Real Estate

Bloomberg UK real estate agents reported that house prices increased for the first time in more than a year last month. In more evidence of a pickup in sentiment following Boris Johnson’s December election victory, which lifted uncertainty about whether the country would leave the European Union, an index of price changes rose to the strongest level since 2017. Measures ...

Bloomberg Singapore home builders will have one less restriction to worry about after changes to the rules under which some real estate firms operating in the city-state sell apartments. Publicly listed housing developers with a “substantial connection to Singapore” will be allowed an exemption from the Qualifying Certificate regime, according to a statement from the Ministry of Law and Singapore ...

Bloomberg WeWork plans to name Sandeep Mathrani as its new chief executive, according to a person familiar with the matter. Mathrani, who previously was chief executive of Brookfield Property Partners’ retail group, will replace Artie Minson and Sebastian Gunningham. The duo has served as co-CEOs of WeWork parent We Co since Adam Neumann stepped down in September following a failed ...

Bloomberg UK house prices jumped the most in more than a year in January, according to Nationwide Building Society. Values rose 1.9% from a year earlier, the most since November 2018, the mortgage lender said on Wednesday. From December, prices increased 0.5%. The UK housing market is showing signs of life after Boris Johnson’s decisive election victory brought about a ...

Bloomberg Asking prices for UK homes increased by the most for any January on record in a sign that the Conservatives’ December election win boosted confidence, according to property website-operator Rightmove. Values increased 2.3% on the month to an average 306,810 pounds ($400,000) Rightmove said in a report on Monday. In London, they gained 2.1% from a month earlier, a ...

ABU DHABI / WAM Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy and sustainable real estate companies, has announced the launch of a sustainable real estate investment trust (REIT) — the first ‘green’ REIT to be introduced in the UAE. The REIT was launched at Abu Dhabi Sustainability Week (ADSW), by Ahmed Ali ...

Bloomberg China’s wealthy families are twice as likely as global peers to have made their millions in real estate, according to a report co-authored by UBS Group AG, which found an increasing focus on wealth preservation and succession. Almost 30% of participants surveyed said their family wealth came from property, followed by consumer discretionary and industrials. The swelling ranks of ...

Bloomberg Manhattan home sales slipped 1.2% in the fourth quarter — and that’s the best news for the market in two years. It was the smallest year-over-year decline in deals since buyers started retreating in 2017, according to a report by appraiser Miller Samuel Inc and brokerage Douglas Elliman Real Estate. While home-shoppers are still wary of overpaying in a ...

Bloomberg Peninsula Land Ltd, an Indian property developer, blamed overdue rent from prime minister Narendra Modi’s government for missing a 23.5 million rupees ($330,000) debt payment. It couldn’t pay State Bank of India (SBI) on time because India’s tax departments, which had leased office space from Peninsula, were delaying rent payments, the company said in a filing. The loan used ...

Bloomberg Home prices in 20 US cities rose at the fastest pace in five months in October, posting a third straight acceleration as real estate markets showed fresh strength at the start of the fourth quarter. The S&P CoreLogic Case-Shiller index of property values advanced 2.2% from October 2018, according to data that exceeded estimates in Bloomberg survey of economists. ...