The Real Deal - New York Real Estate News

The best real estate markets on earth over the last decade

Posted: 23 Feb 2020 01:00 PM PST

It’s been quite the decade economically in many parts of the world, and it shows in the values of homes. Home values have more than doubled over the last 10 years in eight countries and territories across the world, according to a New York Times analysis. The analysis ranked places by the percentage increase in home values over the last 10 years, five years, and one year. Nowhere have estimated home values increased by more

Vatican police raid another Holy See official over botched London property deal

Posted: 23 Feb 2020 11:00 AM PST

Dan Brown wishes he wrote this one: All the Pope’s men are descending on London over an expensive and failed real estate deal. Vatican police raided the home and offices of Vatican state official Alberto Perlasca, who oversaw the Holy See’s European asset portfolio and was involved in the property botched deal, according to the Associated Press. The raid comes five months after Vatican police raided several other Vatican offices. No one has been charged.

Real estate micro-investing is here

Posted: 23 Feb 2020 09:00 AM PST

So-called micro-investing in private real estate is an increasingly accessible option for investors looking to diversify their portfolios with small dollar value investments. Micro-investing allows investors to buy shares of properties and real estate portfolios with buy-ins as little as $5 in some cases, according to Yahoo Finance. The investments work much like real estate investment trusts, but don’t allow investors to buy in specific properties and do not require the high dollar commitments needed

Rising waters are wreaking havoc on the Great Lakes’ real estate

Posted: 23 Feb 2020 06:00 AM PST

Unusually high water levels and waves on the five Great Lakes are ravaging lakeside homes, infrastructure, and businesses. Some are literally washing away. Erosion on the shores of the Great Lakes has caused tens of millions of dollars in damage across states from Minnesota to New York, according to the Wall Street Journal. Water levels are linked to above-average rain and snowfall over the last several years caused by warmer temperatures. The U.S. Army Corp