[ad_1]
Real Estate Sector Job Cuts on the Horizon
The drastic cooling of the U.S. real estate market, a result of rising interest rates affecting affordability and deal-making, could spell trouble for jobs in the housing sector. It’s likely that the resilience seen in the industry to date “will change over the next couple months,” said Ian Shepherdson, chief economist at economic research consultancy Pantheon Macro. “It’s a certainty that layoffs soon will be rising across the entire housing ecosystem.” Forbes
In Turkey, Home Buyers From Iraq Are the Most Active Investors from Arab Nations
Iraqis are the most prominent group of investors hailing from the nearby Arab nations buying homes in Turkey, according to the Turkish Statistical Institute. Buyers from Iraq purchased 36,391 residential properties in the country between 2015 and mid-2022, the firm said. Of the 10 counties included in the data, Kuwait ranked second for its real estate investment in Turkey over the past seven years, and Saudi Arabia, Jordan and Egypt rounded out the top five. Arab Times
Some Home Features Are Vanishing From Australian Builds
Kidney-shaped swimming pools, formal dining rooms and vertical blinds, once mainstays of a typical Australian home are now seriously outdated and unlikely to be found in more recent builds, according to Domain. Today, spotting a kidney-shaped pool in a listing is a giveaway of a property’s age and renovators instead tend to gravitate towards infinity, plunge and lagoon designs. Domain
Basketball Star Building Hurricane-Resistant Homes in the Bahamas
Former Los Angeles Lakers player Rick Fox is building 1,000 hurricane-resistant homes in the Bahamas—including single-family houses and apartments—with the first 30 units set to be delivered next year in the Abaco Islands. His company, Partanna Bahamas, is partnering with the Bahamian government for the builds, which will use Partanna, a building material that removes carbon dioxide from the atmosphere. “Technology can turn the tide, and at Partanna we have developed a solution that can change how the world builds,” Mr. Fox said. CNN
[ad_2]
Source link
