Thursday, December 31, 2009
The French property market is bracing itself for a tough year ahead in 2010 but real estate experts do not expect a sudden recovery despite prices showing signs of stabilising.
Although the global economic downturn has made the last 18 months hard for the real estate industry, France has benefitted from not having an overpriced market and a system that is more cautious and less gu ... more
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Thursday, December 31, 2009
Property prices in Abu Dhabi remain stable but only a small number of investors are currently active in the market and many are waiting for completion dates for 2010 before committing, it is claimed.
According to Landmark Advisory, one of the leading real estate consultancy companies in the Middle East, October and November were two of the most active sales months of 2009 for the ... more
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Monday, December 28, 2009
The coming year will be one of consolidation for the United Arab Emirates real estate sector with recovery and growth unlikely before 2011, it is claimed.
The key will be attracting back disillusioned investors, especially those from overseas, according to Mohammed Nimer, chief executive of MAG Group Property Development.
'With the onset of the financial crisis at the ... more
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Thursday, December 24, 2009
Commercial property values in the US declined in October to the lowest level in more than seven years as unemployment reduced demand for apartments, offices and retail space.
The Moody’s/REAL Commercial Property Price indices fell 1.5 % in October from September to the lowest since August 2002.
Prices were down 36% from a year earlier and are now 44% below the peak in ... more
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Tuesday, December 22, 2009
Karachi: The annual meeting of the Defence Housing Authority (DHA) governing body on Sunday approved a budget of Rs 7.73 billion for various development projects of the authority for the fiscal year 2009-2010.
The meeting also reviewed the ongoing development projects and other policy matters of the DHA. The body’s chairman Defence Secretary Lt Gen (retd) Syed Athar Ali presided o ... more
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Tuesday, December 22, 2009
Rawalpindi: RAWALPINDI: Capital Development Authority (CDA) on Monday auctioned its two commercial plots at Rs 2,318.93 million during a ceremony at its headquarters.
One plot measuring 11,750 square yards and located in F-10 was sold for Rs 1351.25 million, while the other measuring 4,608 square yards and located in Blue Area was auctioned for Rs 967.68 million.
Feder ... more
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Friday, December 18, 2009
Rawalpindi: The Rawalpindi Development Authority (RDA) has launched renovation work from Committee Chowk to Sherpao Colony.
RDA (Land and Estate Management) Director Shuja Ali told ‘The News’ that the work on remodelling and renovation of area from Committee Chowk to Sherpao Colony has been launched, which will cost around Rs48.8 million. Under the projects, new tiles will be laid ... more
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Thursday, December 17, 2009
Karachi: KARACHI: Karachi District Coordination Officer (DCO) Javed Hanif Khan has said arrangements for alternate routes for traffic flow should be identified before commencing work on Signal-free Corridor (SFC)-IV to avoid any mishaps on Shahrah-e-Faisal, one of the major arteries of the city.
The DCO reviewed these measures during a meeting he convened on Wednesday, following a ... more
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Thursday, December 17, 2009
LAHORE - After the project of Lahore Ring Road (LRR), another brainchild of Sharif brothers ‘Multan Road Project’ pending since 1988, is likely to start in January 2010. The project will cost Rs 7.4 billion.
The PML-N government has handed over the Multan Road Project to LRR (Project Management Unit) to re-launch the much-delayed construction of main artery of the City.
... more
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Wednesday, December 16, 2009
Buoyed by a growing local economy and its strategic location as a gateway to Africa and Middle East market, Cairo is becoming a pre-eminent real estate market and set to grow in 2010, it is claimed. The city is emerging on the radar screen of an increasing number of regional and global corporates according to a new report from international property consultants Jones Lang LaSalle.
... more
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Sunday, December 13, 2009
Middle East based developers are increasingly looking to North Africa where demand for real estate is expected to grow both from nationals and foreign investors.
Morocco, Egypt and Tunisia are regarded as some of the best markets for investment.
‘I definitely see expansion continuing in this area.
But it will be rationalised and focused as opposed to let's ... more
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Thursday, December 10, 2009
RAWALPINDI: Despite announcement in the annual development programme (ADP) six months ago, the provincial government has so far failed to release funds valuing millions of rupees to the garrison city’s civic agencies and departments concerned for many development schemes.
Of these schemes, one is construction of 54 family rooms for Adiala Jail’s married inmates at the cost of Rs 1 ... more
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Monday, December 07, 2009
Lahore: THE much-awaited demolition drive against illegally constructed high-rises in the provincial metropolis finally kicked off on Sunday as the Lahore Development Authority (LDA) started razing three out of 400 illegal plazas.
The issue of construction of high-rises in Lahore came into lime light after the Supreme Court of Pakistan (SCP) took suo moto notice and barred the con ... more
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Saturday, December 05, 2009
A Swiss bank is being sued for $24 billion by property owners who claim it schemed to defraud investors in several development resorts in the US including the bankrupted Yellowstone Club.
In a lawsuit filed on Sunday in the federal court in Idaho, the plaintiffs, on behalf of 3,000 investors, said banking giant Credit Suisse colluded with real estate firm and co-defendant Cushman & Wakefield ... more
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Wednesday, December 02, 2009
Islamabad: The Capital Development Authority (CDA) would seek help of the federal government to develop mini cities in Zone IV that are expected to help cope with various challenges, especially related to increasing population in the capital city.
“Six mini cities will be developed including media, education, Information Technology, business, medical and sports in Zone IV. The mai ... more
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Wednesday, December 02, 2009
The Prince of Wales and the Mayor of London are named in a high court case launched by UK developers Nick and Christian Candy against Qatari Diar Real Estate company over the controversial Chelsea Barracks project.
The brother’s development company, CPC Group, has lodged a claim for breach of contract against the Middle East company after it withdrew its plans for the £3 billion r ... more
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Wednesday, December 02, 2009
The Real Estate Regulatory Agency in Dubai is working on a new law that will give property investors new rights.
Although it refused to reveal the details at this stage, a spokesman confirmed that it will be ‘comprehensive’ and seek to protect investors.
‘Along with the Dubai Land Department we are studying a new law to protect the rights of real estate investors.
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Tuesday, December 01, 2009
The richer you are the more likely you are to invest in property which is now regarded as better opportunity for long term returns that stocks and bonds, according to a new survey.
Twice as many people plan to increase their investment in residential and commercial property as intend to reduce, the global survey from Barclays shows.
It is those with more than $800,000 ... more
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