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Russian Luxury Real Estate Going Through a Rough Year

Prices of luxury real estate in Russia have suffered a great slump, its major daily, The Moscow Times, reported recently. Since the last economic crisis that hit Russia way back in the year 2008, prices for such properties have increased by only 30.2 percent on the average, according to Knight Frank. This, so far was […]

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Canada Luxury Housing Market Update: Calgary Manor Lists for $12.25M

Sotheby’s International Realty Canada recently unveiled “The Manor House,” the newest luxury property located in Calgary. “The Manor House” is listed with an introductory price of $12.25 million.  The million dollar house is located in Calgary’s prestigious Aspen Estates, reports the site Digital Journal, and is said to be the highest priced residential property introduced […]

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Real estate industry seek effective implementation of Smart City projects

Real estate industry on Thursday hailed the announcement of 98 Smart Cities, but said the government should aggressively focus on effective implementation of these projects to stimulate economic growth and improve quality of urban life. The Confederation of Real Estate Developers’ Association of India (CREDAI) also demanded that the private sector should be roped in […]

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Affordable Homes Offer $11.8-Bn Opportunity for Builders: C&W

New Delhi: Affordable home segment presents a business opportunity worth $11.8 billion for developers across seven major cities of the country, according to property consultant Cushman & Wakefield. Cushman & Wakefield (C&W) has pegged the demand for affordable housing at 5,35,400 units across Delhi-NCR, Mumbai (MMR), Bengaluru, Chennai, Hyderabad, Kolkata and Pune. “Affordable housing presents […]

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$12M Calgary listing bucks trend in luxury real estate

CALGARY – Luxury home sales in Calgary have taken a hit this year thanks to slumping oil prices, but that isn’t preventing Sotheby’s from listing a $12.25 million home today. The asking price for the 10,000-square-foot home, owned by Calgary developer Jim Quinn, is the highest the city has seen since 2009, says Sotheby’s International […]

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Moscow Luxury Real Estate Market Baffled by Economic Crisis

One of the key Russian real estate developers has sold its share in a company that is constructing lavish luxury apartments in central Moscow due to falling demand for such properties, RBC news agency reported on Sunday. In 2014, O1 Group — that owns 14 high-end business center buildings in Moscow — bought a 70 […]

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Cut in home prices, more transparency boost housing loan demand in Gujarat

AHMEDABAD: Decrease in rates by real estate developers and increased transparency by builders in dealings have propelled the demand for home loans in the first quarter of the current financial year. In April-June quarter this year, 27 per cent more beneficiaries procured housing loans from banks across the state compared to the same period last […]

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S&P gives stable outlook to Indiabulls Real Estate

NEW DELHI: Credit rating agency Standard & Poor’s has given a stable outlook to Indiabulls Real Estate LtdBSE 1.71 % (IBREL) as it expects the company’s financial performance to improve over the next 12-18 months. It also affirmed ‘B+’ long-term issue rating on the company’s guaranteed senior notes. “The outlook is stable,” S&P said in […]

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Builders Trim Average Flat Size by up to 26% in 5 Years: JLL

New Delhi: Average apartment sizes fell by up to 26 per cent in last five years across seven major cities in the country as developers are making smaller flats to boost their sales in a sluggish housing market, according to global property consultant JLL India. To beat slowdown in the real estate market, particularly the […]

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Investor buys family real estate portfolio for $136 million

  After investing in buildings one at a time, Chicago real estate firm Speedwagon Properties bought 16 in one fell swoop, taking over a portfolio that includes apartments in Evanston, shopping centers in Kenosha, Wis., and a San Diego office property. Speedwagon paid $135.5 million for the properties, the firm’s biggest deal yet, said Steve […]

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