The world is getting hotter due to climate change. At the same time, the population is growing, and incomes are rising. Add those factors together, and you get a booming market for air conditioning (AC). While AC can help us...
The construction of Baez Place affordable housing in New York has begun following a grounded-breaking ceremony officiated by the New York Governor. The project is a component of Governor Hochul‘s broad initiatives to increase housing affordability, equity, and stability. The...
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...
The International Monetary Fund (IMF) estimated the volume of capital that has left emerging markets, including Nigeria, following the ongoing interest rate cycle at $50 billion. It linked the flight, which it described as a slower version of the March...
On the half-ruined top floor of an apartment block in war-scarred Irpin near Kyiv, Mykhailo Kyrylenko looks proudly at the new roof taking shape. Over a hundred residential blocks in Irpin -- dubbed a "hero city" by President Volodymyr...
People’s Bank of China has slashed the benchmark interest rate for mortgages from 4.45% to 4.3% to resolve the worsening property crisis. China’s central bank on Monday announced that it would cut its five-year loan prime rate. It also slashed...
This marks a 135.5% growth as compared to EGP 3.08 billion in the six-month period of 2021 The volume of mortgage finance provided by companies in Egypt amounted to around EGP 7.27 billion in the first half (H1) of 2022,...
Developer Thrive Construct recently announced the world’s tallest steel-timber hotel to be built at Victoria Square, Adelaide. Australia has caught onto the trend of building taller in timber, with other plans for three buildings 180-220 metres high submitted in...
In order to encourage improved affordability and accessibility in housing construction, stakeholders have advocated for the issuance of an Executive Order by the Lagos State Governor that would significantly reduce the cost of permits, especially for low-income and mixed-income...
In this article Barnard comments on the latest development in the ongoing battle between the City of Johannesburg and Property Developers in respect of the requirement to pay a developmental levy to obtain approval for property developments. In...
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