News

Sales of newly constructed homes in the United States fell in March by 0.6 percent to a seasonally adjusted annual rate of 356,000, just a small drop from February’s revised rate of 358,000. That is actually better than many economists thought and provides some hopes that things may be starting to get better in the […]

The Japanese government is set to provide a much-needed boost to the domestic property market with an 800 billion yen package in the works. The Development Bank of Japan plans to place 100 billion yen into a fund for property purchases, with another 50 billion yen for developers to buy properties.   The program also

More than 75 million square feet of planned shopping centre development across Europe is currently on hold or has been cancelled, according to the latest report from Cushman & Wakefield. The real estate firm’s European Shopping Centre Development report indicates that it expects approximately 107 million square feet of new shopping centre space to open

Near the southern end of Brazil’s Bahia State is the tiny town of Trancoso, where one of the best beaches in the country is located. For many years Trancoso was known as the ultimate hippie town, but in recent years it has become a favorite for high-powered Brazilians looking to get away from the crowds.

Malaysia’s premier international tourism destination is quickly becoming the Sepang Gold Coast south of Kuala Lumpur. This resort area stretches along 22 kilometers of beach fronting the Straits of Malacca and is convenient to the capital, airport and other popular destinations. The new development is being constructed with a view towards residents of Kuala Lumpur

The lowest percentage of Americans since 1962 moved to a new home in 2008, according to new census data. Additionally, immigration from abroad was the lowest it has been in over a decade. The United States Census Bureau released its annual report that showed the annual rate at which residents moved fell to 11.9 percent.

The Pound has come under severe pressure after worse-than-expected public borrowing data, and Alistair Darling’s budget condemning the UK to its worst financial year since the second world war.   Against the Euro and Dollar, Sterling has fallen 2c in trading today and looks set to compound the losses further.   This morning’s figures showed

The plans for the former Chelsea Barracks in London have been drawing quite a lot of attention lately, with world-renowned architects criticizing the Prince of Wales for his latest attempts to change the plans. A luxury development is planned for the site of the former military barracks and is next to the Royal Hospital, designed

Seven banks in the Ukraine will be nationalized in the coming weeks, according to news reports. The move comes as the government attempts to shore up the shaky financial sector in the country and is part of a larger effort to restore the country’s economy to a sound footing.   “The government is taking a

A new online real estate transfer system, called Oqood, is now up and running in Dubai. The Real Estate Regulatory Agency (RERA) said that Al Fajer Properties was the first to use the new system that has been developed in conjunction with Emirates Real Estate Solutions, a subsidiary of the Dubai Land Department.   The