News
Morgan Stanley fund buys Moscow mall for $1.2 bln
China new home prices rise 0.8 pct y/y in Jan
Commercial Real Estate Market Recovering Slowly
EDITOR'S PICKS
-
Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
-
Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
-
How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
-
What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
British house prices will stagnate until next year along with a flat-lining economy and weak pay rises, a Reuters poll found on Monday, although London prices are expected to keep climbing. Villar Mir studying bid for Colonial assets
Family-owned Spanish group Villar Mir said it was looking at assets owned by Colonial, after a report that it was studying a bid for the loss-making real estate firm's commercial property business. 5 Best American Cities to Sell Your Home
America's real estate market is largely becoming the seller's market. The "listing life" of homes is reclining as demand for homes is rising exponentially. John Legend Makes a Profit on NYC Condo Sale
The “Tonight” singer, John Legend has sold his East Village, New York condo for a good $2.6 million. Legend had purchased the home for around $1.9 million back in 2009 and has now sold the crib raking in a profit of $775,000. BBA Says UK Mortgage Approvals hit Record Lows in January
U.K. mortgage approvals and personal loan levels have been highly affected due to the bad weather in January 2013. The British Bankers’ Association (BBA) said on Monday, Feb 25, said that mortgage approval rates had declined unexpectedly in the country. They also added that overdraft and loan repayments exceeded fresh loan applications and borrowings. New Regulation to Hit Number of Franchisee Stores in Indonesia
The Trade ministry of Indonesia has announced a new regulation limiting the number of stores or outlets a master food franchisee can hold in the country. The new regulation comes as an effort to avoid monopoly in the market and encourage local and small businesses. The new regulation will drive some of the major franchising players like KFC and McDonalds to cut or slow down on outlet expansions in the country. U.S. Federal Reserve's Monetary Policy Raising Concerns of Asset Bubble
The U.S. Federal reserve’s monetary policy has kicked off speculation among experts in the industry about an emerging asset and economic bubble in the country. However, Ben S. Bernanke, Chairman of the reserve has waved away all the concerns claiming that the policy has spurred construction jobs throughout the country and it would not be taking the policy down anytime soon. Saudi Arabian Mortgage Law Regulations Almost Complete
The Government of Saudi Arabia has finished working on three of the five mortgage laws that it had finalized to ease the shortage of housing in the country. Outlines of the three new regulations were posted Sunday, Feb 24, on the website of Saudi Arabian Monetary Agency (SAMA).The three outlined legislations include- Regulations of the real estate financial law, Regulations of the financial lease law and the regulations of the law on supervision of finance companies. Bay Area Man Charged with Foreclosure Rescue Scheme
A Northern California man has been accused of operating a foreclosure rescue scheme in which he exploited bankruptcy laws in order to delay home seizures by lenders, according to reports. Hong Kong Increasing Stamp Duties To Prevent Real Estate Bubble
To avoid a real estate bubble, Hong Kong is pressing for higher stamp duties to restrict home loans, reported Reuters.
