Saturday , February 23 2019

Real Estate

China has treasure chest of overseas real estate to sell

Bloomberg China’s biggest-ever overseas property buying spree reversed course in dramatic fashion in 2018. But even after the record unwinding, many lucrative real estate assets remain in Chinese hands. They include the 245 Park Ave skyscraper in Manhattan, New York’s famed Waldorf Astoria Hotel and Chicago’s Vista Tower, under construction ...

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Australia growth to be hit by housing ‘perfect storm’: AMP

Bloomberg Australia’s tumbling property prices could shave up to 1.2 percentage points from economic growth in 2019 as the decline hits housing construction and consumer spending, according to AMP Capital Investors Ltd. Sydney and Melbourne prices will drop a further 10 percent next year, taking their peak-to-trough fall to 20 ...

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