Monthly Archives: May 2008

'Gardeners Included' in Majorcan development

An agent is offering up £2 million new homes for sale in Spain – with gardeners thrown in for good measure. Barton Wyatt International (BWI) is marketing two prestige golf properties at La Reserva Rotana, in Majorca, and says both also come with waiters and cooks.
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Middle Eastern property investors look to London

Qatari state property investors are reportedly gearing up to buy as much as £5 billion in UK and European commercial property. The news comes just days after it was revealed state investors from the Middle East were in the running to buy large swathes of commercial property in New York as they shifted focus from banks to buildings.
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UK property market 'stable' amid wobbly confidence

An estate agent body has said the UK housing market is showing signs of stabilising, although buyer confidence remains ‘shaky’. The National Association of Estate Agents (NAEA) said its members were reporting stability in the number of sales agreed.
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'Bank of mum and dad' now crucial for first-timers

Couples who are able to turn to the ‘bank of mum and dad’ make up the majority of young UK first-time buyers, a case study suggests. Linden Homes said young people who can borrow money from their parents are among the few who can currently make it onto the country’s property ladder. Continue reading

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VAT to be implemented in UAE 'next year'

Officials have said the UAE will get a VAT scheme in 2009, although no exact date has been set. Dubai Customs’ executive director Abdul Rahman Al Saleh said value added tax would arrive in 2009 and would strengthen the region’s economy.
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Middle Eastern investors go for bite of Big Apple real estate

New York real estate is the new property investment route of choice for wealthy Middle Eastern speculators, according to reports. Continue reading

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Indian firm prepares to handover Dubai real estate project

One of India’s biggest real estate developers is set to handover a flagship residential project it has developed in a desirable Dubai area. Lokhandwala Infrastructure has finished and sold out the Lady Ratan Manor scheme, Indian Realty News reports.
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Real estate show with Seven-star hotel investment opportunities

Highlights include resorts, theme parks, desert and hill stations, as well as five and seven-star hotels. Organiser Electro Med says investment will be spurred by the growth of tourist footfall in the Emirate expected to grow from 500,000 in 2007 to 2.5 million by 2012. Continue reading

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New homes set to explode in Yorkshire and Humber

The UK government has unveiled a plan to meet the needs of an estimated 414,000 new homes set to be built in a North East region. Projections show new that the developement of new homes is set to explode in the Yorkshire and Humber area in the period up to 2026. Continue reading

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Number of foreclosed homes in Memphis increases

Foreclosure rates in an area of one US state are up 40 per cent and show no signs of slowing due to lending patterns. Tennessee’s Memphis Daily News reports the April number of foreclosed homes in Shelby county is up by 40.1 per cent compared with the same month last year.
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