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...

Is Hawaii’s historic investment in affordable housing paying off?

Jan. 06, 2025 16:41 PM EST

Hawai’i’s Legislature made a historic investment in affordable housing in 2022, betting that $300 million would make a dent in the state’s affordability crisis. Two and a half years later, initial results are encouraging: About 2,000 units priced below market rates are in the...

Value-seekers drove 2024's retail trends and dead ends

Dec. 30, 2024 09:02 AM EST

Value was in vogue in 2024. Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices. Well-heeled customers traded down to Walmart and Aldi. Diners opted for fast food or home...

For some, the pope's big Holy Year only aggravates housing crisis as overtourism pushes out Romans

Dec. 20, 2024 12:43 PM EST

When Pope Francis left the Vatican earlier this month for his traditional Christmastime outing downtown, he acknowledged what many Romans have been complaining about for months: That his big plans for a Holy Year had turned their city into a giant construction pit, with traffic-clogging roadworks...

Milan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping street

Dec. 16, 2024 13:25 PM EST

MILAN (AP) — Shoppers laden with bags from Fendi, Loewe, Prada and other designer labels clog the narrow sidewalks of Milan’s swankiest shopping street, bringing joy to the purveyors of high-end luxury goods this, and every, holiday season. There’s even more to celebrate this...

Activist investors urge Macy's to create a real estate unit among other changes to boost stock

Dec. 09, 2024 10:21 AM EST

NEW YORK (AP) — Activist investor Barington Capital Group is calling on department store retailer Macy's to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale's and Bluemercury chains among other changes to boost its...

Thanks to peace, two unexpected words are echoing across Afghanistan's capital: Luxury housing

Dec. 03, 2024 00:18 AM EST

KABUL, Afghanistan (AP) — In a town that has been through it all and is clawing its way back, a man named Omidullah is looking to hit paydirt. The Kabul real estate agent is selling a nine-bedroom, nine-bath, white-and-gold villa in the Afghan capital. On the roof's gable,...

Tens of thousands of Spaniards protest housing crunch and high rents in Barcelona

Nov. 23, 2024 16:13 PM EST

BARCELONA, Spain (AP) — Tens of thousands of Spaniards marched in downtown Barcelona on Saturday to protest the skyrocketing cost of renting an apartment in the popular tourist destination. Protesters cut off traffic on main avenues in the city center, holding up homemade signs in...

Apartment buildings wrap up $1B in HUD funds for lower utility bills and climate upgrades

Nov. 19, 2024 14:19 PM EST

Renters in affordable housing felt forgotten and left out of the nation's transition to clean energy. They lived in older buildings that had been repaired over the years but had leaky windows and old appliances that consumed a lot of energy. They didn't have solar power. That was...