There are so many real estate articles out there — and so little time! For busy investors looking to take a quick reading break, look no further than our list of recommended reading for the week. From advice and investment tips to market reviews, we’re highlighting the stuff that’s really worth your time.
So sit back, and take a break. These were the 5 Must-Read Real Estate Articles of The Past Week:
By Dan Alexander via Forbes
Howard Air Force Base was once an imposing military installation alongside the Panama Canal, from which the United States fought guerillas and hunted down dictators. Sixteen years after the Americans left, there is a new man in charge: Colombian businessman Jaime Gilinski, who is turning the base into a brand-new city. He has already made $1.4 billion — and there are billions more to come.
By Lao Zhuo via Crowdfunding Insider
The property prices in China’s major cities have surged in recent months, first in Shenzhen, Shanghai and then Beijing. The rapid appreciation of property is drawing people’s attention back to the concept of real estate crowdfunding. Real estate crowdfunding was first launched in the US, and then introduced to China in 2014. By 2015, there were about 15 real estate crowdfunding platforms in China (e.g. Fangbaobao and Haofang Crowdfunding).
By Dusica Sue Malesevic via The Real Deal
U.S. commercial real estate sales took a dive last month in what may be the clearest sign that six years of growth is leveling off. In February, $25.1 billion worth of commercial property was sold compared with $47.3 billion in February 2015, according to Real Capital Analytics. Sales were $46.2 billion in January, the Wall Street Journal reported. Since 2009, prices for apartment complexes, office buildings, stores and other commercial property climbed, but there are indications that they are now falling in certain sectors, according to the Journal.
“Clearly there has been a plateauing,” Jonathan Gray, global head of real estate for Blackstone Group, told the Journal
By Michelle Higgins via The New York Times
For some buyers confronted with the high cost of New York City real estate, moving to the suburbs is a no-brainer. The prospect of more space for the money, a grassy yard and a less crowded public school outweighs the longer commute, the need for a car (or two) and the limited food-delivery options. Other buyers, however, would rather squeeze their growing family into a studio than abandon city life.
For those on the fence, there is a host of new real estate services to help with the decision.
By Peter Taylor via Forbes
In downtown Belgrade, Serbia a number of charred and collapsed government buildings still stand exactly as they were left after the 1999 NATO bombing as a public reminder of the costs of a still vivid civil war. Every city has its scars—some from wartime conflict and others, like Boston, from urban neglect. The “Scar of Boston” was a fittingly quarry-sized memorial to America’s real estate hubris during the mid 2000s and the subsequent meltdown. It was also yet another symbol of crushed promises in a neighborhood that had become one of Boston’s most visible symbols of urban flight. Up to the 1930s “Downtown Crossing” was Boston’s center of everything. By 1970 it had been re-named the “Combat Zone”.
Did you like these articles? What were your favorite articles this week?