The Global Financial Crisis may have devastated real estate prices in Dubai, causing a 48% fall just this last year, as well as causing serious drops in other countries, but one place that is seeing increased prices is Lebanon.
Archive for October, 2009
Lebanon Properties Hot Despite Global Financial Crisis
by OP-Mall on Friday, October 30th, 2009 in Lebanon Property
Dubai Property Prices Dropping As Oversupply Floods The Market
by OP-Mall on Wednesday, October 28th, 2009 in Dubai Property
Property prices in sunny Dubai have already dropped 48% since last year, and they are about to fall another 20% according to research firm Colliers International. The global economic crisis has taken its toll in Dubai as in most other places, and as more completed developments reach the market, prices are falling quickly as demand drops away. This is not predicted to change until demand once again outstrips supply.
Press Release: Russia. St. Petersburg market continues to grow
by Overseas Property Mall on Tuesday, October 27th, 2009 in Property & Real Estate Press Releases
St. Petersburg, Russia’s second largest city and the fourth largest city in Europe. With a population of 4,750,000 and the North West region of Russia with a total population of 14.3 million, it has recently become a target for overseas property companies. The progressive local government continues to attract many multinational corporations to re-locate there (Ford, Toyota, GM, Nissan, GE, Coca Cola, Wrigley, Lucent Technologies etc) the economy of the region is growing fast.
Knight Frank Global House Price Index – Quarter 2 2009
by OP-Mall on Monday, October 26th, 2009 in Research, Surveys

A summary of the findings of this index are as follows:
- House prices increased in nearly half of the reporting countries, suggesting a possible recovery may be on the horizon
- The quarterly drop in house prices worsened in fewer than 25% of these locations
- Israel is the top performer from 2Q 2008 to 2Q 2009, with an annual increase in house prices of 12.5%
- Taken quarterly, Norway saw the largest increase from Q1 2009 of 5.3%
- Dubai was the biggest loser over the year, dropping 47%, and was second worst on a quarterly basis, losing 7.5% from Q1 2009
Liam Bailey, head of residential research for Knight Frank has assessed the data and takes the following from it:
The $56.6 Million Apartment In Hong Kong
by OP-Mall on Sunday, October 25th, 2009 in Hong Kong Property, Luxury Property
When I was a kid, if you saw “Made in Hong Kong” stamped on the underside of anything, that pretty much assured it was cheap and badly made. You certainly could not apply that to the Conduit Road 39 building in Hong Kong, where a 6,158 square foot duplex apartment has just sold for US$56.5 million. That’s a lot of square feet, but that’s also a lot of money – and the developer Henderson Land thinks it’s a record not just for the city but for anywhere in the world.
The apartment was bought by a company whose money comes from mainland China, according to the developer, but more than that they either don’t know or won’t say.
Will the London Property Market be Awash with Cash this Bonus Season?
by liambailey on Thursday, October 22nd, 2009 in London Property, UK Property
We are a nation obsessed by house prices, we are obsessed when house prices are rising, and we are even more obsessed when prices are falling.
Once again it is the season to be jolly, and none more jolly than the big-city bankers who receive multi-million Pound and Dollar bonuses if they have done well. This has been known for having a very positive effect on the central London prime property market, as the bankers spend their fortuitous fortunes on lavish homes. The question is, with so much regulation on the horizon, and so little supply on the market, will this year be the same?
International Property News Beat – UK Farmland, Hong Kong Property & Ivanka Trump
by Overseas Property Mall on Monday, October 19th, 2009 in Property News Summaries
- Second-Tier Chinese Cities Play Bigger Role in Influencing Real Estate Companies’ Performance [Reuters]
- No Recession In Chinese Billionaires [WSJ]
- Burj Dubai, World’s Tallest Tower, to Open December [Bloomberg]
- Ivanka Trump: ‘Nepotism Got Me in the Door’ [ABC News]
- Global Property Prices Turning Upward [Business Week]
- Hong Kong Home Beats Record; Tsang Warns of Bubble [Bloomberg]
- New Owner of Madoff’s Montauk House Paid $9.41 Million [WSJ]
- South Korea Doesn’t Have a Housing Bubble [WSJ]
- UK Farmland prices on the increase [Coventry Telegraph]
- Nakheel to cut 500 jobs [Maktoob]
Press Release: Comment From Notting Hill Home Ownership Following First Time Buyer Needs £93,000 Salary To Buy Home
by Overseas Property Mall on Friday, October 16th, 2009 in Property & Real Estate Press Releases
Recent findings from The National Housing Federation suggest that a first-time buyer needs a £93,000 annual salary to buy an average priced house in London.
Notting Hill Home Ownership, the first housing association to introduce shared ownership, suggests more Londoners should consider the option of shared ownership. In fact since the recession struck Notting Hill Housing seen an 80 per cent increase in the number of viewings and reservations for shared ownership at its housing schemes.



