The market holds a value almost 4 times the world's GDP and that its growth was driven by the residential segment, accounting for 79% of the total value, reveals the latest report from consulting firm Savills. The consultancy says that this growth in the value of the property market has been driven by the residential segment, which has performed as...
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October 13, 2021October 13, 2021Latest, Real Estate, Markets, World
New York Luxury Real Estate Market Reaches New Records
Olshan's Luxury Market Report reveals that New York's residential real estate market is poised to hit a 2021 record high. The numbers of signed contracts for properties valued at over $4 million is doubling year over year. That's a good way to go for the numbers....
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October 11, 2021October 11, 2021Latest, Real Estate, Markets, World
Leonardo DiCaprio buys a house at a bargain price and sells it for USD 10 million
It is an irrefutable truth that the Covid-19 pandemic has brought mute to its knees. Several entities lost money, including the real estate sector. And we are following the unfolding Evergrande crisis in China. But in all of this there were those who proved otherwise and prospered in business, namely the sale of real estate. The most...
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October 8, 2021October 6, 2021Real Estate
Dubai's most expensive luxury penthouse valued at $49M
The 25,000 square foot five-bed triplex penthouse is located at Atlantis The Royal Resort & Residences in Palm Jumeirah. The five-bed triplex penthouse on the top floor of Atlantis The Royal Resort & Residences in Palm Jumeirah, Dubai, is a 25,000 square foot property. The property has six bathrooms, a...
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October 6, 2021October 6, 2021Real Estate, World
Evergrande can raise USD 5 billion with real estate sales
Evergrande intends to sell its majority stake in the property management business. In this regard, the Chinese real estate giant may cash in on $5 billion, according to the international press. So, if the plan goes ahead, this deal will be the largest asset sale ever by an indebted real estate developer. Evergrande is immersed...
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October 1, 2021October 1, 2021Real Estate, Markets
Meet the world's most expensive penthouse. It's for sale in Dubai for 42 million
The world's most expensive penthouse is for sale in Dubai for 42 million euros. The house has 3,320 square meters (m2), five bedrooms, six bathrooms, its own pool and a large terrace
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September 21, 2021September 21, 2021Real Estate, Markets
Chinese Real Estate Debts Trash Stock Exchanges and Shock the World Economy
Evergrande Real Estate, a Chinese real estate company responsible for more than 1,300 projects in 280 cities, is facing a financial crisis that threatens to bring down the international investment market. Fears of this happening led to stock markets around the world crashing this Monday, and left the...
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August 30, 2021August 30, 2021Companies, Real Estate
Teixeira Duarte worsens losses to 19.9 million euros in the first half
Retraction of the economy due to the pandemic and currency devaluation resulted in a reduction in the group's revenues of 13.9% in the first half of the year. In Portugal, Teixeira Duarte grew 36% in real estate and contracted 29% in hotels
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August 25, 2021August 25, 2021Real Estate, Markets
Residential market and luxury rentals increase in the first semester
The global housing market managed to record the fastest growth since December 2016 with 70% of the cities analyzed recording positive changes, reveals the Prime Residential World Cities Index by Savills Aguirre Newman, quoted by El Economista
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August 24, 2021August 24, 2021Latest, Real Estate
Find out which are the most expensive cities in the world after one year of Covid-19
The pandemic has hampered cities with confinements and the disappearance of tourists, thus hurting the cost of living. But according to data released by Mercer, to which the newspaper Ejeprime had access, Hong Kong managed to maintain its lead and remains the most expensive city in the world to live