The real estate market in the United Arab Emirates, one of the hottest in the world, is set to continue until 2015 and beyond, according to new reports. Real estate and construction markets in the UAE are primarily focused on Dubai, which has been booming for several years, and the newer market of Abu Dhabi. Two recent studies by HSBC and Damac Capital International of Dubai both indicate that supply will...
International buyers could well be the key to kick starting the Florida property market and a recent alliance may be evidence of this. Stirling Sotheby’s International Realty has joined forces with British Home Loans Florida. The Florida based international mortgage brokerage company specializes in arranging financing for British, European and other 'Foreign National' homebuyers in the U.S. The two...
London 3/12/07-UK based Foreign exchange specialists Moneycorp are exhibiting at the UK industry overseas property exhibition OPPlive7 on the 4th and 5th December 2007 at ExCel London. For over a quarter of a century, TTT Moneycorp has been providing a wide range of foreign exchange and related services for both private and corporate customers. The Company has become a significant influence throughout...
UK house price indicators show reductions in house prices with figures from Nationwide, Halifax, Hometrack, and Rightmove are showing falling prices. A common misconception is that the sub prime market and credit crunch is to blame for this downturn. A look under the surface will reveal that there is not one source to blame. One economics expert spreads new light on the plight of the UK housing...
Recent research commissioned by the BBC has found that the British feel that buying property is better than cash in the bank. The UK housing market like that of the US is now reported to be slowing and with it house price drops are expected. The UK property market looks like it shall be a buyers market with home sellers reducing house prices in order to sell their homes. House prices and equity in...
The overseas property industry seems set for a bright future according to predictions from a recent study. The appetite for property abroad seems set to continue with the British and Irish Buyers firmly behind the wheel. In fact the study carried out by Datamonitor has predicted that ownership is set to almost double over the next five years. British and Irish citizens now own 3.81 million properties...
London 3/11/07-There was some good news for the Dollar on Monday night. Abu Dhabi Investment Authority, a sovereign wealth fund, announced that it would invest $7.5 billion in Citigroup, the troubled US financial conglomerate. The investment represents about 5 per cent of the group and is almost enough to cover the losses it has incurred since summer. The market's interpretation was that if ADIA had...
A new luxury hotel and apartments will go up in Surfers Paradise along the Gold Coast of Australia, according to news just released on Hospitality Net. The Hilton Surfers Paradise Hotel and Residences will have two high rise towers with 170 luxury hotel rooms and 340 premier apartments. The new project will be developed by the Raptis Goup in the central part of Surfers Paradise along Surfers Paradise...
29/11/07 London-MTV Cribs a TV show that allows anyone interested in celebrity lifestyles to see how their favourite stars live is now being used as a marketing tool to sell property. Successful rapper 50 Cent is going to use the show as a platform to help sell his luxury home. The multi millionaire is selling his mansion after owning the home for only 3 years at a cool $18.5 million price tag The 19...
London 28/11/07- The Dubai property market has been consistently active over the last few years with huge numbers of overseas property investors buying in the region. The Emirate has also been revealed as the latest celebrity holiday home hotspot by foreign exchange specialist, Moneycorp. Footballers such as David Beckham and Baywatch star Pamela Anderson now own second homes there. Celebrity couple...