News about properties and real estate
China limits foreign investment in real estate, other key areas China’s economic planning agency has issued restrictions on foreign investment in real estate and other industries, part of a range of measures aimed at righting imbalances in the economy. A lengthy list of revised rules that take effect Dec. 1 imposes bans on foreign investment …
Continue reading “China limits foreign investment in real estate, other key areas”
Govt plans real estate industry shake-up [New Zealand] A major shakeup of the real estate industry will see the creation of an independent watchdog with the power to impose stiff fines and ban “land sharks”. The planned legislative changes, announced by Associate Justice Minister Clayton Cosgrove today, have been spurred by criticism of the current …
Continue reading “Govt plans real estate industry shake-up [New Zealand]”
Scoop: Real Estate Industry Revamp Good For Kiwis New Zealand First’s housing spokesperson Pita Paraone has welcomed the real estate industry revamp which will offer better protection and compensation for consumers who are ripped off by real estate agents. “For too long there has been insufficient redress for Kiwis who have suffered emotional and financial …
Continue reading “Real Estate Industry Revamp Good For Kiwis [New Zealand]”
‘Current real estate prices are unsustainable’ Trikona Capital, currently the single largest real estate fund dedicated to India, is planning to invest $10 billion in real estate and infrastructure sector over the next 10 years. Trikona has earlier raised close to $500 million in UK and has commitments worth $1.5 billion in over 14 projects …
Continue reading “‘Current real estate prices are unsustainable’ [India]”
Real estate commissions on the rise With the collapse of the sellers’ market, real estate agents are finding themselves in the driver’s seat when it comes to charging fees. During the housing boom, home sellers were in the driver’s seat with real estate agents courting them – often at bargain commission rates. But now that …
UK personal wealth at £6 trillion The wealth of UK households has been given a dramatic boost by rising house prices, says the Halifax bank. It calculates that total net personal wealth more than doubled between 1996 and 2006, to £6.336 trillion. More than half that rise is due to higher house prices which pushed …