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Americans burdened by increasing housing costs

IT’S $500 more, each and every month. That’s the additional cost of a mortgage payment if you bought a median-priced home in San Jose, California, in the first quarter of 2018 compared to late last year. The mortgage payment would be about $4,600 compared to $4,100 due to higher lending rates and increasing home prices.

Revolution Precrafted enters Bahrain

Revolution Precrafted Properties, Ltd continues its global expansion in Bahrain, after striking a deal to supply residential villas for the country’s Property One Investment...

Property firm Revolution Precrafted expands to Ecuador’s mid-income market

REVOLUTION Precrafted Properties, Ltd. continues its global expansion with its entry into Ecuador, banking on the strong demand for housing in the middle-income segment in the country.

Revolution Precrafted gains entry into Ecuador market

Revolution Precrafted Properties, Ltd. continues its global expansion with its entry into Ecuador, banking on the strong demand for housing in the middle-income segment...

Swiss challenge period for Marawi rehab proposals to start June 12

The government inter-agency task force group for the rehabilitation of Marawi City announced on Friday, June 8, a new schedule for the Swiss challenge...

Swiss challenge for Marawi rehab proposals scheduled end of May

The government inter-agency task force group on Marawi City rehabilitation announced on Thursday, May 24, that the Swiss challenge period for proposals has been...

Officials seek probe into Zamboanga footbridge that collapsed

ZAMBOANGA CITY — Local officials have called for a probe into the construction of a wooden footbridge that collapsed, forcing officials visiting a housing...

Calmar Land to enter into socialized housing

After serving the middle income and economic housing segments over the past 25 years, South Luzon property developer Calmar Land Development Corp. (CLDC) is...

Q4 home price hike biggest in three quarters

HOUSE PRICES rose faster in 2017’s last three months from a year ago, marking the biggest increase in three quarters as duplex and condominium...

Palace turns over 500-plus shelters to displaced in Marawi

By Arjay L. Balinbin PRESIDENTIAL Spokesperson Herminio Harry L. Roque, Jr. announced on Wednesday, Dec. 27, that the government was set to turn over on...

Four decades of providing liquidity and stability

In 1977, the National Home Mortgage Finance Corporation (NHMFC) was created to develop and provide for a secondary market for home mortgages granted by...

Shaping a sustainable housing finance system

Since 1977, the National Home Mortgage Finance Corporation (NHMFC) has conformed to its mandate of increasing the availability of affordable housing loans for Filipinos....

Design tilt looks for housing solutions for Asian refugees

DESIGN, beyond aesthetics, is also meant to have function. This time a design competition was for humanitarian benefit. SoFA Design Institute, in partnership with the...

Gov’t admits Yolanda rehabilitation work ‘unacceptable’

THE ADMINISTRATION gave assurance yesterday that it remains committed to the rehabilitation work in areas destroyed by typhoon Yolanda (international name: Haiyan), one of...

Home prices bear watching — S&P analyst

By Melissa Luz T. Lopez Senior Reporter PRICES of real property in the Philippines remain reasonable, an analyst of an international debt watcher said, even as...

Housing council under Del Rosario takes lead in Marawi rehabilitation task...

PRESIDENT Rodrigo R. Duterte has formally assigned the Housing and Urban Development Coordinating Council (HUDCC) as lead agency for Task Force Bangon Marawi, the...

HUDCC tasked to manage housing program for Marawi rehabilitation

PRESIDENT Rodrigo R. Duterte has tasked the Housing and Urban Development Coordinating Council (HUDCC), chaired by retired Gen. Eduardo D. del Rosario, to manage...

Real estate prices ease in second quarter — BSP

HOME PRICES declined in the second quarter, with costs to acquire single units down a tenth from a year ago, the Bangko Sentral ng...

SEC approves 8990’s preferred share offer

THE Securities and Exchange Commission (SEC) approved on Friday the fund-raising activities of mass housing developer 8990 Holdings, Inc. and Alcantara-led holding firm Alsons Consolidated...

Citihub opening more container housing for low-income tenants

A SOCIAL ENTERPRISE is offering low-income workers accommodation built with surplus shipping containers nearer their workplaces, potentially saving them long commutes. Citihub, originally a corporate...

China home prices rise in fewer cities in property slowdown

SHANGHAI — China’s home prices rose in the fewest cities since January, adding to signs of a real estate industry slowdown as officials persist...

Property prices in major cities worldwide hit record highs

SINGAPORE — Prices of office, retail and industrial properties in most global cities have reached records since the global financial crisis, with values in...

Packed with tourists, Ibiza struggles to house locals

IBIZA TOWN, Spain – Gabriel Alberto Andrade has lived in a van for a year, unable to pay for a home in Spain’s Ibiza...

Removing VAT exemption on low-cost housing may crimp property market growth

THE residential market may experience a slowdown if the government’s tax reform plan, which removes tax exemptions on sale of low-cost housing, is approved,...

Controversial Moscow housing plan becomes law

RUSSIAN President Vladimir Putin on Saturday signed a controversial law authorizing the demolition of several thousand Soviet-era Moscow apartment blocks and the relocation of...

Home prices edge up in first quarter — BSP

By Janine Marie D. Soliman HOUSING PRICES saw an uptick in the first three months of the year, after more Filipinos acquired loans for homes,...

House prices rise nearly 10% from January to March

The Philippines is far from seeing a property bubble even as housing prices rose by nearly a tenth annually last quarter, according to findings...