Hines, one of the world’s largest real-estate groups in terms of assets, is preparing to spend $1.6 billion on buildings in the U.K., doubling its assets in the country in an effort to diversify away from riskier acquisitions.
London looks likely to experience a drought of new housing over the next few years, as construction of homes amid fears of renewed recession and a dearth of mortgage finance, a report from property consultant suggests.
Pundits once mocked Shanghai’s Pudong district, a purpose-built version of Manhattan, as overdesigned and underoccupied. Today, as worries of a Chinese property crash are back in force, Pudong is an unlikely bright spot.
Pundits once mocked Shanghai’s Pudong district, a purpose-built version of Manhattan, as overdesigned and underoccupied. Today, as worries of a Chinese property crash are back in force, Pudong is an unlikely bright spot.
China’s property prices are dropping at a faster rate, suggesting Beijing has tamed housing costs but also raising concerns about China’s role as a global engine of growth.
E-House (China) Holdings has offered to acquire China Real Estate Information Corp. in a cash-and-stock deal that values China Real Estate at $897.3 million.
Foshan in Guangdong province became China’s first city to say it’s relaxing its curbs on the property market amid mounting concerns that the real-estate sector is in trouble.
Sweden’s property market is in robust health. At the country’s biggest-ever property auction, which got under way in Stockholm this week, 25 properties were sold for a total of $137 million.
Europe’s commercial-property market, which for the past two years has been slowly recovering from the depths of the financial crisis, is starting to weaken again due to fears of a global recession.