News

At its annual meeting in London, the leaders of the world’s largest and most important economies agreed to a range of fiscal and regulatory steps in the hope of combating the worldwide economic recession. Prime Minister Gordon Brown of Britain announced that the leaders had committed to US$1.1 trillion in loans and guarantees to finance […]

The Cityscape property conference and exhibition is coming to Abu Dhabi in April and the number of exhibitors is up from last year. Despite the international economic downturn, the conference organizers report that the number of spaces for exhibitors is up by 31 percent from last year. Additionally, the number of pre-registered visitors is up

Following an earlier pledge to build one million new homes for low-income residents and workers in Brazil, President Luiz Inacio Lula da Silva, recently announced plans to spend some 34 billion reais, or US$15.1 billion, on the project to help spark the slowing economy. Finance Minister Guido Mantega said that the drive to build new

The Office of Fair Trading has today welcomed a Court of Appeal Judgment confirming its views on the application of the Unfair Terms in Consumer Contract Regulations 1999 (UTCCRs) ahead of a substantive hearing against Foxtons Limited at the end of this month. The OFT commenced High Court proceedings against Foxtons in February 2008 seeking an

Good news for the UK housing market, it seems that the huge cuts in interest rates maybe taking effect with some positive UK house price news from the Nationwide Building Society This comes at a time when the Bank of England recently announced that mortgage approvals were also up   House prices rose last month

The Andara Residences on Thailand’s tropical island of Phuket are now available for potential buyers to view. The property just finished its 4-bedroom show home for viewers, and there are already 2 and 3-bedroom apartments to see and from which to choose.   The 37 Residences are located next to the Andara Villas development, which

In the midst of a global economic downturn, office occupancy costs are another area taking a hit in the real estate sector. Worldwide real estate firm DTZ said that costs would continue to drop in 2009 as their annual survey on occupancy costs shows demand for space falling throughout the year. The 12th edition of

Singapore’s luxury resort company Banyan Tree is set for an expansion into the Philippines with a new island resort worth some US$200 million. The company recently held a ground breaking ceremony at Coron in Palawan province. The 55-hectare resort is scheduled for completion in 2012 and will have three resorts with a complete range of

After Slovenia officially ratified Croatia’s accession to NATO, the country will join the alliance on March 4. Albania is also scheduled to join the alliance then as the other 25 members have ratified both Croatia’s and Albania’s accession to the organization.   Slovenia, a member of both the EU and NATO, had vetoed Croatia’s bid

Fraudster Bernard L Madoff assets are being stripped from his ownership whilst he spends the rest of his days behind bars. The latest asset to go is his Florida waterfront mansion and vintage yacht   U.S. marshals changed the locks at the unoccupied property and inventoried the 8,753-square-foot home, listed on tax rolls as worth