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Property News

Packed with tourists, Ibiza struggles to house locals

Ibiza - Gabriel Alberto Andrade has lived in a van for a year, unable to pay for a home in Spain's Ibiza where rental prices have shot up as mass tourism takes its toll on locals.

Palestinian family faces Jerusalem eviction after half century

Jerusalem - Fahamiya Shamasneh, a 75-year-old Palestinian woman, refuses to pack her things despite a looming deadline for evacuating the home she has lived in for more than 50 years.

Egypt squatters lose homes as state seizes land

- Hala Gamal looks at a pile of rubble on Cairo's Warraq island -- all that's left of her house after a police operation to evict residents accused of squatting on state land.

Wonderland Villas: A tale of Hong Kong's property rollercoaster

Hong Kong - Red-whiskered bulbuls start chirping around 5:00 am at Wonderland Villas, a hilltop complex in leafy northern Hong Kong whose own history charts the city's political, economic and social fortunes.

Wonderland Villas: A tale of Hong Kong's property rollercoaster

Hong Kong - Red-whiskered bulbuls start chirping around 5:00 am at Wonderland Villas, a hilltop complex in leafy northern Hong Kong whose own history charts the city's political, economic and social fortunes.

Wonderland Villas: A tale of Hong Kong's property rollercoaster

Hong Kong - Red-whiskered bulbuls start chirping around 5:00 am at Wonderland Villas, a hilltop complex in leafy northern Hong Kong whose own history charts the city's political, economic and social fortunes.

India's new property law seeks to protect home buyers

Surajpur - In 2010, Neena Nagpal and her husband spent their life savings on a flat outside Delhi that was never built. Now, a new law seeks to protect thousands of home buyers like her from unscrupulous property developers.

Britain steps up fight against dirty London property

London - Britain took a significant step towards exposing dirty money in the London property market this week, passing a law allowing the seizure of homes from foreigners who cannot explain how they paid for them.

Britain plans £369 mn refit for Buckingham Palace

London - Buckingham Palace will get a £369 million overhaul to replace leaky pipes and old cabling under a taxpayer-funded plan unveiled on Friday by royal officials and the government.

Trump name becomes liability in luxury NY real estate

New York - Trump Place Apartments are luxury living at one of New York's finest addresses, with marble floors, grand entrance halls, attentive doormen and magnificent views across the Hudson River.

Lock-up to library: France reinvents its decrepit prisons

Rennes - The ad on the French finance ministry website is deadpan and succinct: "For sale: late 19th century prison in the centre of Grasse, 1,277.42 square metres (13,750 square feet). No garage or parking space. Needs renovating.

Playboy Mansion sold to Twinkies chief

Los Angeles - The Playboy Mansion, the legendary party house where Hollywood's elite cavorted with scantily-clad "bunnies," is being sold to the billionaire Twinkies owner who lives next door, a spokesman said Monday.

'Kleptocracy Tour': London sightseeing with a difference

London - A black bus winds its way through some of London's most expensive neighbourhoods for a sightseeing tour with a difference -- a guided visit around luxury houses bought by shady international tycoons and officials.

Panama Papers: UAE president leads London property holdings

London - The president of the United Arab Emirates owns London properties worth more than £1.2 billion ($1.7 billion, 1.5 billion euros) through offshore companies revealed in the so-called Panama Papers, The Guardian reported on Wednesday.

Cash for Cardinal's luxury pad sparks Vatican probe

Vatican City - The Vatican has opened an investigation into the financing of renovations at a luxury penthouse occupied by Italian cardinal Tarcisio Bertone, the former number two in the Holy See hierarchy, officials said Thursday.

Serbia returns seized property of Holocaust victims to Jews

Belgrade - In 1945, Aleksandar Lebl returned to Serbia after escaping the extermination of Jews in World War II and reclaimed his family's confiscated house.

Polar bear patrols reduce bear deaths in Canada, WWF says

As sea ice in the Arctic continues to thin and decrease, polar bears are spending longer periods prowling coastlines. Separated from seals, their primary source of food, the bears scavenge for meals and are attracted by cooking odors and human waste.

Australia probes hundreds of home purchases by foreigners

Sydney - Australia is cracking down on foreigners who unlawfully own residential properties, investigating hundreds of cases ahead of the introduction of tougher penalties, Treasurer Joe Hockey said Saturday.

Cashing in on the Pope's visit to Philadelphia

New York - For enterprising dwellers in Philadelphia, the pope's maiden visit to the US means one thing: mega bucks and listing their apartments on Airbnb for thousands of dollars a night.

China gives new twist to world's second tallest building

Shanghai - The world's second tallest building, Shanghai Tower, will soon open in the Chinese financial capital with a twist -- a 120-degree twist, to be exact.

Turkish shop a symbol in Berlin's war on gentrification

Berlin - After decades of quietly selling fruit and vegetables, a family-run Turkish grocery shop has become the unlikely flashpoint in a Berlin culture war pitting a neighbourhood against property developers.

Michael Jackson's Neverland to go 'on sale for $100 million'

Washington - The sprawling California property that was once the location of the 'king of pop' Michael Jackson's mind-boggling amusement park is going on sale for $100 million, the Wall Street Journal reported on Friday.

Nintendo has a new plan: Mobile games and new consoles

During a press conference today, Nintendo revealed that it is finally going to enter the mobile gaming market in partnership with DeNA, releasing games featuring Nintendo characters to smartphones. A new console, "Project NX", is also in the works.

Nonprofits in Maine could end up being taxed

If a new budget proposal by the governor gets approved in the state of Maine, then nonprofits could end up paying property taxes.

Chinese 'House Uncle' accumulated 132 homes

Shanghai - A former Chinese village head accumulated 132 Shanghai residential properties, reports said, the latest "House Uncle" -- a nickname coined by netizens for male officials with multiple properties -- to be identified in a corruption crackdown.

Son-in-law retracts confession in Monaco heiress killing

Marseille - The son-in-law of a Monaco heiress gunned down in a Mafia-style contract killing has retracted his confession to ordering the shooting, saying he did not fully understand police.

Son-in-law charged with contract killing of Monaco heiress

Marseille - The son-in-law of a Monaco heiress gunned down in a Mafia-style killing has been charged with her murder paying hitmen for the brazen attack that has shaken the principality's super-rich.

Monaco heiress's son-in-law behind her murder: French prosecutor

Marseille - The son-in-law of a Monaco real estate heiress who was shot dead in a Mafia-style killing paid hitmen to murder her, a French prosecutor said Friday.

Singapore-based companies sell at record pace to investors

Singapore-based companies are seeing a huge surge in purchases of public businesses as take-private transactions have hit a record $7.94 billion in the four months to April 2014.

Hong Kong's billionaire Kwok brothers on trial in huge graft case

Hong Kong - A blockbuster corruption trial involving Hong Kong property tycoons Thomas and Raymond Kwok got under way Thursday, with all five defendants pleading not guilty to bribery charges.
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There are one billion squatters globally  that is  about one in every six people on the planet. Yet ...
There are one billion squatters globally, that is, about one in every six people on the planet. Yet, squatting is largely absent from policy and academic debate and is rarely conceptualized, as a problem, as a symptom, or as a social or housing movement.
Terraced houses in Burnley  England.
Terraced houses in Burnley, England.
Alexander P Kapp

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