Latest Real estate News

Chinese property developer Country Garden plans deal with creditors, as industry languishes

Jan. 20, 2025 05:03 AM EST

HONG KONG (AP) — Embattled Chinese property developer Country Garden expects to reach a deal with its creditors in February to restructure billions of dollars in debt, the company’s lawyer told a Hong Kong court Monday. One of the largest Chinese real estate companies, Country...

Why is Spain considering a 100% tax on homes bought by non-EU buyers?

Jan. 14, 2025 13:24 PM EST

MADRID (AP) — Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties bought by people who are neither citizens nor residents of the European Union. Spanish Prime Minister Pedro Sánchez announced the plan this week to...