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Independent financial advisors more confident about commercial than residential property investmentThursday, May 27, 2010More 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 pr ... more |
Mega National Ravi Park project scrappedWednesday, May 26, 2010Lahore: 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 landowners, o ... more |
CDA auctions 16 plots on second day of biddingWednesday, May 26, 2010Islamabad: 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 sectors of ... more |
Real estate owners in Dubai must register their property with municipality within six monthsMonday, May 24, 2010The 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 communities and ... more |
Ticats owner willing to look at shacking up with ArgosFriday, May 21, 2010The 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,” Young was saying T ... more |
RioCan signs agreement with U.S. partner to acquire eight Texas propertiesThursday, May 20, 2010TORONTO - 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 remaining 20 per ... more |
Hated home information packs suspended by new UK govtThursday, May 20, 2010Controversial 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 them and yest ... more |
Commercial real estate sales in Europe, Middle East and North Africa set to rise by 30% this yearWednesday, May 19, 2010Direct 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 of 2009, th ... more |
Investment on buy to let property in Turkey expected to yield rental income of around 6% experts sayTuesday, May 18, 2010Buy 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 ho ... more |
CDA disconnects 132 illegal water connectionsTuesday, May 18, 2010Islamabad: 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 statio ... more |
Survey of rundown buildingsMonday, May 17, 2010Lahore: 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 over 700 b ... more |
Real estate investors, second home owners & landlords braced for huge property tax hike in UKFriday, May 14, 2010Property 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 research. ... more |
Estate agents warn against missing out on overseas property bargainsThursday, May 13, 2010Thousands 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 Est ... more |
Dubai officials get tough on developers who have not started projectsWednesday, May 05, 2010Master 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 them to give ... more |
Hong Kong and Beijing introduce new measures to curb soaring property prices in ChinaWednesday, May 05, 2010In 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. The authority’s ne ... more |
No sign of UK property price surge abating, latest figures showTuesday, May 04, 2010Property 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 lower price growth ... more |
