Ireland’s National Asset Management Agency is preparing to sell Irish, German and U.K. real estate loans with a face value of 1.8 billion euros ($2.5 billion) as demand for property debt rises, two people with knowledge of the plan said.
People living outside the U.K. will have to start paying capital gains tax on home sales starting in April 2015 as the government seeks to raise revenue and avert unsustainable increases in London property prices.
The U.K. plans to impose capital- gains taxes on home sales by non-residents starting in April 2015 as the government seeks to raise revenue and avert unsustainable increases in London property prices.
Spanish property broker Donpiso pledges on its website it can sell homes within 60 days. That’s possible, said Juan Luis Nolasco, who runs one of the firm’s Madrid branches, only if owners are realistic about prices and the difficulties buyers face getting mortgages after six years of falling values.
Heron International Ltd. will seek 18 million pounds ($30 million) for a penthouse in its residential skyscraper in the City of London financial district, a person with knowledge of the matter said. A sale at that price would be a record for the neighborhood, according to broker Savills Plc.
Damac Real Estate Development Ltd., a Dubai-based property developer, priced its London-listed global depositary receipts at $12.25 each, the bottom of its range, in an initial public offering that values the company at about $2.65 billion.
Spain’s bad bank will sell 437 million euros ($592 million) of loans taken by Realia Business SA to Fortress Investment Group LLC for 46 percent less than their face value, two people with knowledge of the matter said.
Spain’s bad bank will sell 437 million euros ($592 million) of loans to Realia Business SA at a 46 percent discount to their face value to Fortress Investment Group LLC, two people with knowledge of the matter said.