Japan’s average land prices rise for first time in 27 years: Survey
By: Kaori Kaneko TOKYO: Japan’s average land prices rose for the first time in 27 years in the year to July 1 as an influx of foreign tourists boosted demand… Read more »
Category: World
Saudi Arabia to auction detained tycoon’s real estate assets: Sources
By: Marwa Rashad | Stephen Kalin RIYADH: Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of… Read more »
Indian billionaire buys GBP 2 million mansion for his daughter
By Aditi Khanna LONDON:An unnamed Indian billionaire has acquired a 2-billion pound mansion in the Scottish countryside as a home for his daughter who is set to begin her course… Read more »
Barclays and UK govt launch house-building fund of $1.3 billion
By: David Milliken LONDON: Britain’s government and Barclays launched a fund on Wednesday to provide up to 1 billion pounds ($1.3 billion) in finance to small house-builders in an attempt… Read more »
South Korea imposes tougher taxes on properties to curb price surge
By: Cynthia Kim SEOUL: South Korea on Thursday laid out plans to impose tougher taxes on property ownership to rein in owners of expensive homes blamed for stoking a speculative… Read more »
China’s property investment weakens in August
By: Yawen Chen | Kevin Yao BEIJING: China’s real estate investment moderated in August on slower construction and home sales, as authorities’ tight controls on the sector continued to take… Read more »
Turkey rules property sales, rental agreements must be in lira
By: Daren Butler | Humeyra Pamuk ISTANBUL: Turkey ruled on Thursday that property sales, rental contracts and leasing transactions must be made in lira from now on, halting the use… Read more »
How China’s plan to develop rental housing backfired
By: Yawen Chen | Shu Zhang | John Ruwitch BEIJING | HANGZHOU: When President Xi Jinping of China vowed to increase the supply of rental housing last year, millions of… Read more »
UK construction activity slows in August, price pressures ease
By: David Milliken British construction activity slowed in August after reaching a two-year high the month before, as builders worked their way through projects delayed by bad weather earlier in… Read more »
Chinese property developers opt to ‘wait and see’ as failed land auctions climb
By: Clare Jim HONG KONG: Last year China’s more aggressive property developers were willing to pay whatever it took to secure land banks, but today China is seeing a surge… Read more »