Property News
US pending homes sales fall month on month after record breaking 2015
Property Wire - 2 Mar 2016 21:55
Pending home sales in the United States fell by 2.5% in the first month of 2016 following the highest average year in nearly a decade, the latest index shows. On the South saw sales rise, but sales are still 1.4% higher ...
Cubs second baseman Zobrist buys in North Center
Chicago Tribune - 2 Mar 2016 20:28
New Chicago Cubs second baseman Ben Zobrist last month paid $1.84 million for a newly built six-bedroom, 4,800-square-foot, Victorian-style mansion in North Center. A Eureka native, Zobrist, 34, in December signed a four...
Former ABC 7 anchor Perez lists Hinsdale home
Chicago Tribune - 2 Mar 2016 20:22
Former WLS-Ch. 7 anchor and reporter Sylvia Perez and her husband, Daniel Blasdell, have placed their four-bedroom, 4,375-square-foot mansion in Hinsdale back on the market for $1.95 million, after a hiatus of more than ...
Another South End church may be converted into condos
Boston - 2 Mar 2016 19:07
A new proposal wants to turn the Immaculate Conception Church into 63 residential units.
Research reveals the extent of sub-letting in the UK without landlords' permission
Property Wire - 2 Mar 2016 18:05
One in six tenants in the UK have rented out part or all of their property to someone who isn’t on the lease agreement, new research has found. Some 25% who sub-let their property didn’t check the terms of their leas...
Spanish Property Prices Lagging Behind Demand
NuWire - 2 Mar 2016 16:23
Demand for Spanish properties is growing significantly, with recovery in both the residential and commercial markets making Spain increasingly popular with domestic and international buyers. However, so far prices remain...
Need for affordable housing not likely to be met by Starter Homes scheme
Property Wire - 2 Mar 2016 14:09
The vast majority of councils in England do not think that Starter Homes should be classified as affordable housing and only 7% of councils think they will address the need for affordable housing in their local authority...
Mortgage applications fall 4.8%, despite rate drop
CNBC - 2 Mar 2016 14:00
Low mortgage rates are no longer a novelty, hence no longer a sudden incentive for mortgage borrowers.
UK farmland market sees east/west divide open up
Property Wire - 2 Mar 2016 11:12
An east/west divide in value growth for farmland in the UK has opened up in what has been a mixed year for sector, according to a new analysis report. Indeed, 2015 was a year of change across the farmland markets as, for...
Cresa Hires Former Cushman Executive as CEO
Wall Street Journal - 2 Mar 2016 03:44
Cresa, a commercial-real-estate services firm that says it is one of the few brokerages that doesn't suffer a conflict of interest, has hired a former senior executive of Cushman & Wakefield as chief executive.
Melrose Plans Residential Developments, Business District Improvements for 2015
Boston - 2 Mar 2016 03:06
Attitudes appear to have shifted from a decade ago, when residents were fiercely against condo development.