Real Estate

  Bloomberg Canadians are looking past signs of damage from low energy prices and predicting the housing surge will continue. According to weekly polling by Nanos Research, the share of respondents expecting higher real estate prices reached the most since December 2014 last week, or 38.7%. That pushed the Bloomberg Nanos Consumer Confidence Index to 54.7 last week, the highest ...

  Bloomberg When the 95-storey Vista Tower is completed in 2020, it will be the third-tallest building in Chicago, and at its very top will be a 7,000-square-foot duplex penthouse, currently offered for $17.1 million. If it sells, the penthouse would just barely eke out an all-time record for Chicago’s most expensive residential real estate. (A penthouse on the 89th ...

  Bloomberg China’s economy stabilized last quarter and gathered pace in March as a surge in new credit spurred a property sector rebound while raising fresh questions over the sustainability of the debt-fueled expansion. Gross domestic product rose 6.7 percent in the first quarter from a year earlier, meeting the median projection of economists surveyed by Bloomberg and in line ...

  Bloomberg When Nashville Mayor Megan Barry was campaigning last year, she made increasing the city’s stock of affordable housing a big part of her platform. It’s not hard to see why: Home prices in the cradle of country music have jumped 58 percent over the past three years as workers flocked to the city’s thriving economy. One in four ...

  Bloomberg Some Spanish banks are advancing more loans to home builders and cutting their borrowing costs, eight years after they froze credit for construction as the nation’s property bubble burst. CaixaBank SA, Spain’s third-largest bank, will this year lend €1.4 billion for developer financing, more than twice the amount in 2015, the lender said. Banco de Sabadell SA gave ...

  Bloomberg The tax benefits of homeownership, which generations of U.S. residents have counted on, have been elusive for typical buyers since mortgage rates started tumbling in 2008, according to an analysis by John Burns Real Estate Consulting LLC. For a married couple who put 20 percent down on a median-priced home and borrowed the rest, the standard deduction for ...

  Bloomberg Local developer Emaar Properties has received bids from contractors for the estimated AED500m ($136m) contract to build its Opera Grand Residential Tower in Dubai. The project involves the construction of a 65-70 storey tower a four level basement, ground floor and podium with townhouses, and 56 residential floors with seven levels for services. The total development will have ...

  Bloomberg Anbang Insurance Group Co., the Chinese insurer that backed out of a takeover bid for Starwood Hotels & Resorts Worldwide Inc., is on track to complete its $6.5 billion purchase of another U.S. hotel company from Blackstone Group LP, said Jon Gray, Blackstone’s global head of real estate. Anbang is under contract to buy Strategic Hotels & Resorts ...

  Bloomberg London’s property market is feeling the pressure from political uncertainty, with the U.K.’s vote on its European Union membership, mayoral elections in May and weakness in the pound contributing to falling house prices in some areas, according to the Royal Institution of Chartered Surveyors. Demand from house buyers fell sharply in the capital in March, RICS said in ...

  Bloomberg Crystal Lagoons, the patented technology developer of giant crystalline lagoons and only global company with the technological capability to make the development of giant controlled manmade bodies of water economically viable, has joined forces with Egyptian real estate development company, TatweerMisr, to develop the first man-made lagoons in the Sokhna mountains. The development will bring six stunning lagoons ...