News
BBA Says UK Mortgage Approvals hit Record Lows in January
New Regulation to Hit Number of Franchisee Stores in Indonesia
U.S. Federal Reserve's Monetary Policy Raising Concerns of Asset Bubble
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
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. Jewish Delis Declining in New York City and Across United States
Jewish Delis are facing closures in New York City and Los Angeles, among others, reported Los Angeles Times. Candy Spelling Sues Landlord over Leasing Issues
Candy Spelling, widow of TV mogul Aaron Spelling has filed a lawsuit against her landlord over leasing issues. She claims that the landlord is trying to force her to vacate the place before the expiry of the lease. She also claims that she has been paying extra for utilities. America’s Largest Home – Versailles Resumes Construction (VIDEO)
Westgate Resort Founder, David Siegel owned, “Versailles” will resume construction after being stalled for around three years. Construction on the home had been put on hold as the global recession had crippled Siegel’s finances. However, now that the economy and housing market is rebounding, the construction is back on track. Restoration Hardware to open Restaurant in its Boston Store
Restoration Hardware, the famous American furniture and Décor chain will be adding an eatery to its upcoming gallery and retail space in its Back Bay Store, Boston. It will open doors of its brand new store on March 7, 2013. Located at 234 Berkeley Street in Back Bay, the store has refurbished the building which once served as the New England Museum of Natural History. Morgan Stanley Real Estate Fund Buys Moscow Mall for $1.2 Billion
Morgan Stanley Real Estate Investing (MSREI) has purchased a commercial mall in Moscow, Russia for a huge $1.2 billion. The Metropolis Mall is located in the Northwest of Moscow and is the largest commercial deal of Russia till date. Tishman Speyer Wants More Deals with China Vanke
Just recently, news was out of China’s leading property development firm, China Vanke Company making its debut into the U.S. property market with a partnership deal with American real estate company, Tishman Speyer. With the partnership deal in its kitty, Speyer now hopes to rope in more joint ventures with Vanke. Iraq’s Real Estate Boom Will Offer Extensive Growth Opportunities to Foreign Investors
Iraq’s real estate sector has come a long way. Post the fall of Saddam Hussein, property prices have risen exponentially in the country leading to a real estate boom. However, this boom will provide maximum opportunities for foreign investment and growth in the area.
