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Germans fret Draghi rate cuts are fuelling a housing price bubble

  Bloomberg Anna Pesch had long assumed she’d be a renter for years to come, but this month she’s buying a three-bedroom house near the German city of Cologne. She’s got Mario Draghi to thank for that. “We didn’t want our money to keep going into rent,” said Pesch, a 32-year-old speech therapist who started looking for a home two ...

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Brazil’s Itau bank seeks cheaper NY office space

  Bloomberg Brazil’s Itau Unibanco Holding SA plans to move out of its New York City office on the 50th floor of the General Motors Building, which features views of Central Park and some of the highest rents in Midtown, a person familiar with the matter said. The firm, Latin America’s biggest bank by market value, is searching for a ...

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Seniors accustomed to luxury living to get Manhattan tower

  Bloomberg It’s not an accident that Manhattan’s newest senior living facility will rise just blocks away from the gilded co-ops of Park Avenue. Their residents might live in the building someday. Welltower Inc., the biggest U.S. senior-housing owner by market value, is seeking to push into New York, where there’s a dearth of options available for the elderly and ...

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