Overseas property blog

One thing about the global downturn that could be considered positive is the amount of scams and cons coming to light, and the small property investor has certainly been prey to many. In a booming economy, many of these were written off and the injured parties pleas for assistance were ignored.

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Latest news from Dubai is confusing to say the least. At the one end of the scale, the Dubai government is canceling 1,500 work permits and visas a day as the slowdown continues and developers shed staff, at the other end of the scale, developers keep on putting our press releases claiming that it is business as usual.

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No one can say that Dubai is not forward thinking in their plans for the emirate. There seems to be a never ending supply of new developments and staggering construction projects. An interesting statistic I came across recently –

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This Sunday, Al Fara’a Properties, a subsidiary of Al Fara’a Construction, launched a new $26 million project – Mulberry Mansions, which is a part of the developer’s planned projects worth $1.8 billion for 2008.

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Vietnam’s recent policy changes regarding direct foreign investment are attracting investors from around the globe and Dubai based property developers are moving in, eager to be in on the ground floor as Vietnam’s property market begins to blossom.

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Well, it’s certainly nice to know this blog is being read by those in the know. Following Ahmed’s predictions that Panama is a bubble about to burst, the Panamanian government has obviously come to the same conclusion and decided to step in and do something about it.

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What’s hot, what’s luke warm and what’s looking chilly in the property investment world for 2008?

Ahmed firmly believes Panama is a bubble about to burst and is to be avoided in 2008, Spain needs selling ASAP and the U.S offers some opportunities in select markets.

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Dubai. First trip this year is to get my Dubai properties registered. If, like me you have purchased property in Dubai recently, it is important to register the purchase with the Dubai Land Department.

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Singapore recently topped the rankings of CB Richard Ellis’ yearly “Top Ten Fastest Growing markets,” report, with a staggering increase in office rental costs of 82.6% in the last 12 months. This comes after recent record growths in the Singapore residential property sector.

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Would you buy a used car from this man?

This is Paul Owen, founder member and CEO of the Association of International Property Professionals. The AIPP gets an awful lot of good press. This article in the Daily Mail recently being one such example and the recent write up on citywire being another.

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