Buyers are getting antsy about China's property market.And that's putting an extra strain on the country's real estate sector, which could mean an even bigger squeeze for investors.Here's what you need to know.Read more: China is now the world's biggest consumer of foreign real estate, with almost $300bn of purchases in 2015, up from $180bn in 2014.There are now more than 12m homes listed in the c...
Donald Trump has long been an ardent proponent of real estate.
But it’s not always the only asset he’s sold off in recent years.
His real estate holdings in the past have gone bust, and in the wake of the 2016 election he has been facing new scrutiny over his dealings with foreign governments.
He has yet to release his tax returns, and he hasn’t said whether he’s running for president in 2020.
Trump and his partners have been criticized for their financial ties to Russia, which has been cited as a reason for his business dealings.
Now, as Trump’s new campaign manager, Kellyanne Conway, tells the Washington Post, the candidate will be forced to answer questions about Russia and the Trump Organization.
«I’m going to have to answer that question,» Conway said, adding, «I think we’ll be getting a lot of questions from people about that.»
The real estate deal that Donald Trump is trying to buy, the Trump International Hotel and Tower in New York City, went bad in January.
In January, Trump International closed for good after a fire that destroyed more than 60% of the building.
The fire prompted the Trump team to move their offices out of the complex, and Trump said he would be leaving the company in order to take a leave of absence.
Trump’s company is now owned by his sons Donald Jr. and Eric Trump, who are now in the Trump administration.
He is currently also in the process of purchasing the New York Times building and the building next door.
After months of speculation, a deal to buy the Trump Tower in Manhattan fell through, according to Reuters.
On Friday, The Washington Post reported that the Trump family had been negotiating with the Russians on a sale of the tower.
The Post reported: The Trump family has not been involved in discussions with Russian real estate developers, who have been negotiating to buy and redevelop the tower, according a person familiar with the matter, who spoke on condition of anonymity because the person was not authorized to speak publicly.
The real estate developer who is also working with the Trump organization is an associate of former president Vladimir Putin, and the Russians have been working with them on this, the person said.
The Post reported, «The Trump Organization has not yet confirmed that the sale is ongoing or that negotiations are ongoing.»
As the Washington Times reported, «Donald Trump, the Republican presidential nominee and the presumptive Republican nominee for president, is considering a plan to use his family’s vast business empire to buy a controlling stake in the New Jersey-based Trump International Tower.
His plans have drawn criticism from some of his Republican rivals for what they view as a conflict of interest and an apparent conflict of interests with his business interests in Russia, a country where he is not politically active.»
It has also been reported that Ivanka Trump, daughter of Trump’s eldest son, is also considering a deal.
«The Trump organization will be paying rent to the Trump brothers-in-law,» Conway told the Washington Examiner.
«If Ivanka Trump were to do that, it would be a very small part of their net worth.»
A spokesman for Trump has told the New Yorker that Ivanka has not contacted him about a possible sale.
According to the Washington Business Journal, Trump has been «reluctant to disclose whether he would sell the tower or if he would continue to own it.»