German Real Estate Firm Adler Reaches Agreement With Lenders
Troubled German real estate firm Adler Group SA has reached a non-binding agreement with bondholders, according to a company statement released on Thursday morning.
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Troubled German real estate firm Adler Group SA has reached a non-binding agreement with bondholders, according to a company statement released on Thursday morning.
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.
Nov 4, 2019
The Canadian Press
VANCOUVER — The Real Estate Board of Greater Vancouver says home sales surged 45.4 per cent in October from a year earlier as lower prices helped boost sales.
The board says there were 2,858 sales for the month, up from 1,966 sales a year ago, to come in 9.8 per cent above the 10-year sales average for October.
The board says homebuyers have more confidence than in the first half of the year as prices edge down and interest rates remain low.
The composite benchmark price was down by 6.4 per cent from a year ago to $992,900, and down 1.7 per cent over the past six months.
Detached home sales were up 47.3 per cent, where the benchmark price was $1.41 million. Condo sales were up 40.5 per cent with a benchmark price of $652,500. Attached home sales were up 55.8 per cent with a benchmark price of $771,600.
New listings were down 16.4 per cent in October compared with a year ago at 4,074 combined listings. The total number of active listings was down 5.8 per cent from a year ago to 12,236.