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The Latest in Property...
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.
Contracts to purchase previously owned U.S. homes climbed in July for the sixth time in the last seven months, signaling further momentum in residential real estate.
U.K. house price growth slowed in August in a sign values are stabilizing, according to Nationwide Building Society.
Agile Property Holdings Ltd. plans to accelerate asset sales after the Chinese residential homebuilder recorded a 51 percent slump in first-half profit.
Sorry, now you can’t afford Queens, either. Apartment sales in the outer boroughs are higher than ever
On a street with some of New York’s most expensive homes, a two-bedroom apartment can be found for $849,000 -- a relative bargain in supply-strapped Manhattan.
Sweden’s plan to subsidize housing construction will do little to solve the apartment squeeze in the major cities that has economists warning of a property bubble, according to the Swedish Construction Federation, which represents more than 3,100 companies.