News about properties and real estate
Edgefield estate to be put on the auction block [Bluffton SC] A prime piece of real estate along Broad Creek on Hilton Head Island will be on the auction block next week with a price tag starting at $9.5 million. A 16-acre parcel and a 27-unit unfinished condominium building at Edgewater on Broad Creek on …
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Uncertainty figures into forecast for Denver commercial real estate This year appears to be one of uncertainty for commercial real estate in metro Denver, according to a new report by CB Richard Ellis Inc.’s Denver office. Volatile capital markets, tougher lending standards and 2008 being a presidential election year are among the trends that will …
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Alberta real estate sales increased in 2007 [Canada] Alberta ended 2007 with $25.5 billion in residential MLS sales, up 19.9 per cent compared with 2006, according to a report released Monday by the Canadian Real Estate Association. The report also said that overall sales were down by 3.9 per cent last year from a year …
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Shanghai’s real estate sector in doldrums [China] Investment in Shanghai’s real estate market is expected to grow less rapidly and become more vulnerable to policy uncertainties in 2008, according to several large real estate service providers. Real estate investment saw a slowdown in the fourth quarter last year, with only one notable sales transaction completed …
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Business coalition opposes hike in real estate transfer tax [Chicago] Calling a proposed 40 percent increase in a government fee charged on Chicago home buyers “the wrong tax on the wrong people at the wrong time,” a coalition of real estate agents, home builders and business interests Thursday urged the City Council to delay a …
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US recession will boost Philippines real estate – experts A looming recession in the United States is expected to boost the Philippines’ booming property market and its outsourcing industries, real estate consultants CB Richard Ellis (NYSE:CBG) said Thursday. ‘We see no end for the demand for commercial real estate,’ CB Richard Ellis Philippines chairman Rick …
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