News / Global

More Economic Support Expected in China After Measures to Aid Property Developer

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.

China New Home Prices Drops in June for Second Consecutive Month

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.

Average Fixed Mortgage Rates in UK Hits Over 6%

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.

RICS Accredits New Members Batch in Egypt

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.

Dubai to Build a $5 bn Resort Inside Moon Replica

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.

Chinese Real Estate Brokers Need to Reduce Fees

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: “U.S. commercial property market is in trouble.”

Charlie Munger believes there is trouble ahead for the U.S. commercial property market, Invest-Gate reports.

Evergrande Extends Deadline for Restructuring Support Agreement

Evergrande Group extends the deadline for debt holders to receive compensation to support the faltering real estate development company’s restructuring plan by three weeks, as it has not yet obtained sufficient support for comprehensive reform.

UK House Prices Growth Slows Amid Oversupply

The UK property market is experiencing a slowdown in growth, with average asking prices rising only 1.7% from last year to £366,247 ($454,570) in April, Invest-Gate reports.

GROHE SPA Showcases GROHE SPA Brand at Milan Design Week

GROHE, a leading global brand for bathroom solutions and kitchen fittings, showcases its revitalized GROHE SPA sub-brand at Milan Design Week, Invest-Gate reports.

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