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The Latest in Property...
Senior-housing companies in Canada rallied after Amica Mature Lifestyles Inc. agreed to be acquired by a pension fund-backed company, extending an industrywide consolidation.
Home Afrika Ltd., Kenya’s only publicly traded property developer, fired its second chief executive officer in two years, a week after reporting a first-half loss and posting revenue that failed to meet analysts’ expectations.
Hong Kong monthly home sales were the weakest in 17 months in August, as a deepening stock market rout that began in China hurt sentiment among homebuyers.
New York’s first real estate project financed significantly though crowdfunding is set to open, a step forward for a nascent investing model that has yet to prove itself in commercial property.
U.K. mortgage approvals rose more than economists forecast in July and net lending on property increased the most in seven years in a sign of strengthening momentum in the housing market.
Sales of the most expensive luxury homes more than doubled in Toronto in the first seven months of the year, fueled by foreign demand for housing in Canada’s largest city, according to Re/Max Holdings Inc. and Re/Max Integra.
London developers are achieving record premiums for new apartments even as sales slow.
Oil-producing states defied the U.S. housing crash by posting gains in home values as the rest of the nation suffered. Now, with crude trading at half what it was a year ago, it may be their turn for lower property prices.
The fastest-rising neighborhood in London’s property market isn’t posh Knightsbridge or hip Shoreditch, it’s Thornton Heath, an unglamorous suburb of commuter-town Croydon that’s almost nine miles (14 kilometers) from Buckingham Palace.