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UK house prices could drop 18% after Brexit: Treasury

  BLOOMBERG British house prices would take a severe blow in the years immediately after a vote to leave the European Union, according to an analysis by the Treasury. The study concludes that prices would be between 10 percent and 18 percent lower by 2018 relative to their performance inside the EU, according to the Treasury. However, Chancellor of the ...

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Tokyo to get bigger skyscrapers with record developer debt

  Bloomberg Japan’s biggest real estate companies are borrowing record amounts of cheap cash to pay for the nation’s tallest skyscrapers yet. Mitsubishi Estate Co. plans to build a 390 meter (1,280 feet) tower with 61 floors above ground in front of Tokyo Station, making it the nation’s biggest building. That and 27 other urban renewal projects in Japan’s capital ...

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Modern-day pioneer puts tiny Nevada town up for sale

  AFP Nancy Kidwell is a modern-day pioneer of the American desert, a rough-riding frontierswoman who built an entire town amid the lonely Yucca trees and sturdy sagebrush, where nothing existed before. A half-century ago, Kidwell and first husband Slim turned a triangle-shaped gravel airstrip abandoned by the US military into a thriving community that featured a casino, store, camper ...

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