Global in the news:
U.S. Will Track Secret Buyers of Luxury Real Estate
Concerned about illicit money flowing into luxury real estate, the Treasury Department said Wednesday that it would begin identifying and tracking secret buyers of high-end properties.
China stock swoon could boost US real estate
Chinese investors purchased $8.6 billion in U.S. commercial real estate assets in 2015, according to CBRE, a global real estate services and investment firm. That does not even include real estate development, in which Chinese are also investing in a very big way. China still ranks second behind Canada in this race, but it nearly quadrupled its play in just one year. As China's economy and stock market spiral, will that help or hurt U.S. real estate?
Dubai Real Estate Institute and FIABCI, the International Real Estate Federation, Organize First Comprehensive Urban Thinkers Campus in the Middle East
The Dubai Real Estate Institute ("DREI") in a strategic relationship with FIABCI, the International Real Estate Federation, have joined forces to organize the first comprehensive Urban Thinkers Campus in the Middle East, one of 28 campuses worldwide to be held at the Maydan Hotel on 10th & 11th of January.
Realogics Sotheby's International Realty and Seattle Magazine Debut All-Mandarin Publication "Seattle Luxury Living" Amidst an Increasing Local Chinese Consumer Base
Executives of Realogics Sotheby's International Realty (RSIR) and Tiger Oak Publication's Seattle Magazine have just released a 92-page, all-Mandarin magazine called "Seattle Luxury Living" in response to a steady rise in affluent Chinese nationals arriving to the Seattle/Bellevue metro area.
Stocks crash to push more China cash into global real estate
A wall of Chinese money is heading for global real estate as local investors look for alternatives to the countries crashing stock market. Chinese buyers have already spent billions in the U.S., UK and Australia, causing property prices to rise-and experts say much more cash is on its way.
International homebuyers add $8.32 billion to Texas economy from 2014-2015
Texas homes sales purchased by international homebuyers contributed $8.32 billion to the Texas economy between April 2014 and March 2015, according to the 2015 Texas International Homebuyers Report released today by the Texas Association of Realtors.
Real estate investments in Africa are on the up
Four years ago, few South African institutions and developers expanded their real estate footprint on the African continent, amid perceived risk. Now, African strategies are on the agenda for most developers. It's no surprise, especially with prospects of 20% plus returns on real estate projects, according to PwC figures.
Commercial real estate sales near record pace
One property at a time, Chicago-area commercial real estate is selling at a volume not seen since it peaked in 2007. Through, July, sales of local apartment, hotel, retail, office and industrial properties totaled $12.22 billion, on pace to eclipse every year but 2007's record total of $22.55 billion, according to New York-based research firm Real Capital Analytics.
China Eases Foreign Purchase Rules for Property in Slowdown
China loosened restrictions on foreign investment in real estate after the yuan's depreciation reduced the appeal of Chinese property assets. Overseas companies' Chinese units and foreign nationals working and living in China can buy properties for their own use that meet "real needs," Chinese authorities including the Ministry of Commerce said in a joint statement. Requirements that foreign investors should have paid their registered capital in full before borrowing local loans are removed, according to the statement, dated Aug 19.
Real estate market keeping close eye on China
After holding their own in the initial market upheaval that followed China's devalued currency, real estate investment trusts saw their shares succumb this week- including several that have extensive holdings in Fairfield County (Connecticut).
Stock market slide could impact Bay Area real estate market
The stock markets have a way of spilling over to the housing markets. Real estate experts say in uncertain times, investors turn to the housing market. "So when there's turmoil in international markets," said UC Berkeley professor of real estate finance, Christopher Palmer, "People flee to safe havens and Bay Area real estate has long been one of those safe havens."
Foreign investors are scrambling to buy US housing
Wealthy, very nervous foreigners yanking their money out of their countries while they still can and pouring it into US residential real estate, paying cash, and driving up home prices- that's the meme. But it's more than a meme as political and economic risks in key countries surge.
NAR Releases 2015 Profile of Home Buying Activity of International Clients
Foreign investment in U.S. real estate hit a record high, according to the newly released Profile of Home Buying Activity of International Clients. International clients purchased $104 billion in U.S. residential real estate last year, with Chinese clients leading the way for the first time ever. They continue to spend more money and pay in cash more often.
In the report, you'll also find data on countries of origin, state preferences, prices and financing, intended use and property types, and reasons for purchasing. Read the full report.
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