realestate
Foreign buyers were responsible for 35% of commercial property purchases in the first quarter of this year, according to a report from BNP Paribas Real Estate. That's a smaller result than any year since 2013 and comes after foreign investors accounted for 37% of transaction volumes in German commercial property in 2023. The investment drop is driven by a number of factors such as high inflation and fears of a recession in Germany. Although the economy performed better than expected in the first three months of the year, with GDP up 0.2%, experts believe that structural issues will continue to...
Euronews (English)
Starwood Property Trust (NYSE: STWD) stock price has underperformed the broader market as concerns about its income and high interest rates continue. Its total return has dropped by 0.50% this year while the S&P 500 index has jumped by 11.30%. Starwood Property TrustStarwood Property Trust is a leading REIT that originates, acquires, finances, and manages mortgage loans in the US, Europe, and Australia. It has four key segments, including commercial and residential lending, infrastructure lending, real estate property, and real estate investing and servicing. Starwood Property Trust has come i...
Invezz
The last piece of privately owned land in the strategic Svalbard archipelago in the Arctic is up for grabs, a property likely to entice China but which Norway does not intend to let go without a fight. The archipelago is located halfway between mainland Norway and the North Pole, in an Arctic region that has become a geopolitical and economic hotspot as the ice melts and relations grow ever frostier between Russia and the West. For 300 million euros ($326 million), interested parties can acquire the remote Sore Fagerfjord property in southwestern Svalbard. Measuring 60 square kilometres (23 sq...
IBTimes
China cut the minimum down payment rate for first-time homebuyers on Friday and suggested the government could buy up commercial real estate, in some of Beijing's most ambitious moves yet to lift the ailing housing market out of an unprecedented debt crisis. Property and construction accounts for more than a quarter of gross domestic product, but the sector has been under unprecedented strain since 2020, when authorities tightened developers' access to credit in a bid to reduce mounting debt. Since then, major companies including China Evergrande and Country Garden have teetered, while falling...
IBTimes
ValueWalk
W. P. Carey (NYSE: WPC) stock price has underperformed its peer group in the past 12 months as concerns about its transformation remains. It has crashed by about 7% in this period while the Vanguard Real Estate ETF (VNQ) has jumped by over 11%. The same performance has happened in the past five years, as shown below. VNQ vs WPC five-year performance Why WPC is underperformingThere are two main reasons why the W. P. Carey stock price has underperformed the market in the past few years. First, the company transformation has taken longer-than-expected to generate the desired results. One of its f...
Invezz
24 star Kiefer Sutherland has sold his historic L.A. area home for $1.6 million, and pictures show a residence that’s both cozy and upscale. The actor and sometimes country singer listed his 2-bedroom, 2-bathroom, 1,182-square-foot bungalow in the Atwater Village area of Los Angeles for $1,825,000 in 2023 before reducing the asking price to $1,750,000 in March of 2024. The property sold for $1,642,500 in a deal that closed on April 18, 2024, according to online property sites. That selling price breaks down to $1,390 per square foot and a monthly payment of $10,656. Built in 1927, the highligh...
PopCrush
There are hopes of improvement for Europe's commercial property market, as a long-standing trend of decline showed a slowdown for the first three months of 2024. Although values were down, they fell by just 0.5% in the first quarter. That was an improvement on the previous quarter, which saw a drop of 3.4%, according to data from the Altus Group. "As we start off 2024, we're seeing encouraging signs in the European commercial property market, with commercial property value declines moderating significantly across all sectors," Altus Group's senior vice president Phil Tily wrote in the group's ...
Euronews (English)
A married Chinese woman in her early thirties, residing in Changzhou with her family, attracted attention when she invested in a secondary property for recreational purposes. Three years ago, Gong Yan purchased the apartment for 500,000 Chinese yuan ($69,000) using her personal savings. Her decision was influenced by the challenges encountered during the COVID-19 pandemic in 2020. Throughout the period, Gong found herself in a 130-square-meter apartment, isolated with her son, husband, and parents-in-law, managing their needs without much time for herself. The acquisition of a 25-square-meter ...
IBTimes
23-year-old Cody Davis and his business partner, Christian Osgood, own around 180 apartments in Texas and Washington, and they used debt to create this growing $25 million real estate portfolio in four years. They now earn a gross revenue of nearly $300,000 monthly. They also bought a resort called Robinhood that overlooks the Hood Canal in Washington. The 90-year-old resort across 12 acres of land has 18 cottages, a beautiful waterfront, and tons of space to host events. They hope to bring in $1 million in revenues from the resort by 2025. On UpFlip's YouTube podcast, the dynamic duo said the...
IBTimes
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