News

Adrian’s residential property values increase

The new year brought some positive changes to property values in the city of Adrian.

Adrian Assessor Kristen Wetzel said residential assessed values collectively increased for 2016 by approximately 10 percent. She said commercial assessed values collectively increased by about 1.5 percent and industrial assessed values remained relatively flat.

“For 2016, most properties are seeing an increase in assessed value greater than the increase applied to the taxable value,” Wetzel said.

Source: Lenconnect Website

Equity Residential to Participate in Citi 2016 Global Property Conference

Equity Residential (NYSE: EQR) today announced that the company’s President and CEO, David J. Neithercut, will participate in a roundtable discussion at the Citi 2016 Global Property Conference on Monday, March 14, 2016 at 11:30 a.m. ET. The event will be web cast live.

Equity Residential is an S&P 500 company focused on the acquisition, development and management of high quality apartment properties in top U.S. growth markets. As of February 29, 2016, Equity Residential owns or has investments in 315 properties consisting of 83,551 apartment units located primarily in Boston, New York, Washington DC, Seattle, San Francisco and Southern California.

Source: Businesswire Website

China confident of property market growth despite slowdown

Beijing: China on Tuesday said its property market will continue to experience steady and healthy development because of sound economic fundamentals and enormous housing demand as it ruled out a real estate “bubble” similar to the one faced by Japan in 1980s following the economic slowdown.

“The Chinese residential property market is unlike the housing bubble experienced by Japan in the 1980s,” China’s Minister of Housing and Urban-Rural Development Chen Zhenggao said on the sidelines of the annual parliamentary session.

Source: Zeenews.india Website

Crowd funding for homes? Residential investment for as little as £50?Sounds incredible. We meet Property Partner’s Dan Gandesha

Residential property crowd funding platform Property Partner was only founded last year, but since its launch, it has grown fast, with the backers of funding circle and Zoopla investing in the firm.

Based in London, the company has a team of 37 employees, and has no lesser aim than building a “global property stock exchange”.

Source: Londonlovesbusiness Website

Property ownership for average rich Malaysian higher than world stats

Malaysia’s rich own more properties on average than their Asian or global counterparts, the latest wealth findings by international property firm Knight Frank showed.

The company’s Asia Pacific’s head of research Nicholas Holt said Malaysia’s ultra-high-net-worth individuals (UHNWI) have always favoured parking their money in residential properties, especially in Australia and the UK, and its latest study indicated a continuing trend to do so.

Source: Themalaymailonline Website