International Property News

Is real estate industry in Spain bankrupt?
The outlook remains gloomy for housebuilders in Spain whilst, The economy in most of EuroZone, may be out of recession, but the construction industry is lagging at least a year behind with Spanish Market probably the worse affected in Europe.

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Is the time right for investing in property?
Investor opinion on whether this is the best time to invest in Investment property is deeply divided. When asked if now is a good time to invest in commercial property, 1/2 of respondents saying “yes". While several of those commenting said they expected the commercial property m...

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Easier mortgages were made available bring cheers to first time buyers
More mortgages were made available by lenders in the UK in the final quarter of 2009, the Bank of England has said. The availability of mortgages is on the rise, providing a glimmer of hope for first-time buyers, figures suggest. An improved economic outlook and house price rise...

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Brown and Obama deny G20 splits
Anti-capitalist protesters scuffled with police outside the Bank of England today as Gordon Brown received a series of world leaders in Downing Street to prepare for tomorrow's G20 summit. First up was Barack Obama, making his first trip outside North America since his inaugurati...

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UK interest rates cut to new all time low
The Bank of England slashed interest rates to a record low on Thursday to help Britain out of recession, but the ECB kept its main rate on hold despite dire German and Spanish data confirming a sharp downturn. "the global economy is in the throes of a severe and synchronised down...

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Lowest intrest rates in 314 years is bad for savers
The Bank of England has cut interest rates to 1.5%, the lowest level in its 315-year history, as it continues efforts to aid an economic recovery. The half percentage point reduction brings interest rates below 2% for the first time since the Bank of England was founded in 1694.

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The Bank of England today cut a key interest rate
The Bank of England's monetary policy committee today cut interest rates by a full percentage point to just 2% - the lowest for 57 years and the joint lowest in history, as a deepening downturn and still-stalled credit markets prompted central banks across Europe to look for ways...

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The Pre-Budget Report
Treasury Chief Alistair Darling will have to strike a delicate balance Monday when he presents his spending plans. With the economy in deep trouble and people looking to the government for help, his goal will be to offer a crowd-pleasing fiscal boost without prompting investors t...

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Europe Follows Bank of England In Cutting Rates
Central banks across Europe slashed interest rates Thursday, expanding a campaign to head off a deep recession and following in the path their U.S. counterparts have undertaken for more than a year. The central banks, deeply worried about inflation and confident that U.S.

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Bank voted unanimously on rate cut
Bank of England Rate Setting Committeevoted 9-0 to cut UK's rates. Governor Mervyn King briefed the other eight policymakers about the discussions of a coordinated move with other central banks including the U.S. Federal Reserve and European Central Bank and then invited them...

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Property News

Greece's finance minister resigned on Monday due to ill health, throwing the government's drive to soften the terms of an international bailout into confusion less than a week after it took office. With the win of right wing leader of New Democracy Antonis Samaras, it is assured that Greece has made it to the Eurozone.

The recent World Bank report suggests developing nations to get prepared for a tough economic scene which is about to appear in near future. Fearing the financial crisis to spread to bigger regions such as Italy and Spain...

Spain warns euro can be finished in months – without banking and fiscal policies. The EU summit in Brussels should assure markets that euro is to be safe-guarded against all odds. As recent reports suggest, Spain was looking out for an immediate bailout of funds from the euro-zone.

t looks as my wishes came true as in the last minutes Countries agreed a deal today to push for a new climate treaty, salvaging the latest round of United Nations climate talks from the brink of collapse. After more than two weeks of intense talks, some 190 countries agreed to four main elements.

More good news for home owners with Europe as The European Central Bank has cut interest rates back to their historic low of 1%, as expected by markets. UK interest rates have been held at a record low of 0.5% by the Bank of England's Monetary Policy Committee.

Global housing markets under pressure and other than a few pickets of resistance in Uk and other traditionally strong markets, the world's housing markets were on balance weaker during the year ending in the second quarter of 2011

Dubai Property owners are facing legal limbo as developers prematurely withdraw their maintenance services in anticipation of owners taking over the building’s upkeep, a property lawyer said. Property "Owner associations" (OA) waiting for registration have been left unable to pay bills

The Eurozone crisis appears to have pushed more European tenants into the central London rental market since the beginning of the year, with European tenants taking 30.4% of all new lets between January to May 2011 compared to 25% during the same period in 2010. By Knight Frank

Property markets in the UK may be reaching a turning point, according to the latest property analysis snapshot from real estate consultants Colliers International. The phrases ‘risk curves’ and ‘quality secondary’ are increasingly heard in informal conversation suggesting that movement may be imminent, it says.

Western Canada has the reputation of being one of the most beautiful places in the world, and Whistler, where all our holidays depart, has won the reputation as North America’s finest resort (as rated by Snow Country Magazine for the past six years).

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