Tag #Real Estate

Showing 193 to 204 of 658 results

theglobeandmail.com

🌐 75% Global Worthiness

Jun 11, 01:15

Canada's Slow Progress in Reducing Surplus Federal Office Space

Auditor-General Karen Hogan's report reveals the Canadian federal government's minimal progress in reducing its six million square meters of underused office space, achieving only a 1.7 percent decrease since 2019, despite a plan to halve its portfolio by 2034 and potential cost savings of $3.9 bill...

Canada's Slow Progress in Reducing Surplus Federal Office Space

Auditor-General Karen Hogan's report reveals the Canadian federal government's minimal progress in reducing its six million square meters of underused office space, achieving only a 1.7 percent decrease since 2019, despite a plan to halve its portfolio by 2034 and potential cost savings of $3.9 bill...

Progress

52% Bias Score

ShareSaveArticle

Sustainable Cities and Communities

12345678

Previous 1 of 8 Next

What specific obstacles are hindering the Canadian government's efforts to reduce its surplus office space, and what are the immediate financial implications of this slow progress?

The Canadian federal government has made minimal progress in reducing its surplus office space, achieving only a 1.7 percent reduction since 2019, despite an initial goal to halve its portfolio by 2034. This slow pace jeopardizes projected cost savings of $3.9 billion over ten years and raises concerns about efficient resource allocation.

elpais.com

🌐 85% Global Worthiness

Jun 10, 10:11

Sinaloa Cartel War Collapses Culiacán's Real Estate Market

A violent conflict between Sinaloa Cartel factions has caused a 70% drop in Culiacán's real estate market, resulting in significant job losses and economic instability; the conflict, which began in September 2024, followed years of inflated housing prices fueled by drug money.

Sinaloa Cartel War Collapses Culiacán's Real Estate Market

A violent conflict between Sinaloa Cartel factions has caused a 70% drop in Culiacán's real estate market, resulting in significant job losses and economic instability; the conflict, which began in September 2024, followed years of inflated housing prices fueled by drug money.

Progress

44% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How has the internal conflict within the Sinaloa Cartel affected the economy of Culiacán, specifically its real estate market?

The Sinaloa Cartel's internal war has severely impacted Culiacán's real estate market, causing a 70% drop in home sales. This follows years of inflated prices fueled by narco-money, creating an unsustainable bubble. The violence has led to business closures, job losses, and a shrinking credit market.

smh.com.au

🌐 75% Global Worthiness

Jun 8, 01:10

Sydney Auction Price Guides Mislead Buyers

Analysis of 319 Sydney auctions in 2024 revealed that 211 sellers set reserves at or above the highest price guide, often significantly higher (5-20 percent or more), misleading buyers who assume guides reflect actual selling prices, causing wasted time and money; legislative changes are under consi...

Sydney Auction Price Guides Mislead Buyers

Analysis of 319 Sydney auctions in 2024 revealed that 211 sellers set reserves at or above the highest price guide, often significantly higher (5-20 percent or more), misleading buyers who assume guides reflect actual selling prices, causing wasted time and money; legislative changes are under consi...

Progress

52% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How does the practice of setting reserves significantly higher than advertised price guides affect different buyer segments and market segments?

The discrepancy between advertised price guides and actual selling prices in Sydney's real estate market stems from sellers aiming for prices significantly higher than the advertised range. This practice, common across various price points, is particularly prevalent in the higher-end market, where sellers often expect premiums of 10 percent or more above the guide. This behavior creates a system where buyers invest time and money pursuing properties only to find them unaffordable.

smh.com.au

🌐 75% Global Worthiness

Jun 7, 13:14

Redfern Revitalization: $59 Million Mixed-Use Project Announced

The Neilson family is spearheading a $59 million Redfern revitalization project, transforming a commercial strip into a mixed-use site with 23 apartments; this coincides with other Sydney developments including the sale of the historic Town Hall Hotel in Balmain and the redevelopment of the City Tat...

Redfern Revitalization: $59 Million Mixed-Use Project Announced

The Neilson family is spearheading a $59 million Redfern revitalization project, transforming a commercial strip into a mixed-use site with 23 apartments; this coincides with other Sydney developments including the sale of the historic Town Hall Hotel in Balmain and the redevelopment of the City Tat...

Progress

48% Bias Score

ShareSaveArticle

Sustainable Cities and Communities

12345678

Previous 1 of 8 Next

What is the immediate impact of the Redfern revitalization project on the local area and its property market?

A $59 million revitalization project in Redfern, led by the Neilson family, will transform a commercial strip into a mixed-use site with 23 apartments. This is part of Redfern's broader revitalization, exemplified by the recent opening of the EVE Hotel.

elpais.com

🌐 75% Global Worthiness

Jun 7, 13:13

Soaring Spanish Mortgages: No Credit Bubble Yet

Spanish mortgage approvals surged 44.5% year-on-year in March 2024, reaching levels unseen since 2019, yet experts and institutions like the Bank of Spain assert this growth doesn't signal an immediate credit bubble risk due to stricter regulations and historically low household debt.

Soaring Spanish Mortgages: No Credit Bubble Yet

Spanish mortgage approvals surged 44.5% year-on-year in March 2024, reaching levels unseen since 2019, yet experts and institutions like the Bank of Spain assert this growth doesn't signal an immediate credit bubble risk due to stricter regulations and historically low household debt.

Progress

48% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the key indicators suggesting whether the current surge in Spanish mortgage lending poses a risk of a credit bubble?

Spanish mortgage lending has surged 44.5% year-on-year in March 2024, fueled by increased demand and low interest rates. While this growth is significant, it's far from the 2008 levels and key indicators suggest no immediate risk of a credit bubble, according to the Bank of Spain and other financial institutions.

elpais.com

🌐 75% Global Worthiness

Jun 6, 07:15

Record Tax Revenue in Spain from Soaring House Prices

Spain's regional governments saw record tax revenue of "12.36 billion euros in 2024 from property transactions (ITP and AJD), a 14.8% increase from 2023, driven by high house prices despite a slight decrease in used home sales compared to 2022.

Record Tax Revenue in Spain from Soaring House Prices

Spain's regional governments saw record tax revenue of "12.36 billion euros in 2024 from property transactions (ITP and AJD), a 14.8% increase from 2023, driven by high house prices despite a slight decrease in used home sales compared to 2022.

Progress

36% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How do the increases in regional tax revenue from property transactions vary across Spain's autonomous communities?

The increase in tax revenue is directly linked to the rising value of homes. While the number of used home sales in 2024 (507,000) was lower than in 2022 (533,800), the significantly higher prices resulted in record tax revenue. This highlights the impact of inflation on tax collections.

cincodias.elpais.com

🌐 75% Global Worthiness

Jun 11, 22:12

Court Seizes Assets of Banca March Founder's Grandson Over Mansion Sale Dispute

A Madrid court has seized all assets of Manuel March, grandson of Banca March founder, due to his failure to pay €3.5 million to Son Galcerán following a breach of contract in the sale of his mansion; the sale to a different buyer for a higher price after receiving a deposit from Son Galcerán was de...

Court Seizes Assets of Banca March Founder's Grandson Over Mansion Sale Dispute

A Madrid court has seized all assets of Manuel March, grandson of Banca March founder, due to his failure to pay €3.5 million to Son Galcerán following a breach of contract in the sale of his mansion; the sale to a different buyer for a higher price after receiving a deposit from Son Galcerán was de...

Progress

40% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What specific actions by Manuel March led to the court's decision, and what were the key arguments presented by both parties?

The case stems from March's double sale of his mansion, initially contracted to Son Galcerán for €8 million, then sold to a Swiss company for €12 million. The court ruled that March's claim of Son Galcerán's breach of contract was unfounded, finding him at fault for the failed sale and subsequent higher-priced transaction to a third party. The seizure of assets underscores the court's firm stance against contract violations.",

cincodias.elpais.com

🌐 85% Global Worthiness

Jun 9, 10:10

Merlin Properties' Data Center Expansion Projects 35% Revenue Growth

Spanish real estate company Merlin Properties is investing heavily in data centers, projecting a 35% revenue increase to €700 million by 2027, driven by high demand and securing clients like Meta and Coreware, exceeding the returns from their traditional portfolio.

Merlin Properties' Data Center Expansion Projects 35% Revenue Growth

Spanish real estate company Merlin Properties is investing heavily in data centers, projecting a 35% revenue increase to €700 million by 2027, driven by high demand and securing clients like Meta and Coreware, exceeding the returns from their traditional portfolio.

Progress

40% Bias Score

ShareSaveArticle

Industry, Innovation, and Infrastructure

12345678

Previous 1 of 8 Next

What are the potential long-term implications of this shift for the broader Spanish real estate market and the technology sector?

Merlin's €1 billion capital increase and planned debt financing demonstrate the significant investment needed for data center expansion. Their two-phase growth plan (64 MW and 200 MW capacity) positions them for substantial growth, potentially stabilizing around 2029. This move reflects a proactive response to potential interest rate hikes and the search for intrinsically higher-yielding assets.

kathimerini.gr

🌐 85% Global Worthiness

Jun 7, 10:10

Greece Launches Digital Registry to Combat Tax Evasion in Real Estate

Greece is implementing a digital property registry to cross-reference property ownership data with utility consumption records, aiming to combat tax evasion related to falsely declared unoccupied properties and improve housing subsidy accuracy. The initiative involves multiple government agencies an...

Greece Launches Digital Registry to Combat Tax Evasion in Real Estate

Greece is implementing a digital property registry to cross-reference property ownership data with utility consumption records, aiming to combat tax evasion related to falsely declared unoccupied properties and improve housing subsidy accuracy. The initiative involves multiple government agencies an...

Progress

36% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What is the immediate impact of the new digital registry on combating tax evasion related to falsely declared unoccupied properties?

The Greek government is addressing the issue of properties falsely declared as unoccupied while still receiving utilities and common expenses. A new digital registry will cross-reference property data with utility records, identifying discrepancies. This initiative aims to combat tax evasion and improve housing policy.

elpais.com

🌐 75% Global Worthiness

Jun 7, 10:10

Ortega Expands US Real Estate Holdings with $165 Million Florida Purchase

Amancio Ortega's Pontegadea group purchased the 46-story Veneto Las Olas luxury residential building in Fort Lauderdale, Florida, for $165 million, adding to its US real estate portfolio that includes recent purchases in New York and Chicago.

Ortega Expands US Real Estate Holdings with $165 Million Florida Purchase

Amancio Ortega's Pontegadea group purchased the 46-story Veneto Las Olas luxury residential building in Fort Lauderdale, Florida, for $165 million, adding to its US real estate portfolio that includes recent purchases in New York and Chicago.

Progress

36% Bias Score

ShareSaveArticle

Sustainable Cities and Communities

12345678

Previous 1 of 8 Next

What is the significance of Amancio Ortega's latest real estate acquisition in Fort Lauderdale?

Amancio Ortega's Pontegadea group purchased a 46-story luxury residential building in Fort Lauderdale, Florida, for $165 million. The building, Veneto Las Olas, contains 259 apartments with various amenities and monthly rents ranging from $4,411 to $15,440. This acquisition expands Pontegadea's US residential portfolio, following similar investments in New York and Chicago.

theglobeandmail.com

🌐 85% Global Worthiness

Jun 6, 16:12

Bank of Canada's Rate Hold Complicates Housing Market

The Bank of Canada held its key interest rate steady at 2.75 percent, creating uncertainty for homeowners and prospective buyers; a proposed GST rebate faces criticism for insufficiently addressing affordability issues in Canada's most expensive housing markets.

Bank of Canada's Rate Hold Complicates Housing Market

The Bank of Canada held its key interest rate steady at 2.75 percent, creating uncertainty for homeowners and prospective buyers; a proposed GST rebate faces criticism for insufficiently addressing affordability issues in Canada's most expensive housing markets.

Progress

52% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How does the Bank of Canada's decision to maintain its key interest rate affect homeowners and prospective homebuyers in Canada?

The Bank of Canada's decision to hold its key interest rate at 2.75 percent for the second consecutive time creates uncertainty for homeowners facing mortgage renewals and prospective buyers. This rate hold doesn't provide relief for those with increasing mortgage payments, and it discourages potential first-time homebuyers from entering the market.

smh.com.au

🌐 85% Global Worthiness

Jun 5, 01:11

Heirs Sue to Remove Executors of $1.7 Billion Estate

Heirs Amy Goldman Fowler and Steven Gurney-Goldman are suing to remove Jane and Diane Goldman from managing Lillian Goldman's $1.7 billion estate, alleging asset mismanagement and Diane's incapacity; the dispute stems from Sol Goldman's 1987 death and a 2002 divorce proceeding.

Heirs Sue to Remove Executors of $1.7 Billion Estate

Heirs Amy Goldman Fowler and Steven Gurney-Goldman are suing to remove Jane and Diane Goldman from managing Lillian Goldman's $1.7 billion estate, alleging asset mismanagement and Diane's incapacity; the dispute stems from Sol Goldman's 1987 death and a 2002 divorce proceeding.

Progress

56% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How did the prior family disputes, particularly the divorce proceedings between Sol and Lillian, contribute to the current conflict over the estate's assets?

This legal battle highlights a long-standing conflict over the distribution of a vast real estate empire, stemming from a complex family history and a significant undervaluation of assets. The petitioners claim that Jane Goldman is using Diane Goldman Kemper's health issues to maintain control over the estate's assets and prevent distribution to other beneficiaries. The legal proceedings underscore the challenges of managing complex estates, especially those involving substantial wealth and family disputes.

Showing 193 to 204 of 658 results