Latest Real estate News

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