Archive for October, 2008

Indian developers to soak up property investor’s interest

Indian property purchasers could find developers are willing to bear the brunt of interest payments as they look to shift unsold stock, experts have said. Prakash Challa, president of the Confederation of Real Estate Developers Association of India (CREDAI) said builders were taking the market situation into account and offering new deals.

US auction means “unprecedented deals” on new homes for sale

New homes for sale in California, US, are to be auctioned off in their dozens next month with minimum bids set well below previous asking prices. A total of 150 homes from 15 communities will go under the hammer at the November 22 sale organised by Accelerated Marketing Partners (AMP).

Imperial-China style project for UAE real estate market

Dubai’s biggest developer has announced an imperial China-style residential project which will include 4,000 new homes for sale in the Emirate’s International City sector. Nakheel said ‘Forbidden City’ will be a low-rise development featuring studio, one bed and two bed apartments.

UK commuter city shows real estate market potential

A UK city which has seen house prices fall by up to 25 per cent could become a property investment target after agents said it was showing popularity with first-time buyers and commuters. According to Haart, Peterborough, Cambridgeshire, is seeing an 180 per cent increase in interest from first-timers.