International Property Investment » Overseas Mortgages

Fed Rate Cut – Too little too late?

Mark Knowles — Wed, 31 Oct 2007 20:36:45 +0000

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.

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The Palms Dubai – Ghost town?

Mark Knowles — Wed, 24 Oct 2007 06:00:21 +0000

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.

Buying Property In Greece: 10 Top Tips to help your house purchase go smoothly

Guest — Mon, 22 Oct 2007 16:23:51 +0000

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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