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Better protection needed for international real estate buyers in the Gulf region, poll showsWednesday, July 28, 2010International buyers who invest in real estate in the Gulf region should be better protected, according to a new survey. More than 70% of people think additional protection measures would help inspire more confidence in the region’s property markets, the poll for Arabian Business shows. Only 2.2% of people said current regulations were sufficient, while 16.8% said it was up to indivi ... more |
Surin beach on Phuket attracting wealthy property interestFriday, July 23, 2010A quiet part of Phuket is becoming a new bolt hole for the rich and celebrities as they buy or rent properties, often with fine sea views, it is claimed. The Surin Beach area on the Phuket road that circles Thailand’s largest island is often regarded as a sleepy beach village that is just a thoroughfare between famed Millionaires’ Mile on Kamala Beach and the ritzy Laguna neighborhood. ... more |
Tough times ahead for Sharjah landlordsFriday, July 23, 2010Sharjah's landlords have had it rough for some time now, with the steep drop in rentals in Dubai. The latest round of power failures could send fed-up tenants fleeing to the neighbouring emirate, they fear. Sharjah: Sharjah's landlords have had it rough for some time now, what with their having to compete with the steep drop in rentals in Dubai. But the going may have become a lot tougher. ... more |
North South divide opening up as development land in UK slowly edges up, report showsWednesday, July 21, 2010Competition for development land is at last boosting development values, but a real gulf is emerging between small sites in high demand housing markets, particularly in London and the South East, according to new research from property adviser, Savills. By contrast, the longer term promotion and preparation costs associated with larger sites continues to take its toll on value growth and m ... more |
Falling Greek property prices offer tempting price for real estate investorsFriday, July 16, 2010Average real estate prices in Greece fell 7.7% in the first quarter of 2010 from a year earlier as the country steers through its first recession in over a decade. As the country struggles to over come its debt problems it is perhaps no surprise that property is not immune to the financial woes and it does provide opportunities for real estate investors to buy at a low price. The picture is ... more |
Thai property developers looking for opportunities in Vietnam and Cambodia, according to consultantsThursday, July 15, 2010Thai property developers are starting to look at overseas markets for new opportunities because of the intense competition in the Thai market, according to international property consultants CB Richard Ellis. They are looking, in the first instance at nearby markets in Vietnam and Cambodia because of their proximity, level of development and the fact that local competition is not as well develo ... more |
Dubai developer’s overseas expansion grinds to a halt with Malaysia sell offMonday, July 12, 2010Limitless, the property arm of struggling state conglomerate Dubai World which was set up to expand overseas business, is backing out of a plan to build hundreds of luxury homes in Malaysia as it looks to shore up its finances. Cash strapped Limitless is selling off its stake in a partnership with Malaysia’s Bandar Raya Developments to develop waterfront land in the southern city of Nusajaya in ... more |
Massive increase in property millionaires in UK, research showsFriday, July 09, 2010There has been a five fold increase in property millionaires in the UK in the last decade with over 100,000 new property millionaires created since 2000, according to a new survey That amounts to a staggering 393% increase but the research also shows that there has been a three in ten decrease in millionaire properties during the credit crunch as the global downturn has taken its toll. T ... more |
US commercial property sales sluggish as foreclosure flood falls to materialiseThursday, July 08, 2010US commercial real estate sales in the first half of 2010 were just a quarter of the average of the previous six years as owners kept properties off the market, according to a new figures. Buyers and sellers completed $34.2 billion of deals, some 26% of the average first half dollar volume since 2004, according to data from Real Capital Analytics. The total was about 12% of the 2007 peak, w ... more |
Freehold property owners in Dubai facing major maintenance charges under new rulesThursday, July 08, 2010Property owners in the freehold areas of Dubai could be hit by major maintenance charges which should have been identified prior to purchase, according to the property management arm of a leading real estate developer. ‘Some owners are jeopardising the return on their investments by not adequately accounting for depreciation on MEP equipment,’ said Mazen Falhout, General Manager, MAGme Property ... more |
Govt and analysts expects property prices in China to fall by up to 20% in coming monthsWednesday, July 07, 2010Senior Chinese officials are claiming that they have no plans to launch a new round of property market tightening as they expect prices to fall considerably in coming months. Wang Yulin, deputy research head at the Ministry of Housing and Urban Rural Development, said the government would step up efforts to implement tightening measures which have already been announced to rein in the real ... more |
Housing scheme for lawyersTuesday, July 06, 2010Lahore: CHIEF Minister Mian Shahbaz Sharif has said that lawyers are in the forefront for the dispensation of justice to people and it is the duty of the government to fulfil their needs. He agreed with the proposals of the Lahore High Court Bar President for establishing a housing scheme for it members besides financial support to the Bar to meet its expenses.He was holding a meeting with the o ... more |
New Malir Housing SchemeMonday, July 05, 2010KARACHI: The Malir Development Authority (MDA) has started refunding fee deposited against residential plots by the employees of the City District Government Karachi (CDGK) for the New Malir Housing Scheme (NMHS). The scheme was announced by the MDA in 1997 for CDGK’s employees in basic pay scale 1 to 18. The MDA had offered 400, 200 and 100 square yard residential plots, but to a grea ... more |
Country properties selling well in UK but top end houses and estates see a slight slowdownFriday, July 02, 2010There has been a substantial increase in property coming onto the open market in the £1.5 million and above price range, particularly the Southern region of the UK which has seen a 66% rise year on year, according to a new report. There is still a lack of ‘best in class’ properties available and evidence of prime properties trading off market above guide prices as well as a strong demand for la ... more |
Land-grabbers to be tackled in courtsThursday, July 01, 2010Karachi: The Sindh government has decided to forcefully counter the increased land grabbing in Karachi in the courts, besides taking administrative steps to curb the menace. A high-level meeting was held in this regard on Wednesday, with Sindh Law Minister Ayaz Soomro in chair, attended by officials of the board of revenue, and land utilization department as well as the law officers working ... more |
