Hong Kong has once again been named the most expensive city for expats to live in, according to Mercer’s Cost of Living City Ranking 2024. Following closely behind Hong Kong are Singapore and Zurich. These cities continue to maintain their positions as Asia’s biggest financial hubs, making them costly for international workers. Cities in Switzerland,
Real Estate
Singapore, a bustling city-state known for its modern architecture and efficient city planning, has a hidden gem that often goes unnoticed. The colorful and ornate “shophouses” that adorn the streets of some of its older neighborhoods might not be the first thing that comes to mind when one thinks of Singapore, but they hold a
As sea levels continue to rise and storms become increasingly intense, coastal real estate is facing unprecedented challenges. From Nantucket, Massachusetts to Montauk, New York, some of the nation’s most expensive beachfront properties are at risk of flooding and erosion due to the impacts of climate change. The National Oceanic and Atmospheric Administration (NOAA) has
Revolut, a prominent British financial technology firm, made waves in the industry with its recent announcement of relocating its official headquarters in London to Canary Wharf. The decision to move its global headquarters to the YY London building in the heart of Canary Wharf signifies a significant step for the company. By agreeing to a
The cost of maintaining a home in the United States has been steadily increasing, adding to the already expensive process of buying a house. Recent data from Bankrate.com reveals that the “hidden costs” of homeownership now amount to an average of $18,118 annually, translating to $1,510 per month. These expenses encompass property taxes, homeowners insurance,
The current state of the real estate market shows that home equity is at near all-time highs. In the first quarter of 2024, U.S. mortgage holders saw their total home equity surpass $17 trillion, coming close to the record set in the third quarter of 2023. This increase in home equity has been largely attributed
There seems to be a split among experts regarding the future of the housing market in the latter half of the year. Glenn Kelman, the chief executive of Redfin, is optimistic about the market’s outlook, suggesting that we may have hit rock bottom and are poised for improvement. However, other experts like Jeff Ostrowski from
In the luxury real estate market, iconic homes with a celebrity or pop culture pedigree often come with a premium price tag. Buyers are willing to pay extra for the exclusivity and uniqueness of owning a property associated with well-known personalities or famous movies. Real estate experts like Tomer Fridman and Josh Altman emphasize that
Real estate has long been considered a favorable long-term investment choice by a significant portion of Americans, with 36% ranking it as the top option in a recent Gallup survey. This preference for real estate over stocks, mutual funds, gold, and savings accounts underscores the emotional connection individuals have with property investments. For those looking
The recent increase in mortgage interest rates has had a direct impact on the demand for mortgages. As rates reached 7.07%, the highest level since early May, mortgage application volume fell by 5.2%. This drop marks the second consecutive week of decline in mortgage demand. The rise in rates is a key factor in the