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The Latest in Property...
Forget Art Basel. The biggest news out of Miami Beach these days is the ever-evolving Faena District, a massive masterplanned arts/entertainment/residential development that stretches four blocks along Mid-Beach between the Atlantic Ocean to Indian Creek. Argentinian developer Alan Faena enlisted starchitects Rem Koolhaas and Norman Foster, and even film director Baz Luhrmann, to create an arts-laden "utopian" city-within-a-city. As the hotel opens Dec. 1, let's take a look at the $1 billion development's progress.
Sydney home prices fell the most in five years in November as a regulatory crackdown forces banks to tighten lending and increase mortgage rates.
Oil at $35 a barrel for a period of five years would trigger a 26 percent collapse in Canadian home prices, according to stress tests run by Canada’s housing agency.
Contract signings to purchase previously owned U.S. homes rose less than forecast in October after declining in the prior two months, showing residential real estate is cooling heading into the quieter selling season.
Vonovia SE shareholders voted in favor of the company’s 9.9 billion-euro bid for Deutsche Wohnen.
Vonovia SE shareholders voted in favor of a 9.9 billion-euro ($10.5 billion) hostile takeover bid that would cement its position as Europe’s second-largest publicly traded property company.
Jeff Patmont got his home loan on his phone.
U.K. mortgage approvals rose in October, indicating continued robust demand in the housing market.
The U.K.’s amateur landlords, already bruised by higher taxes when they buy rentals and lower rates of tax relief, could be facing a new blow.