Real estate
Britain’s Rightmove rejects $8.1 bln sweetened bid from Australia’s REA Group
The Rightmove Plc app on an App Store page on a smartphone arranged in London, UK, on Monday, Sept. 2, 2024. Bloomberg | Bloomberg | Getty Images British real estate portal Rightmove on Wednesday rejected a sweetened $8.1 billion takeover proposal from Australian property listing firm REA Group, saying the bid undervalued the company. “The […]
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Take a look inside a $1.1 million ‘zero emissions’ home
Key Points The White House in June issued guidelines that defined standards for a “zero emissions” building. Morgan Wojciechowski’s Williamsburg, Virginia, home is among the first to receive that label. Residential and commercial buildings account for almost a third of U.S. greenhouse gas emissions. Source
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Property stocks in Hong Kong rally on homes mortgage stimulus
A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. Raul Ariano | Bloomberg | Getty Images Chinese property stocks rallied on Tuesday after top financial regulators vowed a range of monetary easing measures to provide some relief for millions of families and boost a recovery in the real estate […]
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Australia’s REA sweetens takeover offer for Britain’s Rightmove to $8.1 billion
Rightmove logo is seen displayed in this illustration taken April 10 2023. Reuters | Dado Ruvic Australian property listing firm REA Group has made a third pitch to buy British rival Rightmove with a new 6.1 billion pound ($8.12 billion) offer on Monday after its two previous offers were rejected. The latest offer consists of 341 pence in […]
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China stimulus calls are growing louder — inside and outside the country
Key Points The world’s second-largest economy has remained under pressure from a real estate slump and tepid consumer confidence. “We believe the risk that China will miss the ‘around 5%’ full-year GDP growth target is on the rise, and thus the urgency for more demand-side easing measures is also increasing,” Goldman Sachs analysts said in […]
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August home sales drop more than expected, as prices set a new record
Sales of previously owned homes fell 2.5% in August from July, to a seasonally adjusted annualized rate of 3.86 million units, according to the National Association of Realtors. That is slightly lower than what analysts expected. Sales were 4.2% lower than August 2023. It marks three straight months of sales below the 4 million mark, […]
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This 38-year-old is financially independent with passive income. Here’s how he built a 7-figure real estate portfolio
Shu Matsuo Post, 38, built a $2 million real estate portfolio, according to documents seen by CNBC Make It. Courtesy of Shu Matsuo Post The idea of financial independence can mean different things to different people, but one common way to define it is having enough money that you no longer need to rely on […]
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Montana’s hot housing market heats up critical Senate race
MISSOULA, Mont. — In a subdivision near the northern edge of town, a number of condos and duplexes have popped up in the past three years. It’s part of a larger effort, including new zoning laws, to help provide affordable housing to Montanans who have found themselves priced out of the market, said DJ Smith, […]
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UK leads resurgence in European office investment
People walk along London Bridge past the City of London skyline. Sopa Images | Lightrocket | Getty Images LONDON — The U.K. is leading a recovery in Europe’s long subdued office real estate market, with overall investment in the sector expected to pick up further in the second half of the year. Britain recorded 4.1 […]
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CEO of property firm Damac expresses concerns over ‘expensive’ Dubai
DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms. Increasing demand for property, especially in the luxury space, is boosting prices not just of homes, […]
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