kardashians’ Newest LA Condo

The Kardashians are just growing their real estate holdings; and the latest addition to their long roll of properties is in the Century City neighborhood of Los Angeles, Jamie Wiebe of Realtor reports. The family empire just recently acquired a two-bedroom turnkey unit located at Century Hill for $1.65 million; a mere drop in the bucket if there's truth to the rumors that they are now collectively worth $300 million.

By Staff Reporter
'Telstra Sells $100 Million Prime Site In Melbourne

Earlier this year, Telstra, Australia's largest telecommunications and media company, took their ambitious plan of developing an $800 million-plus tower on their 4,000-square-meter prime development site in central Melbourne off the table, and has recently expressed plans of selling it instead for $100 million, Nick Lenaghan and David Ramli of Financial Review reports.

By Staff Reporter
'Sydney's Very Own Downtown Abbey, Bishopscourt, Sold For $18 Million

After 105 years of ownership by the Anglican Church, Sydney's Downtown Abbey, Bishopscourt, has finally found new owners for $18 million, Courier Mail reports.

By Staff Reporter
'Property Tycoon Believes Real Estate Remains A Prime Investment Opportunity, Shares "Terrible"

When looking to invest, real estate remains the top investment opportunity of choice as compared to other avenues, like the share market, according to the founder of the biggest home building company in Australia, Your Investment Property reports.

By Staff Reporter
'Monica Seles Net Worth: Tennis Hall of Famer's Sarasota Home Sold For $1.4 Million

Tennis fans and especially those who followed the sport in the 1990's would sure know about Monica Seles, and might be interested to know that the retired tennis superstar just recently made a sale of her sprawling estate in Sarasota, FL for $1.4 million, Realtor reports.

By Staff Reporter
'Shaquille O'Neal Net Worth: NBA Superstar Gets Into Newark Real Estate

It was a normal conversation between mother and son; they were driving home from a family gathering in their hometown of Newark when the mother of NBA superstar Shaquille O'Neal noticed of how much their city has changed over the years, as Dan Ivers of NJ narrated in the report.

By Staff Reporter
'Facebook Real Estate Ad Offers $1000 Reward If 'Share' Seals The Deal

Who doesn't have Facebook nowadays? It won't even be that surprising if grandma and grandpa have one. The social networking service site is undeniably already a part of most people's lives, and it's no longer just for staying connected with loved ones, and a Portugal Cove-St. Philip's family is sure of that, CBC News reports.

By Staff Reporter
'Top 10 US Real Estate Markets In 2016 Forecasted

Real estate website Realtor is always on the lookout for the hottest real estate markets in the US and they use their data to determine which areas sellers and buyers are most motivated and active. With 2015 almost nearing its end, the website feels it's high time to cast their fearless forecast on the next red-hot places in real estate for the coming year.

By Staff Reporter
'Mark Calcavecchia Net Worth: Legendary Pro Golfer Lists Waterfront Florida Home For $5.5 Million

Aside from keeping himself busy with the Champions Tour, legendary pro golfer Mark Calcavecchia is also preoccupied with improving his real estate portfolio. The 1989 British Open champion just listed his waterfront estate in Tequesta, Fl for $5.5 million, Angela Colley of Realtor reports.

By Staff Reporter
'India Is Among Top Asia Pacific Real Estate Destinations

Foreign investors are now seeing the potential of India's real estate market that it is now among their preferred destinations in the Asia Pacific region, as shown in PricewaterhouseCoopers (PwC) India's report in an article by Live Mint.

By Staff Reporter
'Jeremy Shockey Net Worth: Two-time Superbowl Champ Lists Miami Penthouse

If it wasn't for former NFL tight end Jeremey Shockey, the New York Giants as well as the New Orleans Saints wouldn't be waving their Lombardi Trophy around these days, and it seems that he is not only winning at the sport, but is also building a strong real estate portfolio. The American football player just listed his Miami Beach, Florida penthouse for $3 million.

By Staff Reporter
'Australia's Apartment Boom Could Result To 'Rising Vacancy And Reduced Rents' In Melbourne, Brisbane

CommBank Property Insights thinks that Melbourne and Brisbane will be the most hit by the historic apartment boom in the country from next year, Robert Harley of Financial Review reports.

By Staff Reporter