February 23, 2009
Once again, more downs than ups in the property investing markets.
- Emaar properties, Dubai-based owner of John Laing Homes have filed for bankruptcy protection for the American firm. John Laing Homes is one of the largest home builders in the United States and the 31st biggest in the world. Or at least – they were. Luxury property blog.
February 20, 2009
FALLING OFF THE HORSE
The Cyprus property boom is over. Whatever the internet investment websites and realtors claim, the Cypriot property market has irreversibly collapsed. The worldwide economic crisis has completely deflated the speculative bubble, and many property owners are desperately trying to sell properties on an already flooded market. Sadly, they face a long wait or must sell at an obscenely low cost, losing around 30%.
