Monthly Archives: December 2008

Future laid bare for Dubai property investment

Dubai is moving towards an “innovation-based economy”, and property investment in the emirate still looks a good long-term prospect, industry leaders have said. Real estate firm Schon Properties rounded off the year by hosting an industry event looking at the state’s financial future.
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UK real estate market to bottom out later in 2009?

Property investment buyers waiting for the bottom of the UK market may have to wait until well into 2009, new figures suggest. The Royal Institution of Chartered Surveyors (RICS) released its 2009 housing forecast, saying it expects a total price decline of at least 25 per cent. Continue reading

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Big demand for new homes for sale expected in India

Demand for new homes for sale is expected to pick up dramatically in India’s smaller cities next year, experts have said. Bosses at Sankalpan Group, a fast-growing development firm, said interest in places like Mangalore and Nagpur will increase by 25 per cent, the Financial Express reports. Continue reading

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Red tape warning for US real estate market

“Bureaucracy and delays” are stopping buyers from entering the US real estate market, a property professionals group has warned. The National Association of Realtors (NAR) said more Americans could now afford mortgages after moves by the Federal Reserve and the Treasury to bring rates down. Continue reading

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UAE investment property construction to be scrutinised

Organisers of the Arabian World Construction Summit (AWCS) 2009 said the topic would be covered by the February event. Held at the Emirates Palace, Abu Dhabi, February 9 to 11, the show will be themed ‘Business Sustainability in a Challenging Market’. Continue reading

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Worst over for UK real estate market?

Any recovery in the UK real estate market next year is dependent on financial liquidity, the boss of a leading London estate agent has said. Robert Bartlett, Chesterton Humberts chief executive, also said the worst of the country’s property price falls had passed and buyers were now out in force. Continue reading

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Property investment in India gets expert backing

Property investment in India remains a safe and sensible bet for the future compared to volatile stocks and shares, commentators have claimed.
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Low rates a possible bonus for US investment property buyers

Interest rates in the US real estate market are hitting record lows, new figures have revealed.
Lender Freddie Mac’s weekly rate survey showed the benchmark 30-year fixed rate American mortgage had dropped to a national average of 5.17 per cent, the lowest since the poll began in 1971.
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Speedy progress at Dubai investment property tower

Progress at a Dubai investment property tower scheme that one floor is being completed every 5.2 days, the developer has said. DAMAC Properties said the speed was being achieved at its Ocean Heights tower at Dubai Marina. Continue reading

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Price stability tops UK investment property desires

The UK real estate market has price stability and better mortgage choice at the top of a “Christmas wish list” a property consultant has said. Young Group polled industry representatives and found 36 per cent felt more predictable values would bring more Christmas cheer. Continue reading

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