International Property News

Entries for March 2008

Mortgage Rates Are Actually Going Up
The Fed can (and probably will) continue lowering short term interest rates but it is not doing much to bring down long term interest rates that dictate how much people pay on most mortgages. Look at what long term interest rates have done since the lows of mid January. This is d...

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How to Stop the Mortgage Crisis
The potential collapse of house prices, accompanied by widespread mortgage defaults, is a major threat to the American economy. A voluntary loan-substitution program could reduce the number of defaults and dampen the decline in house prices--without violating contracts, bailing o...

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Money Guidance scheme announced
The Government has published new recommendations to provide UK consumers with the knowledge, understanding and confidence to make better decisions about money issues. The Thoresen Review of Generic Financial Advice has set out a blueprint for the national Money Guidance service,...

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Buyers beware … how to avoid mortgage fraud
Buying a house is an exciting prospect for anyone, but that excitement can quickly turn sour if you find you’ve become the latest victim of mortgage fraud. The fact is that the robust housing market was not only a great investment for many people, but it also introduced opportun...

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Is the time right for first-time homebuyers?
Despite interest rates and home prices being down, millenials still have to do their homework before buying. "First-time homebuyers would be better off renting and accumulating a larger down payment rather than jumping into a soft housing market".

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The truth about the housing market
More than 1.28 million properties were the subject of some 2.2 million foreclosure notices in 2007, according to RealtyTrac, an online marketplace for foreclosure properties. Those filings affected only 1 percent of the nation's households, but the 2007 total increased a whopping...

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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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