Real Estate, US Real Estate, World Real Estate

Foreigners spending billions on luxury London homes

By Allison Halliday | June 11, 2011
Savills plc recently released its "World in London" report, which says that foreigners will spend $6 billion on luxury homes in the UK capital this year, partially due its reputation as a financial haven and the continuing weak value of the pound. The pound has lost 18% against a number of currencies since the end […]
Real Estate, US Real Estate, World Real Estate

HSBC Helps Homeowners in Dubai

By Allison Halliday | June 10, 2011
HSBC is set to help home-buyers in Dubai, one of the hardest hit real estate markets in the world, as property prices here have plunged by more than 60% from their peak. The bank has reduced interest rates on 25 year mortgage by 76 basis points to 5.49% and has also eased up on LTV […]
Real Estate, US Real Estate, World Real Estate

Irish Government Agency Tries to Woo Home Buyers

By Allison Halliday | June 9, 2011
The Irish property market is still in dire straits, and the government set up the National Asset Management Agency (NAMA) 18 months ago to acquire risky assets, and to look at new ways of attracting buyers back into the market. Ireland received an €85 billion European Union bailout last year, necessitated by the boom and […]
Real Estate, US Real Estate, World Real Estate

Is the Chinese property bubble about to burst?

By Allison Halliday | June 9, 2011
In spite of intensive cooling measures introduced by the Chinese government, residential property prices have risen for 9 straight months and figures from China's National Bureau of Statistics show prices increased by an average of 12.8% year-on-year in the 70 cities tracked.   It now takes a persona earning the average Chinese household’s income 17 […]
Real Estate, US Real Estate, World Real Estate

Mubarak's legacy lingers over Egyptian property market

By Allison Halliday | June 8, 2011
Real estate developers in Egypt who profited from their associations with the former president are now receiving their comeuppance, and the caretaker government is trying to settle disputes about land bought cheaply through the old regime. Talaat Moustafa Group (TMGH) is one of the largest publicly traded builders by assets, and has already been defeated […]
Real Estate Investing, US Real Estate, World Real Estate

Overseas Property Investments Surge in Australia

By Mike Wheatley | June 6, 2011
Foreign property investors in Australia last year purchased almost $3.1 billion worth of commercial properties in the country, which is three times as much as the previous year’s figure, $1.2 billion in 2009, says a new report by Real Estate Investment Flows. In all, 24.3% of commercial property transactions in Australia last year involved foreign […]
US Real Estate, World Real Estate

Singapore Property Prices Up and Still Going

By Phil Butler | April 4, 2011
In news from Singapore, property prices there have continued to edge toward new highs. In the first quarter of 2011 residential property prices rose by as much as 2.1 percent even dispite government measures to curtail prices.
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