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...Its push to refinance upcoming loans represents a high-profile example of the challenge faced by property owners around the world at a time of higher borrowing costs and lower property values....
...The number of visitors to the district has grown, and the estate now includes thousands of units of housing....
...Although distressed sales are starting to crop up in commercial real estate, many lenders have offered indebted property owners some flexibility to avoid fire sales....
...of Jelmoli and Globus in Zurich demonstrate the damage that can be inflicted on business by unscrupulous real-estate owners....
...European commercial real estate deal making fell to a 13-year low at the start of 2024, as fading hopes of imminent interest rate cuts prolonged the slump in property markets....
...In a seismic settlement last month, the National Association of Realtors (NAR), the all-powerful industry trade organisation, agreed to abandon a long-standing rule that requires home sellers to compensate...
...UK-listed landlords are eyeing buying opportunities in the depths of the real estate downturn, as high debt costs force some owners to sell....
...The National Association of Realtors has reached a settlement in a series of lawsuits brought by home sellers claiming that the trade group conspired to inflate agents’ commissions, it said Friday, in an...
...Class action lawyers get a bad rap, but last week they forced the National Association of Realtors to scrap a system that allegedly inflated the $100bn that Americans shell out on real estate commissions...
...The US firm, which is the world’s largest owner of commercial real estate, paid about €1.1bn for the whole portfolio. It has managed the property with its partner Kryalos, an Italian real estate firm....
...Big housing associations in England have warned that building new affordable homes is becoming financially impossible, worsening the downturn in property supply....
...According to US Mortgage Bankers Association data provided by Newmark, $929bn of commercial real estate debt will need to be repaid or refinanced this year alone....
...The UK property sector has a proud tradition of being the gloomiest corner of the European market in every crash. Not this time....
...Although London property commands some of the highest prices in the world, its luxury agents take some of the lowest fees....
...Last December, the French parliament approved a raft of immigration measures that included allowing British owners of French property more flexibility on how they used their annual 180 days, a short-lived...
...The fallout from the implosion of René Benko’s luxury property group, Signa, has highlighted mounting distress in the commercial real estate sector....
...Valuations at unlisted property owners have been marked down less aggressively, by perhaps half the fall implied by estimates of prices at which property might actually change hands....
...The owner of the Bullring shopping centre in Birmingham and Brent Cross in London reported the first rise in rent expectations since 2017, in the latest sign that the gloom over retail properties is lifting...
...“Conditions have certainly blown loan-to-value ratios out of covenant levels for many developers and owners,” said Saul Goldstein, founder of distressed fund ActivumSG....
...The National Association of Realtors reached a settlement in lawsuits brought by home sellers claiming the trade group conspired to inflate agents’ commissions, potentially upending how homes are sold in...
...What needs to happen now, in other words, is not just for owners and lenders to become more transparent about their losses and write them down — as Manulife did — but distressed properties to start trading...
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...some of the biggest US property agents....
...out of Morgan Stanley’s real estate special situations investing team, and has more than $4bn of net assets under management....
...The number of owner-occupiers with a mortgage has fallen by 2mn since 2002 and sits at levels last seen in the 1980s, according to Building Society Association research....
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