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Paris rooms with views get price cap

  Bloomberg What is the price of a view of Paris’s best-known monuments? France’s Socialist government will tell you. For all Saint-Germain-des-Pres’ charm, long gone are the days when a tiny 11 square-meter (118 square feet) furnished studio flat commanded 656 euros ($724) in monthly rent. Real-estate agency Inter Immobilier last month had to explain to the new owner of ...

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Obayashi falls on unit’s link to San Francisco leaning building

  Bloomberg Shares of Obayashi Corp. fell for a seventh day after a unit of the Japanese construction company was found to have done work on a San Francisco tower that is sinking. The shares dropped 4.9 percent to 956 yen at the close in Tokyo Tuesday after earlier falling as much as 8.6 percent, the largest decline since May ...

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Land prices surge in Karachi amid rising demand

  Bloomberg Pakistani financier Arif Habib’s bet on Karachi’s real estate is paying off as land prices in the nation’s financial capital surge amid rising demand and an improving security situation. Prices for Habib’s development in a 1,300-acre property at the northern tip of the city have more than doubled since 2012. Habib’s Javedan Corp.’s project called Naya Nazimabad offered ...

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