“Blockbuster real estate deals are back and breaking records as cash from around the globe pours into U.S. office buildings, apartment complexes and other investment properties. Demand for property from warehouses to skyscrapers is booming, helped by more than six years of Federal Reserve efforts to stimulate economic growth by keeping interest rates low, and stockpiles of cash from overseas investors seeking a haven. Surging prices for the best buildings in big cities such as New York and San Francisco are driving the real estate recovery. Centrally located office towers are fetching prices 33 percent above records set in 2008.”
(Visited 24 times, 1 visits today)
Related posts:
Bitcoins being used in the Shanghai property market
Daniel Ellsberg: Snowden made the right call when he fled the U.S.
Iraqi family slaughtered in suspected US-led air strike
BIS: Central banks warned of 'false sense of security'
Navy’s experimental X-47B drone successfully lands on aircraft carrier
Scientists discover DNA body clock
U.S. flies B-52 bombers over South Korea
Alabama Gov. orders investigation after DNA, blood samples collected at roadblocks
Home Depot Co-Founder: We Should Throw Edward Snowden a Party - We Ought to Be Grateful
European Commission president calls for building an EU army
French crackdown on tax cheats 'to accelerate'
Virginia State Trooper inattentively plows into skateboarder, beats hasty exit
Bank of Montreal CEO: Bank is open to Bitcoin, conditionally
Taxpatriate? Tax dodgers welcome to leave, not welcome to return
Indian starving children’s fund used to fix buses