Best Blue-Chip Real Estate Investments While gambles on up-and-coming neighborhoods and new developments paid off for many real estate investors during the boom, housing markets across the country are now awash with unsold condos and suffering from sluggish sales. But this is not the case for homeowners in so-called “blue chip” neighborhoods. Properties in these …
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Real estate industry bill introduced [New Zealand]
Real estate industry bill introduced [New Zealand] Legislation that creates an independent real estate industry watchdog with the power to impose stiff fines and ban “land sharks” has been introduced to Parliament. Associate Justice Minister Clayton Cosgrove wants the changes in law by early next year and today’s introduction puts the bill on track for …
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‘Current real estate prices are unsustainable’ [India]
‘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 …
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Real Estate Impacts Bank Profitability
Real Estate Impacts Bank Profitability Real estate problems were part of the reason the earnings of Harrison-based First Federal Bank fell 82 percent in the third quarter. The bank earned $301,000 in the quarter, compared to $1.7 million in the year-ago period. The quarterly earnings suffered because the bank increased its loan loss provision because …
In Florida, foreign buyers help buoy high-end real estate market
In Florida, foreign buyers help buoy high-end real estate market All is not disaster in Florida, U.S.A. Thousands of houses for sale are sitting empty across the southernmost state, and there have already been auctions of hundreds of foreclosed homes. But, in a situation typical of wealthy enclaves across the United States, the glistening waterfront …
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As Housing in Florida Plummets, the Top Tier of the Market Just Dips
As Housing in Florida Plummets, the Top Tier of the Market Just Dips Despite a record number of foreclosures and a raft of public auctions of unwanted houses, the upper tier of the real estate market in Florida remains relatively immune to the spreading disaster. The $7 million penthouse is on the water near Fisher …
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