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A FOUR-BEDROOM home in a central location with convenient transport links could be yours for just £1 - and comes with a £7k bonus. The bargain property on Elswick Road, Newcastle upon Tyne is promised to "appeal" to many buyers - but it's so filthy you can't see the floor. (This beaten-up property has hit the market for only £1.Credit: northnews)     (The floor is completely covered by piles of crap.Credit: northnews)   However, buyers that don't mind taking on a big renovation could be rewarded with a £7k prize. The dust-covered grand piano in the living room needs some tender loving care and is missing some keys - but could prove a hidden...

Many landlords in Dubai are asking tenants to vacate their properties in order to list them for sale, to cash in on record high prices, or move in themselves to beat rising rentals. I Rents have been increasing at a double-digit rate in Dubai over the past three years due to high demand from new residents coming to the emirate. Anisha Sagar, director of property management at Allsopp and Allsopp, said the law is clear that owners can serve notice to a tenant if they decide to sell the property or intend to move into the property for personal use.   (Anisha Sagar)   “What we have noticed is an increase in landlords looking to take advantage of the excellent market and...

AN abandoned train station has been untouched since the 1950s with its original features intact - and you can buy it for just £40,000. Pentre Berw station was once full of smoke from steam engines and sounds of whistles but has been left vacant for decades.   (The abandoned train station in Pentre Berw.Credit: WNS)   (The station's original features are untouched.Credit: WNS)   (It will soon be converted into a family home.Credit: WNS) The red and white brick station, nestled next to a tunnel, is in need of modernisation. But the station could be turned into a family home that's just the ticket. The former rural station in Anglesey still has a ticket...

-Nicolas Puech, a descendant of the founder of Hermès, planned to leave billions to his former gardener. -Now he says his fortune is gone, alleging fraud by his former wealth manager. -A Swiss court tossed the claims, Bloomberg reportedNicolas Puech, a descendant of Hermès' founder, Thierry Hermès, made headlines last year after he reportedly planned to leave half his fortune to his former gardener — but he's now saying his billions have disappeared. The 81-year-old has alleged in court filings that he no longer owns 6 million shares of Hermès worth about $13 billion and that his former wealth manager of more than two decades, Eric Freymond, played a...

A Beverly Hills megamansion that singer Mariah Carey once rented hit the market Monday asking $31.99 million. The 15,000-square-foot residence, inspired by a mashup of European architectural styles from Baroque to Louis XV, is located on a 0.6-acre lot on Laurel Way.   The three-story home includes eight bedrooms, and an entryway that features a 30-foot rotunda and not one, but two imposing double stairways, one outdoors and one indoors. It was built by a Russian couple who immigrated in the 1970s, and set about building their dream home, much to their neighbors’ consternation.   “I used all of what Europe has to offer,” Natalie Glosman, whose husband...

Filipina expat Marlyn Flores Castro would never forget the day she and her 11 siblings got evicted from their family home in the Philippine province of Pampanga. So she promised herself, her brothers, and sisters that one day, they will all have roofs over their heads. "We have experienced how it was to be homeless, and so I took it upon myself to ensure that my siblings, all 11 of them, will have their own house and lot," said 45-year-old Castro, fifth of the brood. "I told myself I’d prioritise the acquisition of real estate property once I get a job." Thanks to the opportunities Dubai had opened for her, she was able to keep her promise. While it had been decades since they...

The mystery buyer bought 801 Tower, a 465,200-square-foot building at 801 South Figueroa Street, in South Park, the Commercial Observer reported, citing unidentified sources. The seller was Barings, based in North Carolina. At the time of sale, the building was 79 percent leased. The deal works out to $129 per square foot. Barings purchased the building in 2014 for $178.2 million, or $383 per square foot. Late that year, New York Life Insurance provided a $100 million loan tied to the building. The lender allowed the sale from Barings to the Chinese buyer to provide a deed-in-lieu of foreclosure, avoiding L.A.’s controversial Measure ULA transfer tax, which tacks on another 5.5...

A Chinese property developer is giving back homebuyers the deposit they paid for apartments in a project it was unable to finish as part of a housing return programme coordinated by the local authorities, official media reported. The refund coordinated by the government of the city of Nanjing is believed to be the first such case in China, the New Beijing News reported this week, and could set a precedent for other cities and developers to resolve the problem of unfinished homes that has dogged the real estate sector. Since 2021, many developers across China have been unable to complete the construction of projects due to defaults. Policymakers are demanding developers to resolve the...

When Tayeb Souami’s wife ordered him to return a carton of orange juice to their local shop, he presumably found the whole thing a bit of a hassle. Little did he, or she, know that the penny-pinching act would scoop them a staggering $315 million (around £236 million) jackpot. Souami, a married father-of-two, based in New Jersey was, at the time of his win – on 19 May, 2018 – an accountant for a food importer. But money was tight. Then aged 56, he had just refinanced his home to cover the cost of his kids’ college tuition, and so he and his wife were doing their best to keep spending to a minimum. That’s why, when he returned home with a $5 bottle of...

A multimillionaire is giving away a large chunk of his personal fortune to help aspiring homeowners purchase their first property. Roger Fewtrell, 75, who made his millions by running and selling Southern Hospitality, has pledged to donate $25million to help people in Dunedin, New Zealand, buy homes. Mr Fewtrell plans to provide up to 250 people with up to $150,000 each to contribute to a deposit on a home built by his company. His goal is to help Kiwis 'battling to save for a deposit while the cost of living rises and are capable of servicing a mortgage.' The homes will mostly be stand-alone houses on 400 to 500sqm sections, with some apartments also being constructed. 'I am not the...