Tag #Real Estate

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us.cnn.com

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Jul 23, 22:13

Trump's Home Sale Tax Cut Proposal Sparks Debate Amidst Growing National Debt

President Trump's proposal to eliminate capital gains taxes on home sales, supported by Rep. Marjorie Taylor Greene, is causing concern given its potential to exacerbate wealth inequality and strain the national budget, especially following a recent bill increasing deficits by $3.4 trillion and redu...

Trump's Home Sale Tax Cut Proposal Sparks Debate Amidst Growing National Debt

President Trump's proposal to eliminate capital gains taxes on home sales, supported by Rep. Marjorie Taylor Greene, is causing concern given its potential to exacerbate wealth inequality and strain the national budget, especially following a recent bill increasing deficits by $3.4 trillion and redu...

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How does the current capital gains tax on home sales affect different demographics, particularly considering inflation and regional housing market variations?

Currently, homeowners can exempt up to $250,000 (single) or $500,000 (married) in capital gains from taxes. However, due to inflation since 1997, many homeowners, especially in high-priced areas or those who've owned their homes for decades, exceed these limits, resulting in significant tax liabilities. A National Association of Realtors study estimates that by 2035, 70% of homeowners may have gains exceeding $250,000.

cincodias.elpais.com

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Jul 23, 10:16

El Corte Inglés Achieves Record Low Debt, Boosts Profitability

El Corte Inglés's net financial debt dropped to €1.796 billion in 2024, a 64% decrease from 2014, driven by asset sales (including €660 million from real estate and €1.105 billion from its insurance business) and resulting in improved profitability and increased dividend distribution.

El Corte Inglés Achieves Record Low Debt, Boosts Profitability

El Corte Inglés's net financial debt dropped to €1.796 billion in 2024, a 64% decrease from 2014, driven by asset sales (including €660 million from real estate and €1.105 billion from its insurance business) and resulting in improved profitability and increased dividend distribution.

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How did El Corte Inglés's asset divestiture strategy contribute to its debt reduction, and what were the key transactions involved?

The company's debt reduction strategy, implemented since 2018 with a focus on selling non-strategic assets and real estate, resulted in €660 million from property sales and €1.105 billion from the partial sale of its insurance business. This proactive approach, supported by improved EBITDA (€1.208 billion in 2024), generated a strong free cash flow of €497 million in 2024.

kathimerini.gr

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Jul 22, 10:12

High-End Tourism and Tech Investments Fuel Greece's Economic Growth

Greece's tourism sector is experiencing significant growth, attracting substantial investments in high-end projects, including a new mega-yacht hub in Astakos, while companies are expanding their operations in Athens, showcasing economic progress and diversification.

High-End Tourism and Tech Investments Fuel Greece's Economic Growth

Greece's tourism sector is experiencing significant growth, attracting substantial investments in high-end projects, including a new mega-yacht hub in Astakos, while companies are expanding their operations in Athens, showcasing economic progress and diversification.

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Industry, Innovation, and Infrastructure

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What are the most significant economic impacts of the growth of high-end tourism in Greece?

Greece's tourism sector is booming, attracting high-end investments in Athens. The Astakos region is set to become a mega-yacht destination, while companies like Triumph and Stilmet are expanding their operations.

bbc.com

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Jul 20, 10:09

Saudi Arabia Opens Property Market to Foreigners

Saudi Arabia's Council of Ministers approved a new law allowing foreigners to own property, starting January 2026, aiming to attract foreign investment and diversify the economy, although it may impact housing affordability for Saudi citizens.

Saudi Arabia Opens Property Market to Foreigners

Saudi Arabia's Council of Ministers approved a new law allowing foreigners to own property, starting January 2026, aiming to attract foreign investment and diversify the economy, although it may impact housing affordability for Saudi citizens.

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Decent Work and Economic Growth

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What are the immediate economic implications of Saudi Arabia's new foreign property ownership law?

Saudi Arabia's Council of Ministers recently approved a new law allowing foreigners to buy and own property, effective January 2026. This expands previous laws, offering unprecedented ease of ownership with certain conditions, aiming to attract foreign investment and diversify the economy. Details will be published soon on the government's 'Estilaa' system.

kathimerini.gr

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Jul 20, 22:10

Greek Banks Go Digital: Online Platforms for Real Estate Sales and Mortgages

Greek banks are transforming into digital real estate brokers, selling repossessed properties and offering mortgages online; Piraeus Bank leads with 10,000 properties (€3.6 billion), while National and Eurobank utilize partnerships to expedite sales and loans.

Greek Banks Go Digital: Online Platforms for Real Estate Sales and Mortgages

Greek banks are transforming into digital real estate brokers, selling repossessed properties and offering mortgages online; Piraeus Bank leads with 10,000 properties (€3.6 billion), while National and Eurobank utilize partnerships to expedite sales and loans.

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What are the challenges banks face in bringing their repossessed properties to market, and how are they addressing these issues?

The initiative addresses the slow process of legal and technical clearances for property sales. Piraeus Bank aims to have 400 million euros worth of properties with digital identities and available for sale by year's end. Other banks like National Bank and Eurobank are also adopting similar digital strategies, partnering with fintech companies to streamline processes.

elpais.com

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Jul 19, 07:10

Tech-Driven Real Estate Firm UrbanFlip Disrupts Madrid Market

Mohamed El Madani's UrbanFlip uses machine learning to identify and renovate underpriced properties in Madrid's prime areas, attracting high-net-worth investors with high returns and revitalizing neglected buildings; the company projects €50 million in revenue by 2025.

Tech-Driven Real Estate Firm UrbanFlip Disrupts Madrid Market

Mohamed El Madani's UrbanFlip uses machine learning to identify and renovate underpriced properties in Madrid's prime areas, attracting high-net-worth investors with high returns and revitalizing neglected buildings; the company projects €50 million in revenue by 2025.

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How is technology disrupting the traditional Spanish real estate market, and what are the immediate consequences?

Mohamed El Madani, founder of UrbanFlip, uses technology to modernize Spain's archaic real estate market, focusing on prime areas of Madrid. His firm buys, renovates, and resells properties, leveraging 75-90% funding from individual investors who see returns exceeding 30% annually. This approach revitalizes neglected buildings, returning them to the market.

theguardian.com

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Jul 23, 22:13

Simultaneous House Price Rises Across Australia's Capital Cities

Australia's eight capital cities saw simultaneous house price increases in the June quarter for the first time in four years, fueled by interest rate cuts and increased buyer demand; however, rising prices in some cities have created affordability issues.

Simultaneous House Price Rises Across Australia's Capital Cities

Australia's eight capital cities saw simultaneous house price increases in the June quarter for the first time in four years, fueled by interest rate cuts and increased buyer demand; however, rising prices in some cities have created affordability issues.

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What were the immediate impacts of the simultaneous house price rises across Australia's capital cities in the June quarter?

Australia's eight capital cities experienced simultaneous house price increases for the first time in four years during the June quarter, driven by interest rate cuts and increased buyer activity. This surge affected various property types across numerous suburbs, with Perth showing significant growth. However, price increases have slowed in some cities like Brisbane and Adelaide due to affordability concerns.

cincodias.elpais.com

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Jul 22, 19:15

Ortega's 2024 Earnings: €3.432 Billion After Adjustments

Amancio Ortega's Pontegadea group, comprising three holding companies, reported €6.373 billion in combined net profit for 2024 before adjustments; however, Ortega's share, accounting for his varying ownership percentages across holdings, was €3.432 billion.

Ortega's 2024 Earnings: €3.432 Billion After Adjustments

Amancio Ortega's Pontegadea group, comprising three holding companies, reported €6.373 billion in combined net profit for 2024 before adjustments; however, Ortega's share, accounting for his varying ownership percentages across holdings, was €3.432 billion.

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How does Pontegadea's three-holding-company structure impact the calculation and interpretation of its overall financial performance?

Ortega's wealth stems from diverse investments, primarily his significant Inditex stake (50.01%) and substantial real estate holdings. Pontegadea's structure, involving three independent holding companies, complicates a straightforward calculation of total earnings, necessitating adjustments to account for overlapping assets and diverse ownership structures.

milano.repubblica.it

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Jul 21, 16:12

Milan Urban Planning Scandal: Six Arrest Requests Amidst Corruption Allegations

A Milanese investigation into potentially illegal land deals involving public areas and private developers has led to arrest requests for six out of 74 suspects, prompting the ANM to support the prosecutors amidst criticism. The investigation involves millions of euros in suspicious bank transfers, ...

Milan Urban Planning Scandal: Six Arrest Requests Amidst Corruption Allegations

A Milanese investigation into potentially illegal land deals involving public areas and private developers has led to arrest requests for six out of 74 suspects, prompting the ANM to support the prosecutors amidst criticism. The investigation involves millions of euros in suspicious bank transfers, ...

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Peace, Justice, and Strong Institutions

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How did the alleged irregularities in the land deals occur, and who are the key individuals involved?

Prosecutors allege that numerous planning agreements facilitated the transfer of public lands to private entities without regard for public interest. The investigation involves high-profile figures, including a former council member and developers, and highlights concerns about potential corruption and abuse of power in urban development. The scale of the alleged offenses involves millions of euros in suspicious bank transfers and offshore companies, expanding the scope of the investigation.

dailymail.co.uk

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Jul 20, 22:10

NYC Foreclosure Rates Soar, Hitting Even Wealthy Enclaves

A recent report reveals an 11% increase in NYC foreclosures this spring, impacting even wealthy Park Avenue residents (8 foreclosures in zip code 10022) due to rising interest rates, economic distress, and the end of pandemic protections; Brooklyn leads with 129 filings, a 36% increase.

NYC Foreclosure Rates Soar, Hitting Even Wealthy Enclaves

A recent report reveals an 11% increase in NYC foreclosures this spring, impacting even wealthy Park Avenue residents (8 foreclosures in zip code 10022) due to rising interest rates, economic distress, and the end of pandemic protections; Brooklyn leads with 129 filings, a 36% increase.

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What is the extent of the recent surge in New York City foreclosures, and what are its immediate impacts on different socioeconomic groups?

New York City is experiencing a significant increase in foreclosures, with an 11 percent jump in the second quarter of 2025 compared to the same period last year. This surge affects even affluent areas like Park Avenue, where eight foreclosures occurred in ZIP code 10022, highlighting the impact of rising interest rates and economic distress on high-net-worth individuals.

dailymail.co.uk

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Jul 19, 04:13

US Home Delistings Surge 47 Percent Amid Softer Housing Market

US home delistings surged 47 percent in May 2024 compared to May 2023, as sellers in a softer market prioritize desired prices, leading to a record-high 20 percent of listed homes having price cuts in June. The trend is most pronounced in Phoenix, Arizona, where inventory increased by 44 percent and...

US Home Delistings Surge 47 Percent Amid Softer Housing Market

US home delistings surged 47 percent in May 2024 compared to May 2023, as sellers in a softer market prioritize desired prices, leading to a record-high 20 percent of listed homes having price cuts in June. The trend is most pronounced in Phoenix, Arizona, where inventory increased by 44 percent and...

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What are the potential long-term implications of the delisting trend for the balance of power between buyers and sellers in the housing market?

The delisting trend's persistence could prolong the transition to a buyer's market. Sellers' strong financial positions, combined with their reluctance to accept price cuts, suggests that the market might remain balanced or shift slowly toward buyers. This dynamic will heavily influence the pace and extent of market correction.

forbes.com

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Jul 17, 16:16

Italy's Flat Tax Fuels Real Estate Boom, but Challenges Remain

Italy's flat tax regime, increased to €200,000 in 2024, is attracting thousands of high-net-worth individuals, significantly boosting Italy's real estate market and driving urban regeneration projects, but challenges regarding affordability and infrastructure remain.

Italy's Flat Tax Fuels Real Estate Boom, but Challenges Remain

Italy's flat tax regime, increased to €200,000 in 2024, is attracting thousands of high-net-worth individuals, significantly boosting Italy's real estate market and driving urban regeneration projects, but challenges regarding affordability and infrastructure remain.

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What is the immediate impact of Italy's flat tax regime on the Italian real estate market and the country's economy?

Italy's flat tax, increased to €200,000 in 2024, is attracting high-net-worth individuals (HNWIs), significantly impacting the real estate market. Milan's residential prices rose 2% in the past year and 15-28% over five years, exceeding €15,000 per square meter in prime areas. This influx is also boosting demand in previously overlooked districts.

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