Archive for November, 2008

Mumbai property investment show scrapped after attacks

One of India’s most hotly-anticipated property investment events has been cancelled following the the Mumbai terror attacks. Cityscape India, which was due to be held in the city from December 8 to 10, has been scrapped because of the “ongoing security situation”.

Brutal terror raids threaten India’s economy

More than 100 people are dead and hundreds have been injured after a series of terrorist attacks which have also cast a shadow over India’s commercial health. Armed men stormed several key Mumbai tourist sites and hotels late on Wednesday and continued to hold hostages through Thursday.

US prices of new homes for sale keep falling

The prices of homes for sale in the US are still falling rapidly, the latest market figures from a leading analysis company have shown. The S&P Case-Shiller home price indices for September show average prices are down in every major region it looks at, suggesting investment opportunities may still be available in abundance.

Dubai investment property firms must delay cash requests

Dubai investment property developers must delay requests for payments from buyers in order to stabilise the region’s real estate market, a consultancy firm has claimed. RichVille released a fourth quarter report on the emirate’s property market and included a suggested rescue plan to prevent a potential collapse.