European Real Estate Deals Slump to Lowest Level in 13 Years
The deep freeze that’s gripped Europe’s real estate markets since borrowing costs jumped worsened at the start of the year as deals plunged to their lowest levels since 2011.
Latest Videos
The information you requested is not available at this time, please check back again soon.
The deep freeze that’s gripped Europe’s real estate markets since borrowing costs jumped worsened at the start of the year as deals plunged to their lowest levels since 2011.
Investors are looking for the next policy domino to fall in Asia amid an escalating campaign against a resurgent dollar, after Indonesia used a surprise interest rate hike to defend the rupiah.
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker.
Macrotech Developers Ltd., a real estate firm that operates under the brand name Lodha, expects pre-sales to grow about 20% in the year to March after reporting its highest ever quarterly revenue.
Distressed Indonesian property developer PT Agung Podomoro Land has hired financial advisory firm Kroll Inc. to advise on an exchange of $132 million of bonds due in June, according to people familiar with the plan.
Jan 4, 2022
The Canadian Press
CALGARY -- The Calgary Real Estate Board says December sales climbed by nearly 45 per cent year-over-year as 2021 ended with a record number of homes changing hands.
The Albertan board says Calgary saw 1,737 homes sold last month, up from 1,199 during December 2020.
Last month's home sales brought the year-end total to 27,686, nearly 72 per cent higher than last year and more than 44 per cent higher than the 10-year average.
The average home price increased by 10 per cent last month to reach $477,977, while the average price across 2021 was $492,704.
New listings for December sat at 1,230, up almost five per cent from 1,172 a year ago.
CREB's chief economist Ann-Marie Lurie say the figures indicate that the market is beginning 2022 with some of the tightest conditions seen in more than a decade.
"Concerns over inflation and rising lending rates likely created more urgency with buyers over the past few months," she said, in a release.
"However, as is the case in many other cities, the supply has not kept pace with the demand causing strong price growth."