News / Global

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.

Default Threat Pushes British Banks to Reduce Mortgage Loans

BOE's quarterly survey of credit conditions shows that the availability of housing loans will be reduced in the second quarter. Lenders say that default rates on mortgages, unsecured credit to households, and loans to small and medium-sized businesses rose in the first quarter and are expected to increase further.

Blackstone Raises $30.4 bn for Real Estate Fund

Blackstone Inc raises $30.4 bn for its latest global real estate fund as the private equity behemoth looks to double down on the industry, Invest-Gate reports.

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