The Manhattan luxury real estate market experienced a surge in home contracts during the third quarter of 2024, despite a notable decrease in available listings. According to recent reports, sales of residential properties priced at $20 million or more saw a 16.7% year-over-year increase, signaling
A new chapter begins in Silver Lake, Los Angeles, as Cityview and Wafra secure a $73 million loan from 3650 REIT to acquire Silva, a newly built Class-A apartment community. Located at 235 N. Hoover Ave, Silva boasts 360-degree views of iconic landmarks like Hollywood, Downtown LA, and West Los Ange
New Yorkers are uniting for a future where affordable housing is within reach, thanks to the approval of the “City of Yes for Housing Opportunity” proposal. This initiative, marking a pivotal change in the city’s zoning code, aims to address the housing crisis and meet the growing demand
Renowned French architect Joris Poggioli recently transformed his Paris apartment, skillfully blending modern minimalism with the rich architectural heritage of the Napoleon era. Located in a mansion once used as Napoleon Bonaparte’s office, the apartment reflects a harmonious mix of historica
China’s property market is experiencing a major shift, as three of the country’s largest cities—Shanghai, Guangzhou, and Shenzhen—have eased homeownership restrictions to stimulate the market. The easing of these curbs is part of a broader strategy by both central and local governments to support th
Hackney Wick, a vibrant and creative area in East London, is set to welcome a new co-living development after receiving approval from the London Legacy Development Corporation (LLDC). This exciting project, led by investor Mitheridge and developer Halcyon, will deliver 337 co-living homes in two mod
The Los Angeles City Planning Commission recently made a pivotal decision, voting to prioritize housing developments outside of the city’s single-family zones. This move is part of a larger rezoning effort required by the state, aiming to accommodate over 450,000 new homes in the next five years. Wi
China’s real estate market, a critical pillar of its economy, has faced unprecedented pressure in recent years. A combination of strict purchase restrictions, cooling market sentiment, and high home prices had led to a slowdown, particularly in major cities like Shanghai and Shenzhen. To combat this
The federal government’s recent decision to extend mortgage amortizations to 30 years for first-time homebuyers aims to make homeownership more accessible, but experts suggest this will do little to alleviate London’s tight rental market. With vacancy rates at a mere 1.7% and rental prices con
New data from the London Assembly Housing Committee highlights a pressing challenge for the Affordable Homes Programme (AHP) 2021-26. According to the report, over 90% of the homes promised under this scheme need to start construction within the next two years to meet the programme’s goals. Th
California’s transportation department, Caltrans, is selling over 500 properties it seized decades ago for a defunct highway project along the 710 Corridor. While this sale offers a unique chance for reparations to communities harmed by urban renewal projects, many local residents feel excluded from
The housing market in the London, Ontario area saw a remarkable surge in August 2024, with housing starts more than tripling compared to the same month in 2023. According to the Canada Mortgage and Housing Corporation (CMHC), 470 housing units were initiated in August, a significant jump from the 15