Property News
Some Malls Pressure Retailers to Open on Thanksgiving
Wall Street Journal - 25 Nov 2015 05:54
While most department stores set their own hours, the small shops that line mall hallways tend to follow the lead of their landlords, which take their cues from chains like J.C. Penney and Macy's.
Sau Paulo has the highest property taxes for real estate investors
Property Wire - 25 Nov 2015 20:01
As the rate of price growth slows in many global city markets, transaction costs and taxation are becoming increasingly important considerations for investors, a new analysis suggests. With slower price growth forecast i...
Buy to let industry hits out at extra property tax to be introduced next year
Property Wire - 25 Nov 2015 18:50
There has been a furious reaction to the UK Government’s plans to introduce an increased rate of Stamp Duty for property investors purchasing buy to let properties and those buying a second home from April 2016. Stamp ...
The Housing Market is Climbing High, Deep in the Heart of Texas (Infographic)
NuWire - 25 Nov 2015 17:39
As they say in Texas, the Dallas-Fort Worth real estate market is hotter than a fur coat in Marfa. Thanks to several years of economic and population growth, the region’s housing market recovery has galloped ahead of t...
Hinsdale mansion on market for $4.75 million
Chicago Tribune - 25 Nov 2015 14:41
A five-bedroom, 10,830-square-foot French country-style mansion in Hinsdale came on the market Friday for $4.75 million. Built in 2004 and situated on a little over an acre, the three-story mansion has four full baths, t...
Buyer of Oprah's Water Tower condo plans rehab to multiple units
Chicago Tribune - 25 Nov 2015 14:31
The buyer of Oprah Winfrey's massive duplex condominium unit in Water Tower Place plans to rehab the 9,625-square-foot unit and likely break it up into its four original units. As Elite Street reported, Winfrey sold the ...
UK govt announces details of £7 billion house building priority programme
Property Wire - 25 Nov 2015 14:28
The UK government has announced a £7 billion programme to make house building a priority which includes more than 400,000 affordable homes. Chancellor George Osborne called it the biggest affordable housing programme si...
Mortgage applications fall 3.2% as rates retrench
CNBC - 25 Nov 2015 14:00
A definitive rise in mortgage interest rates over the last month is keeping borrowers at bay.
Prime central London property market unlikely to see growth until Q3 next year
Property Wire - 25 Nov 2015 10:39
Potential sellers in central London’s prime property market are staying put and using the money they would have paid in stamp duty on refurbishing their present home, it is suggested. Official statistics show that pric...
Blackstone in Talks to Sell Four Los Angeles Office Towers
Wall Street Journal - 25 Nov 2015 00:32
Blackstone Group LP is in advanced discussions to sell four Los Angeles office towers for significantly more than $1 billion to a group led by West Coast landlord Douglas Emmett Inc.