News

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.
EDITOR'S PICKS
  • 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.
    By Rapti Gupta
  • 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.
    By Rapti Gupta
  • 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.
    By Rapti Gupta
  • 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.
    By Rapti Gupta
  • 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.
    By Staff Reporter
  • 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.
    By Ansa Varughese
  • 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.
    By Ansa Varughese
  • 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.
    By Rapti Gupta
  • 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.
    By Rapti Gupta
  • 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.
    By Rapti Gupta