Reading time: < 1 MinuteThe number of foreclosures and repossessions in the United States in the first quarter of this year increased by 22% compared to the same period last year, economic data showed. Bloomberg News said that while data from real estate data analytics firm A.T.T.O.M. showed that the foreclosure rate is still below pre-pandemic levels, the number of ... Read more
Reading time: 2 MinutesThere is no doubt that in light of the high costs of finishing homes due to the waves of inflation that hit most countries of the world, many are looking for cheap alternatives when finishing the house, and one of these alternatives is vinyl flooring or what is called the Spc parquet alternative. This type of flooring is made of waterproof vinyl, a material that consists of several layers of panels ... Read more
Reading time: < 1 MinuteHong Kong real estate developers CK Asset Holdings and Sun Hung Kai Properties have decided to reduce the prices of their new housing projects, as any interest rate increase is expected to affect the real estate market. Bloomberg News reported that the two companies offered discounts of more than 10% on some units in the Grand Jetty apartment complex, ... Read more
Reading time: < 1 MinuteChina's housing prices generally increased in major cities in March. Data from the National Bureau of Statistics of China showed that in March, 64 out of 70 large and medium-sized cities saw month-on-month increases in new home prices, compared with 55 in February. A total of 57 ... Read more
Reading time: < 1 MinuteUS financial investment and asset management giant Blackstone has closed the subscription of the world's largest real estate investment trust, which targets attractive deals in various sectors such as rental housing, hotels, and data centers. The company said in a statement that it raised $30.4 billion for the fund, called Blackstone Real Estate Partners X. Bloomberg News reported that the real estate sector ... Read more
Reading time: 3 MinutesThe rules for choosing bedroom colors and coordinating them must be taken into consideration, as bedroom design is one of the most important stages when finishing and equipping the house, whether it is in terms of choosing colors, design or arranging elements with each other and their consistency, as it is considered the place where the person resorts to in order to enjoy comfort and tranquility and to feel ... Read more
Reading time: 2 MinutesThe Residential Program revealed that it has provided 22 engineering designs that comply with the Saudi Building Code; to enable beneficiaries to view the engineering designs and their details, and purchase them at competitive prices, as they can be obtained through the platform or application through the (Engineering Designs) service by purchasing the design only, or purchasing the design with adapting it to the beneficiary's land in proportion to the building areas, in addition to ... Read more
Reading time: 2 MinutesConcerns are growing about the health of Europe's commercial real estate market, with some investors wondering if the sector is next to implode. In the aftermath of the banking crises last March, fears of a so-called doom loop arose, where a potential bank run to exit any high-risk investments could trigger a downturn in the real estate sector. Recorded ... Read more
Reading time: < 1 MinuteThe General Authority for State Property (GASP) has offered two investment opportunities to property owners in Riyadh and Jeddah to provide suitable real estate (administrative, residential) for the Ministry of Investment and the Presidency of the Royal Guard. This comes in application of the procedures contained in the State Real Estate Leasing Law, Article 8, which stipulates that the General Authority for State Properties shall announce through its digital portal “Intifaa” the desire ... Read more
Reading time: < 1 MinuteThe Ministry of Municipal and Rural Affairs and Housing has issued a guide to the procedures of the Building Compliance Certificate, giving existing buildings a 6-month deadline to comply with the guide, with the aim of reducing visual distortions in commercial and residential buildings and improving the urban scene in cities. The Ministry explained that mechanisms have been defined to obtain the certificate according to a number of requirements, indicating that ... Read more
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