Real Estate

  AFP Unions and employers in Germany’s construction industry on Wednesday agreed a pay hike of around five percent for some 750,000 workers in the sector. The employers’ federation, ZDB, and the union IG Bau said they have agreed a pay increase of 4.6 percent for workers in the west of the country in two stages over a period of ...

  Bloomberg The appetite for midcentury modern homes never seems to abate—at least not according to the real estate agents who sell them. “Midcentury modern was one of the biggest home design trends in 2015 but has only continued to pick up steam in 2016,” says Kerrie Kelly, Zillow Digs home design expert. According to a study, homes with “Midcentury” ...

  EMIRATES BUSINESS MBLM, the Brand Intimacy Agency focused on strategy, design, creative and technology, announced the successful launch of a comprehensive real estate branding program for One Central, a mixed-use, multi-billion-dollar project. One Central is the latest real estate development from Dubai World Trade Centre (DWTC). The 540,000 m2 master plan encompasses commercial, residential, hospitality and entertainment components, and ...

  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 ...