New figures was revealed and it showed that 1,200-1,500 per cent between 2000 and 2007, the booming of real estate industry in the United Arab Emirates (UAE).
Dubai’s Real Estate Regulatory Authority (RERA) and Dubai Land Department (DLD) are the ones who released the figures and according to the figures that west Asian metropolis and the [...]
Travelodge, the budget hotel company, have completed their first recycled hotel made out of shipping containers. The 86 containers used in the Uxbridge hotel were prepared in China with plasterboard walls, electrics and bathrooms already in place before being shipped to the UK, stacked and assembled like lego pieces. The containers are simply bolted together [...]
In recent weeks, it’s been hard to ignore the stories that have surfaced about rising rent prices and the soaring demand for rented properties in the Capital.
We’re hearing that the credit crunch is still maintaining its grip on the property market and sapping confidence among buyers and sellers, while the demand for rented property is [...]
LONDON — Alliance & Leicester PLC, a British bank, sold about £400 million ($747 million) of high-quality bonds backed by home loans this week, in a rare sign of life in the market for mortgage securities.
However, bankers say the U.K. lender’s Monday sale isn’t yet a sign of growing momentum in the mortgage-finance market, which [...]
The Scottish housing market has suffered a severe downturn with the number of loans taken out by homebuyers falling by more than a third in a year. The figures appear to contradict comments made recently by Alex Salmond, the First Minister, who described the market as “relatively stable”.
There were almost 10,000 fewer people who obtained [...]
The development of real estate in China has good prospects in the long run despite the sluggish demand, an expert from the National Development and Reform Commission (NDRC) said on Sunday.
“The development of the real estate has good prospects in a relatively long term. After rational adjustment, it will show a more sound development trend,” [...]
As house prices continue dropping and transaction levels reach a new low, financial solutions company ThinkMoney.com welcomes the recent falls in fixed-rate mortgage rates.
Recently, falls in the cost of wholesale funding have allowed lenders such as HBOS, HSBC, RBS and Woolwich to reduce their mortgage rates, reports Times Online. These cuts may not be not [...]
Letting agents and landlords in the Essex area are struggling to keep up with demand for rental accommodation, it has been claimed.
According to David Lancaster at the Chelmsford branch of estate agent Savills, among the most in demand properties are family-sized townhouses and cottages in areas within easy commuting distance of London.
Such is the level [...]
A new Dubai Bank office under construction in Airport Road, Abu Dhabi. Andre Forget / The National
Commercial property transactions more than doubled in the UAE in the first half of this year, making it one of the fastest growing markets in the world at a time when sales collapsed elsewhere, according to a new report.
Real [...]
Weighed down by the credit crunch and high inflation, the global house price boom has ended, according to our latest survey of house price indicators.
Only 13 countries in which dwelling price indices are regularly published saw prices rise during the year to end Q1 2008, while 21 countries saw dwelling prices fall in real terms, [...]