U.S.

The British possess many traits enviable to New Yorkers: the capacity to brew a better cup of tea, the decorum not to brag loudly about their bonuses in Midtown restaurants and a history rich with kings and queens who inspire trashy novels and Hollywood movies. But they fall short in one area: brash self-promotion, especially when it comes to real estate.

Detroit residents are protesting the amount of their property taxes for a viable reason. The taxman is charging homeowners exorbitant property taxes on homes that aren't worth the tax percentage being demanded. The same scenario is seen with underwater mortgages right now, people are trying to make money off of property that is no longer valuable.

Real estate investors who bought property in fashionable suburbs of Nairobi to rent out are facing trouble as a price bubble hit the market, it is claimed.

Green building, the term coined to describe ecofriendly, sustainable construction, is spreading like wildfire. Government agencies and businesses are increasingly realizing green building's myriad benefits for worker recruitment and retention, productivity and job satisfaction.

Jan. 21 (Bloomberg) -- More than 40 U.S. homebuilders have teamed up with private equity firms to acquire and complete unfinished subdivisions as banks cut construction lending.