March 21, 2024
UK News

Russian oligarchs’ London top properties are frozen.

There is a heavy coating of dust on the windows of Jardine House in the eastern parts of London City, and it is interrupted with crude graffiti. A note scribbled on some tape and stuck to the door announces that security is now conducting patrols of the unoccupied building. Owned by the Libyan Investment Authority, this once-bustling office building is now decaying, serving as a warning to affluent Russians. Since hundreds of Vladimir Putin’s associates have frozen their assets in Britain, their prime London property may suffer the same fate. Since 2011, when Britain sanctioned Moammar Qaddafi’s dictatorship, Jardine House

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March 21, 2024 No Comments
New Zealand News

New Zealand aims to cut construction costs through increased competition

A rise in construction costs has been blamed on New Zealand‘s efforts to open the market up to more competitors and novel items. A study by the Commerce Commission looking into the residential building materials market was released on Tuesday in Wellington. The government has since indicated its readiness to implement the report’s recommendations. The competition regulator has recommended making it more straightforward for innovative construction materials and practices to enter the New Zealand market and for existing competitors to grow. For alternative goods that provide customers more options, “it’s tougher for them to get into or develop in the

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March 21, 2024 No Comments
Australia News

“Missing Link”: Why Are Real Estate Investors Waiting

Homebuyers may be excused for assuming that, by the age-old adage “buy low, sell high,” investors would pour into the housing market during a slump. But this puzzle lacks one component despite decreased property costs and other variables that make brick-and-mortar attractive to landlords, such as low vacancy rates and growing rents. This is a result of rising interest rates, according to analysts. Recent increases are the primary reason for investors’ inactivity, resulting in higher mortgage repayments and increased uncertainty. Higher mortgage rates have effectively discouraged investors from joining the market, even though it is less expensive to acquire an

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March 21, 2024 No Comments