Real Estate

  Bloomberg Demand for London homes under construction slumped by 33 percent in the first quarter as a new tax on overseas buyers and high values damped demand. The number of homes sold prior to completion in the U.K. capital fell to 5,947 from a record high of 8,927 a year earlier, according to data compiled by Molior London that ...

  Bloomberg U.K. house prices climbed to a record in April as demand from landlords in the previous month created knock-on effects through the property market, according to Rightmove Plc. Average asking prices rose 1.3 percent from March to 307,033 pounds ($437,000), the property website operator said in a report published Monday. It left values 7.3 percent higher than a ...

  Bloomberg Immofinanz AG and CA Immobilien Anlagen AG plan to merge in a transaction that would create the biggest commercial property group in central and eastern Europe, following a hostile takeover battle that ended without a deal last year. Immofinanz agreed to buy a 26 percent stake in CA Immo from Russian billionaire Boris Mints’s O1 Group Ltd. in ...

  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 ...