Four years ago, the coronavirus pandemic disrupted not only productive activity in Peru, but also the cost of living. Since then, the price per square meter (m²) reached S/6,675 in Metropolitan Lima, and thus shows a variation of 13.93%, according to Urbania. In the months before the outbreak of the health emergency, The properties were […]
Tag: Real estate
More than 9.5 million Hispanics are homeowners in the US.
More than 9.5 million Hispanics living in USA are currently owners of a living place and in 2023 the rate of Latino buyers reached 49.5%, according to the latest report from the National Association of Property Professionals. Real estate Hispanics (Nahrep). The entity points out that in 2023 there was a net increase of 377,000 […]
Spain ends “golden visas” to stop real estate speculation
Spain will eliminate calls “golden visas” which gives to foreigners who invest half a million euros in real estate properties, to stop the speculation suffered by many Spanish cities, the President of the Government, Pedro Sánchez, announced on Monday. The government is going to “eliminate the granting of the so-called ‘Golden visa’ that allows access […]
Chinese central bank governor sees “positive signs” in real estate market
The governor of People’s Bank of China (PBOC, central bank), Pan Gongsheng assured that the real-estate market of the country, mired in a long crisis, has shown “some positive signs” and that has “solid foundations.” “There have been some positive signs in the property market, which has solid foundations for healthy and stable long-term development. […]
The m² becomes more expensive by S/50 and rose to S/6,675 in Lima
During March of this year, the price per square meter (m²) in Metropolitan Lima reached S/6,675, Urbania reported. There is an increase of 0.3% compared to the previous month, and almost S/50 compared to what was seen a year ago. The report states that Brand new apartments were the ones that had the greatest increase […]
Chinese regulator will prohibit Evergrande president from accessing the stock market
Chinese regulators will ban the president of the real estate giant from the stock market for life Evergrandea subsidiary of the company announced on Monday, adding that a large fine will be imposed on the company. China Securities Regulatory Commission (CSRC) “plans to speak out in favor of banning Xu Jiayin from the stock market […]
Rise of ‘nearshoring’ worsens the housing crisis on the northern border of Mexico
The relocation of value chains or ‘nearshoring‘threatens to worsen the housing crisis on the northern border of Mexicowhere property prices rose almost 12% in the last year in Ciudad Juárez alone, according to the Mexican Association of Real Estate Professionals. He ‘near shoaring‘has caused the arrival of thousands of foreign workers to Juárez, a city […]
The square meter shot up to S/7,419, one step away from its historical peak
The price of the square meter (m²) in metropolitan Lima reached, in the fourth quarter of 2023, S/7,419, just 0.5% below the previous quarter —when it recorded its highest value ever recorded: S/7,454— and 2.2% more than in the last three months of 2022, revealed the Peruvian Chamber of Construction (Capeco). The largest increase was […]
Country Garden: they file a liquidation request against the Chinese real estate company
A creditor submitted a liquidation request to the Hong Kong Justice against the indebted Chinese real estate giant Country Garden due to the non-payment of 1.6 billion Hong Kong dollars (US$204 million) of a loan, the developer reported today. In a statement sent to the Hong Kong Stock Exchange – where it is listed – […]
Property tax 2024: everything you need to know
In January, all citizens receive the coupon book at home, which is the sworn declaration of the property tax and municipal taxes with our data and those of the property, as well as what we have to pay. However, the question arises as to who receives the payment if the property is transferred or if […]