Waiting for a recession: as the Russian ultrahindi saving money in real estate
The coronavirus pandemic, panic on world markets, quarantine, falling oil prices and the falling ruble have affected the real estate market. The first to suffer were the hotel segment and…

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Named Spanish regions with the highest salaries
The average salary in the country is 1,695 euros per month before taxes, according to Idealista. Madrid and the Basque Country are the regions of Spain with the highest salaries,…

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Abu Dhabi to build 28,000 homes and apartments by 2023
The interest of foreigners in the capital of the UAE will grow thanks to" Golden visas " and the ability to buy real estate in full ownership, according to the…

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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.

Montenegro approved the first applications for citizenship by investment
According to the press service of Henley & Partners, the first application was considered only three months. The government of Montenegro approved the applications of three investors for citizenship. The…

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France closes schools and universities due to coronavirus
The coronavirus epidemic is just beginning, warns Emmanuel macron. On the evening of Thursday, March 12, French President Emmanuel macron announced in a televised address to the nation that all…

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Abu Dhabi to build 28,000 homes and apartments by 2023
The interest of foreigners in the capital of the UAE will grow thanks to" Golden visas " and the ability to buy real estate in full ownership, according to the…

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More than 5,000 foreign investors have been granted Turkish citizenship in two years
The decrease in the minimum investment required to obtain a country's passport has led to a boom in the Turkish real estate market, writes Daily Sabah. According to the Turkish…

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