China is reportedly planning to offer at least 1 trillion yuan ($137 billion) in low-cost financing for urban village renovation and affordable housing programs. This move is intended to support the struggling property market. The People's Bank of China is...
Nigeria has been elected as the Chairman of the Executive Board of the United Nations Human Settlement Programme (UN-Habitat).
Minister of State for Housing and Urban Development, Abdullahi Tijjani Muhammad Gwarzo disclosed this in a statement issued by the Director of Information...
UK banks: mortgages are bringing an embarrassment of riches
Homeowners are watching UK mortgage rates soar skywards as their hearts descend to their boots. Some fixed-rate mortgagees will lose their homes when refinancings land them with monthly repayments they cannot...
The Social Housing and Mortgage Finance Fund revealed that banks’ contributions amounted to about $2.47bln to about 428,150 customers within the initiative, accounting for about 95.4% of the total funding Egypt - Banks and finance companies’ contributions to the Central...
In tackling the housing crisis, government needs to play its part in creating an environment in which private sector developers are willing to take on the risk to deliver the home supply so desperately needed. It’s amazing the difference a...
Industrial and Commercial Bank of China Ltd (ICBC) said on Tuesday frozen property projects involved 637 million yuan of non-performing mortgage loans at the end of June. The comments were made in a post-earnings press conference by Vice President Wang...
Authorities in Russia’s Ural and southwestern Siberian regions have issued urgent evacuation orders as water levels in rivers continue to rise swiftly, leading to widespread flooding, power outages, and displacement of residents.
According to Russia’s emergency ministry, more than 300...
New York paid out more than $3 billion in rent relief following the Covid-19 pandemic, offering a lifeline to hundreds of thousands of tenants who fell behind on their monthly payments amid pandemic-related job losses. But significant rent arrears persist nearly four...
The global construction industry is expected to add 230 billion m2 of new construction by 2060. With concrete being the second-most used substance (behind only water), today's sustainability efforts have focused heavily on lowering the operational carbon between the...
Kuwait has implemented an employment policy called “Kuwaitisation” which will enable 1,211 jobs in the country’s oil sector to be filled by Kuwaitis this year and not foreign nationals as the country seeks to provide more jobs to its...
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