News

Home Prices Hit Record 5 Year High in UK as Sellers Increase Prices in Sight of Housing Boom

With the U.K. economy in recovery, a housing boom might be around the corner. According to a report by Rightmove PLC, an online real estate agency, house prices hit five-year-highs in February 2013. Home sellers have raised prices of properties in sight of the approaching boom.

China Vanke Enters US Markets with Tishman Speyer Deal

China Vanke Company, the largest property developer of China, has entered the U.S. market with a partnership deal to build a residential complex in San Francisco, California. The venture marks Vanke’s first entry into the real estate market of U.S.

London Heathrow Airport’s Phase 1 Revamp Project Nearing Completion

Renovation and expansion of phase one at London Heathrow Airport, U.K. is nearing completion. The $4 billion renovation project began in 2008 and is set to open access of its new premises to the public in 2014.