The Real Deal - New York Real Estate News

U.S. travelers flock to warmer destinations with eased restrictions

Posted: 08 Nov 2020 11:00 AM PST

As the winter sets in around them, U.S. travelers are seeking out warmer climates — and places with relaxed travel restrictions. While the volume of visitors this winter likely won’t come near the levels those destinations see in a typical year, business from American travelers could help boost weakened tourism sectors, according to the Wall Street Journal. Travel tracker Adara found the number of international flights booked by Americans in the week ending Oct. 24

UK sees strong demand for multifamily investment

Posted: 08 Nov 2020 09:00 AM PST

Multifamily investment sales are surging in the United Kingdom. The sector is on pace for roughly $5.2 billion of investment this year, according to the Wall Street Journal. Historically, only a small share of U.K. residents were renters. But rising home prices mean younger people are renting for longer, according to the report. Government data released February found that 1 in 3 people ages 35 to 44 rented their homes in 2017, compared to just

Saudi developer plans largest real estate project in Bosnia and Herzegovina

Posted: 08 Nov 2020 06:00 AM PST

Saudi developer Dar Al Arkan is planning a 5 million-square-foot residential and hotel complex outside Sarajevo, the capital of Bosnia and Herzegovina. The project will be the largest single real estate development in the country and Dar Al Arkan’s first project in Europe, the company announced in a news release this week. Dar Al Arkan said the firm received municipal and federal approval for the project and would break ground sometime early next year. It