Investors, chiefly foreign, poured a record 1.36 billion euros into Portuguese commercial property in the first 10 months of 2015, double 2014 levels, Cushman & Wakefield consultants said on Thursday.
Treasurer Scott Morrison said on Wednesday the forced sale of seven properties takes to 19 the total number of homes the government has declared were bought illegally by foreigners
A new report on real estate trends says foreign investors may start looking beyond Toronto and Vancouver and begin targeting markets in Montreal and Saskatoon in the coming year.
For the first time, foreigners can now buy and sell shares in listed companies on the Saudi Arabian stock exchange.
It's the last of the grouping of the world's largest economies, the G20, to open up its market to foreigners. Until now, they were only able to indirectly buy shares and would only get the economic benefits.
Industry experts say Monday's move, that allows foreigners voting rights, could be transformative for the region as Saudi companies will be able to profit from the scrutiny and strategy of sophisticated international partners and overseas investment will help push forward the country's economic reforms.
Millions of Isa savers were given a surprise boost after the chancellor abolished the “death tax” on the popular accounts.
Isas can now be passed on to a spouse tax-free, George Osborne said in the autumn statement. Previously the Isa tax “wrapper” passed away with its owner, and the money that had been sheltered became liable for income and capital gains tax.
Savings of up to £1m are to be protected under new proposals from the Bank of England aimed at avoiding a Northern Rock style run on a bank.
Only money temporarily deposited in a bank, because of a house sale or an inheritance, for example, will be protected for a period of six months.
Under current rules a maximum of £85,000 is protected.
Knight Frank’s Prime Global Rental Index, which measures the performance of prime residential rents across 17 cities worldwide, rose by 4.8% in 2013.
The performance of the world’s prime rental markets is intrinsically tied to the health of each city’s respective employment market, in particular the business and financial services sector.
COMMERCIAL property investment transactions climbed to a six-year high in 2013, reaching a total of £44.7bn, according to latest data.
Investment surged in the second half of the year with nearly half of the yearly total spent in the last quarter alone, according to figures from DTZ.
Birmingham's NEC Group has been put up for sale by the city council.
The council, facing a £1.1bn bill for equal pay settlements, says it wants to ensure the existing uses are preserved.
The group is "vitally important" to the West Midlands economy, bringing in £2bn a year and supporting the equivalent of 29,000 jobs, the council said.
Despite paying more than £40,000 a year to live in one of Dubai’s most exclusive addresses, residents are being denied access to the gym and tennis courts – and they fear the lifts in the world’s tallest building could be next
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