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...
Category: Real Estate
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January 10, 2022January 10, 2022Real Estate, Markets
Residential world's 'Mona Lisa' goes up for auction for 261 million euros
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,...
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January 4, 2022January 4, 2022Latest, Real Estate, Markets, World
"Give us our money back!" Investors demonstrate against Evergrande
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...
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January 3, 2022January 3, 2022Real Estate, Markets
Isn't the crisis over after all? Evergrande again suspends stock market operations
The debt-ridden Chinese real estate group Evergrande suspended its operations on the Hong Kong Stock Exchange again this Monday without giving an explanation. Chinese media echoed a document from the local government of Danzhou, on the southern island of Hainan, which ordered Evergrande to demolish 39 buildings within ten days because the...
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December 21, 2021December 21, 2021Latest, Real Estate, World
More than half of the construction companies registered stabilization in the 3rd quarter
A study indicates that more than half (60%) of construction and public works companies recorded a stabilization of their activity during the third quarter of this year, despite a shortage of skilled labor and rising raw material prices. "Assessments of firms' overall activity compared to the previous quarter held steady in the third quarter relative to the three...
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December 8, 2021December 8, 2021Latest, Real Estate, World
Malaysia kicks off construction of world's second tallest building
The building will be 678.9 meters high and have 118 floors, and is scheduled for completion in the 2nd half of 2022. It is a project that will include residential properties, commercial spaces, and a hotel. To be erected in downtown Kuala Lumpur, Malaysia, the building has a triangular glass façade...
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November 26, 2021November 26, 2021Real Estate, Markets
New branch will consolidate the articulation of credit institutions in Nampula
The Bank of Mozambique on Thursday inaugurated its branch in the city of Nampula. Inaugurated by the President of the Republic, Filipe Nyusi, the facility was built from scratch and occupies an area of 7,500 square meters, work on which began in 2012. According to the governor of the Bank of Mozambique, Rogério Zandamela, the new branch of the...
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November 12, 2021November 12, 2021Real Estate, Business
Evergrande again avoids default at the last minute
It is already the third time that the scenario is repeated and the Chinese construction giant Evergrande, which is going through a serious liquidity crisis, gets away with it again and manages to pay, at the last minute, interest on debt securities, thus avoiding default. Sources who closely follow the situation of the Real Estate Company, refer that the...
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November 12, 2021November 12, 2021Latest, Real Estate, Markets, World
Chinese housing crisis may spread to US, says Fed
The US Federal Reserve's (Fed) latest biannual Financial Instability Report, published earlier this week, warns of possible implications of China's real estate problems for the US financial system. Tensions in China's real estate sector could put pressure on China's financial system, with possible consequences for the United States,"...
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October 25, 2021October 25, 2021Latest, Real Estate, Markets, World
IMF. Portugal is among the 10 countries with high housing prices
The International Monetary Fund (IMF) recently released its Global Housing Price Index. The results showed that housing prices rose by 75% among the countries analyzed. Luxembourg tops the list of 60 countries analyzed by the IMF, where prices to own a home are sky-high and rising constantly. Over there,...