IPIN Live - Archived posts for June 2010

Skyrocketing property prices over the last few months have taken housing beyond the reach of the salaried class...

The first half of 2010 has seen a solid recovery in global hotel investment volumes....

Already plagued with subprime mortgages, negative equity and high delinquency rates, Florida's real estate market faces a new threat in the Gulf...

Law firm Halliwells has filed a notice to appoint an administrator and suggested that high operating costs are a factor in its difficulties. 

Public sector earnings from the sale of assets such as council buildings are set to increase by 17% this year to GBP 1.4bn, official figures show.

Depending on what you read, there would seem to be a great debate as to whether your own home (your primary residence) is an asset or a liability. Initially the answer might seem obvious, but on closer inspection, is it actually that clear? We take a closer look at what's what, in an attempt to specifically define exactly where the answer lies...

British house prices edged up just 0.1pc in June, raising fears that the property market...

The Urban Communities Authority will auction 1.7 million square meters (410 feddans) of land next month in Sheikh Zayed at Sixth of October City.

The Zoning Authority/Development Control (ZADC) of Dubai Technology and Media Free Zone (DTMFZA) has approved new building permits....

Foreclosures accounted for a third of all sales - and sold at a nearly 30% discount....

House price growth slowed during June as the number of homes on the market continued to increase, figures showed.

Middle Eastern investors are exploiting currency trends by purchasing British property bargains....

Tesco is planning a GBP 950m property securitisation in the latest phase of its programme to release value from its UK property portfolio.

Terrace Hill and Aegon have begun marketing for a residential investment fund that will be seeded with some of Terrace Hill’s assets.

Minerva, the London commercial and residential developer, said this morning that it had sold 11 apartments at its Lancaster Gate scheme, overlooking Hyde Park, for GBP 107.5m.

Mortgage approvals fell unexpectedly in May, new figures from the Bank of England have revealed.

It's not unusual even for those who do have a will to assume that everything will be covered by their existing will after buying a holiday home or a foreign investment property. As many have discovered, some at very considerable cost (in some cases beyond the value of the initial investment itself) this is not necessarily case....

The Russian President Dmitry Medvedev is due to meet the government and legislative leaders later today to take up this years budget message to the Cabinet and Parliament. The annual document

Bahrain's residential developers are facing significant levels of payment defaults as purchasers either cannot or refuse to make payments due to stalled construction, said a recent report.

Qatari Diar published its amended "Draft Masterplan" for the Chelsea Barracks site in London, in response to further public consultation, yesterday.

The number of consents issued for new homes fell 9.5 per cent during May...

The annual rate of property price inflation remained stable at 8.2% in May, according to the latest quarterly report from the Land Registry.

Ukraine's government plans to sell state assets and cut the government's role in the economy as it tries to intensify economic growth, Deputy Prime Minister Serhiy Tihipko said Monday.

International credit markets have shunned lending to Spain, and the country has been forced to turn to the European Central bank for funding....

The UK's financial services industry is growing at its fastest rate since September 2007....

Blackrock UK Property Fund has bought the freehold of 25 Bedford Street in London’s Covent Garden for GBP 58.8m.

LaSalle Investment Management has launched the LaSalle Balanced UK Property Fund for institutional investors. 

Q and A with IPIN Advisor Mark Wilson explaining the most common questions regarding IPIN's highly successful and profitable SES (Secure Exit Strategy) strategy, highlighting why SES should be a part of any investment property portfolio.

The typical cost of owning and running a property in Scotland has fallen by 4% over the last two years.

Greece is preparing a make or break return to the financial markets next month. It plans to raise about €4 billion in its first borrowing attempt...

Taylor Wimpey, the British housebuilder, said sales have recovered after a lull around the time of the General Election......

Rental markets in Dubai are continuing to move from an owners' to a tenants' market...

Saudi Real Estate, or Al Akaria, said yesterday that it awarded a 330.6 million Saudi riyal (Dh323.14 million) contract...

Saudi Arabia's plan to enforce its first mortgage law could prompt domestic banks to end more than a year of moratorium on normal lending....

Britain's bid to rein in its record deficit by imposing spending cuts and tax increases has won international endorsement at the G20 summit in Canada.

The secret to successfully buying overseas real estate sounds simple: find the right property in the best location and buy it for the lowest price possible. But this foolproof formula is harder to get right than it sounds....

Mumbai: Even as realtors remain up­beat about the growing demand in their sector, the industry stands divided over a possible correction....

As part of its plans to unlock its large land bank, denim major Arvind Ltd has taken first major step by announcing its plans to form a 50:50 joint venture...

State-controlled VTB, Russia's second-largest lender, is seeking cornerstone investors....

Irish residential mortgage backed securities, backed by Start Mortgages subprime loans, were downgraded by Fitch Ratings yesterday, citing rising loan arrears and falling home prices.

Freddie Mac and Bankrate are both reporting that US mortgage rates are lower than ever. The news following a sharp fall-off in home sales...

With one-third of foreclosures considered strategic defaults, Fannie Mae has taken action against borrowers who have the ability to pay....

About 10,000 new homes need to be built in New Zealand to keep pace with population growth...

It is time for the real estate sector to have its own tailored solution, much like there is the stock exchange....

The coming weeks represent a make-or-break period for Oman's Blue City master-development...

Land Securities headquarters at 5 Strand, close to Trafalgar Square in London, is up for sale for GBP 53m.

An IPIN exclusive in depth interview between Peter Debs (Bridgepoint Ventures) and James Pape (Andrew James Development Group) covering questions and answers regarding the US Housing Choice Voucher Program (Section 8) What is Section 8?, How it works, How investors can take advantage of it, and specific advice from two very experienced real estate investment professionals.

Ashiana's target is to bring retirement resorts to at least 10 locations by 2013. Ashiana will move to southern part of the country to explore the possibility of setting up retirement resorts

When demand for property in popular locations begins to outstrip supply it is increasingly common for individuals to look for alternative real estate investment opportunities. Off plan property purchases have become increasingly popular in recent years, especially in destinations which have experienced rapid growth....

Arizona, California, Florida, Michigan and Nevada are among the states that will receive funds from the Obama administration....

Ford Motor has announced on Thursday that it will spend US$450 million to build a car production plant the eastern province of Rayong, reports said.

The first public auction of repossessed mortgage properties in Dubai is expected...

The crane company that helped build Wembley Stadium's iconic arch and Heathrow Terminal 5 has been sold in a GBP 100m deal...

Existing home sales decreased 2.1 percent in May, the first month of sales ineligible for the home buyer tax credit...

A total of AED 117 billion in real estate transactions was registered at the Land Department for the first five months of 2010.

Mortgage approvals hit their highest level of 2010 last month, according to the British Bankers Association.

Mickey Mouse is about to welcome a bunch of new neighbors. On Wednesday, Disney unveiled a luxury residential community, with about 30 homes....

BMB Group, an investment firm founded by Asian entrepreneur Rayo Withanage and Brunei’s Prince Abdul Ali Yil-Kabier, has bought its second European property fund manager.....

The sinking euro hasn't seriously derailed foreign appetite for New York City real estate, at least for now, said Pamela Liebman, president and chief executive of The Corcoran Group...

The National Economic and Social Development Board (NESDB) had advised Thai investors to invest more in China, because of the rising strength of the yuan currency.

After having sat through George Osbournes Emergency Budget speech with the sound of harrumphing akin only to the deafening drone of vuvuzelas at a world cup game, we bring you as promised, the low down on the UK economy as it affects property investors after the Coalition Governments Budget.

In a few words, the Chinese authorities unleashed something akin to euphoria in financial markets and among economists....

George Osborne will unveil a GBP 30bn package of spending cuts and tax rises aimed at slashing Britain's deficit.

The founders of a global real estate security exchange, Saudi Arabian IREX Group and Canadian egX World, believe they would bring liquidity and transparency to the market.

Villas in Dubai are garnering an increased demand from potential tenants as rentals become economical.

Great Portland Estates plc (GPE) has bought 35 Portman Square, W1 for GBP 53.0 million from the shareholders of Portman Square Properties Holdings Ltd...

Over the last few years, Morocco has begun to establish itself as a credible destination for property investment, as a growing tourism industry and an economy which escaped the worst of the global economic crisis are helping to raise its profile among individuals looking for a long-term return on investment....

Natural beauty and Caucasus hospitality are just two selling points for the Kremlin's $16 billion initiative....

Pricewaterhouse Coopers reports that investor confidence is up in the commercial sector, as lower levels of distressed sales are reflecting a greater investor interest in prime properties...

World stock markets have rallied after China announced it would let its currency, the yuan, rise against the dollar.

The news follows Global Property Guide's mid-2010 report, which also confirmed a resurgence in confidence and strength of the worldwide markets....

Rental values in Dubai International Financial Centre (DIFC) financial district have not recorded any decline in the past three months...

SEB Asset Management has completed its purchase of Evans Randall’s Condor House in the City of London for its open-ended real estate fund SEB ImmoPortfolio Target Return Fund.

An investment fund backed by Lord Rothschild has joined the World Gold Council to put £12.5m into BullionVault, the online gold investment platform.

The raft of regulations planned for the US financial sector will hit Goldman Sachs harder than any other bank, according to analysts at Citigroup.

An Austrian man has won an international race to the 48th floor of the highest building in the Austrian capital Vienna....

The National Bonds Corporation (NBC) is willing to allow Emirati holders of its bonds to pledge the same as collateral for property purchase.

Private sector investments for various real estate projects in Saudi Arabia will reach an estimated USD 150 billion until 2012.....

The changing skyline of Gujarat cities is also changing the rules of the game for realtors....

The Senate has approved an extension to the closing deadline for homebuyers seeking to claim the tax credit....

Fixing the bleeding at Fannie Mae and Freddie Mac will cost $160bn, far exceeding other Federal bailouts...

Les Deux Alpes in France has opened for its summer skiing season on Wednesday (16/6) and the Espace Killy resorts of Tignes and Val d’Isere are due to open on Saturday (19/6)...

Gross mortgage lending totalled an estimated £11.3 billion in May according to the Council of Mortgage Lending.

President Dmitry Medvedev on Friday said tax breaks, foreign investment and the privatization of some state enterprises are key to modernizing the economy and reducing reliance on oil.

Despite the economic turmoil which many countries are currently experiencing, a number of recent property reports are suggesting that the world's real estate markets are starting to pick up and once again offer the potential for rich rewards....

Spain took a beating in terms of borrowing costs, but managed to sell nearly 3.5 billion euros ($4.3 billion) in 10- and 30-year bonds....

The 14th International Economic Forum opens in Saint Petersburg today. Economic modernization is among the top issues on the agenda....

As the sterling gets stronger against the euro, British investors are taking advantage of overseas property deals.....

The Burj Khalifa, with three others, has bagged the best tall buildings in the world award, according to the Council on Tall Buildings and Urban Habitat.

Ahead of its launch on Friday, the boss of the Wizarding World of Harry Potter has said he expects the park to dramatically boost tourism in Orlando.

Allianz Real Estate has exchanged contracts to buy a 75% stake in Hammerson's Espace Saint Quentin shopping centre in Paris in a deal worth EUR 176m.

Land Securities has agreed to forward sell its Park House development on London’s Oxford Street to a Qatari property company for GBP 250m.

There is good news for the global property markets as we pass the midway stage of the year, with many on the way to recovery following the global economic crisis, but some countries will offer real estate investors a better return on investment than others....

The Finance Ministry has canceled a tender to supply a gilded negotiating table and chairs.....

Lee Farkas, the man who once ran America's largest non-depository mortgage lender, has been accused of masterminding a $1.9bn (GBP 1.3bn) mortgage fraud...

A total of 86.6 per cent of economists surveyed this month agreed the economic growth rate for 2010 would be about 4.3 per cent....

Ireland successfully tapped the global debt markets for EUR 1.5 billion yesterday but, given the renewed jitteriness of Europe’s peripheral bond markets....

Yoshiteru Yoneyama, nominated as president of Fukoku Mutual Life Insurance Co., said in a recent interview the company will pursue an independent business strategy instead of demutualizing.....

Italy has always been a popular destination for property investment speculators, with a high quality of life, competitive prices and favourable weather helping to ensure that it is able to boast a strong tourism market and reasonably safe economic background....

THE Reserve Bank of Australia has downplayed concerns over a house price bubble in Australia.....

Last month foreclosures exceeded April's record-setting pace, with skyrocketing bank seizures and millions more in the pipeline. The market has been spared a bigger blow....

Obama announced that the government will start unloading unneeded properties to cut costs by as much as $3 billion by 2012. Property investors are interested to see.....

Jones Lang LaSalle, the world's leading real estate investment and advisory firm and the largest in the Middle East and North Africa (MENA), has reported that Cairo was the strongest performing city.....

Just 45% of consumers surveyed in the BSA's latest, June 2010, quarterly Property Tracker survey think that now is a good time to buy property.

London Mayor Boris Johnson has unveiled plans to reform development powers in London and take direct responsibility for the legacy of the 2012 London Olympics.

The rise in Buy to Let property investment has been phenomenal in recent years, waning only lately due to the lack of available credit insofar as mortgages are concerned. A common question now though is, (particularly with the financial world being so turbulent), what is the best way to manage a Buy to Let portfolio, and the pros and cons attached?

Buy to Let property investors in the UK market may be interested to learn that the coalition government has decided not to press ahead with the uptake of a new national register for landlords within the country....

The one-day Euromoney conference entitled, "Egyptian Housing and Real Estate Finance" takes place in Cairo Tuesday.

Vertica for real estate services was launched in Beirut, Lebanon focusing initially on the Lebanese market with the expectations that Lebanon's economy will grow.....

House prices edged up in May, but the Government’s decision to abolish HIPS has given supply a boost, according to the RICS.

Howard Property Investments has bought the RBS building on Silbury Boulevard in Milton Keynes for GBP 3.2m from Blackrock Land.

House prices fell 1.4 per cent across New Zealand in May, according to the latest REINZ Monthly Housing Price Index....

New Delhi: After months of dilly-dallying, the Delhi government increased the circle rates by up to three times for sale and purchase of properties in all colonies across the city.....

A holiday home in North Cyprus – owned by an English couple - has been seized by a bank because the land it was built on has been used, unbeknownst to the couple, as security for an unpaid loan...

An IPIN exclusive interview with Peter Debs (Bridgepoint Ventures) explaining exactly what US distressed real estate is, the differing levels and types of distressed property available, and how best to take advantage of them as a property investor whilst avoiding the possible pitfalls.

Oil spill, economic crisis and lenders attitude change towards short sales set the stage for short sales to be the dominate force in real estate sales in Southwest Florida...

Newspapers around the world will soon have no choice but to start charging for Web content, according to Dow Jones CEO Les Hinton.....

Concordia Community Management will issue two credit notes to the residents of Al Shera Tower, which will help reduce 2010 master-community charges....

Qatar is set to become an even bigger player in global real estate investment this year, according to a report from Jones Lang LaSalle.

Allied Farmers has announced a second positive development in the portfolio it purchased from Hanover Finance....

With all eyes focused on South Africa and the start of the 2010 Football World Cup and several other markets preparing to host major sporting events in the next few years, we take a look at the potential for property investment in various regions....

Specialist West End estate agency, LDG, has noticed a trend for overseas students coming to study in London with increasingly high accommodation budgets.....

The federal tax credit helped boost the residential housing market as the economy showed signs of moderate recovery, according to a recent report from the Federal Reserve....

Variety is often described as the "spice of life", as without it things just would not be the same, so how can we apply this particular proverb to property speculation? As with any sort of investment, the phrase "don't put all your eggs in one basket" springs immediately to mind....

Keeping a commercial or apartment building in safe condition requires an eye for detail. Having a checklist.....

Portugal has always been shadowed in the overseas property market by hot spot superstars Spain, France, Italy and Turkey. Experts are saying that now, however, could be Portugal’s time to shine....

This week an Indian company is meeting with a group of Irish investors to make good on stalled property schemes in Dubai....

American taxpayers face being refused investment and banking services outside of the US as a result of recent US legislation.....

The assets of wealthy individuals rebounded strongly in 2009, but profitability at the private banks and other institutions that service them remained depressed.....

Even though Saudi Arabia's real estate sector is currently witnessing robust growth, there has been a slowdown in the activities of real estate offices in most parts of the Kingdom.

The three-day Cityscape Jeddah 2010 concluded on Wednesday with both attendance and transactions far exceeded the expectations.

Is the original Goldman Sachs report accurate with respect to property investment? Should you be basing your investment property strategy off the back of a 50 year projection? Which, if any should you be considering for property investment? Find out in the BRIC's Investment Property Analysis Conclusion.....

Burooj Properties, the property arm of the Abu Dhabi Islamic Bank has outlined plans to offer investors its first Egyptian development.

Plans for a 117-story tower in Mumbai would shatter the current record for residential developments, and stand as a soaring symbol for the city's growth....

RealtyTrac projects an increase of one million foreclosure filings for 2010, compared to a year ago....

While some have been predicting inflation since 2008, significant inflation in the BRIC countries may act as a catalyst....

First-time homebuyers looking to land an $8,000 federal income tax credit may have a little more time to close on their purchases...

Whilst the term "distressed" when applied to property is not all that new, in the past couple of years the term has certainly become more prevalent in the industry, especially in the US. With this article we outline some of the key points regarding distressed property and things to bear in mind when considering it as an investment....

Mumbai: Growing demand from infrastructure projects ahead of the monsoon, and a fall in prices have boosted cement sales in May. There has also been greater offtake from large real estate projects......

Fort Lauderdale couple raffle off their beautiful $3 million waterfront property due to the economic crisis and a portion of the proceeds go to a local charity.

The Securities and Exchange Commission is said to be probing Hudson Mezzanine Funding, a USD2bn (EUR1.7bn) collateralised debt obligation created and sold by Goldman Sachs....

The Bank of England is expected to hold interest rates at a record low on Thursday as it seeks to offset painful Government spending cuts.

The National Assembly in Kuwait passed a law stipulating the establishment of public shareholding companies to build new cities for Kuwaitis....

The majority of Burj Khalifa unit owners are not inclined to sell their property in the secondary market and would rather look to lease them, real estate brokers say.

Banks are seizing more foreclosed homes even as the number of people falling behind on their mortgages is declining.

Housing minister Grant Shapps has warned of a GBP 760m hole in the Communities and Local Government budget that will put 150 social housing projects at risk.

This is the fifth in our series of BRIC articles; this article will concern the country of China; changes to the country that would affect predictions in the 2001 report from Goldman Sachs, its economy, the property market and property investment feasibility....

Commercial property is becoming an increasingly popular method of investment, with a new survey demonstrating its expected growth. Aberdeen Asset Management has found that out of 166 UK-based pension funds that it had interviewed, two thirds had exposure to property and 36 per cent were looking to increase their holdings....

Disgraced banker blamed for the near-collapse of Royal Bank of Scotland buys secluded home that has been described as one of Edinburgh's finest houses.

Despite the 22.4 percent annual increase in pending home sales in April, many of those sales may be canceled if they do not close by the tax credit deadline....

The cost of short-term fixed-rate mortgages fell to a new record low during May as competition continued to return to the market.

The non-listed real estate industry can improve standards of corporate governance, particularly transparency, accountability and alignment, according to a report today from INREV.....

German institutional investors could invest up to EUR 8.1bn out of a total of EUR 26.6bn into German property funds over the next three years, according to a report today.

F and C REIT is challenging the GBP 1.6bn merger between two listed property income trusts.....

Real estate investors around the globe can expect to see a rise in the number of distressed properties entering the market during the second quarter of 2010, with the US and Ireland leading the way.....

BMB Group, an investment and advisory firm, has made two acquisitions in the first of a series of purchases intended to boost the firm's real estate assets....

Braemar Group, a nine-year-old property fund management specialist, has accepted an all-cash bid of GBP 4m (EUR 4.8m) from Brooks Macdonald, according to a report in Money Marketing.

Black volcanic ash has covered the Klyuchi village in Russia's Kamchatka in the Far East. Experts say the ash poses no threat to the local population....

An Abu Dhabi-backed fund is expected to announce as early as today it has bought out the senior debt in a stalled Omani real estate project in a landmark regional distressed real estate deal.

This is the fourth in our series of BRIC articles; This article will concern the country of India, its economy, property investment feasibility and changes to the country that would affect predictions in the 2001 report from Goldman Sachs...

So far we remain blissfully unaware as to the coalition government's plans for changes to capital gains tax (CGT) ahead of the emergency Budget later this month (June 22nd), but fears over a proposed rise are ensuring that some property investors are putting their homes on the market....

The Ukraine real estate market has plummeted since 2008, as years of corruption, political instability and a complicated regulatory process....

Last month US housing prices showed improvement in every region year-over-year...

With the media already swamped with World Cup warm up fever, we now have the onset that is the veritable epitome of visual entertainment. Big Brother 11....

DNZ Property Fund, which abandoned plans last year to list on the New Zealand stock exchange, is planning a $35 million capital raising....

An eight-month evaluation of the property market in Dubai highlights the emerging resilience of the market....

United Arab Emirates' Nakheel said it will start in mid-June repaying in cash 40% of the debt it owes to trade creditors...

Eurozone nations have begun setting up a massive bailout fund that could rescue any member of Europe's currency union...

British oil explorer Rockhopper said it will raise GBP 48.5m in a fully-underwritten placing to help it exploit larger-than-expected reserves at its Sea Lion well in the Falklands.

This is the third in our series of BRIC articles; this article will concern the country of Russia, its economy, property investment feasibility and changes to the country that would affect predictions in the 2001 BRICs report from Goldman Sachs....

With the recent furore surrounding the restructuring of Greek debt and fears that it will have a profound effect on economic recovery, how is the real estate market going to cope?....

With prices for commercial property at or near rock-bottom, Japan's real estate market is ripe for investment...

Ireland and the US will see the greatest rise in "distressed sales" of property according to a survey...

RAK Ceramics, the world's largest ceramics manufacturer, has announced that it has been awarded the contract for the Dubai International Airport Phase II...

The outlook for residential and office property in Tripoli remains positive, with demand set to exceed supply for, at least, the short-term....

Dubai Silicon Oasis, or DSO, on Sunday announced it is showcasing its Dh1.55-billion Cedre Villas project at Cityscape Jeddah 2010....

Goldman Sachs flagship building in the City will this week be put on the block for over GBP300m (EUR363.3m) by a consortium of Irish investors....

Concern that Europe's sovereign debt crisis was about to claim a new victim may have been signalled by fresh nervousness....

The second in our series of BRIC's articles; this article will concern the country of Brazil; changes to the country that would affect predictions in the 2001 report from Goldman Sachs, its economy, the property market and property investment feasibility....

Steady recovery in the global property markets is expected to be witnessed over the course of the year, with the US market offering the best return on investment (ROI) for individuals who decide to invest in property....

Buying a property abroad for investment purposes is becoming an increasingly popular pastime, with the latest figures demonstrating a large rise in interest for overseas property....

Russia's Central Bank has issued a 5kg gold collectors coin with a face value of 50,000 rubles. It depicts Emperor Alexander II who established the Central Bank.

Michael Spencer, the founder and chief executive of money broker ICAP, has topped off a roller-coaster six months by being named the first UK winner....

No visit to a soccer stadium in South Africa is complete without a vuvuzela.....

More than 1,000 landlords have already taken action to join the campaign launched by the Residential Landlords Association...

Bangalore: The Bidadi integrated township project, one of the five ambitious satellites meant to decongest Bangalore, has been revived....

With a resurgent real estate sector rededicating energies and resources to the luxury segment once again, Mayfair Housing has refreshed its offerings for the most opulent niche buyers....

Australia's biggest real estate group Ray White recorded an 8 per cent gain in sales in May, as a property shortage keeps sales going at a brisk pace....

China's housing market problems are worse than those in the United States before the global downturn, one of China’s most senior bank advisors has warned.

Average house prices in the UK rose by 0.5 per cent in May to GBP169,162, according to Nationwide's latest figures.....

The former regional chairman of Barratt London & Thames Gateway Adam Lawrence has launched a new residential development and has secured GBP100m funding.

As we reported on June 3rd, Global Property Guide's most recent survey of international house values pointed to a recovery in the worldwide real estate market, with European countries performing well....

The Financial Services Authority (FSA), the regulator responsible for supervising banks, building societies and other financial services providers, could still face the chop.

WAKAYAMA: Bank of Japan Policy Board member Miyako Suda said Thursday the economic outlook has grown cloudier because of Europe's deepening sovereign-debt crisis.

Investment Bank Credit Suisse fears residential prices in Dubai may see a dip of 15-20 per cent in the year as up to 47,000 housing units are expected to hit the market.

Although the Saudi market seems attractive from a top-down view, the market may slow due to affordability and financing challenges...

Contrary to popular belief, the aim of the Goldman Sachs BRIC's report was not to provide a guide for investors on where they should put their money, but more an exercise by Goldman Sachs in understanding investment trends.....

If you intend to invest in property it is handy to know what an escrow account is and how it can protect parties involved in the transaction of the investment. Below is a simple guide that may help you to understand the process better.

Many investors like to stick to the principals of investing in developed markets such as the UK and the US, where regulation and transparency work with investors to provide a relatively stable environment....

Conservative radio host Rush Limbaugh is having a tough time saying adios to New York City. But it's not because he'll miss the Big Apple....

Thailand is pulling out the stops to woo tourists back after recent riots and political unrest in the Thai capital of Bangkok...

The Chairman of the Board of America's largest commercial bank Morgan Stanley, John Mack predicts that Russia's economy will be speedily growing this year...

Individuals who have decided to invest in property around the world will be pleased by the latest statistics to have been released by Global Property Guide....

OSAKA. Deutsche Securities Inc. has reported that it placed 16.73 trillion Yen in erroneous sell orders Tuesday on the Osaka Securities Exchange...

London — Despite declines since the bursting of the bubble in 2007, European house prices are still too high and may fall again later this year....

TOKYO — Government of Singapore Investment Corp. is among a handful of cash-rich buyers seeking to buy Grosvenor House Hotel...

Ferrari World Abu Dhabi, the world's first Ferrari theme park, currently under construction on Abu Dhabi's Yas Island, is scheduled for opening on October 28.

The average price of a property in the UK is now less than 10% below the peak recorded in October 2007, figures from Nationwide show.

Swedish furniture maker IKEA will break ground on June 3 on its flagship Bulgarian outlet, which will be located in the capital city of Sofia.

According to a report released by the Ernst and Young audit company on Wednesday, Russia remains on the list of the world's top-five economies in terms of implementing new projects in 2009.

The Baghdad Investment Commission on Tuesday approved a residential project in the capital at a cost of $6 million, according to the head of the commission.

UK private equity firms are rushing to complete sales of assets ahead of an expected rise in capital gains tax as the debate over the government’s treatment of profits on deals intensifies.

Société Générale Private Banking has unveiled a dollar-denominated equity fund in partnership with Rockefeller Financial, according to a report in Banking Business Review.

Government of Singapore Investment Corp., in a tie-up with US real-estate investment trust Host Hotels and Resorts, is said to be among the final bidders for Grosvenor House Hotel...

Britain is still the most attractive country for international companies looking to invest in Europe, according to the latest European Attractiveness survey from Ernst and Young.

Washington - The International Monetary Fund (IMF) on Tuesday predicted that Dominican Republic's economy grow will from 5 to 5.5% this year...

While some real estate experts are reporting drops in overseas interest in Australian property over the last year due to high currency exchange rates and rising home prices, economists within the country are citing the opposite...

The US House of Representatives Bill, HR 5409, aims to protect the home building industry by offering government backed protection on residential construction loans....

The point of diversification is to primarily spread risk. By spreading risk across different investment tools, you reduce the chances of your entire investment capital being wiped out in a sudden market movement in the sector that you happen to be invested in....

A hike in the UK capital gains tax rate from 18% presently to 40-50% in next month's emergency Budget, without any “business or taper relief or reduced rates”...

Union Properties (UP) has joined a growing list of Dubai developers that have obtained cancellation orders through the Land Department and are seeking to repossess units of defaulters.

An increasing amount of financial advisors are recommending that their clients consider looking into commercial real estate investment opportunities compared with residential property....