UNITED STATES
New rules will require shell companies buying or selling property in New York City to reveal the names of all shell company members. [The New York Times] Motivated by Donald Trump’s recent comments on immigration, a Palm Beach County-based real estate brokerage will waive all sales commissions on the sales of its Trump-related properties until January 2016. [Palm Beach Post]
EUROPE
Bloomberg offers a video profile of a day in the life of a Greek realtor. [Bloomberg] Investor extraordinaire Warren Buffet and actor Johnny Depp are among those purchasing Greek island real estate during the country’s debt crisis. [New York Post]More: Greek Islands Wait Out the Storm
MIDDLE EAST
A new Dh1 billion (US$272.2 million) gated luxury residential community consisting of 360 townhouses is set to begin development in District 11 of Mohammed Bin Rashid al-Maktoum City in Dubai. [Albawaba]
ASIA
In an interview with ETRealty, Brotin Banerjee, CEO of Tata Housing, expressed his belief that home prices in India will rise again by the end of 2015. [ETRealty] Chinese auction site Paimai will soon host over 1,000 Portuguese luxury villas, totaling a market value of 1.6 billion yuan ($257.6 million), to meet the increasing demands of affluent Chinese buyers for international investment properties. [Shanghai Daily] Changes in the restrictions of China’s Qualified Domestic Individual Investor program could, theoretically free up Chinese buyers to invest up to $2.3 trillion in new property around the globe. [World Property Journal]
AUSTRALIA
Economists predict that Chinese buyers already sizable investment in the Australia property market is set to grow. [Sydney Morning Herald] A new report predicts a crisis of confidence for Sydney homebuyers should interest rates rise. [Domain] 78 suburbs of Melbourne have hit the $1 million (US$743,530) mark for median home price. [Herald Sun]
CARIBBEAN
Mike Carey, a leading realtor in the Bahamas, is calling for an elimination of the recently adopted 7.5% value-added tax on real estate transactions in the island nation. [BahamasIslandInfo]View full listing (pictured top)
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