A ratings agency’s declaration confirmed what investors had already suspected, but they now must wait on a restructuring plan overseen by the firm hand of Beijing.
Tag: Real Estate and Housing (Residential)
As Pandemic Evictions Rise, Spaniards Declare ‘War’ on Wall Street Landlords
Protesters in Barcelona are pushing back against foreign investment firms that have bought up thousands of homes over the past decade and are forcing out residents who can’t pay the rent.
As Pandemic Evictions Rise, Spaniards Declare ‘War’ on Wall Street Landlords
Protesters in Barcelona are pushing back against foreign investment firms that have bought up thousands of homes over the past decade and are forcing out residents who can’t pay the rent.
Urbanites in Canada Flock to Atlantic Region Amid Remote Work Shift
As housing prices soar in big cities, the country’s eastern provinces are experiencing a surge in migration. Newcomers are being welcomed, but some locals are wary.
China Evergrande Troubles Spread Through Property Sector
Global markets just weeks ago were fretting over the possible failure of Evergrande. Now the developer says the worst is over, even as other companies show signs of trouble.
What Happened When a Hellishly Hot Tiny Town Offered ‘Free’ Land
The town in Australia’s outback, where the temperature can hit 113 degrees Fahrenheit, drew hundreds of global inquiries when it put out the call in a bid to expand its population.
China Evergrande Makes Payment to Dodge Default, Media Says
The troubled real estate giant faced the threat of default if it didn’t meet its obligations to foreign bondholders by Saturday.
China’s GDP Growth Slows as Property and Energy Take a Toll
Growth of 4.9 percent shows the country’s huge industrial sector has run into trouble. But exports and services are looking strong.
Home Buyers Who Went All In on Evergrande Now Want Out
China Evergrande Group’s financial troubles, and the government policies that helped push it to the brink of collapse, have threatened an important economic driver: home sales.
Home Buyers Who Went All In on Evergrande Now Want Out
China Evergrande Group’s financial troubles, and the government policies that helped push it to the brink of collapse, have threatened an important economic driver: home sales.