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Bank of Canada Cuts Interest Rates
2008-04-23 08:53:00
23rd April, 2008 -The Bank of Canada cut its interest rate by half a point to 3% whilst noting that further cuts might be necessary. The slowdown in the United States, which is Canada's largest trading partner, has begun to affect the Canadian economy. This has helped to spur the Canadian central bank to make these cuts.
More About: Interest Rates , Interest , Rates

Lottery Winner Gets Council House
2008-04-23 08:52:00
Scotland’s biggest lottery jackpot winner John McGuiness has spent more than his £10 million winnings and is facing eviction from his luxury home. The Scottish Sunday Mail reveals that an eviction hearing will be held on Tuesday. It also reports that the South Lanarkshire council have identified a two bedroom council house in the town of Netherburn, near Larkhall, for McGuinness and his family.
More About: House , Lottery , Council , Winner

New Flights to Turkey
2008-04-23 08:50:00
British Airways announced a new route addition to their schedule. They have begun operating flights from London Gatwick direct to Antalya International Airport (AYT) along the Mediterranean coast of Turkey . Currently, these flights operate on Tuesdays, Thursdays and Sundays and are scheduled to run in both the summer and winter. These new flights will help travelers, holiday goers and those with overseas property get to the destination much faster.
More About: Flights

British Builders Caught Cheating
2008-04-17 09:57:00
The Uk Office of Fair Trading has uncovered systematic price fixing and seemingly corrupt practices in tendering for large building projects. The firms accused by the government watchdog include some of the biggest construction companies in the UK including Balfour Beatty and Carillion. The Office of Fair Trading investigation is believed to be one of its biggest and reveals practices that could have cost UK tax payers billions over the last few years. The OFT has been met with a 'hands up' from over 40 firms who have already admitted the charges
More About: Cheating , Builders , British , Caught

Sterling following UK house prices down
2008-04-16 22:15:00
Moneycorp the foreign currency specialists report that house prices influenced Sterling yet again. This time is was the Halifax reporting a 2.5 per cent fall between February and March. Like the Nationwide two week ago, HBOS referred to the massive rise in house prices over the last ten years; 171 per cent they reckon. Also in common with Nationwide, HBOS omitted to expand on that observation. They could have been pointing out that the "modest (low single digit)" decline they expect this year will be a mere gnat-bite on the gains made previously. Or they could have been drawing attention to a price bubble. We were left to guess.
More About: House , House Prices , Prices

Live Auctions of Florida Property With No Reserve
2008-04-16 21:39:00
Following the recent success of January’s live Absolute Auction, another auction is to be held this month by Stirling Sotheby’s International Realty in association with The British Homes Group. A top Florida Developer is putting scores of properties on the auction market with no reserve prices and no minimum. The luxury apartments on a development in a fantastic location in Florida will be sold to the highest bidder –however low that bid might be. The next sale will start at 11am on April 19th when Stirling Sotheby’s International Realty, in association with The British Homes Group, will hold a live Absolute Auction on the premises at The Residences at Turnbull Bay located on New Smyrna Beach on Florida’s east coast. Twenty-five ‘maintenance free’ Town Houses – 2 bedroom / 2 bathroom and 3 bedroom / 2.5 bathroom – are to be auctioned individually. Alternatively they can be bought on a bulk purchase of the entire inventory
More About: Property , Live , Auctions , Reserve

Middle East Rent Controls Harm Property Investment
2008-04-12 09:51:00
A report examining the effects Rent control in the Middle East has concluded that such measures are generally harmful for property investors. In December 2007 Dubai’s government toughened up its 2005 Rent Law and reduced the maximum 2008 rent increase to only 5%. Abu Dhabi has likewise capped 2008 rent hikes at only 5%. In neighbouring Qatar, a rent freeze has been implemented while the government is determining the new rent increase cap. For the past two years to February 2008 rent increases were limited to 10% annually
More About: Property , Investment

India Has Real Estate TV
2008-04-12 09:50:00
A powerful new force in real estate marketing has emerged with the news that India has its first 24x7 channel dedicated to the world of real estate. The channel is now available in all metros and major cities across the country. The new TV channel will provide viewers up to date information on all aspects of the property market.
More About: Estate , Real Estate , Real

Spanish Government Could Owe Thousands To Former Property Owners
2008-04-12 09:48:00
The Spanish government may owe former Spanish property owners thousands after charging an unfair amount of tax. A Spanish legal company believes that an estimated £37m is now owed to British former owners alone. What is more, they say that Brits can now start the long process of getting their money back because, they suggest, it flies in the face of EU laws on discrimination. This means that if you were one of the 4,500 British citizens who sold Spanish property between 2004 and 2007, and were charged at the non-resident's CGT rate; you could be eligible for an average rebate of £11,000.
More About: Government , Property , Owners

Developer Gives Free Florida Holidays For UK Residents
2008-04-11 09:12:00
THE BRITISH HOMES GROUP Florida , who provide sales and loans advice to UK property owners in Florida, is giving away a luxury family holiday as part of a package of incentives to encourage UK buyers to consider a LENNAR HOME.
More About: Holidays , Developer , Free

Daily Mail & P&0 in French Property Prize
2008-04-08 13:17:00
The Daily Mail and P&0 Ferries aim to make one lucky person the owner of a stunning French cottage located in Brittany. The desirable French home is a prize in a draw aimed at Daily Mail readers and is sure to be popular amongst its readers.
More About: Property

Developer offers free apartments with Saudi Arabia properties
2008-04-07 23:14:00
Middle East property developer Damac properties are offering investors an unusual deal involving their Saudi Arabian project Al Jawharah residential Tower. Buyers will receive a free property from another development in Egypt when they purchase selected apartments.
More About: Developer , Free , Apartments , Saudi Arabia

Australians Sell Homes on EBay
2008-04-07 23:12:00
A recent report by News.com.au gives an insight into the mind set of Australian home sellers trying to sell their properties. It highlights the fact that 130 properties were listed on eBay's Australian site last week, including several multi-million dollar homes in Sydney and New South Wales
More About: Ebay , Homes , Sell , Australians

The Landings Saint Lucia
2008-04-07 23:11:00
One of the newest resorts in the Caribbean has recently opened on Saint Lucia . This beautiful island located in the Lesser Antilles chain has great weather, beaches and something for everyone. The Landings is a new development on the very northwest tip of the island that is located on 19 acres of prime beachfront property. International real estate investors will find this location to be ideal, and the prices for such a spot are quite reasonable
More About: Saint Lucia

US Real Estate in Go Zone Attractive To Overseas Buyers
2008-04-07 23:10:00
International real estate buyers have been encouraged to examine the case for buying property in the Go Zone by the head of overseas property portal Homesgofast.com.
More About: Estate , Real Estate , Real , Buyers

US Home Sales See Small Increase
2008-04-05 00:56:00
4/04/08-The most recent housing reports out the United States indicate that existing home sales were up in February, the first time that sales rose seven months. Most analysts note that this is probably an anomaly, brought on in large part by significantly lower home prices, but they expect sales to begin increasing later this year on a consistent basis. The median national home price for February was $195,500, which was 8.2% lower than a year ago, when prices were $213,500
More About: Sales , Home , Small

New Brunswick Canada Sees Royal Estates
2008-04-05 00:54:00
Just inland from the Bay of Fundy along the eastern coast of Canada is one of the premier golf and living resorts in the country, Royal Oaks Estates and Golf Club. Located in Moncton, New Brunswick , this golf club and development offers the best of both worlds: world-class golf and spectacular housing opportunities. There are townhouses, condominiums, building lots and existing houses all available.
More About: Sees

Commercial Rents in Turkey Up
2008-04-05 00:53:00
In a recently released survey by a top international real estate firm, Turkey has seen several prime business locations with rents rising substantially over the past year. Three locations in the country came in at the top of the list for increased rates, with two of these in the city of Istanbul, the country’s financial and business center. Recent development and investment in the city and country has led to an increased need for office space as well as living quarters for businesses from both local and international investors.
More About: Commercial

The Merricks Resort Barbados
2008-04-05 00:22:00
The Caribbean island nation of Barbados has been one of the most popular destinations for travelers and international home buyers for years. The small country in the southeast Caribbean has a stable government, low crime and some of the best beaches anywhere, as well as plenty to see and do. As a result, investors and holiday seekers have been flocking here, with the west coast the preferred destination. As the west coast of Barbados has become more developed and extremely expensive, developers and investors have turned eastward for less expensive but still spectacular property
More About: Resort

Selling Overseas Property A Place in The Sun
2008-04-05 00:21:00
UK Channel 4 s A Place in Sun has joined other UK based overseas property portals such as Homesgofast.com and Property -Abroad.com in offering sellers the chance to promote their overseas property online. Channel 4 is launching a classifieds portal for overseas property on the back of its series A Place in the Sun.
More About: Selling , Overseas , Overseas property

Caribbean Property Prices
2008-04-01 10:31:00
Property in the Caribbean is now more attractive as the depreciation of the US dollar against major currencies such as the British pound and the Euro make Caribbean real estate cheaper. This news does not make the Caribbean a cheap destination to buy overseas property, many beachfront homes on developed islands can be priced well over one million US dollar mark.
More About: Property , Prices

Luxury Property Developing in the Dominican Republic
2008-04-01 10:29:00
Angsana Resorts, part of Banyan Tree Hotels and Resorts, is opening a new residential luxury resort on the Caribbean island nation of the Dominican Republic . The project confirms that the Dominican Republic is a luxury destination to buy Caribbean property. The first phase of this new development is scheduled to open to residents in 2010. The resort will have villas, town houses and condominium units as well as a marina, luxury hotel and casino, retail stores and more
More About: Luxury , Property

Loreto Bay Resort to Rise in Baja, Mexico
2008-03-31 23:12:00
Along the coast of Baja , Mexico , a new resort area is rising up at Loreto Bay. Located on the Sea of Cortez between the Giganta Mountains and the water, this once sleepy area is becoming the new destination resort in Mexico. If plans for the bay are fully realized, over the next few years some 8,000 acres of land will have 6,000 holiday and retirement homes.
More About: Resort , Rise

South African Game Reserve Promoted at EPEX 2008
2008-03-31 23:12:00
EPEX 2008 – the Exclusive Property Exhibition – is set to take place on 21 – 22 June 08 at the Olympia National Hall in London. This is the only event in the UK where the most prestigious and luxurious international properties can be seen all together at one time. This unique show focuses exclusively on some of the best properties from around the globe, with prices ranging from £0.5M to £25M.
More About: Game , South , South African , African , Reserve

New Secluded Property Hotspot Marbella Spain
2008-03-31 23:10:00
A secluded hillside community is one of the hottest places for Spanish property seekers. La Mairena is a small village in the hills to the northeast of Marbella in the heart of the Costa del Sol. These tranquil hills are full of oak and cork trees, providing a beautiful setting. The area is still just a few minutes away from the Mediterranean, so beach lovers can spend as much time on the seaside as they want. And, it’s not far from Marbella, with plenty of shopping, restaurants and nightlife.
More About: Property , Spain , Hotspot

London Property Developers Defy Credit Crunch
2008-03-29 16:59:00
Candy and Candy sold two hotels located in fashionable Kensington London , both hotels overlook Kensington Gardens and were sold for a cool 320 million pounds. The Kensington Palace and Kensington Park Hotels site were sold to a Middle East consortium. The brothers had barely started work on the project and had planned to transform the hotel into super prime real estate. The hotels would have housed 97 apartments with price tags of 10 million pounds each.
More About: Credit , Property , Developers , Crunch

Sterling and Dollar Both Looking Uncertain
2008-03-25 20:53:00
Moneycorp the foreign currency specialists report on last weeks trading activity highlighting sterling and the US Dollar . Having traded at $2.02 last Monday morning the Pound dipped two and a half cents before rebounding on Tuesday almost to $2.03. From there, apart from a brief hesitation early on Wednesday it was down again, this time to $1.9750. The long weekend kept things quiet until early this morning when the Far East market took Sterling back up above $1.99.

Florida Bus Tours of Repossessed Properties
2008-03-25 20:52:00
The credit crunch has taking its toll on numerous home owners in the sunshine state of Florida . This has created a genuine buyers market where bargains are ripe for the picking. Real estate agents in Florida have now come up with a new marketing technique that will help buyers see all the best deals by using bus tours of foreclosed properties
More About: Tours , Properties

Dubai Water Supply Problem Solved
2008-03-25 20:51:00
Dubai's booming real estate industry and expected population growth means huge expected demands on its infrastructure. One area that will always be a concern in such a hot country is the supply of water. This now appears to be taken care of with the announcement that Dubai will have the worlds largest reservoir
More About: Water , Dubai , Problem

Moneycorp Help British Property Owners in Florida
2008-03-24 12:31:00
Moneycorp, the foreign exchange specialist, today announced a new alliance with LynxBanc Mortgage Corporation, a specialist international mortgage provider, which will provide British property owners in Florida with a safe way to stabilise their monthly mortgage payments
More About: Property , Owners