Signa Agrees Sale of Iconic Venice Hotel to Schoeller Group
Signa Prime Selection AG has agreed to sell three Italian properties, including the five-star Hotel Bauer in Venice, to the Schoeller Group.
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Signa Prime Selection AG has agreed to sell three Italian properties, including the five-star Hotel Bauer in Venice, to the Schoeller Group.
NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased while customers started to feel more confident.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
Hong Kong home prices rose for the first time in almost a year in March as the city’s removal of property curbs revived sales.
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
Mar 26, 2019
Bloomberg News
,U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates.
Residential starts fell 8.7 per cent to a 1.16 million annualized rate, below estimates, after an upwardly revised gain the prior month, according to government figures Tuesday. Permits, a proxy for future construction, fell 1.6 per cent to a 1.3 million rate.
Key Insights
The steeper-than-expected drop — which may partially reflect cooler weather in February — signals developers continue to struggle to build affordable properties amid rising costs for materials and labor. Even so, sales have started to bounce back from last year’s slump amid lower mortgage rates and faster pay gains.
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