Achilleas “The Don” Kallakis Sentenced for Britain’s Biggest Property Fraud

Achilleas Kallakis, dubbed “The Don” for his high mafioso like bravado in defrauding Allied Irish Bank and the Bank of Scotland out of £750 million, has been sentenced to seven years.

Scotland Commercial Market Slowing Further

A sagging real estate market has not just affected the business world in the US. News from Scotland tells of commercial real estate deals there having plummeted as confidence in lending continues to drop.

UK Commercial Property Loans Worth £100 Billion May Not Be Refinanced

Commercial property investments in the UK could be set to take a tumble after it was revealed that outstanding bank loans worth more than £100 billion will most likely not be refinanced, following a tightening of credit conditions, Bloomberg reports. The UK Commercial Property Lending Market Survey warned that UK banks’ ability to manage their […]

Sign up Now and get our guide on Video Marketing for Real Estate Professionals for Free

Sign up to the Realty Biz News mailing list to get updates from our site and also get our guide to Video Marketing for Real Estate professionals for free