International Property Investment » investment in real estate

The Future of Housing Finance in the U.S.A.

admin — Thu, 12 Aug 2010 15:49:08 +0000

Well - seeing as the American Government Inc now seems to - directly or indirectly - hold all the mortgages on all the residential property in the U.S, a new panel and conference has been instigated to discuss the future of housing finance.

More on The Future of Housing Finance in the U.S.A.

HUD CHARGES CHICAGO REAL ESTATE GROUP AND PROPERTY OWNERS WITH HOUSING DISCRIMINATION

admin — Wed, 11 Aug 2010 08:01:32 +0000

Well the laughs continue in the US real estate market - one of the major instigators of the financial crisis - the US Department of Housing and Urban Development (HUD) is charging a bunch of local realtors and property owners with "housing discrimination" in Chicago. Apparently some one refused to sell (as if) a house to a black couple. Not seeing it myself as the home was on the market for at least two years and you have to think they were getting pretty desperate considering the amount of investment property for sale in Chicago. Still - you never know in the US real estate market - In any case - this is the official HUD press release.

More on HUD CHARGES CHICAGO REAL ESTATE GROUP AND PROPERTY OWNERS WITH HOUSING DISCRIMINATION

MARKET UPDATE -DUBAI, U.A.E.

admin — 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

admin — 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

admin — 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

admin — 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

admin — 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

admin — 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

admin — 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

admin — 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