Turkish Media Mogul’s Istanbul Mall Seized Over Unpaid Debt
An Istanbul shopping mall owned by Turkey’s biggest media empire was seized after the company failed to repay some of its debt, the latest blow from a series of unpaid loans.
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An Istanbul shopping mall owned by Turkey’s biggest media empire was seized after the company failed to repay some of its debt, the latest blow from a series of unpaid loans.
Thai conglomerate DTGO Corp. is weighing listing its UK hospitality assets via a real estate investment trust in Singapore as soon as next year, according to people with knowledge of the matter.
Osman Semerci, a once-rising star at Merrill Lynch & Co. until the unit he oversaw helped usher in the firm’s demise, is in the spotlight again.
Russians established more than 1,300 firms in Turkey in 2022, a 670% increase from the previous year, according to a report by The Economic Policy Research Foundation of Turkey, a think tank.
The world’s most indebted developer said it expects that a restructuring support agreement will be ready by the end of March, after it won preliminary support from a group of major creditors.
Jul 20, 2021
BNN Bloomberg
,As prices in many Canadian housing markets have increased sharply since the start of the pandemic, it should be no surprise that some would-be buyers are looking to buy a new home in unconventional manners, a new poll found.
One in three Canadians homebuyers said they are considering so-called “workarounds” in order to buy a home, according to a new Leger poll commissioned by real estate brokerage Re/Max. That includes renting out a portion of their primary residence, pooling finances with friends or family to come up with sufficient funds, or even living in a shared space with neighbours.
Roughly two-in-five respondents (42 per cent) listed affordability as their main barrier to entering the real estate market, a four per cent increase from last year’s results.
"It's promising to see Canadian buyers deploying their ingenuity to be able to buy a home,” said Elton Ash, regional executive vice president at Re/Max of Western Canada, in a release. “But we must address the urgency of the underlying affordability problems, which are predominantly systemic."
“While we wait for a nationally and municipally supported housing strategy based on an aggressive goal to boost our national inventory of affordable housing, there are regions across the country, especially in Western Canada, that remain accessible to first-time buyers looking to break into the market.”
Just over one-quarter (26 per cent) of respondents said their salary isn't high enough as a barrier to homeownership, while 18 per cent of people surveyed cite the fear of rising interest rates. The same amount opt to remain on the sidelines over fears of becoming "house poor".
Those seeking more affordable markets would do well to look outside of Ontario. The poll highlights St. John’s, Nfld. as the most affordable market year-over-year, with an average selling price of $307,619.
Winnipeg and Regina are also relatively flat compared to one year ago, with the average selling prices for homes in those markets below $350,000.