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Artificial Grass

British campaigners call for a tax on artificial grass

Campaigners are petitioning the government to introduce a tax on artificial lawns "in order to act as a deterrent and encourage land owners towards less damaging and more sustainable options". One of the campaigners calling for the tax, Charlotte Howard, says plastic grass 'kills anything in the soil beneath. In a statement, a government spokesperson said "there are no current plans to introduce a...

Digital Transformation

Global Real Estate Sector Lags on Digital Transformation

A new report reveals resistance to change and lack of resources are holding back real estate firms on digital transformation. The study involved more than 175 innovation leads in big real estate organizations at locations worldwide, including British Land, JLL, Cushman & Wakefield, and Buro Happold. Authored by Swedish PropTech academic Olli Vigren, the report explains why the sector has fallen...

Vichinsky

Vichinsky Brothers Behind $8 Billion Luxury Real Estate Firm Bespoke Cut Commission Rate To 1%

In August 2021, Bespoke Real Estate in Water Mill, New York, secured the exclusive rights to sell a dazzling contemporary oceanfront home with an inverted triangle roof in Wainscott, a hamlet of tony East Hampton. Bespoke, which was founded in 2014 by brothers Cody and Zach Vichinsky, had been using its extensive research and vast database to identify and pitch other owners of multimillion-dollar homes in...

UK Real Estate

Baron and Cabot CEO, Mark Pearson says West African investment into the UK’s real estate market is on the rise

The Chief Executive and founder of Baron and Cabot, Mark Pearson has said investment traction from West Africa and Ghana into the United Kingdom’s real estate market has been on an upward trajectory. Ghanaian investors are now exploring alternative investment plans abroad. Following a turbulent first half of the year for the local economy, many are seeking to salvage whatever value is left on...

AIHS 2022

Sterling Bank announces plans at AIHS 2022 to Champion Non-interest Financing For Real Estate Development

As part of efforts to ensure housing development in Nigeria, the Sterling Bank Plc has concluded plans to champion a non-interest finance session geared toward real estate development at the 2022 Africa International Housing Show (AIHS) to be held at the International Conference Center, Abuja. The session is facilitated to address financial inclusion, most especially for developers and real...

Africa

Is time running out for Africa to industrialize?

Despite efforts made by countries over the years to industrialize, Africa's share of global manufacturing remains negligible. Manufacturing has been touted as the key to unlocking productive jobs, bigger export revenues, and sustainable development. In 2019, Africa’s industrial GDP expanded by 17% to $731 billion, with the value-added of manufacturing surging by 39%, according to the African...

Planning is more important than prediction for Africa’s property sector now

By Gerhard Zeelie  An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it’s probably a better investment of valuable time and effort to ponder the many lessons – some very hard to swallow...

Covid-19 is threatening hotel development growth in Africa

As an important industry in Africa, tourism has created both direct and indirect jobs - sustaining foreign currency earnings. According to the 12th annual survey by W Hospitality Group, African hotel development had returned to growth at the start of 2020, with more than 78,000 rooms in 408 hotels in the pipeline; however, with the rise of the Covid-19 outbreak, Africa's hotel industry has been hard...

Webinar: Covid-19 will not define the property market’s future

Broll hosted its inaugural webinar late last month themed Africa 2020: A new vision. The discussion focused on strategies and solutions that can be employed during the recovery phase of the Covid-19 crisis, and the emerging new business environment in Africa. A common thread in the conversation was that Covid-19 will not define the property market’s future, but rather will shape the direction and...

Planning is more important than prediction for Africa’s property sector now

An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it's probably a better investment of valuable time and effort to ponder the many lessons - some very hard to swallow - that the pandemic has...

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