Thursday, May 27, 2010
More financial advisers think their clients should consider commercial property as an investment compared with residential property, according to a new survey. Only 39% of independent financial advisors questioned in April think investors should consider residential property compared with 51% quizzed in January, the survey commissioned by Reita, the education and awareness campaign for quoted ... more
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Wednesday, May 26, 2010
Lahore: Punjab government has finally scrapped mega National Ravi Park project and is considering strict action against the persons involved in harassing the residents and the owners of land of the area through wall calking, sources told The Nation on Tuesday.
It seemed that through the wall chalking the land mafia wanted to create uncertainty and sense of insecurity among the lan ... more
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Wednesday, May 26, 2010
Islamabad: Capital Development Authority (CDA) got a resounding response to auction of different categories’ plots on the second consecutive day of the bidding process at Aabpara Community Centre.
On Tuesday, CDA auctioned of 16 commercial, industrial and orchard plots out of total 20 offered for bidding. The bidders offered Rs 1.57 billion for these 16 plots located in different ... more
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Monday, May 24, 2010
The online registration of residential properties in Dubai, both rented and privately owned is soon to become mandatory as officials crackdown on those who evade housing fees. Dubai Municipality (DM) plans to compile details of all housing facilities within the next six months including those owned by foreigners and expats.
All housing units, including those in Dubai’s gated commu ... more
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Friday, May 21, 2010
The question has been posed: Could the Hamilton Ticats and Toronto Argos, arch-enemies through the eons and brothers in blood-red ink, find financial salvation by taking up residence in the same suburban stadium?
Bob Young, the Ticats owner, offered a take.
“It’s hard to see, just on the face of it, how it works. But my reaction is all ideas are worth investigating,” Y ... more
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Thursday, May 20, 2010
TORONTO - RioCan Real Estate Investment Trust (TSX:REI.UN) says it has signed a joint-venture agreement with a U.S.-based property owner to acquire eight shopping centres in Texas for US$138 million.
RioCan said Thursday it will own 80 per cent of the properties —located in Dallas-Fort Worth, Houston and Austin — and Inland Western Retail Real Estate Trust Inc. will own the remain ... more
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Thursday, May 20, 2010
Controversial home information packs in the UK have been suspended while the new government brings in legislation to abolish them.
The packs, which had to be provided by a property seller before they could market their home, were largely hated in the industry and many said they have been hindering the recent real estate recovery.
The Conservative party had promised to remove the ... more
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Wednesday, May 19, 2010
Direct commercial real estate transaction volumes are predicted to increase by 30% in 2010 in Europe, the Middle East and North Africa, according to a new report.
The positive outlook comes on the back of a better than expected first three months of the year which is traditionally a quieter time for the market. But volumes reached €20 billion, a 75% increase on the first quarter o ... more
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Tuesday, May 18, 2010
Buy to let property in Turkey can produce rental returns of around 6% but many people are put off by the sheer logistics involved in renting and marketing, it is claimed. With a tourist season that stretches from April to November and increasing numbers of visitors, Turkey is growing as a real estate investment destination, according to Cumberland Properties which build investment and holiday ... more
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Tuesday, May 18, 2010
Islamabad: Capital Development Authority (CDA) has disconnected 132 illegal water connections, seized 45 water motors and started water rationing for hotels and commercial buildings as part of its drive against wastage of water. Due to the prevailing water crisis in the country, CDA has decided to install water motors in commercial buildings and hotels. It has also decided to open service sta ... more
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Monday, May 17, 2010
Lahore: THE Lahore administrator has directed all town administrations to start a pre-monsoon survey of rundown buildings so that their occupants could be asked to vacate them before the rainy season.
Officials said the directions were passed to all the TMOs with a warning that negligence would not be tolerated. They said last year the City District Government Lahore had declared ... more
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Friday, May 14, 2010
Property investors, second home owners and buy to let landlords in the UK will be hard hit by new government proposals to increase Capital Gains Tax as experts warn that a rush of sales could distort the already fragile real estate market recovery. Investors in particular may be tempted to sell up and put their money into other assets, warns Lucian Cook, director of Savills residential resear ... more
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Thursday, May 13, 2010
Thousands of property hunters may miss out on an overseas bargain by waiting while the new Government beds in, it is claimed. Traditionally, the period around an election creates a pause in interest in investments or forward planning as people want to know what kind of government they’re going to deal with. This has not been the case on this occasion, according to the National Association of ... more
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Wednesday, May 05, 2010
Master developers in Dubai are being asked to give reasons why projects have not started and being urged to take more responsibility as officials get tough on developments that have no chance of being built.
Dubai’s Real Estate Regulatory Agency (Rera) is compiling audited technical reports on all the projects that are under the master developer’s freehold areas. ‘We are asking th ... more
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Wednesday, May 05, 2010
In Hong Kong and mainland China new measures are being introduced to try to curb soaring real estate prices and prevent a property bubble.
Hong Kong’s Urban Renewal Authority has announced new rules to increase transparency in the city’s property industry and the government said it may raise sales taxes on some homes and accelerate land auctions to cool the market.
T ... more
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Tuesday, May 04, 2010
Property prices are still rising in the UK according to the latest indices to be published and are predicted to keep doing so.
They will rise by at least 5% during 2010 according to the centre for economics and business research (cebr) as a combination of low mortgage rates and a shortage of new homes being built would push up house prices.
Analysts said they expect l ... more
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