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Latest from property market

Magicbricks launches AI-based market scanner to help builders, brokers in sales

Magicbricks said it has launched AI-powered marketing solution tool 'Project Market Scanner (PMS)' for developers and real estate agents. The tool matches buyers with the right properties in real-time.

The PMS tool will help developers access relevant and high intent homebuyers by using sophisticated algorithms and data analytics.(File)
Published on Mar 13, 2023 01:18 PM IST
PTI |

London sees skyrocketing rent, landlords demand up to 3 lakh: Report

Citing the imbalance between the people looking to rent and available properties, the rents across Britain could rise a further by 5 per cent this year.

Last year, it was the second-highest annual rent growth ever with average rents for newly listed properties up 9.7per cent outside London.(Reuters File)
Published on Jan 28, 2023 05:30 PM IST

China developer seeks to assure investors after missed trust payments

SCE Group’s Xiamen Zhongjun Industrial Co. and Shimao’s Shanghai Shimao Jianshe Co., both guarantors of the trust product, had their bank accounts frozen by a court after Everbright Trust Co. sued them to seize assets, according to documents seen by Bloomberg earlier.

Separately, SCE Group said it has repaid two dollar bond coupons totaling $31.8 million due in the past two weeks.(Reuters)
Published on Oct 11, 2022 03:53 PM IST
Bloomberg | | Posted by Yagya Sharma

Home prices in Canada drop again, extending market’s slide

The slump has taken a bite out of Canadians’ wealth, reducing the value of households’ residential real estate holdings by C$419 billion in the second quarter.

The central bank has moved its policy rate from 0.25% to 3.25% since March, and traders and economists are betting it will raise again next month.(Representative image/ AP)
Published on Sep 16, 2022 04:08 PM IST
Bloomberg | | Posted by Yagya Sharma

China rolls out property policies across nation to fix slump

In late August, the state council led by Premier Li Keqiang said local governments should use city-specific credit policies to support necessary housing demand.

China’s $2.4 trillion new-home market has shown little sign of recovery, adding to the woes of an economy that barely expanded in the second quarter.(Representational image/ REUTERS)
Published on Sep 15, 2022 09:58 AM IST
Bloomberg | | Posted by Yagya Sharma
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