Commercial Real Estate, Real Estate

Commercial Real Estate Under-Investing in IT

By Allison Halliday | October 18, 2015
An article in the Vancouver Sun has highlighted the fact that even though trillions of dollars are invested globally into commercial real estate, this sector tends to use outdated IT programs that are at risk of inaccuracy and human error. A report by the Altus Group, a Canadian-based information technology firm found that even though […]
International, Real Estate

New Housing Starts in Canada Surged in September

By Allison Halliday | October 15, 2015
Last month, the number of new housing starts in Canada surged unexpectedly. The prices of new homes also rose substantially in August, extending the housing boom in Canada in spite of concerns about weakness in other areas of the economy. The seasonally adjusted rate for ground breaking for new homes increased to 230,701 in September […]
International, Real Estate

Fewer Quality Homes being Sold in the UK

By Allison Halliday | October 14, 2015
According to an article in The Telegraph, analysts think the number of large family homes being sold in the United Kingdom has slumped due to an increase in stamp duty costs. Estate agents are estimating that the number of quality homes being sold in certain parts of the country has fallen by between 20% and […]
International, Real Estate

Sales and Transactions Still Declining in Dubai

By Allison Halliday | October 11, 2015
The latest figures show that sales transactions and property values are still declining in Dubai’s real estate market. According to the article in gulfnews.com, unless something happens to turn the market around then home prices in Dubai could continue to fall right until the end of this year and through 2016. The consultancy JLL is […]
International, Real Estate

London Agent Posts Record Profits

By Allison Halliday | October 6, 2015
Knight Frank, a London-based real estate consultancy recently posted record profits for the past year. This is mainly due to investors who are looking for better value outside London as well as the completion of a number of high profile deals. Pre-tax profits for the firm increased by 19% to £162 million, while sales increased […]
International, Real Estate

UK Mortgage Borrowing Increased in August

By Allison Halliday | September 29, 2015
In August, mortgage borrowing in the UK increased by the greatest amount since the beginning of the financial crisis and according to the article in the Financial Times is just the latest sign that the real estate market is starting to heat up. Last month net lending increased by £3.4 billion which is the largest […]
International

Canadians Biggest Foreign Investors in Manhattan Real Estate

By Allison Halliday | September 29, 2015
According to an article in CBC.ca, Canadians have been the largest investors into Manhattan real estate so far this year. Figures from Real Capital Analytics show Canadian investors have bought $3.85 billion of US property this year. This is much higher than the $1.97 billion worth of property bought last year. The biggest investors were […]

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