New York’s smallest businesses face big rental hikes

May 9, 2023

THREE years after the pandemic flattened the Manhattan office market and the commercial ecosystem that depended on it, small businesses in the other boroughs are facing the biggest rent increases in the city. The burden is landing mostly on store owners in predominantly Black, Latino and Asian neighbourhoods, according to a new analysis of Department of Finance data.

Written by: sherwin@eyeconz.com

Real Estate News May 9, 2023

Spain may end or curb controversial ‘golden visa’ real estate scheme

SPAIN could pull the plug on its so-called “golden visa” scheme, which grants residency rights to foreigners who invest in real estate in the country, according to the leader of a left-wing party negotiating the issue with the government.

Swedish home construction set to plummet this year, Nordea says

SWEDISH home construction is likely to plummet in the wake of falling housing prices, weighing heavily on the Nordic country’s economy, Nordea Bank Abp said in an outlook report.

Real Estate News May 9, 2023