Rent falls in Spanish cities as coronavirus boosts demand for space – ET RealEstate

MADRID: Rental prices in Spain‘s major cities fell in July, data from one of the biggest property portals showed on Tuesday, as the coronavirus pandemic drove up interest in less densely-populated areas. Between June and July, rents dropped by an average of 2.5% in Barcelona and 1.7% in Madrid, according to Fotocasa, although they remain […]

Pune: Small entrepreneurs opt out of renting office spaces – ET RealEstate

PUNE: Sanjay Shinde has decided to focus more on online business instead of renewing the contract of his rented office space in the Shivajinagar area. The entrepreneur working in the field of IT-related services attributed his decision to the drop in business caused by the lockdown restrictions. Young entrepreneur Rahul Vispute, who runs a pest […]

Demand for rental accommodation in key cities starts easing – ET RealEstate

BENGALURU | MUMBAI | NEW DELHI: The Covid-19 pandemic has started casting a shadow over the rental housing market, which has so far been insulated from the crushing economic impact of the coronavirus outbreak. The residential property market in metros such as Bengaluru, Mumbai, Delhi, Pune and Chennai have witnessed an increasing number of young […]

More consumers keen on home ownership over renting despite Covid-19 challenges: Survey – ET RealEstate

Real estate is emerging as a preferred investment asset class in the backdrop of economic uncertainty and rising stock market volatility with over 50% of consumers considering buying a new home in the next six months, showed a JLL India survey. The survey was conducted online covering over 2,500 prospective homebuyers from Mumbai Metropolitan Region, […]

Flat buyers up in arms after Thane civic body converts building into Covid-19 facility – ET RealEstate

File photo MUMBAI: Nearly six years after they booked their flats, buyers of a recently constructed property in Thane waiting to take possession now face another setback after the municipality recently declared the building a quarantine centre. The civic body had received an application in February, seeking an occupancy certificate to begin possession at the […]

Guidelines for Covid centres in gated housing societies issued – ET RealEstate

File photo NEW DELHI: The Union Health and Family Welfare Ministry has issued guidelines, including on eligibility, handling of different categories of cases, and so on, for gated residential complexes desirous of setting up small Covid Care facilities run by the Resident Welfare Associations, housing societies and NGOs using their own resources. The ministry believes […]

Rent in Spain falls for first time in six years amid pandemic – ET RealEstate

MADRID: Rent across Spain slipped 0.2% in the second quarter from the preceding three months, the first price drop in six years as flats once destined for tourists flooded the residential market as a result of the coronavirus pandemic. Data released by online property portal Fotocasa on Thursday also showed rent in the Catalan capital […]

House sales surge in Turkey in June – ET RealEstate

ISTANBUL: Turkish house sales leapt nearly 210% year-on-year to 190,012 properties in June, official data showed on Tuesday, rebounding with the help of cheap loans as the economy began to revive after Turkey eased coronavirus containment measures. It was the highest monthly level of sales since the record level in December, when more than 202,000 […]

Process on to evacuate residents from ‘dangerous’ buildings in Thane – ET RealEstate

THANE: Residents of all buildings classified as ‘very dangerous’ in Maharashtra‘s Thane city are being evacuated in view of the current monsoon season and the process would be completed in a couple of days, civic commissioner Vipin Sharma said on Sunday. As many as 79 buildings in the city are under the C1 category (which […]

Kochi: Owners willing to rent out flats for quarantine purposes – ET RealEstate

KOCHI: At a time when apartment owners’ associations come up with stiff resistance over quarantining people in apartment complexes, a section of flat owners have come forward offering their flats on rental basis for quarantine purposes. It is mainly flat owners who live abroad are taking the bold step of giving their flat to someone […]