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Crestfallen Commie Mamdani Abandons Planned Property Tax Hike On New Yorkers Looks like NYC's communist mayor has had second thoughts about extracting more taxes by raising New Yorkers' property taxes - something he vowed to do to help close a two-year deficit. According to Bloomberg, the decision to drop the tax hike will be included in Mamdani's executive budget released today, which will mark the latest version of his spending plan for the fiscal year beginning July 1.  This is separate from a tax on second homes (the so-called pied-à-terre) that was initiated by Governor Kathy Hochul - which is still under consideration as part of state budget negotiations.  Earlier this year, Mamdani threatened to raise property taxes by nearly 10% as a way to lobby Hochul for more funding. He had little support for an across-the-board increase, with City Council members including Speaker Julie Menin opposing the plan. Any increase would have needed to be passed by that chamber. -Bloomberg Mamdani...

Private equity is becoming more selective -- especially in real estate. Rockpoint Co-CEO Tom Gilbane discusses where the capital is flowing now on "Bloomberg Open Interest." (Source: Bloomberg)...

April data from Zillow shows that for the first month in 2026, year-over-year new home listings outpaced home sales. Learn how this affects buyers and sellers....

Scottish Mortgage has said its holding in SpaceX is worth nearly £3bn ahead of the highly anticipated IPO this summer....

Lloyds Bank has become the latest lender to launch a new low-deposit mortgage that could help first-time buyers get on the ladder earlier....

There are countless unsung locations which offer the same advantages as well-known commuter towns - from reliable rail links and decent schools, to green spaces and a slower, rhythm of life....

FRANKFURT (dpa-AFX) - Die Finanzaufsicht Bafin sieht erhöhte Gefahren durch riskante Immobilienkredite für Verbraucher. Privatleute, die sich für die eigenen vier Wände hoch verschuldeten, liefen Gefahr, sich finanziell zu überheben, sagte der Präsident ......

The owner of collapsed mortgage lender Market Financial Solutions Ltd. allegedly used money borrowed from Wall Street banks to amass a personal property empire and a cash fortune of at least £408 million ($552 million), according to a lawsuit filed by officials winding down the UK firm....

Bei jedem siebten neuen Immobilienkredit ist das Darlehen mit hohem Risiko verbunden, warnt die Aufsichtsbehörde. Sie sieht darin ein Problem für Banken und Kunden....

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Australia will overhaul tax settings that have long favored property investors and assist households and firms grappling with soaring fuel costs in a budget that outlined deficits across the forecast horizon....

Asia-Pacific's commercial property investments surged in the first quarter, according to data tracked by analysts, as early signs of recovery in office and retail segments across Hong Kong and mainland China boosted deal volumes. Total investment in offices, retail spaces, industrial units, data centres, hotels, apartments, senior housing and other asset classes climbed 22 per cent to US$51.1 billion from the same period in 2025, data from MSCI showed. Hong Kong contributed US$1.8 billion, a 367......

Immobiliengesellschaft - PSP Swiss Property hat im ersten Quartal 2026 den Liegenschaftsertrag leicht gesteigert, einen höheren Gewinn erzielt und den Ausblick bestätigt....

Australia is set to crack down on tax concessions for property investors, as it looks to ease generational inequality and rein in the budget deficit. Treasurer Jim Chalmers is due to unveil the federal budget Tuesday, anchored by a flagship housing package. Bloomberg's Paul Allen reports on Australia's property obsession and speaks to ANU's Jill Sheppard about what's at stake. (Source: Bloomberg)...

Australian Treasurer, Jim Chalmers, is set to unveil the federal budget later Tuesday. And it's expected to make the housing sector its centerpiece, in a bid to ease inequality. But questions remain whether it will change Australia's property obsession. Paul Allen reports. (Source: Bloomberg)...

Australia's center-left government is expected to crack down on tax concession for property investors as part of efforts to ease generational inequality and help rein in a budget deficit....

WASHINGTON (dpa-AFX) - Simon Property Group Inc (SPG) released earnings for its first quarter that Increased, from the same period last yearThe company's earnings totaled $479.56 million, or $1.48......

Besonders stark ist der Preisanstieg in Hamburg. Die Hansestadt liegt vor Düsseldorf, Frankfurt und Köln. Die Ölkrise sorgt für teure Baumaterialien. Auch die Preise für Handwerker legen weiter zu....

US Existing Home Sales Disappoint In April, Despite Lower Mortgage Rates With the Spring selling season already in tatters, existing home sales were expected to rebound in April very modestly (+2.0% MoM) off recent record lows. However, the rebound was far less than expected, up just 0.2% MoM, which left sales of existing homes unchanged YoY... Source: Bloomberg Total existing home sales SAAR hover just above 4.00 million homes... Source: Bloomberg The NAR report showed the median selling price rose 0.9% from a year earlier to $417,700 last month - the highest for any April on record. Source: Bloomberg The inventory of previously owned homes increased from a year ago to 1.47 million - the most for any April since 2019. Source: Bloomberg “Even though it's the highest inventory post-Covid, we are not close to the pre-Covid April inventory of 1.83 million,” Lawrence Yun, NAR chief economist, said on a call with reporters. Contract closings rose in the Midwest and South, according to the NAR....

There are countless unsung locations which offer the same advantages as well-known commuter towns - from reliable rail links and decent schools, to green spaces and a slower, rhythm of life....