In Valencia, Spain, the expansion of both licensed and unlicensed tourist accommodations is raising housing prices and pushing locals out of traditionally working-class neighborhoods.
Tag: real estate
Across Mexico, where gentrification has pushed housing prices up by 247% from 2005 to 2021, locals are angry over their forced displacement and lack of housing rights. They recently protested against mass tourism and “digital nomads.”
Homeownership for young people is becoming less attainable across the globe, in the face of record high home prices, cost of living crises and high debt. The economic shift is changing the very nature of society.
How the housing shortage was tackled in the Weimar Republic – and what we can learn from it today.
China’s real estate crisis is hitting small, unattractive cities like Shaoguan hard. This city of 3.3 million residents in the far south of the country has a stock of empty apartments that could take 10 years to sell.
Daniel Esteve, the founder of Desokupa, a company specializing in the extrajudicial eviction of squatters, has become an important player in Spain’s far-right politics. This investigation by Laura Galaup and Dani Domínguez for Spain’s La Marea shows how Esteve built his image and profitable company on fake news and hate speech.
Canada has become the most recent country to impose restrictions on non-residents buying real estate, arguing that wealthy investors from other countries are pricing out would-be local homeowners. But is singling out foreigners the best way to face a troubled housing market?
Real estate is booming in Ukraine, even as the war with Russia has fundamentally changed where people want to live, and in what kind of buildings. There is, in any case, a lot of activity as lives are uprooted — and a general preference for lower floors.
February 19 – February 25, 2024
After the start of the war in Ukraine, Russian oligarchs and other rich individuals turned to the real estate markets in Dubai and Turkey. Now Russian buyers are back in Europe. Three EU countries in particular are attracting buyers for their controversial “golden visa” program.
After a series of coups in West Africa, what will happen to the corrupt systems set up by past rulers — will they endure, or could reform be ahead?
Higher, faster, more expensive – in German cities, renting out office space was a booming business. Then came remote working and higher interest rates.
After living in a campervan for more than a year, the author reflects on the limits of both settling down and rolling on forever.
The war crimes arrest warrant issued by the Hague puts the pressure on the Russian president. Would that prompt him to follow through on his past threats to use nuclear weapons? An extensive investigation by independent Russian publication Project.Media into Putin’s life finds that he has other priorities closer to home.
The shoddy homes that collapse on their inhabitants in Turkey’s recent earthquake were badly, and hastily, built as part of a worldwide real-estate fever typically fueled by greedy governments indifferent to safety norms and common sense.
The likely defection of Russian tourists this summer is clouding the prospects of tourism professionals in the South of France, whose activity is still recovering from the pandemic. An emblematic snapshot of the after-effects of Putin’s invasion of Ukraine.
Wealthy Latin Americans have been among the most active home buyers in Miami, which now may be creating a “tough” sellers’ market perceived by some as simply a haven for assets threatened by instability in home countries.
A year after riots in Delhi and elsewhere, Muslims are being forced out of their neighborhoods.
BEIJING — Yang Ke works for a high-tech company in Shenzhen on the southeast coast of China. Thanks to a few years spent abroad, he has saved up a considerable amount of money and is looking to invest it in foreign real estate. After intensive discussions with real estate agents, he decided that property in […]
Authorities seized 701 kilograms of cocaine on a ship in the port of Oran. The record haul points to a growing network linking South America to Europe via Algeria.
With the arrival of tech-heavy, self-driving vehicles, makers of traditional cars will have to adapt. But so too will everyone from real estate agents to insurers and tax collectors.
MADRID — As a freelancer without a fixed salary, I’m rather desperate to buy a studio apartment, something to help ground me in these turbulent times and provide at least some measure of financial security. So far my search has focused on two places: Mexico City and Madrid. The former has a well-established reputation for […]
In 2002, the major southern city gave developers a decade to revitalize 138 old villages as part of China’s rapid urbanization. Almost 15 years later, only four have been revamped, and the last holdout residents still refuse to leave.
BEIJING — Much has been made recently about Chinese real estate investors, who spend huge sums snapping up foreign property. Tencent Finance, a Chinese online magazine, published a report on the phenomenon this week, in an article titled: “Those Countries Taken Over By Chinese Property Speculators.” Here’s a breakdown. South Korea: South Korea‘s geographical proximity […]
-Essay- NEW YORK — A short news flash in early October 2014 made me shoot out of my comfortable chair. For no particular reason, I felt that the news of a Chinese insurer buying the Waldorf Astoria, the world’s most prestigious hotel, was important. For me, it was as big as when the Chinese bought […]
In the past year, the greater Los Angeles area has seen a surge in the number of Chinese buyers interested in the area’s real estate — in particular, those mega-properties valued above the $15 million mark. The trend has been confirmed by both L.A.”s high-end real estate brokerage firm, John Aaroe Group, which has recently […]
SYDNEY — Recently in this city’s trendy Darling Harbor district, a new high-end housing project of 581 apartments sold out in just five hours. One third of these flats — costing from 800,000 Australian dollars ($611,000) for a one-bedroom unit to more than 10 million ($7.6 million) for a luxury penthouse loft — were sold […]
With its 391 units spread among 46 floors, the glass tower has transformed south Manhattan’s skyline. But it has been an utter business failure.
With Argentina’s economy in crisis, Miami real estate has become a nice refuge for well-off Argentines to protect their money from devaluation. But it’s not just about the beaches
LONDON — This is the fourth month that Shen has promptly received the 2,600 pounds ($4,050) from his tenants. The newfound landlord bought a London flat in January, having calculated that even if he doesn’t raise the rent, he’ll be still able to pay off the down payment in just five years. Shen is but […]
Categories
Look Who’s Coming To Cyprus Now
Real estate agents from the troubled Mediterranean country have identified potential buyers in China, looking for both cheap real estate, and EU residency. But buyer beware.
The first well-known person who dared buy an island was the shipping magnate Aristotle Onassis, with his famous Skorpios, in the emerald waters of the Ionian Sea off the Greek coast. Then there was Marlon Brando, who made a new life on Te’tiarao after being captivated by French Polynesia. Until recently, only the bulging bank […]