Foreign Property News | Posted by Shwe Zin Win
Fred Meisberger, an 80-year-old veteran, was evicted from his Greater Cincinnati home of 27 years after selling his property to a company that offered sale leasebacks. A sale-leaseback allows the owner of a property to sell it to an investor-landlord, who in turn, leases the property to the owner in what is typically supposed to be a long-term arrangement. While this practice can help cash-strapped homeowners struggling with some of the additional costs of owning property, somecompanies are reportedly taking advantage of consumers by purchasing their homes for cheap and charging tenants for shorter terms or exorbitant rental rates. "They took almost everything I own," Meisberger...
Foreign Property News | Posted by Aye Myat Thu
Home prices could play a subtle but important role in the 2024 presidential election, according to a recent first-of-its kind study.The academic study, Housing Performance and the Electorate, analyzed home prices and election results at the county level for each of the six presidential elections from 2000 to 2020. The authors found that local home price performance significantly affects voting in presidential elections at the county level. Counties with superior gains in home prices in the four years preceding an election were more likely to “vote-switch” to the incumbent party’s presidential candidate. Conversely, counties with relatively inferior home price...
Foreign Property News | Posted by Zarni Kyaw
BRITAIN'S most isolated home is on the market in the UK's only desert - but buying it could prove challenging. A converted train carriage dating back to the 1880s is up for sale on the coast of Kent. (A converted train carriage dating back to the 1880s is up for sale on the coast of Kent.Credit: Jam Press/The Modern House) (The house has three bedrooms and is one of around 30 railway carriages in the region.Credit: Jam Press/The Modern House) (It's fitted with chic furniture and decadent decor.Credit: Jam Press/The Modern House) (The house provides picturesque views of an iconic lighthouse. Credit: Jam Press/The Modern House) The spectacular...
Foreign Property News | Posted by Hnin Ei Khin
Beijing has announced 300 billion-yuan (US$41.5 billion) in funding to help clear excess housing inventory, as well as measures to ensure developers have access to financing and to encourage the repurchase of “idle” land, as China embarks on its most ambitious effort yet to rescue the property sector and shore up the broader economy. The “relending” ခွင့်ပြုပေး funds will enable local state-owned enterprises to buy unsold homes they can then offer as affordable housing, top officials told a media briefing on Friday afternoon. They will be offered to 21 national lenders, from policy banks to state-owned commercial banks and joint-stock...
Local Property News | Posted by Zarni Kyaw
[Unicode] မန္တလေးအိမ်ခြံမြေဈေးကွက် အတွင်း တစ်နိုင်တစ်ပိုင် ရင်းနှီးမြှုပ်နှံလိုသူများက ခိုင်မာမှုရှိသော အိမ်ခြံမြေဈေးကွက်ကို ဦးတည်လာကြောင်း အိမ်ခြံမြေအကျိုးဆောင် များထံမှ သိရသည်။ လက်ရှိတွင် အိမ်ခြံမြေဈေးနှုန်းများ မြင့်တတ်လာပြီး...
Foreign Property News | Posted by Aye Myat Thu
It’s time to think big! If you have ever dreamed of owning your own town, here’s a unique opportunity! Almost the entire town of Campo, CA, has just hit the market for $6.6 million. The listing in San Diego County includes 28 buildings that offer a mixture of residential and commercial opportunities. The 16-acre property offers a total of 95,000 square feet of interior space, which comes to $69 per square foot. Many of the residential units are said to have been updated, and modern amenities include new roofs and vinyl plank flooring. Campo is an hour east of San Diego, and the property offers “the potential for high cash flow and significant upside through strategic...
Foreign Property News | Posted by Shwe Zin Win
A two-story Soho building bought by the late John Lennon and Yoko Ono in 1971 has hit the market for the first time in a half century. The brick, bluestone and terra cotta structure at 496 Broome St. was the first residence the pair purchased together in New York City, two years before they famously moved to the Upper West Side’s Dakota, where Lennon was gunned down. Now, more 50 years later, Ono — who has retained control of the property since buying it — and her son, Sean Ono Lennon, have listed it for sale with company JLL, for an asking price of $5.5 million, the New York Times first reported. (The facade.Courtesy of JLL) “The building on...
Local Property News | Posted by Zarni Kyaw
[Unicode] ကိုဗစ်ကာလနောက်ပိုင်း အပန်းဖြေခရီးသွားလာမှုများ တဖြည်းဖြည်းခေတ်စားလာမှုခြင်းကြောင့် ပုဂ္ဂလိကပိုင်ဆိုင်သော အပန်းဖြေနေရာများ အိမ်ခြံမြေနှင့် ဥယျာဉ်ခြံများကို စနစ်တကျဖွံ့ဖြိုးလာစေရေးအတွက် လိုင်စင်ပြုလုပ်နိုင်ရန် ဆောင်ရွက်နေကြောင်း...
Foreign Property News | Posted by Aye Myat Thu
Everyone has their hobbies, and one of mine just so happens to be whiling away hours on Rightmove, fantasising about living in houses I will never be able to afford. So you can bet I was pretty darn excited to discover a listing for Britain’s most expensive flat on the market for an eye-watering £175,000,000. The five-bedroom penthouse is located in the iconic One Hyde Park development in Knightsbridge, London, a complex made up of four luxury apartment buildings. According to the latest Rightmove data, properties in Knightsbridge had an overall average price of £2,915,809 over the last year, making this home more than 60 times the average property price in the...
Local Property News | Posted by Zarni Kyaw
[Unicode] မြန်မာနိုင်ငံတစ်ဝှမ်းရှိ အပန်းဖြေအိမ်ရာများအနက် ပင်လယ်ကမ်းခြေ နှင့်နီးကပ်သော ဧရာဝတီတိုင်းအတွင်းမှ အပန်းဖြေအိမ်ရာများမှာ ဈေးကွက်ကောင်းမွန်နေဆဲဖြစ်ကြောင်း အကျိုးဆောင်များထံမှ သိရသည်။ “ ငွေဆောင်နဲ့ချောင်းသာအနီးက အပန်းဖြေအိမ်ရာတွေ...