The stamp duty that non-permanent residents have to pay for property and another levy imposed on additional property purchases by residents will each be halved to 7.5%. A special stamp duty amounting to 10% of property prices that was previously imposed on transactions involving property held for less than three years will now apply for …
Housing prices are high, supply is tight and rates are surging. The housing market is scaring off both buyers and sellers. “A lot of people just want to sit tight and see what happens,” said one real estate agent. Today’s housing market is facing a daunting combination of soaring mortgage rates, exorbitant prices, limited supply, …
Experience the epitome of street style photography: the glamorous Upper East Side. Joshua Kamei has taken the world by storm with his @LadiesofMadisonAve Instagram and TikTok accounts, where he captures the New York socialites, their fashion, and the captivating stories behind them. “I have a passion for glamour and this city, so I started reporting …
Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, November 13, 2021. Andrew Kelly | Reuters Mortgage rates experienced their sixth consecutive weekly increase, resulting in a significant decline in demand for home loans, which hit a record low not seen since 1995. According to the …
Picture this: Tom Cruise as your building’s superintendent. Believe it or not, this was a reality long ago. Before his breakthrough role in the 1981 film “Taps,” the world-famous movie star worked as a super in a historic limestone Renaissance Revival townhouse on the Upper West Side. Now, this very townhouse is about to hit …
JB Reed | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage rate reached 8% on Wednesday morning, hitting its highest level since mid-2000, as reported by Mortgage News Daily. This milestone coincides with the surge in bond yields to levels not seen since 2007. Mortgage rates tend to follow the …
Construction workers erect a building in downtown Miami, Florida, on June 14, 2023. Jim Watson | AFP | Getty Images Architecture firms witnessed a significant decline in business during September, signaling potential further downturns in the commercial real estate market over the next year. The AIA/Deltek Architecture Billings Index fell to a record-low score of …
Bob Knakal, the reigning king of New York City’s commercial real estate market, has sold his luxurious Park Avenue residence. The spacious condo, located at 737 Park Ave. and priced at $13.45 million, has recently gone into contract, just one month after a change in brokers. Despite being on the market since September, the asking …
Activist investment firm Starboard Value is advocating for changes to be implemented at News Corporation. One significant change they propose is the separation of the real estate business from the rest of the company. In an interview with CNBC’s David Faber, Starboard CEO Jeffrey Smith revealed that the firm is building a position in News …
A stunning Pacific Northwest compound designed to showcase impressive works of art has just hit the market with an asking price of $5.5 million. Art Häus, as it is known, is a truly unique property that was completed in 2006 with the intention of providing the perfect space to exhibit the current owners’ art collection. …