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Archive for March, 2009

Brazil Government To Spend Billions To Boost Housing

by OP-Mall on Tuesday, March 31st, 2009 in Brazil Property

Luiz-Inacio-Lula-da-Silva-President-of-Brazil Brazil president Luiz Inacio Lula da Silva is intent on helping the flagging Brazilian economy by injecting $15.1 billion into the housing industry. According to Bloomberg, the Brazilian government will build one million new homes for the country’s low income earners.

Currently the situation is dire as local companies cut costs to weather the global crisis. The emergency program is supposed to help boost the Brazilian market and help people survive the recession.

Low income earners will be supposed to pay a symbolic contribution to take on home ownership and people who earn less than 2,790 reais will be eligible for government subsidies.

No Comments » Read More

International Property News Beat – BRIC Real Estate, Monaco Usurps London & A U.S. Rebound

by Overseas Property Mall on Monday, March 30th, 2009 in Property News Summaries

1 Comment » Read More

Twitter Weekly Updates for 2009-03-29

by Overseas Property Mall on Sunday, March 29th, 2009 in Property News Summaries

    No Comments » Read More

    London Landlords Face Bleak Rent Outlook

    by Overseas Property Mall on Friday, March 27th, 2009 in London Property, Surveys, Trends, UK Property

    row-of-houses-bedford-row-holborn-london

    London landlords are facing a tough time attracting tenants as a record number of properties are flooding the market, according to the Royal Institute of Chartered Surveyors.

    The best-presented property is still finding tenants – but only if the landlords charge a competitive or discounted rent.

    No Comments » Read More

    Press Release: Primelocation.com adopts Google Maps with Street View to revolutionise property search

    by Overseas Property Mall on Friday, March 27th, 2009 in Property & Real Estate Press Releases

    Primelocation.com’s unique integration of Street View – the latest innovation from Google- combined with Microsoft’s Bird’s Eye View aerial imagery, will revolutionise the way Britons search for prime properties.

    No Comments » Read More

    US Housing Starts On The Rise

    by OP-Mall on Thursday, March 26th, 2009 in United States Property

    construction-homes-usa Latest reports from the US show a renewed sense of hope in the housing starts department as figures showed a 22 percent rise in February from the month of January. New work on some 583,000 homes is seen to be a positive sign and indication that maybe the worst of the US housing slump is over.

    While the warmer weather is partially responsible for the jump in new construction, analysts do not believe this new rate will be sustained in the future. Most of the new housing starts are apartments and condominiums.

    Plus, there still are hundreds of thousands of unsold properties on the market, keeping the recession tight. Despite the non shifting property market, economists think that “the worst of the contraction may have passed.”

    2 Comments » Read More

    For Sale by Owner – 2 Bed Apartment KLCC Apartment in Hampshire Residences (1270 Sq. FT)

    by OP-Mall on Wednesday, March 25th, 2009 in International Properties for Sale | Real Estate Listings, KLCC Property, Kuala Lumpur Property, Malaysian Property

    Bedroom (1)

    A unique and spacious 1270sqft ♠ centrally located in the heart of the Golden Triangle in KLCC, the heart of the Malaysia economy, just 5 minutes walk from the world-famous Petronas Towers is for sale by owner. The apartment is luxuriously furnished with contemporary designer furniture, fitted kitchen, walk-in wardrobes, Hansgrohe fittings and broadband ready. This corner residence gives magnificent city views over the tree-lined streets of KLCC.

    1 Comment » Read More

    Belek Property Market Review

    by OP-Mall on Wednesday, March 25th, 2009 in Turkish Property

    golf-couse-antalya-turkey

    On the shores of the Mediterranean with its own pine forests and plenty of European charm lies Belek. Discovered back in 1984, Belek is located in the Turkish coast and lies approximately 30 km east of the Antalya province.

    4 Comments » Read More

    Press Release: FindaProperty.com UK Property Rental Price Index – UK Nears Bottom of the Rental Market

    by Overseas Property Mall on Wednesday, March 25th, 2009 in Property & Real Estate Press Releases

    • The rate at which asking rents are falling and the volume of stock is rising has slowed over the past three months, signalling that the UK rental market may be reaching the bottom of the cycle.

    • Average rents in March 2009 were £827 pcm compared with £830 pcm in February 2009 and £873 pcm in March 2008.

    • Continued tenant activity has reduced the average time a property is on the market by five days over the month to 65 days, but time on the market remains up by 17 days year-on-year.

    • The UK is becoming a tale of two markets: house rentals have seen supply levels stabilise and start to fall (-1.3% month-on-month decrease in March 2009), whilst the supply of rental flats continues to rise

    • Rents in London continue to fall, but again at a slower rate, with asking rents falling by 1.1% month-on-month and by 6.9% year-on-year.

    • UK rental yield remains stable at 4.65%.

    1 Comment » Read More

    Is Ras Al Khaimah The New Dubai?

    by OP-Mall on Tuesday, March 24th, 2009 in Ras Al Khaimah Property

    construction-in-ras-al-khamiah-RAK

    Ras al Khaimah also known as RAK was the second emirate after Dubai to allow foreign property ownership . his means that even non GCC citizens can buy a freehold property and call it their own. When the first sign of trouble surfaced in Dubai last year many expats were forced to look elsewhere as landlords raised their rent. Some of these raises were massive (around $16,000 for a two-bedroom home).

    1 Comment » Read More
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