News about properties and real estate
Levitt and Sons’ bankruptcy leaves Orlando-area buyers without homes The financial collapse of one of America’s legendary home builders has left people throughout Central Florida stuck with unfinished houses, liens against their properties, unopened clubhouses and community pools, and warranties that could be worthless. Many of the victims, scattered throughout the Southeastern United States, don’t …
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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 …
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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 …
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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 …
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‘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 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 …