China's strong growth, one of the fastest sustained expansions of a major economy in history, has been driven for decades by a real estate boom fueled by population growth and urbanization. But the all-important real estate market, which once accounted for 30% of the economy, fell into crisis more than two years ago after...
Chinese real estate developer Evergrande Group filed for bankruptcy protection under Chapter 15 of the US Bankruptcy Code on Thursday in New York State, according to court documents seen by Bloomberg. The chapter protects the company's assets in the US while it negotiates restructuring deals in other jurisdictions. The request from...
Real estate developer China Evergrande Group filed for bankruptcy protection under Chapter 15 of the US Bankruptcy Code on Thursday in New York State, according to court documents seen by Bloomberg. The chapter protects the company's assets in the U.S. while it negotiates restructuring agreements in other jurisdictions. The request from...
The rent for real estate for the operation of public institutions, the residence of directors and other holders of sovereign bodies, in Inhambane province, is around 14 million meticais, revealed the provincial Director of Economy and Finance, Castro Namuaca. Quoted by Notícias, he said that the new model for the functioning of the state, which aims to...
The year 2021 was marked by a drastic fall in the value of state property. By December 2020, the state had a gross value of around 590.6 billion MT in real estate. In December 2021, this value fell to 476.6 billion MT, a reduction of around 113.96 billion...
China's real estate is recovering from a slump caused by a campaign to reduce the sector's debt levels, the vice president of China's central bank said today, following a wave of defaults. Pan Gongsheng referred to Evergrande Group, the world's most indebted construction company, but offered no details on the efforts...
Portugal announced on Thursday a package of measures to combat a housing crisis, including an end to its controversial "Golden Visa" program and a ban on new licenses for the company Airbnbs and other short-term vacation rental contracts. Rents and house prices have risen too much in Portugal,...
Monumental Paris continues to be the world's most popular city for tourism, according to the latest Euro Monitor International ranking. It is also the favorite city of the super-rich, those whose assets exceed 30 million dollars and who number just under 400,000 worldwide. In Paris, house purchases...
The Housing Development Fund (FFH) is looking for funds to materialize housing projects across the country. To make the initiative viable, over the next 18 months, the institution needs one billion meticais, according to Armindo Munguambe, Chairman of the Board of Directors (PCA) of the FFH, a government institution. Speaking to "Notícias",...
Standard Bank has succeeded in creating a multi-million dollar sustainability-linked debt refinancing facility the Grit Real Estate Income Group. The sustainability-linked term loan and revolving credit facility, worth up to $306 million, is considered the largest of its kind to date for the sector...