International Property Investment » investment in real estate

MARKET UPDATE -DUBAI, U.A.E.

Mark Knowles — Mon, 27 Jul 2009 12:24:37 +0000

Worldwide economic downturn brings with it the expectation of mergers and acquisitions, unpredictable pricing in the realms of the sales and rent markets and cautious lending, in a bid to reach a (supposedly) smooth road to market and economic recovery.

Dubai – Lawsuits Starting to Fly

Mark Knowles — Mon, 11 May 2009 10:53:27 +0000

The global financial crisis has hit Dubai particularly hard and Dubai’s property bubble has burst in a big way. Banks and property companies are renegotiating or defaulting on contracts left and right. The lawsuits are already starting to fly according to Reuters news agency.

More on Dubai – Lawsuits Starting to Fly

UAE Real Estate Sector – Still Negative Outlook

Mark Knowles — Mon, 04 May 2009 07:41:24 +0000

A well-respected Kuwait-based investment bank has said that the outlook for the UAE real estate market remains negative.

Kuwait Financial Centre, also known as Markaz, said in a report that oversupply in the property market would likely constrain demand and impede economic growth. Markaz said it expects the UAE’s real gross domestic product to grow this year by 0.7 per cent, down from 5.8 per cent in 2008.

More on UAE Real Estate Sector – Still Negative Outlook

Investment Properties in Dubai? Wait and See

Mark Knowles — Tue, 10 Mar 2009 08:04:14 +0000

Thinking of buying an investment property in Dubai? Wait and see is our best advice right now. The credit crunch is having a big impact in the UAE, and particularly in Dubai, where many ex-pats went to work in the construction and real estate sector, only to discover they had 30 days to find another job or get out of the country when their job vanished along with the rest of the credit market.

More on Investment Properties in Dubai? Wait and See

Property News Roundup

Mark Knowles — Mon, 02 Feb 2009 12:33:30 +0000

Dubai/UAE

Prices for residential property in Dubai are expected to fall another 50% in 2009, according to Landmark, although they have faith that the high end of the market will drop a little less in value. Download report.

Indian Property Developer Bailout Backfiring

Mark Knowles — Sun, 18 Jan 2009 17:23:08 +0000

A recent initiative by the Indian government to prop up property developers by allowing banks to restructure and extend loans is backfiring and turning into another fiasco. Last December, the Reserve Bank of India (RBI) relaxed a key rule on restructuring bank loans to the real estate sector as a one-time measure to help Indian real estate developers cope with falling demand and a credit crunch.

More on Indian Property Developer Bailout Backfiring

Indian Property Market Faces Major Issues

Mark Knowles — Sun, 11 Jan 2009 11:21:24 +0000

Speculation that accounting practices in the Indian real estate sector are suspect is running high at the moment, causing many (myself included) to wonder just how far the sector is going to crash and how many frauds are going to come to light. Senior board members of no less than six top real estate companies have resigned unexpectedly in the past few months, in much the same way rats leave a sinking ship.

More on Indian Property Market Faces Major Issues

Kuwait in Turmoil as Dow Chemical Deal Cancelled to Prop up Domestic Housing Market

Mark Knowles — Mon, 29 Dec 2008 19:14:17 +0000

On December 28th, The Kuwait Petroleum Corporation withdrew from an agreement to create a $17bn petrochemical joint venture with Dow Chemical of the US. The move follows a reversal of approval from the country’s Supreme Petroleum Council. Kuwait’s state-owned energy group was to pay $9bn for half of Dow ’s basic chemicals business in a deal struck a year ago. On December 1 2008, KPC renegotiated the price downwards by $2bn.

More on Kuwait in Turmoil as Dow Chemical Deal Cancelled to Prop up Domestic Housing Market

Property Investor’s Dilemma – Who to Trust ?

Mark Knowles — Wed, 24 Dec 2008 11:54:18 +0000

Small property investors will be facing an enormous dilemma in the coming years. Who to trust for advice. Very few of the institutions saw the housing bubble coming, and the few that did, mentioned “a small correction, perhaps single digits.”

More on Property Investor’s Dilemma – Who to Trust ?

Romanian Property Prices have fallen 30 percent this year

Mark Knowles — Fri, 12 Dec 2008 11:27:26 +0000

The value of real estate in Romania – malls, office buildings, houses and land – has declined by an average 30-35 percent since January, after a sound 15 percent annual increase since 2004, according to Colliers International consulting company Managing Partner, Bogdan Georgescu. According to the company,the depreciation is caused by the global financial crisis, which has sharply affected the local Real estate sector, making investors think twice before acquiring a property.

More on Romanian Property Prices have fallen 30 percent this year