The foreign Ministry is finalizing lists of Russian tourists who want to return home
The Ministry of foreign Affairs of the Russian Federation announced that on March 26, at 14: 00 local time, it will finish forming lists of Russian citizens who need assistance…

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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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Knight Frank named the countries with the largest number of super-rich residents
In 2019, the number of people with a fortune of 30 million dollars or more grew by 6.4% worldwide and exceeded half a million people. Almost half of ultramagnetic lives…

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In new York, large brokerage companies acquire smaller firms

Mergers and acquisitions are the most significant trend in the new York real estate market, writes Forbes. Amid the panic, big players are buying up small companies.

In new York, well-known real estate firms are expanding their expansion, according to Forbes. Large companies have more resources for marketing and advertising, extensive offices, and valuable connections with landlords and developers.

Small companies are forced to merge with them to reduce costs. Sharing resources allows them to significantly reduce spending. The company’s share of the marketing team, office space and other expenses that would normally cause a small company to operate with minimal profit.

There are too many licensed real estate agents on the American market. There are 1.4 million licenses issued across the country, but only 5.5 million transactions are made per year. A huge number of real estate agents are not needed to meet the current demand, especially when 100 thousand brokers account for almost half of the transactions, writes Forbes.

The number of agents and brokerage companies in the US is beginning to decline, and this trend will continue, experts say. After all, brokers in large companies often work without a salary and earn only on commissions.

The foreign Ministry is finalizing lists of Russian tourists who want to return home
The Ministry of foreign Affairs of the Russian Federation announced that on March 26, at 14: 00 local time, it will finish forming lists of Russian citizens who need assistance…

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UK increases stamp duty for foreign property buyers
The stamp duty surcharge will begin to be collected from April 2021. This decision may lead to a temporary surge in the activity of foreign investors in the country's market,…

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The US Federal reserve lowered its base rate to almost zero
The us regulator is taking measures to protect the economy from the effects of coronavirus. The us Federal reserve, which serves as the country's Central Bank, cut its benchmark interest…

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Russia has restricted air traffic to all countries of the world
Only regular flights from Moscow to the capitals or major cities of foreign countries are maintained. Here is a full list of current flights. Russia has restricted air traffic to…

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