realestate
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
Cop Your XXL Merch Now Although Drake is having some major problems with trespassers invading his home in Toronto, it hasn’t stopped him from buying some prime real estate in the United States. The 6 God recently acquired a $15 million ranch in Texas. Drake’s $15 Million Texas Ranch Includes an Organic Farm, Four CottagesDrake has acquired a sprawling ranch in Texas for $15 million. The Grammy Award-winning rap star purchased The Inn at Dos Brisas, a 313-acre resort located in Chappell Hill, Texas. The former resort is 45 minutes from Houston. Drizzy copped the countryside ranch from realtor L...
PopCrush
They say that one of life’s never-ending quests is the search for good real estate, and that certainly seems true of investors. Having a stake in an appreciating, high-value property can round out your investing portfolio in ways that trendier, noisier stocks like big tech cannot, for all their volatility. A good real estate investment is like a building itself – sturdy and secure, growing over time. Here are the top performing five real estate stocks to consider in May 2024, in our opinion: UMH Properties (UMH)Grainger PLCSobha LtdCushman & WakefieldGodrej Properties Ltd1. UMH Properties UMH ...
Invezz
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