02 Mar 2023

Luce, a recently launched residential project on Dubai's Palm Jumeirah, is an initiative by the real estate division of UAE based investment firm Yas Holding. It is expected to be a landmark structure which will include a variety of luxurious apartments, including unique 2-, 3-, and 4-bedroom flats with sea views, a duplex and a penthouse. A swimming pool, a kids' play area, a fitness centre with the newest sports equipment and a gathering area with access to the beach are just a few of the luxurious modern amenities available.Read more

01 Mar 2023

Portugal has announced a significant package of measures aimed at addressing the country's housing crisis. The housing crisis has resulted in skyrocketing rents and house prices, particularly in Lisbon, where rents increased by 37% in 2022. Many housing groups have attributed the problem to low salaries, a red-hot property market, policies encouraging wealthy foreigners to invest, and a tourism-dependent economy. Thew new measures undertaken by the government include the termination of the controversial "Golden Visa" scheme and a ban on issuing new licenses for short-term holiday rentals such as Airbnb.Read more

01 Mar 2023

Earlier this week, the China Securities Regulatory Commission (CSRC) announced that China has initiated a test program to increase private investment in the real estate industry. The initial fundraising round of the scheme is expected to involve at least 30 million yuan ($4.37 million). The investors involved in the program, primarily institutional investors, are required to contribute a minimum of 10 million yuan each to participate. This program is intended to offer greater opportunities for funds to take part in the development of new homes and real estate asset mergers and acquisitions.Read more

28 Feb 2023

Saudi Arabia has revealed plans for a proposed cube-shaped building called “The Mukaab” in Riyadh, the capital city, that can hold 20 Empire State Buildings. The structure will be 400 meters high and 400 meters long on each side covering 19 square kilometres. The completed structure will have over 100,000 residential apartments, 9,000 hotel rooms, 1.4 million square meters of office space, and an additional 980,000 square meters of retail space. It will also feature community facilities, hospitality hubs, and tourist attractions. The project is backed by the Public Investment Fund.Read more

28 Feb 2023

According to an analysis conducted by UK company Buildworld, Canberra has been designated as the world’s capital city with the largest average home size, which stands at an impressive 256.3 square metres. This is a considerable 560% larger than the average home size in Moscow, which ranked last with an average size of just 45.5 square metres, and 36% larger than Cairo, which ranked second with an average size of 188 square metres.Read more

27 Feb 2023

According to a regulatory document filed with the U.S. Securities and Exchange Commission last week, a subsidiary of Brookfield Corp, the asset manager, is unable to repay loans associated with two buildings in Los Angeles, California. The Brookfield DTLA Fund Office Trust Investor owns two properties, which are the 777 Tower and Gas Company Tower, and both buildings have outstanding debts of approximately $290 million and $465 million, respectively.Read more

27 Feb 2023

The average home rental cost in Singapore has now surpassed that of Hong Kong, which has long been known for its notoriously expensive real estate market. Singapore's political stability, successful management of the pandemic, and influx of multinational companies have all contributed to the increase in rental costs. However, analysts do not expect rental prices to skyrocket again in 2023. On the other hand, they predict that Hong Kong's rental market may rebound this year, given the lifting of its anti-pandemic measures.Read more

27 Feb 2023

According to official data released earlier this month, home prices in China increased in January for the first time in a year. This rise in prices was attributed to the end of the zero-COVID policy, property policies that were favourable, and market expectations of additional stimulus measures, all of which increased demand. Based on data from the National Bureau of Statistics (NBS), new home prices rose by 0.1% on a month-on-month basis in January, compared to a 0.2% decline in December.Read more

24 Feb 2023

As a result of significant gains following years of rising housing prices, homeowners are increasingly drawing on their equity. According to TransUnion data, homeowners took out 333,537 home equity loans in the third quarter of last year. The credit bureau reported that this is the highest number of home equity loans on record dating back to 2010 and represents a 47% rise from the same quarter in 2021. Banks also extended 405,646 home equity lines of credit, or HELOCs, to borrowers in the third quarter, up 41% from a year earlier.Read more

24 Feb 2023

According to IBC Focus, a construction market research specialist, the construction industry experienced a 20% yearly growth in 2022, totalling 29,719 projects in the country Romania. The private residential segment accounted for 31.2% of all projects and marked a 17.3% increase from the previous year. The industrial segment followed closely behind, with a 15.33% share and 5,960 projects, compared to 5,347 in 2021. The hotel and recreation segment came in third place, with 4,615 projects, or an 11.87% share. Investments in infrastructure, which showed the fastest annual growth, came in at sixth place with 3,093 projects in 2022.Read more