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Tag: real estate business news
Climate change may transform Nantucket’s real estate market
The 2,625-square-foot property on Sheep Pond Road was first listed in September for nearly $2.3 million, still below the median sale price of $3.2 million on Nantucket. But after the shoreline is lost a stunning 70 feet to erosion in just a matter of weeks, putting the home at imminent risk, the price plunged to $600,000 by year’s end.
A longtime visitor to Nantucket, Brendan Maddigan, who lives in New York, toys with owning a summer home there for his young family for years. He regularly
Spurt in credit to real estate as housing sales boom – Money News
The credit flow to real estate, from both banks and private channels, has significantly grown as residential sales boom and the office property market on the mend.
Bank credit to the commercial real estate sector stood at Rs 4.38 trillion as on January 26 this year, up 36% YoY, according to recent Reserve Bank of India data. The growth was 8% YoY in January 2023.
Credit to the residential real estate sector is expected to grow 15-20% in both the current and next financial years. In FY23, it was at 17.3%, according to India Ratings and Research. Banks’ exposure to
Leaving Seattle because of housing costs? We want to hear from you
It’s not news: the Seattle area is one of the least affordable places in the country. The median single-family home in King County now goes for an eye-watering $914,000, up 14% from a year ago, and buyers now need to make an average of $214,000 a year to afford a home without being stretched too thin — more than anywhere except California.
But while some residents have found ways to stay in this expensive area, others have had enough and moved to less costly communities — or even less costly states.
Some of these real
Gurugram Basks Amid Rising Sales of Luxury Housing in India With Over 20% Year-on-Year Increase in Rental Yield | Real Estate News
Gurugram Basks Amid Rising Sales of Luxury Housing in India With Over 20 Year-on-Year Increase in Rental Yield
Photo : PTI
Gurugramalso regarded as the Millennium City, has evolved into NCR’s real estate powerhouse with remarkable projects across all verticals, including residential, commercial, mixed-use, and particularly in the luxury segment. According to recent research conducted by R&R, new launches of luxury units in Gurugram skyrocketed more than twice during the year 2023. Notably, the micro markets of GCER (Golf Course Extension Road) & SPR (Southern Peripheral Road), along with New Gurugram, collectively contributed to 90% of these launches.
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