Emerging cities such as Shanghai and Singapore may outperform traditional metropolises in the new knowledge economy, according to a global study by the Partnership for New York City and PricewaterhouseCoopers.
International real estate and property investment news
Over a five year period between 2001 and 2006, house prices in the United States rose at an unprecedented pace, as Americans bought homes on cheap credit faster than ever before. The property boom led many economists to fear that a property bubble was emerging and, by summer 2007, many were claiming to have been proven right when loan defaults rocketed in the subprime mortgage sector, sparking fears of a housing market crash. The collapswe was confirmed in 2008. But while the outlook for the US market may be bleak, to the north and to the south of the Americas' largest economy, the property sector appears surpringly resilient. House prices in Canada have been less affected by the downturn
With property prices tumbling amid the current real estate crisis, home ownership is once again becoming a reality for thousands of Americans who were previously priced out of the real estate market.But as prospective home owners start to shop around, in an era of high energy prices many are finding gold in green - and homebuilders are responding by implementing environmentally-friendly building practices that can save homeowners thousands of dollars a year in heating and electricity bills.
Wall Streets woes are having a hard impact on US commercial real estate sectors, where activity is slowing rapidly in response to tightening credit and slow economic growth, according to the latest Commercial Real Estate Outlook report by the National Association of Realtors.
Video showing the roller coaster ride in house prices US homeowners have experienced since 1890 - unsurprisingly the biggest climb occurred from 1997 onwards. The question is will it be followed by the biggest fall?
Home prices continued to fall across the United States in the second quarter of 2008, albeit at a slower rate than last quarter, suggesting that the country's real estate crisis may have reached a bottom, a new study shows.
The U.S. foreclosure crisis has nearly reached the halfway point, marking a positive sign in the nation’s real estate slowdown and the markets eventual recovery, according to a new report.
