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Housing Market

Deutsche Bank strategists turn sour on European bank stocks


LONDON Deutsche Bank's European equity strategists cut their rating on regional banking stocks to "underweight," saying that the sector is among the most sensitive to swings in euro area growth, which they expect will fade this year, and that valuations are no longer compelling.

Hong Kong property cooling moves set to fail as shadow lenders fill the gap

HONG KONG Hong Kong's latest attempt at cooling home prices in one of the world's most expensive property markets is expected to send buyers scouring for loans in the unregulated shadow banking industry, spreading risk across the financial sector.

May 28 2017

U.S. home prices to rise at a strong pace on tight supply: Reuters poll

U.S. home prices look poised to rise at a robust pace over the next few years, mainly because of a chronic shortage of houses and steady demand, a Reuters poll showed on Friday.

May 26 2017

Hong Kong-China consortium buys New Territories land plot for $1.07 bln

HONG KONG A Hong Kong-China consortium of property developers on Friday won an auction for a plot of land in Hong Kong's New Territories with a bid of HK$8.33 billion ($1.07 billion), beating market expectations.

May 26 2017

Retail REIT shares rally as fear of e-commerce competition ebbs

NEW YORK Strong earnings from the battered U.S. retail sector, which helped lift Wall Street on Thursday, also boosted shares of the hard-hit real estate investment trusts (REITs) that own the properties where the retailers are located. Sears Holdings Corp , which reported on Thursday its first quarterly profit in nearly two years, brought the retail REITs rally to roughly 7 percent since early least week.

May 25 2017

Canada home prices not coming down yet thanks to low rates: Reuters poll

Efforts to rein in Toronto's hot housing market and recent problems at mortgage lender Home Capital are unlikely to hurt Canada's national real estate market as low borrowing costs continue to stoke demand, according to a Reuters poll of analysts.

May 25 2017

BlackRock to pay $1.25 billion over 20 years for New York headquarters

NEW YORK BlackRock Inc will initially pay about $60 per square foot in rent for its future headquarters in the Hudson Yards district on the far west side of midtown Manhattan, the company said in a filing on Thursday.

May 25 2017

Poland, Hungary keep loose rate policy, Czechs may tighten

BUDAPEST/WARSAW Hungary and Poland will keep monetary policy loose through to 2018, shrugging off rising inflation, while the Czech central bank may be the region's first to tighten later this year, rate setters told the Reuters Central & Eastern Europe Investment Summit.

May 25 2017

Developers sidelined in Moscow's $50 billion building bonanza

MOSCOW Russian developers who had hoped to be able to co-invest in Moscow's planned $50 billion program to resettle almost a million residents will only be involved as contractors, the city's deputy mayor told Reuters.

May 25 2017

Daily Mail's falling information revenue forecast hits shares

LONDON Daily Mail and General Trust warned on Thursday that underlying revenue in its information business would be lower than previously forecast and posted a fall in first half profit, sending its shares down 10 percent.

May 25 2017