Real Estate
Real EstateUS homes market faces challenging 2011 as sales plunge to new lows
United States sales of new homes fell 16.9% last month compared with January and by a whopping 28% from the level of February 2010, the U.S. Commerce Department said. The February 2011 figure represents an annualized rate of 250,000 new home sales. Analysts had expected an annualized rate of 290,000.
China will finance and build 20.000 housing units in Venezuela
Venezuela signed an agreement with Chinese companies Citic Group and Industrial & Commercial Bank of China Ltd. to negotiate a 4 billion US dollars loan to finance oil and construction projects, President Hugo Chavez said in Caracas.
Brazil real estate boom: 9.1m middle class families plan to buy in next 12 months
A total of 9.1 million families plan to buy real estate in Brazil over the next 12 months which is a huge increase since the Minha Casa Minha Vida (My House, My Life) program was introduced in 2009
World Bank loan to improve quality of life in Rio do Janeiro’s favelas
Some two million people who live in informal low income settlements (favelas) in the Rio de Janeiro Metropolitan Region, Brazil, will be benefiting from a 485 million US dollars development policy loan for the Metropolitan and Housing Project approved by the World Bank.
Hong Kong residential property the “most expensive in the world”
The Global Cities Survey, published by Savills PLC, reported last week that Hong Kong residential property is now the most expensive in the world. Based on the property price index contained in the survey, residential property in Hong Kong is 55% more expensive than property in London.
Chinese Mega City For 42 Million People
Chinese city planners have announced a plan to merge cities surrounding the Pearl River Delta to create the world’s largest metropolis with 42 million people
Sales of Homes in the US show Signs of Recovery
The number of newly signed sale contracts on existing United States homes registered another increase in December, beating analysts' expectations.
United States House Prices Drop for the Fifth Consecutive Month
United States family home prices, fell for a fifth straight month in November and could reach new lows soon, a closely watched survey showed on Tuesday.
Latin America Real Estate Investment 2010 by Alternative Latin Investor
Alternative Latin Investor is proud to present its latest special report, Latin America Real Estate Investment 2010. <br />
The report covers the commercial, residential and tourism sectors within Brazil, Mexico, Colombia and Peru with special sections on Agricultural Land Investment in Argentina and the massive Panama Pacífico Project.
China imposes restrictions to foreigners in the real estate market
China's Ministry of Housing and Urban Rural Development announced this week that purchases of housing by overseas organizations and individuals in the country would be capped or restricted, a move widely seen as combating speculative money from overseas that might flow into the property market.
