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Real Estate

UK sees luxury property, cheap travel bonanza in ruble crisis
As the ruble falls into a tailspin, air fares between the UK and Russia have dropped to an all-time low. Return tickets from London Gatwick and Manchester to Moscow are now selling at £50.

18.12.2014 11:10

Financial steal: Abu Dhabi investors snap up Scotland Yard
Investors from Abu Dhabi have secured a deal to purchase the iconic Scotland Yard building in St James’s Park. The building, which has housed the Metropolitan Police Service since 1964, sold for a reported £370 million.

10.12.2014 14:03

Qatari royals to build £200mn London mega-mansion
The Qatari royal family is planning to convert three of London’s most prestigious addresses into a single mega-mansion valued at over £200 million.

09.12.2014 11:38

Abandoned by God? Italian churches turned into banks, bars, shops (PHOTOS)
With the Italian economy crippled by recession, more and more churches are being deconsecrated and sold to private buyers, who repurpose these former houses of God into banks, theaters, night clubs and even car repair shops.

30.10.2014 19:22

90% of Americans are poorer today than in 1987
The American Dream is slipping further away from the vast majority of Americans than it has in a quarter century. Now 90 percent of US households are poorer than they were in 1987, according to both a new study and the head of the Federal Reserve.

24.10.2014 17:16

Mind the gap: UK the only G7 state to see a rise in wealth inequality – report
Britain is the only G7 country where inequality has grown since the start of the 21st century, according to a report by Credit Suisse published on Tuesday. It showed the UK’s richest 10 percent have become wealthier since the financial crisis.

15.10.2014 11:26

A house for an iPhone 6? Detroit homeowner will take anything for toxic property
Never mind a kingdom for a horse – a homeowner in bankrupt Detroit is willing to trade his house in for the latest iPhone. At less than $1,000, that would mean taking a massive hit, as the beat-up property was bought for $41,000 in 2010.

08.10.2014 14:30

Location, location, location: $1 million parking spaces for sale in NYC
Manhattan’s One Percenters will now have one more type of real estate investment that the have-nots of the world could never hope to afford: $1 million parking spaces. The spots for sale cost more per square-foot than the luxury building’s apartments do.

09.09.2014 21:24

Whole Canadian ghost town for sale…for less than $1 million
A 50-acre ghost town Bradian in Canada’s British Columbia province is up for sale with the cost of all its 22 buildings now having dropped – to a “mere” $995,000.

24.08.2014 17:37

Banksters win again: BoA settlement with US govt allows Wall St fraudsters to 'act with impunity,' critics say
While the US government touted its “record” settlement reached this week with Bank of America for mortgage fraud that helped fuel the 2008 recession, the details of the agreement indicate yet another slap on the wrist for an offending Wall Street titan.

22.08.2014 15:37

​Worse than Detroit? London one of ‘least livable’ European cities
London’s real estate prices keep soaring and foreign cash keeps pouring in, yet the ‘world’s most influential city’ has become one of the least appealing places to live in Europe, according to new figures.

20.08.2014 13:54

Record high US income gap threatens housing recovery
Inequality between the richest and poorest metropolitan areas in the US is at its highest since 1969, and could hamper the recovery of the housing market that was at the heart of the 2008 financial crisis.

13.08.2014 11:22