Hong Kong home prices flat in June but seen hitting record soon – ET RealEstate

HONG KONG: Hong Kong private home prices were flat in June, official data showed on Wednesday, but realtors expect they will hit a new record high in the third quarter, supported by a recovering economy and hopes that mainland Chinese buyers will soon return. The index of June home prices in one of the most […]

When is the right time to draft a property will? – ET RealEstate

NEW DELHI: Rising number of COVID-19 cases related deaths have also sparked a crucial real estate discussion on the property inheritance. You must have seen family disputes over property matters languishing in the courts for years. This is because inheritance issues in India are very complicated and a single step can ensure your amicable distribution […]

Home sales in Canada fall for the third consecutive month in June – ET RealEstate

OTTAWA: Canada‘s scorching hot housing market is starting to cool, as burned-out buyers shift their focus from getting more space to getting back to normal after COVID-19, and the fear of missing out fades into a prevailing sense of “wait and see.” Home sales in Canada fell for the third consecutive month in June and […]

Dutch house prices rise as never before as property boom continues – ET RealEstate

AMSTERDAM: House prices in the Netherlands jumped an unprecedented 20% on a yearly basis in the second quarter, as low interest rates and a shortage of houses continued to fuel an already overheated property market, the Dutch association of realtors (NVM) said on Thursday. The average selling price for a house in the Netherlands surged […]

Home loan disbursals down 23% in Gujarat – ET RealEstate

AHMEDABAD: Disbursals of housing finance reduced by 23% in the pandemic year 2020-21 against the same period last year. Housing finance disbursals stood at Rs 12,731 crore in 2020-21 against Rs 15,647 crore in 2019-20, according to the latest report of the state-level bankers’ committee (SLBC). Bankers attribute the decline primarily to falling incomes due […]

How covid-hit co-working spaces in Noida are wooing clients back – ET RealEstate

NOIDA: Slashed rates, free trials and safety assurances — co-working spaces in the city are going the extra mile to bring back clients or retain existing ones as restrictions have started to ease. Co-working businesses have been among the worst-hit during the pandemic as people have preferred to work from home. Owners, however, feel the […]

Commercial real estate will continue to face significant pressure in near term: ICRA – ET RealEstate

Representative Image NEW DELHI: The commercial real estate sector will continue to face significant pressure in the near term owing to the continuing impact of the Covid-19 pandemic on both the office and retail leasing segments, according to ICRA Ratings. With the second wave peaking in Q1 of FY22, the sector is expected to confront […]

UK’s Workspace posts 235.7 million pounds loss in FY21 – ET RealEstate

BENGALURU: Workspace Group on Thursday slipped to its first annual loss in 12 years as COVID-19 battered occupancies and rents, with the office-space provider saying it would take a couple of years to recover to pre-pandemic levels. Shares of the FTSE 250 firm fell as much as 3.6% after it said it lost around a […]

Google to move to hybrid workplace model: Sundar Pichai – ET RealEstate

NEW DELHI: Google will move to a hybrid work week, where most Googlers spend approximately three days in the office and two days “wherever they work best”, according to a note by Google and Alphabet CEO Sundar Pichai. About 20 per cent of Google’s workforce will continue to work remotely after its offices reopen later […]

West Bengal offers help to set up covid isolation units on housing societies – ET RealEstate

Representative Image KOLKATA: The state health department on Monday issued an advisory to all major housing societies and high-rises in the city, asking the resident welfare associations to set up community-based isolation centres, assuring them of providing steady oxygen supply and daily visits by doctors there. Less than two weeks ago, KMC had made a […]