The fed rate cut of one quarter of one percent this afternoon is the big news of the moment, but ¼ % hardly seems worth the effort. The Federal Reserve Board lowered the cost of borrowing Wednesday with a quarter-point drop in rates in hopes of energizing an economy troubled by a sagging housing market and soaring oil prices.
We ran a photo series recently on the Palms Dubai development. And something came to our attention that we hadn’t really noticed when we’d been researching the article – there are no people in the photographs. Now that could have been just a factor of timing, but further research has shown that somewhere in the region of 90 % of the development has been sold to property speculators who have no intention of living there. Whilst this is certainly an ambitious project, we do wonder what the long term effects both on the local marine wildlife and also the human immigrants, if any.
Home buying for most people is one of the largest financial transactions they will undertake in their lifetime. Although you may own a house in your own country, buying a property in a foreign country is quite a different matter. Many people, who would like to purchase property in Greece, find that the Greek real estate market can be a mind-boggling experience. At first the property purchasing process seems to be a very complicated one. Approaching the problem of buying a property step by step shows that it is not that hopeless.
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