News about properties and real estate
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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Lennar unloads 8,300 residential lots [Tampa Bay Florida] Metro Development Group is getting a hold of nearly 4,000 acres of land in seven counties after completing its largest land purchase in company history. Metro, based in Tampa, is buying nearly 4,900 home sites in Pasco, Hillsborough, Polk and Sarasota counties as well as 3,400 other …
It’s a condo conundrum [Central Ohio] The “for lease” signs are going up at central Ohio condominium complexes, to the chagrin of owners who paid full price to buy there. Developers who have been trying to sell condos in a weak real-estate market now are offering to lease them with the option to purchase, while …
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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