Cumberland woman arrested after entering condemned property marked ‘No Trespassing’
Cumberland, MD – A 47-year-old woman was arrested Saturday afternoon after officers found her inside a condemned property on Pulaski Street that was clearly posted with warnings prohibiting entry. Around 12:00 p.m.,…
Chicago leads in certain commercial property loan distress in August: KBRA
By Matt Tracy (Reuters) – Chicago’s commercial real estate sector loans, within certain securities, had the highest distress or delinquency rate in August among the top 20 U.S. metro cities, a new…
HSBC to raise mortgage rates in Hong Kong; property stocks fall
By Xie Yu and Selena Li HONG KONG (Reuters) -HSBC Holdings will raise its mortgage rates in Hong Kong by a maximum of 50 basis points, a spokesperson for the bank said…
Marketmind: China’s weak property stocks set the pace
A look at the day ahead in European and global markets from Kevin Buckland A light calendar for Europe today means markets are likely to take their cues from Asia, and there’s…
Exclusive-China to take more action to revive property sector -sources
By Julie Zhu and Jane Xu HONG KONG (Reuters) – China is set to take further action including relaxing home-purchase restrictions as it scrambles to tackle a deepening crisis in its massive…
Chinese cities ease mortgage rules to revive property sector
BEIJING (Reuters) – Major Chinese cities have said they will allow people to take preferential loans for first-home purchases regardless of their credit records, in the latest move to help revive an…
China approves guidelines to boost affordable housing amid property debt crisis
BEIJING (Reuters) -China’s cabinet on Friday approved guidelines for planning and construction of affordable housing at a meeting chaired by Premier Li Qiang, state media Xinhua news agency reported. The Chinese property…
Ocean City Police Seek Suspects in Property Damage Case
OCEAN CITY, MD – The Ocean City Police Department is investigating a property destruction incident that occurred in the early morning of Thursday. Multiple individuals were observed damaging several vehicles in a…
Bounce in European property stocks: false start or turning point?
By Danilo Masoni MILAN (Reuters) – It’s hard to be bullish about real estate in an environment of sharply higher interest rates. Yet unloved property stocks in Europe staged a surprise rally…
Jackson Planner Forced Out of Meeting on Neighbor’s Property
JACKSON, NJ – Jackson Township Councilman Marty Flemming, owner of County Line Hardware, and a member of the Jackson Township Planning Board, was forced to recuse himself on a hearing in which…
Taiwan not planning new risk control for China property exposure – sources
TAIPEI (Reuters) – Taiwan’s top financial regulator has no plan to impose strengthened risk control rules for Taiwan banks and insurers exposed to the Chinese real estate market due to high loan…
Marketmind: China sets sombre tone with property turmoil
A look at the day ahead in European and global markets from Kevin Buckland China continues to set the mood for markets, and the tone is unswervingly sombre. Property boom poster child…
Trump-Appointed Judge Declines To Block Florida Law Banning Chinese Nationals From Owning Property
Trump-Appointed Judge Declines To Block Florida Law Banning Chinese Nationals From Owning Property Katelynn Richardson on August 17, 2023 A federal judge in Florida declined Thursday to block the state’s law restricting…
JPMorgan ramps up EM default rate forecast amid China property woes
By Marc Jones LONDON (Reuters) -JPMorgan ramped up its 2023 global emerging market corporate high yield (HY) default rate forecast to 9.7% from 6% on Tuesday following the latest wave of problems…
China stats bureau sees no deflation risks, plays down property woes
BEIJING (Reuters) – There is no deflation in China and there will be no deflation in the future, a spokesman of China’s statistics bureau said on Tuesday. China’s economic recovery faces challenges,…
Marketmind: China property troubles plague Asia stocks
A look at the day ahead in European and global markets from Wayne Cole. It’s been a nervy start to the week in Asia as concerns about China’s debt-laden property sector take…
Munich developer insolvent in latest blow to German property sector
By Tom Sims FRANKFURT (Reuters) – A Munich-based property developer said on Friday it had filed to open insolvency proceedings with a local court, in the latest sign of stress in Germany’s…
Are Chinese houses for speculation now? Property investors say no
By Liangping Gao, Ella Cao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Shanghai businesswoman Kate Ren might have hoped that after Chinese leaders removed the slogan “houses are for living, not for…
Investors bet on state-backed developers as Chinese property begins recovery
By Li Gu and Summer Zhen SHANGHAI/HONG KONG (Reuters) – Investors betting on recovery in China’s battered property sector are favouring the stocks and bonds of state-backed firms that are more likely…
China’s Zhengzhou city launches property support measures
BEIJING (Reuters) – China’s Zhengzhou city has launched measures to support its property market, including easing home resale restrictions, in what analysts said were the first such moves by a big city…
Chambersburg Woman Arrested for Assaulting Property Managers
CHAMBERSBURG, PA – On Tuesday, Chambersburg Police Department officers responded to a dispute between tenant Kennedee Waulk-Durfee and two property managers on the 2800 block of Orchard Dr. While officers were on…
China’s Evergrande Property applies to resume trading on Hong Kong exchange
(Reuters) – Evergrande Property Services Group Ltd said on Wednesday it had applied to the Hong Kong Stock Exchange to resume trading of the company’s shares from Aug. 3. Shares of the…
China vows lower business financing costs, support for property sector in H2
BEIJING (Reuters) – China will lower financing costs for firms, stabilise market expectations and support the property sector in coming months, the central bank said on Tuesday amid a flagging economic recovery.…
Germany’s struggling property sector in five charts
By Tom Sims FRANKFURT (Reuters) – Germany’s property sector is under stress, prompting firms to call for government support, property developers to file for insolvency and share prices of landlords to plunge.…
Analysis-Words only go so far: Investors want property fixed before buying China
By Summer Zhen and Carolina Mandl HONG KONG/NEW YORK (Reuters) – For all the excitement whipped up in China’s markets by the Politburo last week, foreign investors say policymakers’ words will have…
Analysis-How the ghost of 1990s property crash returned to haunt Sweden
By John O’Donnell FRANKFURT (Reuters) – Long before Europe faced its debt crisis, Sweden struggled through its own 1990s property crash. Now the country is preparing to use an old playbook to…
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