Asia boost for Detroit real estate
Real estate agents selling Detroit property have reaped unexpected benefits over the North American city’s recent bankruptcy saga.Legal arguments are currently raging over whether the troubled Michigan city is able to file for bankruptcy, which is part of a complex plan to ease its...
Continue Reading • 24 Jul 2013
Williams to drive Ray White's Asia push
The long-serving head of Australian-based Ray White Commercial is moving to a new role next month with the aim of accelerating the group's Greater China and Asia ambitions.The real estate agency has been in Asia, predominantly in Indonesia and Singapore, for more than 20 years with 130 offices...
Continue Reading • 24 Jul 2013
Investors cashing in on Barcelona boom
Luxury Barcelona-based real estate company Lucas Fox has registered a doubling in demand for luxury hotel conversions and off-plan commercial projects in the first six months of 2013 as Barcelona`s international appeal continues to strengthen – especially with investors from Asia once new...
Continue Reading • 24 Jul 2013
Parking or a home; price is the same
A leasehold parking space in central London has been put on the market for almost the same price as nearby apartments.The Hyde Park offices of London real estate agency Kay & Co has been instructed to sell the parking space, which comes with a 91-year lease, for £300,000 (THB14.28...
Continue Reading • 24 Jul 2013
Asia leads global real estate investments
Asia is the world's top destination for property investments, according to Cushman & Wakefield’s Executive Chairman Carlo Sant’Albano.“Interest in real estate is absolutely as high as we have ever seen,” he said in an interview in Tokyo. “When you look at...
Continue Reading • 24 Jul 2013
Aussies pump cash into US oil boom
Australian property investors have pumped more than US$2 million into North Dakota within just the last six weeks, and are keen to further boost their portfolio based around the mining industry.The mining boom in Western Australia has made it the strongest economy in the country. More than 1,000...
Continue Reading • 19 Jul 2013
Belvedere marks construction milestone
Winten Property Group's AUD140 million Belvedere apartment project that led North Sydney's residential revival has celebrated a major milestone, with construction reaching the topping out stage.The site of 138 Walker Street, North Sydney, has seen a flurry of activity since Sydney-based...
Continue Reading • 19 Jul 2013
No sign of foreign buying law changes
Restrictions for international property buyers and investors who want to buy property in the Asia-Pacific region are unlikely to be lifted in the near future, according to Knight Frank’s latest review of property markets in the region.Although the number of cross-border residential property...
Continue Reading • 18 Jul 2013
Indonesia eyes property curbs
In a bid to ease inflation and strengthen the weakening rupiah, Indonesia's central bank plans to implement new measures to address rising home prices and tackle a shortage of US dollars.According to Bank Indonesia Governor Agus Martowardojo, inflation is nearing the upper end of its forecasted...
Continue Reading • 15 Jul 2013
Myanmar buyers look to London
London-based property advisor LondonDom is opening an affiliate office in Yangon, Myanmar, to service increasing demand for U.K. property from local buyers.Managing Director George Shishkovsky will be heading to Myanmar this month to meet with potential clients. His company already has a track...
Continue Reading • 5 Jul 2013
Savills plans for Indochina
Real estate agency Savills has announced the opening of a new Indochina and Myanmar consulting practice. Chris Marriott, Chief Executive Officer of Savills South East Asia said his company is more than ready to take advantage of the increasing opportunities within the Indochina and Myanmar...
Continue Reading • 2 Jul 2013
Golden Visa boost for Portugal property
Portugal's ‘Golden Visa’ is tempting buyers from Asia to invest in residential and commercial assets, with one real estate agency expecting up to €100 billion (S$167 billion) will be invested in property by 2014. The new residency package, brought in by the government last year...
Continue Reading • 25 Jun 2013
Asians opt for cheaper, smaller in London
Asian buyers of London property opt for smaller, lower-priced units and prefer waterside locations according to the latest research from Savills.In its The World in London report, published yesterday the real estate agency, noted that 38 percent of buyers in the overall prime London property...
Continue Reading • 25 Jun 2013
Mansion for sale with owner
Buyers of the de Guigné Estate, which is on the market with a price tag of US$100 million, will get an added extra as part of their property purchase.The home in Hillsborough, California – one of the most expensive in the United States – is being sold with the condition that...
Continue Reading • 20 Jun 2013
Sydney penthouse sale sets new record
By Andrew Batt: A new record for the most expensive Australian apartment ever sold has been set with the AUD$21 million (THB615 million) purchase of a two-storey penthouse in Sydney.The prestigious property at Pacific Bondi Beach was purchased by Will Vicars, Chief Investment Officer of...
Continue Reading • 17 Jun 2013
Record price for parking spaces
By Andrew Batt: Two adjacent parking spots in an exclusive part of Boston sold for US$560,000 (THB17.11 million) after a bidding war erupted between two neighbours.The Boston Globe reported how the spaces, behind Commonwealth Avenue, sold for almost double the average price for a family...
Continue Reading • 17 Jun 2013
Stop overseas London buyers: MP
By Andrew Batt:A UK member of parliament has called for the introduction of a law to stop foreigners buying London new-build properties.Simon Hughes (pictured), the Liberal Democrat MP for Bermondsey & Old Southwark, yesterday told reporters: “Too many of the homes which are being...
Continue Reading • 14 Jun 2013
Edited images land agent in trouble
By Andrew Batt:A Manhattan real estate agent is in trouble after editing photographs of a US$7 million property he was marketing to make it look more attractive.Luis Ortiz was shown altering the images on an episode of the top television programme Million Dollar Listing New York. The...
Continue Reading • 14 Jun 2013
Pop star Joel sells Miami mansion
By Andrew Batt: Pop star Billy Joel has sold his Miami Beach waterfront mansion for a reported US$13.75 million.The 8,880 sqft luxury property on La Gorce Island features seven bedrooms, nine bathrooms, two kitchens and a four-car garage.The sale, which was handled by Sotherby’s Real...
Continue Reading • 13 Jun 2013
London demand to outstrip supply
By Andrew Batt:Supply of new housing in Central London will fall as much as 40 percent short of demand over the course of the next ten years, according to a new research report.Analysis by Knight Frank published in its London Calling report this week predicts that if the annual uplift in...
Continue Reading • 13 Jun 2013