Real Estate

  Bloomberg Canadian consumer confidence fell for the first time in eight weeks as readings on job security and the economic outlook deteriorated, telephone polling shows. The Bloomberg Nanos Consumer Confidence Index dropped to 57.3 in the week ending May 13, from a 2016 high of 57.7 in the previous period. It was the biggest decline since January, as sentiment ...

  Bloomberg Real estate prices in Sao Paulo, Brazil’s biggest market, have bottomed out and should remain near that level until at least next year as Brazil’s recession plods on, according to two of the city’s largest real-estate companies. The outlook is a dismal reflection of business activity in the city, the country’s major financial hub and third-biggest contributor to ...

  Bloomberg Land Securities Group Plc, the U.K.’s largest real estate investment trust, said full-year earnings increased 10 percent as offices filled up more quickly than expected and interest costs fell. Profit excluding changes in asset values and one-time items climbed to 362.1 million pounds ($525 million) from 329.1 million pounds a year earlier, the London-based company said in a ...

  Bloomberg A custom-built home in the heart of California’s Silicon Valley had its price cut by $500,000 last week after sitting on the market since the end of March — a move that would’ve been almost unfathomable a year ago and a signal that frenzied demand has peaked. The six-bedroom, five-bath house in Palo Alto — located blocks from ...

  AFP Chinese nationals became the largest foreign buyers of US homes last year as they pour billions into American real estate, seeking safe offshore assets, according to a new study Sunday. A huge surge in Chinese buying of both residential and commercial real estate last year took their five-year investment total to more than $110 billion, according to the ...

  Bloomberg U.K. house prices rebounded in May after an investor rush to beat a new tax introduced last month left behind a shortage of homes for sale, according to Rightmove. Asking prices increased 0.4 percent to an average 308,151 pounds ($442,000), the property website operator said on Monday. Prices for properties traditionally sought by first-time buyers surged 6.2 percent. ...

  Bloomberg Singapore developers sold 12 percent less homes in April, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market. Developers sold 745 units last month, compared with 843 in March, according to data released Monday by the Urban Redevelopment Authority. Singapore home prices have dropped for 10 quarters, posting the longest losing streak in almost two ...

  Bloomberg Hotels in sun-drenched Miami are getting burned by a pullback in Brazilian travel and a building boom that has added thousands of rooms to the market. Nightly room costs are dropping. Greater Miami’s revenue per available room — a key measure of rates and occupancies known as revpar — has fallen each month this year, and in April ...

  AP The global luxury housing market lost some of its sheen last year as financial markets became unsettled and many wealthy buyers began to look for less expensive homes. “The return of realism,” is how Dan Conn, chief executive of Christie’s International Real Estate, described the high-end market that stretches from San Francisco to Singapore. Sales in a sector ...

  Bloomberg Most business travellers are at the mercy of their employer’s travel policies when it comes to where to stay. But once you get to your hotel, you’ll need to impress a different power broker to make your visit as comfortable as you can: the front-desk agent. With a few keyboard taps, these often-forgotten employees can control whether you ...