The China Securities Regulatory Commission (CSRC) fined the Chinese real estate giant Evergrande with $576 million for fraudulent business practices, the agency announced on Friday. “Between 2019 and 2020, Evergrande Real Estate fraudulently increased its revenues and profits by prematurely recognizing revenue, which resulted in the fraudulent issuance of publicly offered bonds in the foreign […]
Tag: Real estate
Indecopi forces real estate agency to compensate for delays in delivery of apartments
The Court for the Defense of Competition and Intellectual Property of Indecopi issued a resolution that sets an important precedent. Real estate agencies that fail to deliver real estate properties offered within the deadlines established in the sales contracts They will be obliged to pay the rental costs made by buyers. This is stipulated in […]
Mutual funds or real estate: How to generate greater profitability from the CTS?
The free withdrawal of funds from the Compensation for Time of Service (CTS) opens a window of possibilities for workers in the public and private sectors to consider different financial strategies that allow them to generate a greater profitability of the money they will have with this new partial or total until December 31. The […]
China lowers housing entry fees to support the real estate sector
China announced this Friday reductions in the entry fees necessary to purchase homes in a new attempt to rebuild the real estatemired in a major crisis for years. Thus, it is reduced to the fifteen% of the minimum deposit that must be provided by those who wish to acquire their first home, and at the […]
Xóchitl Gálvez promises to create 5 million homes in his potential Government
The opposition presidential candidate Xochitl Galvez promised this Friday the creation of 5 million households in Mexico during its potential administration and return the public subsidy for its acquisition. During the presentation of his construction project before the National Chamber of the Housing Development and Promotion Industry (Canadevi) and the Mexican Chamber of the Construction […]
After the pandemic, the price per m² rose by S/816
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 […]
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 […]