German solar energy real estate investments being offered in UK

There is an increase in interest among property investors for German solar energy investments as a feed-in tariff cut approaches, it is claimed. Germany is one of the world leaders in solar energy but a cut off up to 16% is expected for most solar photovoltaic installations from 1st July 2010, significantly reducing the incentive for investment.

Solar photovoltaic (PV) panel manu ... more

Landmark Group forays into hotel industry

Dubai: Landmark Group, one of the region’s largest retail conglomerates, announced its foray into the hotel industry with plans to launch Citymax Hotels, targeting the mid-market hospitality segment.

The Group plans to open three hotels in the UAE before end of the year; the first Citymax Hotel opens in Al Barsha on May 3 2010, while the properties in Bur Dubai and Sharjah will fo ... more

UK country property prices now 9.1% higher than a year ago in some parts of the country

Country property prices in the UK continued rising in the first quarter of this year, up 2%, and are now 4.3% higher than they were a year ago, according to the latest price index.

Prices have now increased in the sector in every region of the country apart from Scotland, the Knight Frank Prime Country House Index shows. The Home Counties are leading the market with 2.9% growth in ... more

Further fall for Dubai property prices predicted by experts but there are signs of rental recovery

Property prices in Dubai are expected to fall further in 2010 due to oversupply, according to a new poll, but rental prices are rising and expected to hold their own.

Dubai real estate prices set to fall 10% more this year and not recover until 2012 as the resumption of some projects and completion of others weigh on an already oversupplied market, according to the poll by Reuters ... more

Some 25% of those buying a property in UK unaware of costs involved, report shows

A quarter of people who buy a property in the UK have no idea how much their purchase will actually cost them, according to new research.

Some 24% are clueless about the cost and one in ten think house buying extras will only cost up to £1,000 when in reality conveyancing fees alone could cost this much, the research from professional advice website unbiased.co.uk shows.

CM promises transparency in low-cost housing

PUNJAB Chief Minister Mian Shahbaz Sharif said on Wednesday the project of low-cost housing schemes of the Punjab government would materialise the dream of homeless and low-income people of having a house of their own and these schemes would also be completed in a transparent manner like other development projects.

He stated this while chairing a meeting of the core group of the P ... more

New law allows foreigners to buy property in Cambodia – but not land

Foreigners will be able to buy real estate in Cambodia as long as it’s above the ground floor under a new law approved by the country’s parliament. The much awaited Foreign Ownership Property Law has been passed by a large majority in Cambodia’s National Assembly and is set to transform the real estate market.

It now needs to pass the country’s Senate and then King Norodom Sihamo ... more

LDA approves Rs 14.3b deficit budget

Lahore: THE Lahore Development Authority (LDA) has approved its deficit budget for the year 2009-10 as its revenue stands at Rs 14.370 billion against the expenditure of Rs 14.810 billion showing a deficit of Rs 440 million.

The deficit budget was approved in the governing body meeting of the authority here on Tuesday.

It is pertinent to mention here that the meeting w ... more

More loans and longer visas could kick start Gulf real estate market recovery, it is claimed

State aid is needed to boost the property market in the United Arab Emirates with experts suggesting that more loans and longer visas for foreign buyers could kick start a real estate recovery.

State aid is needed to boost the property market in the United Arab Emirates with experts suggesting that more loans and longer visas for foreign buyers could kick start a real estate recov ... more

Construction of houses banned in G-15, G-14

Islamabad: Sub-Divisional Magistrate (Sadar) Islamabad Fariduddin Mustafa has banned construction of houses, transportation, loading and unloading of construction material within the limits of Sector G-15/3 and Sector-G-14/1,2,3 for two months.

As per details, Mustafa has issued two separate orders under Section 144 of the Code of Criminal Procedure 1898, stating that some people  ... more