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Fosun International weighs bid of $2 billion for Cushman & Wakefield

Chinese billionaire Guo Guangchang’s Fosun International Ltd. is weighing a bid for commercial property broker Cushman & Wakefield Inc., people with knowledge of the matter said. The Shanghai-based investment firm is among several companies that have expressed interest in Cushman, whose owners are seeking about $2 billion, according to the people. The process is at […]

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House prices surge near Crossrail stations by up to 82%

Property values around some Crossrail stations have surged since the east-west London line got the green light in 2008, with the fastest-rising jumping 82%, according to a new report. Along the length of the entire line from Maidenhead to Shenfield prices within a short walk of stations have risen only 5% more than the local […]

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U.S. Housing Starts Tumble 17% in February

Demand uneven in housing market amid harsh winter weather. WASHINGTON—Builders pulled back on new-home construction in February, a sign of uneven demand in the housing market amid harsh winter weather. U.S. housing starts plunged 17% from a month earlier to a seasonally adjusted annual rate of 897,000 in February, the Commerce Department said Tuesday. Starts […]

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Asia closing in as top home of the ultra-rich: Knight Frank

Asia topped the list for the fastest growth of ultra-high-net-worth individuals in 2014, reports the Chinese-language Beijing Times.The continent’s emergence has spurred demand for luxury properties in Asia and Australia, according to a report jointly compiled by Knight Frank, an international real estate consultancy, and BOC International, the international arm of Bank of China. Asia […]

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Singapore : Developers face tough property market with more projects being rolled out

SINGAPORE: Competition is likely to get more intense in the private residential property market, with developers rolling out new projects. Based on new home sales data for January 2015 from the Urban Redevelopment Authority, there are 20 large developments with a total unsold stock of more than 200 units each – excluding executive condominiums. They […]

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Spain’s commercial property market outlook improving

There are already signs that Spain’s residential property market is recovering and now a new report shows that its commercial markets are also growing.International real estate advisor Savills is predicting CBD office yields in Madrid will move from 5% to 4% and 4.5% for super prime properties, as a lack of good quality stock puts […]