Staff Reporter
The number of new foreign property companies in Beijing dropped by 56 percent last year and217 firms quit the market, China National Radio reported on Thursday. The report attributed the changes to the government's measures to cool the real estate market,restricting the number of homes a family can buy and requiring higher down payments on homepurchases. Zurich is the Most Expensive Cities to live in the World
The most expensive cities in the world according to the Economist Intelligence Unit’s latest Worldwide Cost of Living Survey are... Property investors return to Dubai from the UAE, India and the UK
The value of property transactions in Dubai surged by 20% during 2011, reaching AED143 bn for the year U.S. Mortgage Applications Decline 1%: MBA
U.S. mortgage applications decreased by one percent in the week ending Feb. 10, compared to the previous week, according to the Mortgage Bankers Association. Real Estate Appraiser Counters NAR Forecast, Warns Falling Inventory Isn't Sign of Housing Recovery
Real estate appraiser Jonathan Miller disagrees with NAR's prediction of low housing inventory resulting in rising (or at least stabilizing) prices, claiming that it merely reflects a slowdown in foreclosures that will be reversed with the robo-signing agreement. Hong Kong property market remain subdued with unclear global outlook
Hong Kong's property market remained quiet last month with the global economic outlook still unclear and this period being a traditional low season over the Chinese New Year holiday. New Zealand’s residential property sales hit four-year highs
National residential property sales in New Zealand continued to gradually increase and hit four-year highs. Venice: a new haven for overseas property investment
In a troubled world, we gain solace from spiritual uplift and physical beauty. Few places have the ability to touch the heart and move minds like Venice. For decades it has been a place to visit rather than one in which to buy property, but gradually things are changing. British estate agents have developed connections there, and some big money is about to arrive. "Ocean's nursling", as Shelley described it, is becoming a connoisseur's place to purchase. Real Property Management Prepares Franchisees for Increasing Rental Demand
Company’s annual conference Momentum 2012 and new Web site will prepare franchisees for growing need for residential property management Westbrook Partners Buys Ritz-Carlton Hotel for $105 Million
Real estate firm Westbrook Partners has bought the 259-room Ritz-Carlton Hotel at 50 Central Park South for $105 million, according to city records. German Real Estate Roundup: Underpriced East, Greek Investors Seek Safety in Germany
A weekly roundup of German-language real estate news Dresden. Source: flickr. com/milanboers Residential investment: "The East is totally underrated" Speaking about Germany's prime investment markets like Hamburg, Tobias Just, professor and managing director at the International Real Estate Business School at Regensburg University, told Immobilien Zeitung: "It's amazing how many cities have had prices rising faster than rents in the last three years," and then the kicker: "The East is totally underrated. Fountain Residential Partners to Develop Luxury Off Campus Student Housing at UNT in Denton
Fountain Residential Partners, is expected to break ground this spring on a 139 unit/427 bed student housing community adjacent to The University of North Texas in Denton. Expert Claims: Spanish Property ”Sells in a Day” if Price is right
The managing director of a large Spanish real estate firm claims that property will sell in a day if priced correctly. Global Corporations Believe Opportunity Outweighs Risk in Emerging Markets
For more corporate occupiers located in emerging markets, the drive remains strong despite the widespread social, political and economic unrest in 2011, according to the latest research reported today by CBRE. End of stamp duty holiday encourages first-time buyers in UK
House sales edged up slightly during January as an increased number of first-time buyers looked to beat the stamp duty holiday, which expires in March, according to the latest RICS UK Housing Market survey published today( February 14th 2012) by the Royal Institution of Chartered Surveyors. Empire State Building Owner Files for IPO
The Malkin family, owner of the Empire State Building and other properties in New York and Connecticut, has filed for an initial public offering that will allow the public to own a piece of the storied Art Deco landmark. Interest rate cuts boost new home lending in Australia
Housing finance figures for December 2011 reveal that the November and December official interest rate cuts had a positive impact on home buyer confidence and new home lending in Australia, according to the Housing Industry Association, the voice of Australia’s residential building industry. NAR strongly oppose to elements of President Obama’s budget proposal
According to the latest National Association of Realtors president Moe Veissi’s statement, NAR is strongly opposed to elements of President Obama’s budget proposal Empire State Building Owner Files for IPO
The new company, Empire State Realty Trust, is seeking up to $1 billion in funding for control of a dozen office buildings, including the Empire State Building, totaling 7.7 million square feet. It will trade under the symbol "ESB" and offer Class A common stock to the public. It will also have Class B stock with 50 votes per share. Anthony Malkin, scion of the real estate family, will be chairman and CEO of the new company. Fourth Quarter Metro Area Home Prices Boost Affordability, Sales Improving
Housing affordability conditions improved in most metropolitan areas from softer existing-home prices and record-low mortgage interest rates in the fourth quarter, with rising sales and lower inventory creating more balanced conditions, according to the latest quarterly report by the National Association of Realtors®. Legacy at Millennium Park Developers Pay Off Construction Loan, Hire New Brokerage Firm
The Legacy at Millennium Park luxury high-rise is on solid ground as developers gear up for market revival. Caliber and HomeWiseDocs Now Integrated
Reef Point Technology, the creators of Caliber, a leading accounting-based, community management solution for the community association industry and HomeWiseDocs.com announced today the integration of the two companies’ technology platforms. MA Interactive Group, Launches New Website Design for Chicago Real Estate Company Tricap Preferred
MA Interactive Group, a Chicago web design firm with a strong focus in real estate marketing and website design continues its growth in the this sector with the launch of new website design for downtown Chicago luxury apartment locator service, Tricap Preferred Potts Brothers Land and Auction Hosts Lender-Owned Online Auction
The East Tennessee Real Estate Auction, hosted by Potts Brothers Land and Auction, begins on February 15th and ends on March 1st. Urban Pace Breaks Sales Records With 1020 Monroe Condominiums
Lynn Hackney, President of Urban Pace, a new home sales and marketing company for urban developers located in Washington, DC, is pleased to announce that Urban Pace is breaking new sales records at 1020 Monroe, an exclusive condominium building located in Columbia Heights. Dubai: Is the World's Tallest Building on Fire? [PHOTOS]
Rumors are sweeping the Internet that Dubai's Burj Khalifa skyscraper, the world's tallest, is on fire, while officials claim it's just fog Mortgage Settlement: Details May Not Yet Be Finalized, Says American Banker
A source has told American Banker that the terms of this week's massive national mortgage servicing settlement have not been finalized, and that politics drove Thursday's announcement The Port Authority and the World Trade Center
An audit released this week called the Port Authority of New York and New Jersey "a challenged and dysfunctional organization," citing the ballooning costs at New York's World Trade Center. But, for all the turmoil at the site, the Port Authority has taken steps to return it to both the private and public city. Zhongrun Invests in Canadian Zinc Corporation
Zhongrun International Mining Co., Ltd. ("Zhongrun") (direct) and Zhongrun Resources Investment Corp. ("Shandong Zhongrun") (indirect), both of Tower 17, Zhongrun Century Plaza, No. 13777 Jingshi Road East, Jinan City, Shandong Province, P.R. China, 250014, announce the acquisition of ownership and control of an additional 6,000,000 units of Canadian Zinc Corporation (the "Company") at a price of $0.67 per unit. $8.2 million package from U.S. Bank Adding Expansion of Largest Homeless Shelters in the Midwest
Omaha’s Siena/Francis House to Break Ground on New Housing and Community Services Facility An $8. 2 million financing package from U. S. Bank (NYSE: USB) will enable Omaha's Siena/Francis House (SFH) to provide services for the chronically homeless who are disabled or have a severe mental illness.
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?
