Real estate industry
As rising unemployment threatens to almost double the number of Australian households at risk of forced sale or foreclosure, the effects of falling interest rates and petrol prices will be erased, a study by Fujitsu Australia and New Zealand warns. With unemployment forecasted to rise to five per cent by
Real estate industry
South Korea's state-controlled electric power company, Korea Electric Power Corp. (KEPCO), is considering a major shift in its business strategy, with plans to diversify into the real estate development market. Led by President Kim Ssang-su, the company aims to generate additional profits by leveraging its extensive property holdings,
Real estate industry
Duke Realty Corporation, a leading vertically integrated real estate company, has announced the income tax characteristics of its 2008 common and preferred share dividends. For corporate shareholders, the Section 291(a) preference item is 0.7164% of total dividend distributions. The company's focus on real estate ownership, construction,
Real estate industry
The Rudd government's decision to double the first homebuyers grant to $14,000 for existing homes and $21,000 for newly-built homes has paid off, with new figures showing a significant increase in the number of houses purchased by first homebuyers in November. The Australian Bureau of Statistics
Real estate industry
The Reserve Bank of Australia's (RBA) aggressive interest rate cuts are having a positive impact on the housing sector, with a second consecutive monthly rise in home loan commitments in November. The Australian Bureau of Statistics reported a seasonally adjusted increase of 1.3% in owner-occupied housing finance
Real estate industry
Foxtons, one of London's biggest estate agents, is facing a potential financial crisis after its owner, BC Partners, admitted to breaching lending agreements with its banks. The buyout firm invested £390m in Foxtons in May 2007, but worse-than-expected market conditions have pushed the company into crunch talks with
Real estate industry
Shlomi Ben-Ezri, CEO of the New Contractors Association, has predicted a 5% increase in home prices nationwide in 2009. In an interview with Globes, he attributed this growth to a combination of factors, including a shortage of housing inventory, a long construction period, and a slowdown in the market. This
Real estate industry
Associated Estates Realty Corporation, a real estate investment trust (REIT), has extended its shareholder rights agreement to protect shareholders in the event of a takeover. The agreement, which was originally adopted in 1999, has been renewed through 2018. The Board of Directors believes that the agreement provides an effective means
Real estate industry
The real estate industry's fortunes have fluctuated wildly over the past year, with the BSE realty index plummeting from a high of 13848 on January 8 to a low of 1403 on December 2, representing a staggering 90% decline. This rapid downturn has forced companies to reevaluate their
Real estate industry
Vietnam's real estate sector experienced a significant surge in investment in 2007, with a total of $5 billion in committed capital, accounting for 24.6% of the country's foreign investment. This growth positioned real estate as the second-largest sector in the country, after industrial production. The
Real estate industry
The US housing market continued to face significant challenges in November, with sales of existing homes showing a slight increase despite being the second-lowest on record. The median home price dropped by 3.3% from the previous year, and the inventory of unsold homes remained high, indicating a prolonged market
Real estate industry
Duke Realty Corporation, the largest publicly traded, vertically integrated office/industrial real estate company in the United States, will host its quarterly conference call to discuss fourth quarter results on Thursday, February 1, 2007, at 3:00 p.m. Eastern Time. The call will be webcast and available to both
