In the first quarter of the year, Russian oligarchs and businessmen were targeted by heavy sanctions by the European Union (EU), the United States and the United Kingdom, and decided to bet on Dubai as an escape country. The purchase of properties in Dubai by Russian oligarchs increased by 67% in the first quarter of 2022, when compared to the...
The assets of the defunct state company Correios de Moçambique will be liquidated via a public tender, after all the assessments required for the sale process have been completed, according to an official from the Institute for the Management of State Holdings (IGEPE). "After the government determines the quota of the properties, the liquidation commission will launch a...
A report by South African real estate consulting firm, Rode & Associates, suggests that the property market, particularly houses, in South Africa will see a decline in prices for the seventh consecutive year in 2022, a trend that could prevail for years to come. According to the report, the housing market had a stable start to 2022,...
The Steinway Tower is finished and its apartments are now available for sale. At 435 meters high, this is the third tallest skyscraper in New York (the tallest is One World Trade Center, 541 meters) and boasts a 24:1 height-to-width ratio, making it the tallest...
One hundred and sixty apartments included in the "Habita Mozambique" project will be built this year in Marracuene district, in Maputo, and in the city of Chimoio, Manica province, benefiting the middle income population. The Chairman of the Board of Directors (PCA) of the FFH, Armindo Munguambe, told "Noticias" that the construction of these apartments is part of the...
The Chinese real estate group, Evergrande, appealed this Monday to creditors to be more patient and provide more time for the payment of debts, also asking that "no radical legal actions are taken," says Reuters quoted by the newspaper "Business". Three days ago a group of foreign creditors of the real estate giant Evergrande threatened...
House prices rose by 9.2% in the European Union and 8.8% in the euro area in the third quarter of 2021 compared to the same period in 2020, while rents increased by 1.2% over this period in the EU area. According to data released by Eurostat, this is the largest annual increase for the euro area since 2005, when the...
Housing prices in Spain recorded an increase of 4.3% in 2021, after rising 7.5% in December compared to the same month last year. According to data published by consultancy Tinsa, despite the upturn, "prices are still far from the highs recorded just before the outbreak of the financial crisis in...
The biggest sale ever in the US residential market may be coming soon. Located in Los Angeles, the mansion called 'The One' will be for sale in an online auction for 261 million euros between the next 7 and 10 February. In statements to "CNN", quoted by the Portuguese newspaper Ecnómico, Aaron Kirman,...
Investors in financial products issued by China's largest real estate group, Evergrande, are forcibly demanding on Tuesday the return of their investments ahead of the company's Guangzhou facility. Most are afraid that their profits will be sacrificed to serve as a foundation for the real estate project. The crowd of investors, about...