The world’s financial markets

Named countries with the fastest growth in real estate prices
Last year was a good year for the world's main housing markets. However, global uncertainty does not contribute to the continued boom in property prices, writes Global Property Guide. Real…

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In Ireland, agents sell real estate online
Virtual views, live chats with brokers and electronic signature of documents are the new reality of the Irish real estate market, writes The Irish Times. Savills Ireland has launched a…

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World on lockdown: countries close borders and impose quarantines due to coronavirus
On Monday, March 16, several countries announced the closure of borders and the introduction of quarantines due to the spread of the coronavirus. Russia has closed the border with Belarus.…

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Barack Obama’s childhood home is for sale in Hawaii for $ 2 million

A modest mansion in Hawaii, where Barack Obama lived with his mother and grandmother, is for sale for $ 2.2 million, writes Forbes.

In the house, which is located on a busy street in the state capital of Honolulu, the young Barack Obama lived with his family while his mother studied at the University of Hawaii nearby. The Obama family rented this house for the duration of their stay in Hawaii. In 2006, the house sold for $ 1.3 million.

The main house of 185 sq. m. with three bedrooms and two bathrooms is located on a plot of 10 acres. Behind it is another small one-bedroom house with access to a quiet street. Continue reading

The boom in the real estate market in the Netherlands continues

Supply does not keep up with demand, and prices are rising, according to Global Property Guide.

Property prices in the Netherlands continue to rise, supported by record low interest rates, and supply is unable to meet high demand.

Housing on average rose by 6.5 % during 2019. For the fourth quarter of last year, prices increased by 4.2 %.

Real estate in the Netherlands has been steadily growing in price for several years: by 8.5 % in 2018, by 6.9 % in 2017, by 8.8% in 2016, by 4.5% in 2015 and by 2.7% in 2014. Continue reading

MIPIM international exhibition in Cannes postponed due to coronavirus

The organizers of the International commercial real estate exhibition decided to postpone the event to June.

The international commercial real estate exhibition in Cannes, France, MIPIM has been postponed to June 2-5 due to growing concerns about the coronavirus. The event was scheduled to take place from March 10 to 13.

“The well-being of our customers and employees is our priority. Given the changing context, the best course of action is to postpone MIPIM until June, ” said Reed MIDEM Executive Director Paul Zilk. Continue reading

Foreign investment in real estate in Greece has become a record

Sales of Greek real estate to foreigners soared by almost 30 % over the year and reached a record level in 2019 — 1.45 billion euros, writes Ekathimerini.

According to the Bank of Greece, in 2019, foreigners purchased real estate in the country for a total of 1.45 billion euros. This is 29.4% higher than the previous year-1.13 billion euros.

Real estate accounted for 35 % of foreign direct investment in the Greek economy, which amounted to 4.2 billion euros, according to Ekathimerini. Continue reading

Spanish villages are ready to pay for those who want to move

In Spain, several programs and initiatives have been launched in recent years to attract new residents to the country’s villages. They can be offered a guaranteed job, a home, and even thousands of euros in cash. This is how municipalities fight depopulation. After all, many Spanish villages were deserted, and even Ghost towns appeared in the country.

Ponga, located in Asturias in the North of the country, was one of the villages trying to make up for the lack of inhabitants. Continue reading

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France has imposed a 15-day quarantine
On the evening of Monday, March 16, French President Emmanuel macron made a televised address to the nation, in which he announced the introduction of a quarantine in the country…

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Rating Agency S&P predicted a global recession
The world economy this year will be in recession for the first time since 2009, writes S&P Global Ratings. The rating Agency S&P Global Ratings released a report "global recession…

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The world's financial markets collapsed
On March 12, stock markets experienced a record drop in quotations. The leading American indexes lost 9.5–10 %, European ones fell by 12-17 %, and Russian ones fell by 8.3-11…

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New rules for foreign account holders
From 2020, it will be easier for Russian residents to receive income from real estate to their foreign accounts. Tranio lawyers explain what this means, how to submit reports to…

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