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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....
...Its cash flows were also lowered by the timing of property purchases, sales and collections of rental revenues, and payments of expenses, among other factors, according to people briefed on the matter....
...The owners of boutique chain CitizenM are currently exploring options including a potential sale, as the group seeks to expand and capitalise on rising demand from travellers....
...The company has vowed to mount a legal battle against the US legislation while the Chinese government has said it would oppose a sale. Any divestment will be difficult....
...The average amount raised by local authority sales of council houses in England in 2022-23 was just over £100,000, but covering a wide range — from £205,000 in London to £48,000 in the North East....
...Although some owners have been forced to sell by debt pressures, many property owners are reluctant to crystallise losses at what they believe could be the bottom of the market....
...“The problem with the coast, apart from the price, is that most of the houses are overlooked and you don’t generally get any land [with them]....
...For too long, Americans have suffered from a convoluted property system that condemned them to pay some of the world’s highest commissions, up to 6 per cent on residential sales....
...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....
...Why Originally built in 1918 by architect Earl Young, this storybook-inspired property, also known as “the mushroom house”, features a sloped roof made from reeds hand harvested in Europe....
...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...
...Gagné said the company was still determined to realise value from its stake in Bicester Village-owner Value Retail, but declined to comment on any sale process....
...As gains from the sale of someone’s principal or sole residence are tax free, the cash generated by downsizing will also be free from tax....
...Capex intensity is rising, from 6 per cent of sales in 2019 to almost 9 per cent, according to Bernstein. The dilution of returns is manageable for giants such as LVMH....
...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 current owners, Danish fashion magnate Anders Holch Povlsen and his wife, Anne, have transformed the property (one of 12 significant estates Povlsen owns in Scotland) into a retreat featuring a boathouse...
...Savills data show sales of properties worth more than £5mn were down 13 per cent last year from the year before, as the post-Covid property boom came to an end....
...agritourism on Mallorca The biggest of the Balearics has seen the arrival of a few full-bore luxury properties in the last couple of years; spring 2024, by contrast, marks the arrival of not one but two...
...Upon the sale, by you and your co-seller, you will “overreach” any beneficial interest that your friend’s estate has in the property....
...The fallout from the implosion of René Benko’s luxury property group, Signa, has highlighted mounting distress in the commercial real estate sector....
...“We are at the beginning of the impact of this wall of loans,” said Gosin, who has led Newmark for four decades....
...of Jelmoli and Globus in Zurich demonstrate the damage that can be inflicted on business by unscrupulous real-estate owners....
...Castle, Florence, €18.5mn Where Just outside the town of Fiesole, which is north-east of Florence and a 20-minute drive from the centre....
...The reduction of capital gains tax on the sale of second homes and investment properties for higher-rate taxpayers from 28 per cent to 24 per cent is a large carrot to encourage sales....
...About two-thirds of that figure are loans to offices and about half of the total relates to properties in Germany....
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