Sunday, September 24, 2017 Latest Real Estate News
CRE
London Sunrise
Houston Wary As Oil Prices Drop Dramatically
Miami Real Estate Continues Streak Of Monthly Sales And Price Increases
Canary Wharf Skyline seen at Night
  • Numbers of Vacant Residential Homes in Britain on the Decline
  • Alongside the decline of vacant homes is the recovery in the number of owner occupied properties in the country. At its peak in 2002, about 69.5 percent of homes were owner occupied but fell to 62.8 percent in 2014 and now stands at 62.5 percent. Between 2002 and 2014, the net decline was about 6.7 percent overall.
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Market Reacts To Federal Reserve Interest Rate Decision
  • Higher Mortgage Rates Keep Economy Afloat
  • On a year on year basis, the current rate is lower compared to 3.68 percent at the same last year. The housing market remained steadfast while the rest of the economic factors had dipped in volume. For its part, residential construction spending, remodeling spending and other related transactions grew by 14.8 percent.
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Edinburgh Aerial Views
  • Scotland's Property Market Shows Falling Prices but Sales Are Rising
  • With these changes, the average price of a home in Scotland costs £159,198. The Registers of Scotland reported that there were 19,802 properties that changed owners in the first quarter of 2016. This was the highest volume of transactions recorded for the same period since 2007 to 2008. The total sales value was pegged at £3.15 billion, a rise of 8.3 percent from 2015.
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Diners Enjoy Breakfast In The Sky In Sydney
Aerial Views Of San Francisco
  • Luxury High Rise Grows Despite Market Glut
  • The high rise has 55 residences built on top of 16 floors of glass and steel. At its completion, the property would be the third tallest building in the San Francisco Bay area, changing the residential high-rise landscape in the region.
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General Views of United Arab Emirates
  • Dubai Maintenance Issues Reaches Flashpoint
  • These maintenance issues include broken down airconditioning units, which was the highest number of complaints as recorded by the survey. Other issues include sewage being backed up, electrical problems, thin walls and defective water heating equipment. Another major issue, especially with villa residents, were bursting water pipes, leaving the residence without running water for a period of time. The list goes on and on, not just for the residents surveyed but for many others suffering silently in Dubai.
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Developer Plans Transformative Waterfront Project In Williamsburg, Brooklyn
  • Spitzer's Skyscrapers to Dominate Brooklyn Skyline
  • The completion date was set for 2018 where 77,000 square feet of outdoor space would be available. The complex would feature two swimming pools as well as a contiguous esplanade by the East River. This continued block would be a riverside park as well as the link between Kent Avenue and the waterfront area.
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Construction In London
  • London Real Estate Feeling Effects of 'Brexit'
  • The volume of investments for the first three months of 2016 fell 31 percent below the ten year average. This is roughly worth £2.2 billion, less than half of the £4.6 billion earned in the last quarter of 2015, according to research conducted by real estate firm Lambert Smith Hampton.
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Life In Shanghai
General Views of United Arab Emirates
  • Dubai New Investment Venue for Chinese
  • Chinese investors, seeking investment havens, have put their money into commercial units and luxury properties throughout the world, such as the United States, Australia, New Zealand and Mauritius. Many have started to expand into the European and other Asian property markets as well.
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The Opening Of The World's Tallest Building The Burj Dubai
  • Tallest Skyscraper To Rise In Dubai Reminiscent of Hanging Gardens of Babylon
  • The architect of the "The Tower" would be designed by Santiago Calatravo Valls, the Spanish-Spanish neo-futurist designer. The budget is set at $1 billion, with 20 mixed use floors, a boutique hotel and restaurants with panoramic views of Dubai. The highlight of the building is a "Pinnacle Room", boasting of 360 degree views and observation decks on rotating balconies. The design of the whole skyscraper was a lily flower and minarets, centerpiece designs of Islamic culture.
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China's House Prices