Real Estate

Adler Group SA has agreed to sell its Cosmopolitan portfolio in North Rhine-Westphalia to investment firms Orange Capital Partners and One Investment Management.

UK homebuilder Vistry Group Plc cut its pretax profit guidance for 2024 by another £50 million ($63 million) to about £250 million, attributing the move mainly to delays in year-end transactions and completions.

Iron ore dropped below $100 a ton as the market weighed the outlook for China’s property sector, which is expected to worsen.

China’s real estate woes look set to get worse before they get better, raising the prospect of a miserable year for property shares despite a recent bounce.

South Korea’s consumer confidence dropped by the most since the outbreak of Covid-19 this month, battered by the political turmoil triggered by President Yoon Suk Yeol’s declaration of martial law and his impeachment.

Slovenia plans to impose a tax on second homes to raise budget revenue and slow the appreciation of property prices amid a housing shortage.

US consumer confidence unexpectedly sank in December for the first time in three months on concerns about the outlook for the economy amid uncertainty around the Trump administration’s policies.

Forget the rest of the market—the tippy top of real estate is doing great.

New-home sales in the US rebounded last month as builders and consumers sealed deals that had been delayed by storms in the South, and buyers took advantage of heavy sales incentives.

Orders placed with US factories for business equipment rebounded in November, posting the strongest monthly advance in over a year.

The Canadian economy appeared to lose its strength toward the end of this year even as the central bank cut interest rates at a rapid pace.

US insurer MetLife Inc. is nearing a deal to buy PineBridge Investments’ assets outside of China from Hong Kong billionaire Richard Li’s Pacific Century Group, according to people familiar with the matter.

Property prices in Portugal rose the most in almost two years in the third quarter on the back of foreign demand and a shortage of homes on the market.

Norway’s $1.7 trillion sovereign wealth fund paid $976.8 million to take full ownership of properties in three major US cities, doubling down on a view that prime office real estate remains a good bet in the longer term.

Chinese developer Jinke Property Group Co. has revealed details of its court-supervised onshore debt restructuring to some of its creditors, said people familiar with the matter.