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...A shortage of properties for sale has also helped to prop up valuations and real prices across the OECD returned to growth in the latest quarter....
...UPS reported fourth-quarter revenue of $24.9bn that was down 8 per cent year on year and missed Wall Street forecasts as average daily parcel volumes fell....
...The placing comes as commercial property investors start to hunt for deals following a steep fall in real estate valuations brought on by rising interest rates....
...US exposure accounts for about 15 per cent of their real estate lending books....
...With liabilities of about $200bn against $340bn for Evergrande, Country Garden is an important part of the country’s real estate sector, which typically accounts for more than a quarter of overall economic...
...Home sellers had filed lawsuits challenging decades-old rules that maintained commissions of 6 per cent on most residential property sales — far above the rate charged in many other countries....
...Rates have fallen from 6.39 per cent on average for two-year fixed deals to 5.8 per cent this week, according to data provider Moneyfacts....
...Blackstone president Jonathan Gray has said he expects property valuations to soon hit bottom as real estate markets absorb the impact of higher rates....
...Blackstone, for instance, ploughed an unusually large 55 per cent of its property investments in to Europe and the UK last year. But the big danger for real estate now is that good news is bad news....
...Property prices increased by 7.5 per cent between March 2020 and the end of 2023, according to Savills prime London index, with central London averaging 0.8 per cent during that period....
...China’s economy has struggled to regain momentum against a backdrop of deflation, low consumer confidence and a cash crunch across the country’s major property developers....
...The Germany property lender was lured in by the prospect of sweet returns in commercial real estate. Now it is suffering thanks to an interest rate shock and a collapse in demand for offices....
...In the southern cities of Guangzhou and Shenzhen, new home prices fell 4.6 per cent and 4.8 per cent respectively....
...Expect these companies’ valuations to improve as the value of their real estate holdings rises....
...Real estate adviser Savills said the property market is “past the moment of peak uncertainty”, as it reported a sharp drop in profits for 2023....
...US property portal....
...The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
...The fallout from the implosion of René Benko’s luxury property group, Signa, has highlighted mounting distress in the commercial real estate sector....
...The Hang Seng Mainland Properties index rose 0.8 per cent, bringing its gains for the week to 9.5 per cent....
...Who Christie’s International Real Estate Apartment, Estrela, €3mn Where In the historic centre of Lisbon, the property is close to the Estrela Basilica, the Portuguese parliament building, and the official...
...The company also faces a threat from the roughly £100mn acquisition of smaller rival property search platform OnTheMarket by the well-funded US property data group CoStar....
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...Five houses were built on the same parcel of land, with renowned names including Eero Saarinen and Richard Neutra contributing....
...Blackstone Group’s $60bn property fund met all of its investors’ redemption requests in February, marking the first time it did not limit such withdrawals in more than a year....
...real estate brokerage Corcoran....
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