Construction Maison

After a UBS housing report pointed to as many as one in four homes owned offshore by mainland Chinese buyers being kept empty, and a further quarter used on a "temporary" basis, experts have been quick to say the results do not apply to Australian real estate . Among the naysayers is Jane Lu, head of Australia for Chinese international property site Juwai . She said there was "no hard data" and called the idea of vacant apartments held by offshore buyers as an "urban myth". "Most Chinese buyers of inner- city apartments are not so wealthy that they can afford to leave their property vacant ??? rather than renting it and earning some sort of income. There are some who do not live there full-time, because it is their second home. " Chinese investors are no more likely to turn down easy rent money than are Australians ... Australian second-home owners probably have more vacant properties in Ballina and Byron Bay than Chinese investors do...

Central London property , slightly higher than the market average of £1.6 million. Photo: Bloomberg" title="Indians spent an average of £1.77 million for a Central London property , slightly higher than the market average of £1.6 million. Photo: Bloomberg" class="img-responsive" /> Indians spent an average of £1.77 million for a Central London property , slightly higher than the market average of £1.6 million. Photo: Bloomberg Bengaluru: Indians are the second largest buyers of property in central London , accounting for 22% of sales in the year to August, pushing buyers from West Asia to the third slot (at 21%), according to property investment advisory London Central Portfolio ’s (LCP) latest sales audit . South- East Asian buyers took the top spot, accounting for 36% of all purchases. Interestingly, Indians also spent more per house. They accounted for one-third of the total spend, with an average purchase price of £1.77 million, slightly higher tha...

SUSAN EDMUNDS Last updated 05:00, August 25 2017 123RF Buyers may find credit conditions are quite different to what they were when they first signed a contract to buy an apartment. Lending restrictions could make it tougher for developers to sell newly-built apartments. Sources say bankers are increasingly worried about "settlement risk" to developers – the risk that people who have bought properties off-plans, with the intention of settling when the development is complete, will now not be able to do so. Data from Colliers shows that a record number of apartments are due to be completed over the coming years. There are 2770 set to come on to the market in Auckland alone this year, the highest number since 2005. MARTIN DE RUYTER/STUFF Apartment buildings are being built around the country but the exuberance of a year ago has left the market, in many places. Another 3840 should be finished next year. READ MORE: * Real estate agent fined $5000 for not revealing apartment blo...

Standard Chartered Bank's global real estate head , Mark Ebbinghaus , has gained approval for a 20- storey residential tower in his hometown of Adelaide.  Construction on the $70 million project at the corner of Rundle Street and East Terrace is expected to start late next year after it meets its 50 per cent pre-sales target.   "This is one of the most important residential development sites in the city and will be a fundamental feature of the East End, underpinned by its integrated and sensitive design," said Mr Ebbinghaus, who assisted Frasers Centrepoint on its successful $2.6 billion bid for Australand in 2014. "We have received strong inbound interest levels in the apartments at this gateway site to the city and kick starting this project is a significant vote of confidence in Adelaide." apartment tower is due to start by late next year, subject to meeting the 50 per cent presales ..." width="620" class="lazy620x0" src="s...

In the final days of last summer, Drake and Rihanna made waves when they hunkered down for some R&R in what TMZ called “an oceanfront villa fit for honeymoonin’.” While that relationship didn’t last long (and Drake is now linked to Young Money label mate Nicki Minaj ), the press had a lasting effect on the other stunner in that story: the $ 29 million Malibu love nest where they stayed. “When news broke of Drake and Rihanna vacationing at one of my listings in Malibu, interest shot up,” said The Agency’s Angel Kou in an email, noting that the property rents for $5,000 per day. “People like to experience what A-listers experience, to get a glimpse of that glitz and glam.” beach front villa that Drake and Rihanna stayed in September 2016." src="http://mansion-global-app.s3.amazonaws.com/article-images/2017/08/image_l_031.jpg" /> An interior view of the beach front villa that Drake and Rihanna stayed in September 2016. Courtesy of The Agency The same desire to ...

Commercial real estate prices , hovering at record highs in the U.S. following a six-year boom, are sustainable even as Chinese regulators tighten restrictions on overseas investment, according to Brookfield Property Partners LP . There is enough capital pouring into real estate from multiple regions -- including Europe and the Middle East -- to counter any potential slowdown in Chinese investment , Brookfield Property Chief Executive Officer Brian Kingston said in a Bloomberg Television interview . While Asian buyers are often part of the equation, a global shift from low-yield fixed-income holdings to real estate will drive property values for the foreseeable future, he said. “There was a lot of headlines around how much capital was coming out of Asia,” said Kingston, a senior managing partner at Brookfield Asset Management Inc., the parent company of Brookfield Property . “The reality is it’s broad-based. It comes from a lot of places.” Price growth for U.S. commercial building...

San Francisco Supervisor Aaron Peskin has asked the city attorney to explore legislation to impose a vacancy tax on large property owners who leave residential and commercial buildings empty . During a supervisors meeting this month, Peskin said he continues to receive complaints about the impact of “ghost buildings” on neighborhoods. The problem is, nobody really knows how many vacant homes there are in the city and whether a vacancy tax would be legal or effective in freeing up much-needed housing. In an interview, Peskin cited a 28- unit apartment building at 1656 Powell St. that was vacated after a fire damaged some units in December 2013. It remains empty. The three-story building is in a prime North Beach location across from Washington Square Park . Four businesses on the building’s ground floor — a liquor store, a bar, a Thai restaurant and a seafood restaurant — are open, but the apartments above still have boarded-up windows and a littered lobby. Some work was done in the...