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Amancio Ortega Diversifies Into Us Real Estate

Amancio Ortega unveils $17.2bn real estate empire

Spain’s richest man, Amancio Ortega, has his fashion fortune to preserve his sizable wealth, investing more than $3bn in US real estate.Bloomberg reported that the founder and owner of fashion label Zara, invested €2.1bn  in real estate last year through various subsidiaries of his holding company, Pontegadea, according to an emailed statement….

July 13, 2020 / by / in
Buyers flood Montreal-area housing market after restrictions on real estate relaxed

Buyers flood Montreal-area housing market after restrictions on real estate relaxed

Montreal-area home prices saw a dramatic spike in June as first-time buyers flooded the Montreal housing market following relaxed restrictions on real estate.

Experts say first-time buyers drive up demand more than others, since they don’t leave a vacant home behind when they move. When a large amount of them enter the market at the same time, vacancy rates suffer….

July 10, 2020 / by / in