Chinese property investors have returned to the Dubai real estate market, with a staggering 130% increase in residential property investments in the city during 2023 H1, Invest-Gate reports.
The commercial real estate sector in the United States is grappling with a surge in distressed assets, with the value of these assets reaching around $64 bn in the 2023 Q1, Invest-Gate reports.
The real estate sector in China contracted again in the second quarter after a short-term expansion in the first quarter, Invest-Gate reports.
The Chinese government has indicated additional economic support measures are forthcoming after taking initial steps to assist the struggling property sector by extending loan relief to developers, Invest-Gate reports.
New home prices in China edged down in June from the prior month, for the second month in a raw, and housing sales are likely to remain weak over the summer when demand is usually at a low ebb, Invest-Gate reports.
The two-year average fixed mortgage rates in the UK reached 6.01% on Monday, which pushed the cost of borrowing in the kingdom to its highest level since December 2022, Invest-Gate reports.
Due to the increase in real estate investment opportunities in Egypt and to preserve investors' rights, the British Royal Institution of Chartered Surveyors (RICS) approves a new batch of chartered surveyors during the last two Institute sessions, Invest-Gate reports.
Canadian entrepreneur Michael Henderson, Co-founder of Canadian Moon World Resorts company, seeks to build a simulated moon model, 274 meters high, on top of a 30-meter building in Dubai, Invest-Gate reports.
Housing regulator explains that Chinese real estate brokerage agencies need to implement reasonable reductions to fees for housing transactions and leasing services to promote healthy sector development, Invest-Gate reports.
Charlie Munger believes there is trouble ahead for the U.S. commercial property market, Invest-Gate reports.
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