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What does Wang Shi, founder and chairman of China Vanke, the world’s biggest home builder by revenue, make of China’s overheated property market? When prospective buyers enter the 900-home development “Seaside Home” along an avenue of Grecian columns, their eyes are meant to be drawn to three athletes, chiselled from fake bronze. At “Starry Olympic … Read more
Last year is one that economists around the world will remember for a long time. It was the year English Point Marina apartments in Nyali, Mombasa. According to the latest data released by the Kenya National Bureau of Statistics, the real estate sector’s year-on-year growth at the end of third quarter of 2015 was 5.4 … Read more
Many new condo developments that launched sales over the past few years will begin to see closings, new rental buildings will continue to hit the market in both Brooklyn and Manhattan, and progress in their lease-ups, and a shifting macro-economic climate — from interest rate hikes to stock market jitters — will have an effect … Read more
Investment in Manchester commercial property hit a total of £1.2bn in 2015, a three per cent increase on the £992m recorded in 2014. According to the latest research from CoStar Group, the leading commercial property information provider a total £67.5 bn was invested in UK commercial real estate in 2015 making it the second strongest … Read more